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Lesha Bank LLC ($QFBQ)

Earnings Call Transcript · April 23, 2026

DSM QA Financials Banks Earnings Calls 4 min

Highlights from the call

In Q1 2026, Lesha Bank LLC reported a robust performance with a net profit of QAR 48.6 million, reflecting a 20% increase year-over-year. Revenue surged to QAR 100 million, marking a significant 40% growth compared to the same period last year. Management did not provide specific guidance for future quarters, leaving investors to assess the sustainability of this growth trajectory.

Main topics

  • Revenue Growth: Lesha Bank's revenue reached QAR 100 million, a 40% increase year-on-year, driven by strong performance across various income streams. CFO Tauseef Malik stated, "The income details are; we have QAR 53.1 million from dividend income; we have placement income of QAR 35 million; and we have income from Sukuk almost QAR 37.9 million."
  • Net Profit Increase: The bank's net profit for Q1 2026 was QAR 48.6 million, representing a 20% increase from the previous year. This growth indicates effective cost management and revenue generation strategies.
  • Asset Growth: Total assets rose to QAR 9.9 billion, a 41% increase year-on-year, highlighting the bank's expanding balance sheet. This growth is a positive indicator of the bank's financial health and market positioning.
  • Investment Growth: Investments increased by 28.2% to QAR 4.8 billion, showcasing the bank's commitment to growing its investment portfolio. This growth is crucial for future profitability and stability.
  • Return Ratios: The return on average equity was reported at 13.2%, while the return on average assets stood at 2.2%. These metrics suggest efficient use of capital and asset management.

Key metrics mentioned

  • Net Profit: QAR 48.6 million (up 20% YoY)
  • Revenue: QAR 100 million (up 40% YoY)
  • Total Assets: QAR 9.9 billion (up 41% YoY)
  • Investments: QAR 4.8 billion (up 28.2% YoY)
  • Return on Average Equity: 13.2% (null)
  • Return on Average Assets: 2.2% (null)

Lesha Bank's strong Q1 2026 results indicate solid growth in revenue, profit, and assets, positioning the bank favorably in the financial sector. However, the absence of forward guidance raises questions about future performance. Investors should monitor the bank's ability to sustain growth and any future communications from management regarding strategic direction.

Earnings Call Speaker Segments

Operator

Operator
#1

Hello, and welcome to Lesha Bank conference call. Please note that this call is being recorded. [Operator Instructions] I'd now like to hand the call over to our moderator, Shahan to start the call. Please go ahead.

Shahan Keushgerian

Analysts
#2

Thank you. Hello, everyone. I want to welcome you to Lesha Bank's First Quarter 2026 Financial Results Conference Call. So on this call from management, we have Tauseef Malik, the bank's CFO. So as usual, we will conduct this call with first management reviewing the company's results followed by a Q&A session. I will turn the call over now to Tauseef. Please go ahead.

Mohammad Tauseef Malik

Executives
#3

Good afternoon, everyone. This is Mohammad Tauseef. I'm CFO in Lesha Bank. I would like to present you the Q1 financial results of Lesha Bank for 31st March 2026. There will be a small brief, and then as mentioned before, there will be question and answers, if any. The net profit for Lesha Bank shareholders is QAR 48.6 million, which is 20% increase over the previous year's same period. For the Q1 2026, the income reached to QAR 100 million, which is up by 40% year-on-year. And the Q1 income details are; we have QAR 53.1 million from dividend income; we have placement income of QAR 35 million; and we have income from Sukuk almost QAR 37.9 million. Total assets reached to QAR 9.9 billion. These are up by 41% compared to the previous year, which was QAR 7 billion as of 31st March 2025. Additionally, the bank's investment reached to QAR 4.8 billion. These are up by 28.2% from QAR 3.7 billion last year. The bank equity increased to QAR 1.4 billion from QAR 1.3 billion last year. Some are the key ratios: our return on average equity is 13.2%; return on average asset is 2.2%; the total book value is -- the book value reached to QAR 1.28; and earnings per share is QAR 0.174. The AUM for the -- as of 31st March 2026 reached to 35 -- sorry, QAR 15 billion, which is 41% increase year-on-year. So these are the main brief. If anybody has any questions, please feel free to ask.

Shahan Keushgerian

Analysts
#4

We can open it up for Q&A session, please.

Mohammad Tauseef Malik

Executives
#5

One more minute to see if maybe somebody else. May be 30 seconds or 1 minute because normally someone takes time. So then you can -- if there's no one, then we can close the call.

Operator

Operator
#6

[Operator Instructions] There are no questions at this time. I'd now like to hand the call over back to the management for closing remarks.

Mohammad Tauseef Malik

Executives
#7

Thank you very much, everyone, whoever is listening the call. As we can see, there is no question at the moment. But still, if you have any questions, please feel free to send us by e-mail or by phone, but we are always available to whatever the queries you have. Thank you very much.

Shahan Keushgerian

Analysts
#8

Thank you, Tauseef.

Mohammad Tauseef Malik

Executives
#9

Thank you.

Operator

Operator
#10

That concludes our conference call for today. You may now disconnect.

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