Riyad Bank announces its Interim Financial Results for the Period Ending on 2025-06-30 ( Six Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Total Income From Special Commission of Financing | 5,831,581 | 5,203,690 | 12.066 | 5,656,329 | 3.098 |
| Total Income From Special Commission of Investment | 736,231 | 601,374 | 22.424 | 694,227 | 6.05 |
| Net Income From Special Commission of Financing | 2,893,724 | 2,849,305 | 1.558 | 2,963,337 | -2.349 |
| Net Income From Special Commission of Investment | 305,928 | 247,264 | 23.725 | 319,145 | -4.141 |
| Total Operations Profit (Loss) | 4,520,131 | 3,997,311 | 13.079 | 4,503,641 | 0.366 |
| Net Profit (Loss) before Zakat and Income Tax | 2,895,104 | 2,606,370 | 11.078 | 2,771,778 | 4.449 |
| Net Profit/(Loss) | 2,596,620 | 2,337,703 | 11.075 | 2,486,007 | 4.449 |
| Total Comprehensive Income | 2,765,412 | 2,318,326 | 19.284 | 2,682,806 | 3.079 |
| Total Operating Expenses Before Provisions for Credit and Other Losses | 1,325,888 | 1,224,841 | 8.249 | 1,378,884 | -3.843 |
| Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net | 309,464 | 174,600 | 77.241 | 361,723 | -14.447 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Income From Special Commission of Financing | 11,487,910 | 10,262,881 | 11.936 |
| Total Income From Special Commission of Investment | 1,430,458 | 1,211,601 | 18.063 |
| Net Income From Special Commission of Financing | 5,857,061 | 5,565,735 | 5.234 |
| Net Income From Special Commission of Investment | 625,073 | 581,715 | 7.453 |
| Total Operations Profit (Loss) | 9,023,772 | 8,084,998 | 11.611 |
| Net Profit (Loss) before Zakat and Income Tax | 5,666,882 | 4,917,374 | 15.242 |
| Net profit (Loss) | 5,082,627 | 4,410,426 | 15.241 |
| Total Comprehensive Income | 5,448,218 | 4,488,502 | 21.381 |
| Assets | 490,816,298 | 405,028,768 | 21.18 |
| Investments | 72,658,115 | 61,073,429 | 18.968 |
| Loans And Advances Portfolio (Financing And Investment) | 354,549,970 | 291,051,288 | 21.817 |
| Clients' deposits | 316,810,862 | 276,008,647 | 14.782 |
| Total Shareholders Equity (after Deducting Minority Equity) | 60,962,531 | 55,782,906 | 9.285 |
| Total Operating Expenses Before Provisions for Credit and Other Losses | 2,704,772 | 2,570,556 | 5.221 |
| Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net | 671,187 | 611,188 | 9.816 |
| Profit (Loss) per Share | 1.61 | 1.42 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in special commission income during the current quarter compared to the same quarter of the last year is | The special commission income increased by 13.1% due to an increase in special commission income from loans and advances, investments, and due from banks. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Net income increased by 11.1% mainly due to an increase in total operating income and partially offset by an increase in total operating expenses.
Total operating income increase was due to an increase in trading income, net, fee and commission income net, net special commission income, gains on disposal of non-trading investments, net, other operating income, exchange income, net, partially offset by decrease in dividend income.
Total operating expenses increase was due to an increase in impairment charge for credit losses and other financial assets, net, depreciation of property, equipment and right of use assets, rent and premises-related expenses, other general and administrative expenses, other operating expenses, and partially offset by decrease in impairment charge for investments, net, and salaries and employee related expenses. |
| The reason of the increase (decrease) in the total net provision (reversing entry) of expected credit losses and other losses during the current quarter compared to the same quarter of the last year is | Net provision of expected credit losses and other losses increased by 77.2% mainly due to higher impairment charge for other financial assets, net, partially offset by a decrease in impairment charge of credit losses, net, and reversal of impairment for investments, net. |
| The reason of the increase (decrease) in special commission income during the current quarter compared to the previous quarter is | The special commission income increased by 3.4% due to an increase in special commission income from loans and advances, investments, and due from banks. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter is | Net income increased by 4.4% mainly due to an increase in total operating income and a decrease in total operating expenses.
Total operating income increase was due to an increase in gains on disposal of non-trading investments, net, fee and commission income net, trading income, net, and other operating income, partially offset by a decrease in net special commission income, exchange income, net, and dividend income.
The total operating expenses decrease was due to a decrease in impairment charge for credit losses and other financial assets, net, salaries and employee related expenses, rent and premises-related expenses, and depreciation of property, equipment and right of use assets, partially offset by an increase in other general and administrative expenses, and other operating expenses, and a decrease in reversal of impairment charge for investments, net. |
| The reason of the increase (decrease) in the total net provision (reversing entry) of expected credit losses and other losses during the current quarter compared to the previous quarter is | Net provision of expected credit losses and other losses decreased by 14.4% mainly due to lower impairment charge for credit losses and other financial assets, net, and lower reversal of impairment charge for investments, net during current quarter. |
| The reason of the increase (decrease) in special commission income during the current period compared to the same period of the last year is | The special commission income increased by 12.6% due to an increase in special commission income from loans and advances, investments, and due from banks. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Net income increased by 15.2% mainly due to an increase in total operating income and partially offset by an increase in total operating expenses.
Total operating income increase was due to an increase in net special commission income, trading income, net, fee and commission income net, gains on disposal of non-trading investments, net, other operating income, exchange income, net, partially offset by decrease in dividend income.
Total operating expenses increase was due to an increase in impairment charge for credit losses and other financial assets, net, depreciation of property, equipment and right of use assets, rent and premises-related expenses, other operating expenses, salaries and employee related expenses, other general and administrative expenses, partially offset by a decrease in impairment charge for investments, net. |
| The reason of the increase (decrease) in the total net provision (reversing entry) of expected credit losses and other losses during the current period compared to the same period of the last year is | Net provision of expected credit losses and other losses increased by 9.8% due to higher Impairment charge of other financial assets, net, offset by a decrease in Impairment charge of credit losses, net, and impairment charge for investments, net. |
| Statement of the type of external auditor's report | Unmodified Conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | N/A |
| Reclassification of Comparison Items | None |
| Additional Information | Basic and diluted earnings per share for the period ended 30 June 2025 and 2024 are calculated on a weighted average basis by dividing the net income adjusted for Tier 1 sukuk costs for the period, by 2,994 million shares (2024: 2,995 million shares), after excluding treasury shares. |
Comments