The Saudi Investment Bank announces the interim financial results for the period ending on 30-06-2025 (six months)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Total Income From Special Commission of Financing | 1,802.1 | 1,653.8 | 8.967 | 1,731.5 | 4.077 |
| Total Income From Special Commission of Investment | 592 | 506.1 | 16.972 | 550.2 | 7.597 |
| Net Income From Special Commission of Financing | 728.9 | 735.6 | -0.91 | 716.9 | 1.673 |
| Net Income From Special Commission of Investment | 176.6 | 143.2 | 23.324 | 173.7 | 1.669 |
| Total Operations Profit (Loss) | 1,069.9 | 1,022.5 | 4.635 | 1,050.3 | 1.866 |
| Net Profit (Loss) before Zakat and Income Tax | 595.9 | 562.3 | 5.975 | 585.3 | 1.811 |
| Net Profit/(Loss) | 512.5 | 486.4 | 5.365 | 503.3 | 1.827 |
| Total Comprehensive Income | 554.7 | 511.6 | 8.424 | 628.5 | -11.742 |
| Total Operating Expenses Before Provisions for Credit and Other Losses | 436.8 | 422.6 | 3.36 | 432.5 | 0.994 |
| Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net | 64.2 | 62.1 | 3.381 | 61.5 | 4.39 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Income From Special Commission of Financing | 3,533.6 | 3,225.2 | 9.562 |
| Total Income From Special Commission of Investment | 1,142.2 | 998 | 14.448 |
| Net Income From Special Commission of Financing | 1,445.8 | 1,423.8 | 1.545 |
| Net Income From Special Commission of Investment | 350.3 | 305.4 | 14.702 |
| Total Operations Profit (Loss) | 2,120.2 | 2,017.7 | 5.08 |
| Net Profit (Loss) before Zakat and Income Tax | 1,181.1 | 1,073.8 | 9.992 |
| Net profit (Loss) | 1,015.8 | 928.8 | 9.366 |
| Total Comprehensive Income | 1,183.1 | 1,023.3 | 15.616 |
| Assets | 167,292 | 143,358 | 16.695 |
| Investments | 43,055 | 34,783 | 23.781 |
| Loans And Advances Portfolio (Financing And Investment) | 108,423 | 90,644 | 19.614 |
| Clients' deposits | 100,236 | 95,363 | 5.109 |
| Total Shareholders Equity (after Deducting Minority Equity) | 15,933 | 15,001 | 6.212 |
| Total Operating Expenses Before Provisions for Credit and Other Losses | 869.3 | 850.2 | 2.246 |
| Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net | 125.7 | 144.1 | -12.768 |
| Profit (Loss) per Share | 0.68 | 0.68 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Millions) 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 | Net special commission income increased by 3.0% primarily due to increase in gross financing and investment returns. |
| 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 profit increased by 5.4% due to an increase in total operating income.
Total operating income increased by 4.6% primarily due to increases in net special commission income, fee income from banking services and exchange income, which was partially offset by decreases in fair value through statement of income.
Total operating expenses increased by 3.4% primarily due to an increase in general and administrative expenses, salaries and employee-related expenses, depreciation & amortization, and provisions for credit and other losses, which was partially offset by decrease in rent and premises 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 3.5% primarily due to higher net charges for loans and advances. |
| The reason of the increase (decrease) in special commission income during the current quarter compared to the previous quarter is | Net special commission income increased by 1.7% primarily due to increases in gross financing and investment returns. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter is | Net profit increased by 1.8% due to an increase in total operating income.
Total operating income increased by 1.9% primarily due to increase in net special commission income, fee income from banking services and fair value through statement of income, despite partial decrease in gains on disposals of FVOCI debt securities and exchange income.
Total operating expenses increased by 1.4% primarily due to increase in other general and administrative expenses, provisions for credit and other losses, offset partially by decrease in depreciation & amortization, and rent and premises 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 previous quarter is | Net provision of expected credit losses and other losses increased by 4.5% mainly due to the growth in financing and investments portfolios. |
| The reason of the increase (decrease) in special commission income during the current period compared to the same period of the last year is | Net special commission income increased by 3.9% primarily due to increase in gross financing and investment returns. |
| 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 profit increased by 9.4% due to an increase in total operating income.
Total operating income increased by 5.1% primarily due to increases in net special commission income, exchange income, fee income from banking services and gains on disposals of FVOCI debt securities, despite partial decrease in fair value through statement of income.
Total operating expenses marginally increased by 0.1% primarily due to increase in salaries and employee-related expenses, depreciation & amortization and rent and premises related expenses, offset by decrease in provisions for credit and other losses as well as decrease in other general and administrative expenses. |
| 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 decreased by 12.8% primarily due to lower net charges for loans and advances. |
| 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 | Certain prior period amounts have been reclassified to conform to current period presentation. |
| Additional Information | Earnings per share for the six-month period ended June 30, 2025 and 2024 was SAR 0.68 and 0.68 respectively, which was calculated by dividing net income adjusted for Tier I Sukuk costs by 1,247 million shares and 1,250 million shares respectively representing the weighted average of the issued and outstanding shares after giving effect of the purchase of 2.7 million treasury shares. |
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