Bank Albilad announces its Interim Financial Results for the Period Ended on 2026-09-30 (Nine Months)

20 October 2026 08:02 AM

ALBILAD 1140 -2.63% 21.46 -0.58

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Total Income From Special Commission of Financing	2,019.1	1,888	6.943	1,996.5	1.131
Total Income From Special Commission of Investment	587.7	433.2	35.664	597.7	-1.673
Net Income From Special Commission of Financing	875.4	880.5	-0.579	911.2	-3.928
Net Income From Special Commission of Investment	397	314.2	26.352	360.9	10.002
Total Operations Profit (Loss)	1,616.4	1,534.9	5.309	1,613.2	0.198
Net Profit (Loss) before Zakat and Income Tax	825.1	854.5	-3.44	882.5	-6.504
Net Profit (Loss) Attributable to Shareholders of the Issuer	740.2	766.5	-3.431	791.6	-6.493
Total Comprehensive Income Attributable to Shareholders of the Issuer	281.8	831.4	-66.105	965.9	-70.825
Total Operating Expenses Before Provisions for Credit and Other Losses	708.9	647.4	9.499	674.8	5.053
Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net	82.4	33	149.696	55.8	47.67
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	5,955.2	5,513.8	8.005
Total Income From Special Commission of Investment	1,641.1	1,248.4	31.456
Net Income From Special Commission of Financing	2,740.6	2,590.4	5.798
Net Income From Special Commission of Investment	1,062.9	943.1	12.702
Total Operations Profit (Loss)	4,758.8	4,539.4	4.833
Net Profit (Loss) before Zakat and Income Tax	2,527.9	2,489	1.562
Net Profit (Loss) Attributable to Shareholders of the Issuer	2,267.5	2,232.6	1.563
Total Comprehensive Income Attributable to Shareholders of the Issuer	1,875.5	2,449.2	-23.423
Assets	185,890.5	167,929.3	10.695
Investments	31,438.8	30,440.4	3.279
Loans And Advances Portfolio (Financing And Investment)	132,761.2	119,134.9	11.437
Clients' deposits	145,365.7	129,023.1	12.666
Total Shareholders Equity (after Deducting Minority Equity)	23,257.5	20,910.1	11.226
Total Operating Expenses Before Provisions for Credit and Other Losses	2,021.2	1,915.7	5.507
Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net	209.7	134.7	55.679
Profit (Loss) per Share	1.43	1.49
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	-	-
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 income from investing and financing assets increased by 7%, which is mainly due to increase in the income from investing and financing assets by 12%, however, the return on deposits and financial liabilities increased by 18%.
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 has decreased due to the increase in total operating expenses by 16%, which is mainly due to the increase in other general and administrative expenses, net impairment charge for expected credit losses and depreciation & amortization. However, salaries and employee related benefits have decreased. Total operating income increased by 5%, which is mainly due to the increase in net income from investing and financing assets, net exchange income, net fee and commission income and other operating income. However, net gain on fair value through statement of income (FVSI) instruments and dividend income have decreased.
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 impairment charge for expected credit losses increased by 150%, which is mainly due to an increase in net impairment charge for expected credit losses on financing.
The reason of the increase (decrease) in special commission income during the current quarter compared to the previous quarter is	Net income from investing and financing assets remained broadly unchanged, which is mainly due to slight increase in the income from investing and financing assets, however, the return on deposits and financial liabilities increased by 1%.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter is	Net income has decreased due to the increase in total operating expenses by 8%, which is mainly due to the increase in other general and administrative expenses, net impairment charge for expected credit losses and depreciation & amortization . However, salaries and employee related benefits have decreased. Total operating income increased slightly, which is mainly due to the increase in net fee and commission income, net exchange income and net income from investing and financing assets. However, other operating income, dividend income and net gain on fair value through statement of income (FVSI) instruments have decreased.
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 impairment charge for expected credit losses increased by 48%, which is mainly due to an increase in net impairment charge for expected credit losses on financing.
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 income from investing and financing assets increased by 8%, which is mainly due to increase in the income from investing and financing assets by 12%, however, the return on deposits and financial liabilities increased by 17%.
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 has increased due to the increase in total operating income by 5%, which is mainly due to the increase in net income from investing and financing assets and other operating income. However, net fee and commission income, net gain on fair value through statement of income (FVSI) instruments, dividend income and net exchange income have been decreased. Total operating expenses have increased by 9%, which is mainly due to the increase in net impairment charge for expected credit losses, other general and administrative expenses, depreciation & amortization and salaries and employee related benefits.
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 impairment charge for expected credit losses increased by 56%, which is mainly due to an increase in net impairment charge for expected credit losses on financing.
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)	None
Reclassification of Comparison Items	Some items have been reclassified
Additional Information	Earnings per share is calculated by dividing the net income after zakat for the nine months period ended September 30, 2026 and September 30, 2025 (after deduction of Tier 1 sukuk costs) by the weighted average outstanding number of shares adjusted for treasury shares, which is 1,485 million shares (September 30, 2025: 1,491 million shares).

Comments