tadawul
Element List Current Year Previous Year %Change
Total Income From Special Commission of Financing 17,596 16,056 9.59
Total Income From Special Commission of Investment 4,767 4,553 4.7
Net Income From Special Commission of Financing 10,924 10,728 1.83
Net Income From Special Commission of Investment 703 403 74.44
Total Operations Profit (Loss) 14,724 14,018 5.04
Net Profit (Loss) before Zakat and Income Tax 9,699 9,366 3.56
Net Profit (Loss) Attributable to Shareholders of the Issuer 8,452 8,070 4.73
Total Comprehensive Income Attributable to Shareholders of the Issuer 9,934 6,798 46.13
Assets 454,454 400,603 13.44
Investments 107,642 99,573 8.1
Loans And Advances Portfolio (Financing And Investment) 298,627 259,346 15.15
Clients' deposits 323,274 267,011 21.07
Total Shareholders Equity (after Deducting Minority Equity) 79,339 69,447 14.24
Total Operating Expenses Before Provisions for Credit and Other Losses 4,462 4,291 3.98
Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net 704 566 24.38
Profit (Loss) per Share 3.81 3.78
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 the special commission income during the current year compared to the last year is The gross special commission income was higher by 9% primarily driven by volume growth in the loan and investment portfolio. However, net special commission income was only higher by 4%, as special commission expense grew reflecting the increase in the proportion of special commission expense bearing term deposits and the higher interbank borrowing cost partly offset by lower sukuk-related funding costs.
The reason of the increase (decrease) in the net profit during the current year compared to the last year is The net profit was higher by 5% primarily driven by an increase in total operating income partially offset by an increase in total operating costs, an increase in net provision for expected credit losses and a decrease in share in earnings of an associate.
Total operating income increased mainly due to higher net special commission income, gain on FVOCI debt instruments, gain on amortized cost investments, dividend income, other operating income, net partially offset by a decrease in exchange income (which was impacted by a one-off charge relating to previous periods’ VAT in our cards’ business; excluding this, underlying exchange income was higher by 7%), and a decrease in fee income (following the introduction of new regulation during the year).
Operating expenses were higher due to an increase in depreciation and amortization expenses given recent higher software capitalization reflecting the investment in digital capability, an increase in salaries and employee-related expenses (mainly due to the one-off past service cost in indemnity charges) partially offset by lower general and administrative expenses.
A decrease in the share of earnings of an associate is mainly attributed to lower operating income from institutional business and higher operating expenses from increased inter-group recharges.
An increase in provision for expected credit losses is explained below.
The reason of the increase (decrease) in the total net provision of expected credit losses and other losses (reversing entry) during the current year compared to the last year is Net provision for expected credit losses increased by SAR 137 million or 24% mainly due to high impairment charges for loans and advances, partially offset due to higher recoveries, net of write-offs and lower impairment charges for off balance sheet exposure.
Statement of the type of external auditor's report Unmodified opinion
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 Certain prior year figures have been reclassified to be aligned with the presentation in the current year including a one-off reclassification from fee income to special commission around SAR 107.6 million relating to management fee.
The Bank has restated the previous year end balances relating to Investments, Retained earnings and Other reserves in the consolidated financial statement.
Additional Information Earnings per share for the year ended 31 December 2025 and 31 December 2024 are calculated by dividing the net income after Zakat and income tax attributable to equity holders of the Bank (adjusted for Tier 1 Sukuk costs) by 2,055 million weighted average number of shares outstanding during year ended 31 December 2025 and 31 December 2024.
