Banque Saudi Fransi (BSF) announces its Interim Financial Results for the Period Ending on 30-06-2026 (Six Months)

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Total Income From Special Commission of Financing	3,776	3,642	3.679	3,691	2.302
Total Income From Special Commission of Investment	801	682	17.448	742	7.951
Net Income From Special Commission of Financing	2,071	1,838	12.676	2,029	2.069
Net Income From Special Commission of Investment	272	358	-24.022	188	44.68
Total Operations Profit (Loss)	2,849	2,678	6.385	2,708	5.206
Net Profit (Loss) before Zakat and Income Tax	1,656	1,569	5.544	1,540	7.532
Net Profit (Loss) Attributable to Shareholders of the Issuer	1,487	1,403	5.987	1,381	7.675
Total Comprehensive Income Attributable to Shareholders of the Issuer	1,339	1,655	-19.093	967	38.469
Total Operating Expenses Before Provisions for Credit and Other Losses	925	873	5.956	922	0.325
Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net	267	236	13.135	246	8.536
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	7,467	7,195	3.78
Total Income From Special Commission of Investment	1,542	1,325	16.377
Net Income From Special Commission of Financing	4,100	3,583	14.429
Net Income From Special Commission of Investment	460	731	-37.072
Total Operations Profit (Loss)	5,557	5,317	4.513
Net Profit (Loss) before Zakat and Income Tax	3,196	3,061	4.41
Net Profit (Loss) Attributable to Shareholders of the Issuer	2,868	2,741	4.633
Total Comprehensive Income Attributable to Shareholders of the Issuer	2,306	3,632	-36.508
Assets	327,983	301,939	8.625
Investments	74,208	63,241	17.341
Loans And Advances Portfolio (Financing And Investment)	224,241	209,881	6.841
Clients' deposits	204,588	182,690	11.986
Total Shareholders Equity (after Deducting Minority Equity)	51,394	51,763	-0.712
Total Operating Expenses Before Provisions for Credit and Other Losses	1,848	1,740	6.206
Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net	513	515	-0.388
Profit (Loss) per Share	1.05	1.02
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	The gross special commission income increased by 5.8% mainly due to higher return from financing and investments while net special commission income also increased by 6.7%.
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 mainly due to increase in total operating income by 6.4% which was partially offset by increase in total operating expenses by 7.5%. The growth in total operating income was primarily driven by higher net special commission income, trading income, dividend income and gains on non-trading investments, which was partially offset by decrease in net fee and commission income and other operating income. The increase in total operating expenses was mainly attributed to a higher impairment charge for other financial assets, salaries and employee related expenses and other operating and general and administrative expenses while impairment charge for expected credit losses on loans and advances 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 charges for financing and other financial assets increased by 13.1% due to higher impairment charge for other financial assets.
The reason of the increase (decrease) in special commission income during the current quarter compared to the previous quarter is	The gross special commission income increased by 3.2% primarily driven by higher return from financing and investments while net special commission income also increased by 5.7%.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter is	Net income increased mainly due to increase in total operating income by 5.2% which was partially offset by increase in total operating expenses by 2.1%. This increase in total operating income was primarily driven by higher net special commission income, net fee and commission income, exchange income as well as trading income which was partially offset by gains on non-trading investments. The increase in total operating expenses was mainly attributed to a higher impairment charge for other financial assets and depreciation and amortization while impairment charge for expected credit losses on loans and advances 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 charges for financing and other financial assets increased by 8.5% due to higher impairment charge for other financial assets.
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 gross special commission income increased by 5.7% mainly due to higher return from financing and investments while net special commission income also increased by 5.7%.
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 mainly due to increase in total operating income by 4.5% which was partially offset by increase in total operating expenses by 4.7%. The growth in total operating income was driven by higher net special commission income, trading income, dividend income as well as gains on non-trading investments, which was partially offset by decrease in net fee and commission income, other operating income and exchange income. The increase in total operating expenses was mainly attributed to a higher salaries and employee related expenses, impairment charge for other financial assets, other operating and general and administrative expenses and depreciation and amortization while impairment charge for expected credit losses on loans and advances decreased.
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 charges for financing and other financial assets decreased marginally by 0.4% due to lower impairment charge for expected credit losses on 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)	None
Reclassification of Comparison Items	Certain prior period numbers have been re-classified to be aligned with the current period presentation.
Additional Information	Net Income from Special Commission of Investment is calculated after deducting special commission expense from debt securities and term loans. The Bank has restated the previous period end balances (30 June 2025) in regard to Investments, and other reserves in the consolidated statement of financial position. EPS for the current and the previous periods is calculated by dividing the net income after zakat for the period (adjusted for Tier 1 capital costs) by the weighted average number of shares outstanding after excluding treasury shares. Tier 1 capital amounting to SAR 7.9 billion is included as part of total shareholders equity as of 30 June 2026 compared to SAR 10.4 billion as of 30 June 2025.