Aljazira Bank announces its Interim Financial Results for the Period Ended 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	1,804.9	1,635.1	10.384	1,724.9	4.637
Total Income From Special Commission of Investment	561	435.2	28.906	534.2	5.016
Net Income From Special Commission of Financing	575.4	660.5	-12.884	664.2	-13.369
Net Income From Special Commission of Investment	266.4	101.2	163.241	154.5	72.427
Total Operations Profit (Loss)	1,215.9	1,101.8	10.355	1,152.2	5.528
Net Profit (Loss) before Zakat and Income Tax	503.2	436.1	15.386	471.7	6.677
Net Profit (Loss) Attributable to Shareholders of the Issuer	442.8	382.1	15.885	405	9.333
Total Comprehensive Income Attributable to Shareholders of the Issuer	499.5	322.1	55.076	492.1	1.503
Total Operating Expenses Before Provisions for Credit and Other Losses	618.3	574.1	7.699	607.8	1.727
Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net	96.8	97	-0.206	74.4	30.107
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	3,529.7	3,219.9	9.621
Total Income From Special Commission of Investment	1,095.2	932.1	17.498
Net Income From Special Commission of Financing	1,239.6	1,294.8	-4.263
Net Income From Special Commission of Investment	420.9	220.8	90.624
Total Operations Profit (Loss)	2,368.2	2,181.1	8.578
Net Profit (Loss) before Zakat and Income Tax	974.9	848.1	14.951
Net Profit (Loss) Attributable to Shareholders of the Issuer	847.9	743.1	14.103
Total Comprehensive Income Attributable to Shareholders of the Issuer	991.6	1,072.1	-7.508
Assets	181,184	157,785	14.829
Investments	40,964	37,594	8.964
Loans And Advances Portfolio (Financing And Investment)	120,962	103,702	16.643
Clients' deposits	132,738	114,155	16.278
Total Shareholders Equity (after Deducting Minority Equity)	23,400	19,304	21.218
Total Operating Expenses Before Provisions for Credit and Other Losses	1,226.1	1,139.8	7.571
Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net	171.2	199.9	-14.357
Profit (Loss) per Share	0.51	0.5
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 financing and investment income has increased by 11% mainly due to an increase in Income from investments and financing by 14% primarily due to an increase in income from financing, shariah complaint derivatives, investment and income from due from banks and other financial institutions. On the other hand, return on deposits and financial liabilities has increased by 16%. The increase in return on deposits and financial liabilities is mainly due to an increase in return on customers deposits and shariah complaint derivatives against a decreased in return on due to banks, Saudi Central Bank and other financial institutions.
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 increased by 16% due to an increase in operating income by 10%. The increase in operating income is mainly due to an increase in net financing and investment income, net gains on FVIS financial instruments, dividend income, and absence of loss on derecognition of financial assets at amortized cost and FVOCI against a decrease in net fees from banking services, net exchange income and other operating income. On the other hand, total operating expenses have increased by 7% mainly due to an increase in salaries and employee-related expenses, depreciation and amortisation expenses and rent and premises-related expenses against a decrease in other operating expenses. The increase in net income was also offset by higher zakat charge during the quarter.
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 financing and other financial assets has slightly decreased by 0.1% due to lower provisioning requirements for Commercial financing.
The reason of the increase (decrease) in special commission income during the current quarter compared to the previous quarter is	Net financing and investment income has increased by 3% mainly due to an increase in Income from investments and financing by 5% primarily due to an increase in income from financing, due from banks and other financial institutions and investment against a decrease in income from shariah complaint derivatives. On the other hand, return on deposits and financial liabilities has increased by 6%. The increase in return on deposits and financial liabilities is mainly due to an increase in return on customers deposits against a decrease in return on due to banks, Saudi Central Bank and other financial institutions and shariah complaint derivatives.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter is	Net income has increased by 9% due to an increase in operating income by 6%. The increase in operating income is mainly due to an increase in net gains on FVIS financial instruments, net financing and investment income and dividend income against a decrease in net fees from banking services. On the other hand, total operating expenses have increased by 5% mainly due to an increase in other general and administrative expenses, net impairment charge for financing and other financial assets, salaries and employee-related expenses and rent and premises-related expenses against a decrease in other operating expenses. The increase in net income was also contributed by lower zakat charge during the quarter.
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 financing and other financial assets has increased by 30% mainly due to higher provisioning requirements for Commercial 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 financing and investment income has increased by 10% mainly due to an increase in Income from investments and financing by 11% primarily due to an increase in income from financing and investments. On the other hand, return on deposits and financial liabilities has increased by 12%. The increase in return on deposits and financial liabilities is mainly due to an increase in return on customers deposits and shariah complaint derivatives against a decrease in return on due to banks, Saudi Central Bank and other financial institutions.
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 by 14% due to an increase in operating income by 9%. The increase in operating income is mainly due to an increase in net financing and investment income, net gains on FVIS financial instruments and dividend income against a decrease in net fees from banking services and net exchange income. On the other hand, total operating expenses have increased by 4% mainly due to an increase in salaries and employee-related expenses, other operating expenses, depreciation and amortisation expenses and rent and premises-related expenses against a decrease in net impairment charge for financing and other financial assets and other general and administrative expenses. The increase in net income was also offset by higher zakat charge during the period.
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 financing and other financial assets has decreased by 14% due to lower provisioning requirements for Commercial 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	Investments, Cash and balances with SAMA, Other Assets and other reserves balances for the comparative period (30 June 2025) have been restated. Certain items have been re-classified to conform to current period presentation.
Additional Information	1- Earnings per share for the current and prior periods have been calculated by dividing net income for the period after Zakat and income tax (adjusted for Tier 1 Sukuk costs) by the weighted average number of shares outstanding (adjusted for treasury shares) i.e. 1,276.21 million shares (June 30, 2025: 1,276.78 million shares). 2- The Extraordinary General Assembly Meeting held on 11 December 2024, approved the Employee Share Plan for which 4.5 million shares (Pre bonus issue) were purchased as treasury shares for allocating them under the Employee Share Plan. 3- Total Tier 1 Sukuk issued by the bank amounting to SAR 8.2 billion are included as part of total Equity.