Saudi Awwal Bank announces its Interim Financial Results for the Period Ending on 2025-09-30 ( Nine Months ) | premargin

Saudi Awwal Bank announces its Interim Financial Results for the Period Ending on 2025-09-30 ( Nine Months )

TadawulOctober 23, 2025View on exchange

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Total Income From Special Commission of Financing	4,525	4,172	8.461	4,314	4.891
Total Income From Special Commission of Investment	1,252	1,132	10.6	1,183	5.832
Net Income From Special Commission of Financing	2,727	2,687	1.488	2,660	2.518
Net Income From Special Commission of Investment	130	74	75.675	188	-30.851
Total Operations Profit (Loss)	3,649	3,528	3.429	3,721	-1.934
Net Profit (Loss) before Zakat and Income Tax	2,452	2,217	10.599	2,479	-1.089
Net Profit/(Loss)	2,144	1,883	13.86	2,127	0.799
Total Comprehensive Income	2,609	3,664	-28.793	2,224	17.311
Total Operating Expenses Before Provisions for Credit and Other Losses	1,127	1,074	4.934	1,074	4.934
Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net	82	309	-73.462	216	-62.037
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	12,986	11,824	9.827
Total Income From Special Commission of Investment	3,564	3,429	3.937
Net Income From Special Commission of Financing	8,037	7,871	2.109
Net Income From Special Commission of Investment	505	332	52.108
Total Operations Profit (Loss)	10,990	10,467	4.996
Net Profit (Loss) before Zakat and Income Tax	7,379	6,928	6.509
Net profit (Loss)	6,405	5,944	7.755
Total Comprehensive Income	8,417	6,578	27.956
Assets	445,446	396,506	12.342
Investments	107,803	98,865	9.04
Loans And Advances Portfolio (Financing And Investment)	292,914	252,399	16.051
Clients' deposits	315,068	276,406	13.987
Total Shareholders Equity (after Deducting Minority Equity)	78,045	65,324	19.473
Total Operating Expenses Before Provisions for Credit and Other Losses	3,271	3,200	2.218
Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net	440	502	-12.35
Profit (Loss) per Share	2.93	2.78
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 special commission income during the current quarter compared to the same quarter of the last year is	The gross special commission income was higher by 9% primarily driven by growth in the loan and investment portfolio. However, net special commission income was only higher by 3%, as special commission expense grew, reflecting an increase in the proportion of special commission expense bearing term deposits and the growth in interbank borrowing.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	The net profit was higher by 14% primarily driven by a decrease in net provision for expected credit losses and an increase in total operating income partially offset by higher operating expenses and a decrease in the share of earnings from an associate. Total operating income increased mainly due to an increase in net special commission income and net gain from FVSI financial instruments 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 around SAR 120 million; excluding this, underlying exchange income continues to perform well. Operating expenses were higher due to an increase in depreciation and amortization expenses, given recent higher software capitalisation reflecting the investment in digital capability. A decrease in the share of earnings from an associate is mainly attributed to lower operating income from institutional business and higher operating expenses from increased inter-group recharges. The decrease in provision for expected credit losses is explained below.
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 for expected credit losses decreased by SAR 226 million or 73% mainly due to lower net impairment charges on loans and advances and higher recoveries net of write-offs.
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 was higher by 5% driven by growth in loan and investment portfolio. Net special commission income remained stable as the special commission expense was higher by 10% primarily driven by an increase in average interest bearing deposits partly offset by lower interbank borrowing costs and lower sukuk-related funding costs.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter is	The net profit was stable primarily driven by a decrease in net provision for expected credit losses and a decrease in provision for Zakat and income tax charges partially offset by a decrease in total operating income, an increase in total operating expenses and a decrease in share in earnings of associate. Total operating income decreased mainly due to a decrease in exchange income (due to one-off item mentioned above), partially offset by an increase in net fee and commission income while the net special commission income remained stable. Total operating expenses increase is attributed to general and administrative expenses partially offset by a decrease in depreciation and amortization expenses. A decrease in the share of earnings from an associate is mainly attributed to lower operating income from institutional business and higher operating expenses from increased inter-group recharges. The decrease in provision of expected credit losses is explained below.
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 for expected credit losses decreased by SAR 134 million or 62% mainly due to lower impairment charges for loans and advances and off balance sheet partially offset by lower recoveries.
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 was higher by 9% primarily driven by volume growth in loan and investment portfolio. However, net special commission income was only higher by 4%, as special commission expense grew reflecting the higher interbank borrowing cost and the increase in the proportion of special commission expense bearing term deposits.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The net profit was higher by 8% primarily driven by an increase in total operating income and a decrease in net provision for expected credit losses partially offset by an increase in total operating costs 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, net fee and commission income partially offset by a decrease in exchange income (due to one-off item mentioned above). 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 partially offset by lower general and administrative expenses. A decrease in the share of earnings from an associate is mainly attributed to lower operating income from institutional business and higher operating expenses from increased inter-group recharges. The decrease in provision of expected credit losses is explained below.
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 for expected credit losses decreased by SAR 61 million or 12% as higher impairment charges on loans and advances were more than offset by higher recoveries.
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 figures have been reclassified to be aligned with the presentation in the current period. The Bank has restated the previous period / year end balances relating to Investments, Retained earnings and Other reserves in the interim condensed consolidated financial information.
Additional Information	Earnings per share for the three month and nine month period ended 30 September 2025 and 30 September 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 the three month and nine month period ended 30 September 2025 and 30 September 2024.