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

Bank AlJazira announces its Interim Financial Results for the Period Ended on 30-09-2025 (Nine Months)

TadawulOctober 21, 2025View on exchange

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Total Income From Special Commission of Financing	1,711.8	1,514.6	13.019	1,635.1	4.69
Total Income From Special Commission of Investment	496.7	539.1	-7.864	435.2	14.131
Net Income From Special Commission of Financing	607.9	509.7	19.266	660.5	-7.963
Net Income From Special Commission of Investment	103.2	140.1	-26.338	101.2	1.976
Total Operations Profit (Loss)	1,098.4	1,020.7	7.612	1,101.8	-0.308
Net Profit (Loss) before Zakat and Income Tax	458.4	379.4	20.822	436.1	5.113
Net Profit/(Loss)	400.1	332.7	20.258	382.1	4.71
Total Comprehensive Income	492.8	711.7	-30.757	322.1	52.995
Total Operating Expenses Before Provisions for Credit and Other Losses	587.3	557	5.439	574.1	2.299
Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net	54	87.6	-38.356	97	-44.329
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	4,931.7	4,269.6	15.507
Total Income From Special Commission of Investment	1,428.8	1,549.7	-7.801
Net Income From Special Commission of Financing	1,902.7	1,535.8	23.889
Net Income From Special Commission of Investment	324	363.5	-10.866
Total Operations Profit (Loss)	3,279.5	2,812.1	16.621
Net Profit (Loss) before Zakat and Income Tax	1,306.5	1,084.9	20.425
Net profit (Loss)	1,143.2	950.7	20.248
Total Comprehensive Income	1,565	1,069.5	46.33
Assets	163,428	145,405	12.395
Investments	38,143	36,273	5.155
Loans And Advances Portfolio (Financing And Investment)	107,812	92,710	16.289
Clients' deposits	115,283	103,349	11.547
Total Shareholders Equity (after Deducting Minority Equity)	21,637	17,599	22.944
Total Operating Expenses Before Provisions for Credit and Other Losses	1,727.1	1,557	10.924
Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net	253.9	183.2	38.591
Profit (Loss) per Share	0.79	0.66
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 9% due to an increase in income from investments and financing by 8%. This increase is mainly due to higher income from financing and investment which increased primarily as a result of portfolio growth against a lower income from shariah complaint derivatives and due from banks and other financial institutions. On the other hand, return on deposits and financial liabilities has increased by 7%. The increase in return on deposits and financial liabilities is mainly due to an increase in return on customers deposits and due to banks and other financial institutions against a decrease in return on shariah compliant derivatives.
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 20% mainly due to an increase in operating income by 8%. The increase in operating income is mainly due to an increase in net financing and investment income, net fees from banking services, net gains on FVIS financial instruments, dividend income and net exchange income against a decrease in other operating income and net gains on derecognition of financial assets at FVOCI. Also, total operating expenses have slightly decreased by 1% mainly due to a decrease in net impairment charge for financing and other financial assets and rent and premises related expenses against an increase in salaries and employee-related expenses, other operating expenses, other general and administrative expenses and depreciation and amortization expenses. The increase in net income was partially offset by higher zakat charge during the quarter and a decrease in share in net income of an associate.
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 decreased by 38% mainly 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 decreased by 7% mainly due to an increase in return on deposits and financial liabilities by 14%. This increase was mainly due to an increase in return on customers deposits, shariah compliant derivatives and due to banks and other financial institutions. On the other hand, income from investments and financing has increased by 7%. This was mainly due to higher income from financing and shariah compliant 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 5% mainly due to a decrease in total operating expenses by 4%. The decrease in operating expenses is mainly due to a decrease in net impairment charge for financing and other financial assets and other operating expenses against an increase in salaries and employee-related expenses and depreciation and amortization expenses. On the other hand, operating income has slightly decreased by 0.3% mainly due to a decrease in net financing and investment income, dividend income, other operating income and net exchange income against an increase in net gains on FVIS financial instruments, net gains on derecognition of financial assets at amortized cost and fees from banking services. The increase in net income was also offset by higher zakat charge during the quarter and a decrease in share in net income of an associate.
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 decreased by 44% mainly due to lower net provision for Commercial financing as a result of recoveries from written off customers.
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 17% due to an increase in income from investments and financing by 9%. This increase is due to higher income from financing and investments which increased as a result of portfolio growth. On the other hand, return on deposits and financial liabilities has increased by 5% mainly due to an increase in return on customers deposits and due to banks and other financial institutions against a decrease in return on shariah compliant derivatives.
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 20% mainly due to an increase in operating income by 17%. The increase in operating income is mainly due to an increase in net financing and investment income, net fees from banking services, net exchange income and dividend income against a decrease in other operating income, net gains on FVIS financial instruments, net gains on derecognition of financial assets at FVOCI and net gains on derecognition of financial assets at amortized cost. On the other hand, total operating expenses have increased by 14% mainly due to an increase in salaries and employee-related expenses, other general and administrative expenses, absence of impairment reversal for other real estate, net impairment charge for financing and other financial assets and other operating expenses against a decrease in depreciation and amortization expenses and rent and premises related expenses. The increase in net income was also offset by higher zakat charge for the period and a decrease in share in net income of an associate.
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 increased by 12% mainly due to higher provisioning requirements for Commercial financing. On the other hand, during the same period last year there was an impairment reversal of SAR 42.6 million for other real estate.
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 and other reserves balances for the comparative period (30 September 2024) 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 million shares (Nine months ended September 30, 2024: 1,281 million shares). 2-Earnings per share for the comparative periods have been recalculated to reflect the increase in the bank’s capital from 1,025 million shares to 1,281 million shares due to issue of bonus shares in the ratio of one share for every four shares as approved in the extraordinary general assembly meeting held on 28 April 2025. 3- The Extraordinary General Assembly Meeting held on 11 December 2024, approved the Employee Share Plan for which 4.5 million shares (Pre bonus issue) have been purchased as treasury shares for allocating them under the Employee Share Plan. 4- Total Tier 1 Sukuk issued by the bank amounting to SAR 6.8 billion are included as part of total Equity.