Riyad Bank announces its Interim Financial Results for the Period Ending on 2026-06-30 ( Six Months )

Riyad Bank reported a net profit attributable to shareholders of SAR 5.26 billion for the first half of 2026, representing a 3.54% increase compared to the same period in 2025. The growth was primarily driven by a 3.6% rise in total operating income to SAR 9.35 billion, supported by higher net special commission income, trading income, and dividend income.
For the second quarter of 2026, net profit reached SAR 2.65 billion, a 2.0% year-on-year increase, despite a significant 29.2% surge in impairment charges for credit and other losses, which totaled SAR 399.8 million. The rise in provisions was largely attributed to higher charges for both investments and credit losses on financial assets compared to the previous year.
Total income from special commissions for the six-month period grew 6.4% to SAR 13.75 billion, fueled by expanded portfolios in both loans and investments. While special commission income from financing rose by 4.4% to SAR 11.99 billion, net income from special commission investments saw a sharp 73.6% decline year-on-year for the half-year period, dropping to SAR 165 million.
The bank's balance sheet showed robust growth as of June 30, 2026, with total asset

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Total Income From Special Commission of Financing	5,998,038	5,831,581	2.854	5,991,957	0.101
Total Income From Special Commission of Investment	940,809	736,231	27.787	815,311	15.392
Net Income From Special Commission of Financing	3,190,108	2,894,337	10.218	3,405,616	-6.328
Net Income From Special Commission of Investment	186,081	305,315	-39.052	-21,081	-
Total Operations Profit (Loss)	4,735,866	4,520,131	4.772	4,614,047	2.64
Net Profit (Loss) before Zakat and Income Tax	2,982,516	2,895,104	3.019	2,977,356	0.173
Net Profit (Loss) Attributable to Shareholders of the Issuer	2,649,028	2,596,620	2.018	2,613,539	1.357
Total Comprehensive Income Attributable to Shareholders of the Issuer	2,976,025	2,765,412	7.615	2,378,862	25.102
Total Operating Expenses Before Provisions for Credit and Other Losses	1,362,012	1,325,888	2.724	1,371,750	-0.709
Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net	399,797	309,464	29.19	275,132	45.31
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Income From Special Commission of Financing	11,989,995	11,487,910	4.37
Total Income From Special Commission of Investment	1,756,120	1,430,458	22.766
Net Income From Special Commission of Financing	6,595,724	5,857,729	12.598
Net Income From Special Commission of Investment	165,000	624,405	-73.574
Total Operations Profit (Loss)	9,349,913	9,023,772	3.614
Net Profit (Loss) before Zakat and Income Tax	5,959,872	5,666,882	5.17
Net Profit (Loss) Attributable to Shareholders of the Issuer	5,262,567	5,082,627	3.54
Total Comprehensive Income Attributable to Shareholders of the Issuer	5,354,887	5,448,218	-1.713
Assets	533,637,312	491,821,909	8.502
Investments	92,473,153	73,109,598	26.485
Loans And Advances Portfolio (Financing And Investment)	377,628,855	354,549,970	6.509
Clients' deposits	348,270,590	316,810,862	9.93
Total Shareholders Equity (after Deducting Minority Equity)	67,497,999	61,414,014	9.906
Total Operating Expenses Before Provisions for Credit and Other Losses	2,733,762	2,704,772	1.071
Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net	674,929	671,187	0.557
Profit (Loss) per Share	1.24	1.21
All figures are in (Thousands) 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 (Thousands) 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 special commission income increased by 5.6% due to an increase in special commission income from loans and advances, and investments.
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 by 2.0% mainly due to increase in total operating income and partially offset by an increase in total operating expenses. Total operating income increase was due to an increase in trading income, net, net special commission income and dividend income, partially offset by decrease in fee and commission income, net, gains on disposal of non-trading investments, net, other operating income, and exchange income, net. Total operating expenses increase was due to increase in depreciation of property equipment and right of use assets, impairment charge for investments, net, impairment charge for credit losses and other financial assets, net, salaries and employee-related expenses, partially offset by decrease in other general and administrative expenses, other operating expenses, and rent and premises-related expenses.
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 of expected credit losses and other losses increased by 29.2% mainly due to increase in impairment charge for investments, net, and impairment charge for credit losses and other financial assets, net.
The reason of the increase (decrease) in special commission income during the current quarter compared to the previous quarter is	The special commission income increased by 1.9% due to an increase in special commission income from investments and loans and advances.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter is	Net income increased by 1.4% mainly due to increase in total operating income, partially offset by increase in total operating expenses. Total operating income increase was due to increase in trading income, fee and commission income, net, dividend income and gain and disposal of non-trading investments, net, partially offset by decrease in exchange income, other operating income, and net special commission income. The total operating expenses increase was due to increase in impairment charge for credit losses and other financial assets, net, depreciation of property, equipment and right of use assets, other operating expenses, partially offset by decrease in salaries and employee-related expenses, impairment charge for investments, net, other general and administrative expenses, and rent and premises related expense.
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 of expected credit losses and other losses increased by 45.3% mainly due to higher impairment charge for credit losses and other financial assets, net, partially offset by decrease in impairment charge for investments, net.
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 special commission income increased by 6.4% due to increase in special commission income from loans and advances, and investments.
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 by 3.5% mainly due to increase in total operating income and partially offset by increase in total operating expenses. Total operating income increase was due to increase in net trading income, net special commission income, and dividend income , partially offset by decrease in fee and commission income, net, gain on disposal of non-trading investments, net, other operating income, and exchange income, net. Total operating expenses increase was due to increase in impairment charge for investments, net, depreciation of property, equipment and right of use assets, salaries and employee-related expenses, partially offset by decrease in impairment charge for credit losses and other financial assets, net, other general and administrative expenses, rent and premises-related expenses, and other operating expenses.
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 of expected credit losses and other losses increased by 0.6% mainly due to higher impairment charge for investments, net, partially offset by a decrease in impairment charge for credit losses and other financial assets, net.
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)	N/A
Reclassification of Comparison Items	Some items have been re-classified
Additional Information	Basic and diluted earnings per share for the six month period ended 30 June 2026 are calculated on a weighted average basis by dividing the net income adjusted for Tier 1 sukuk costs for the period, by 3,983 million shares (six month period ended 30 June 2025 : 3,992 million shares), after excluding treasury shares and to give a retroactive effect of change in the number of shares increased as a result of the bonus share issued.