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Riyad Bank announces its Interim Financial Results for the Period Ending on 2025-03-31 ( Three Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Total Income From Special Commission of Financing | 5,656,329 | 5,059,191 | 11.803 | 5,817,053 | -2.762 |
| Total Income From Special Commission of Investment | 694,227 | 610,227 | 13.765 | 690,728 | 0.506 |
| Net Income From Special Commission of Financing | 2,963,337 | 2,716,430 | 9.089 | 3,018,342 | -1.822 |
| Net Income From Special Commission of Investment | 319,145 | 334,451 | -4.576 | 414,118 | -22.933 |
| Total Operations Profit (Loss) | 4,503,641 | 4,087,687 | 10.175 | 4,654,638 | -3.244 |
| Net Profit (Loss) before Zakat and Income Tax | 2,771,778 | 2,311,004 | 19.938 | 2,520,351 | 9.975 |
| Net Profit/(Loss) | 2,486,007 | 2,072,723 | 19.939 | 2,257,382 | 10.127 |
| Total Comprehensive Income | 2,682,806 | 2,170,176 | 23.621 | 2,035,545 | 31.797 |
| Total Operating Expenses Before Provisions for Credit and Other Losses | 1,378,884 | 1,345,715 | 2.464 | 1,407,648 | -2.043 |
| Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net | 361,723 | 436,588 | -17.147 | 735,137 | -50.795 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Assets | 465,345,214 | 404,858,906 | 14.94 |
| Investments | 69,270,797 | 60,663,493 | 14.188 |
| Loans And Advances Portfolio (Financing And Investment) | 338,991,099 | 282,854,210 | 19.846 |
| Clients' deposits | 304,092,494 | 270,947,883 | 12.232 |
| Total Shareholders Equity (after Deducting Minority Equity) | 61,139,526 | 53,513,978 | 14.249 |
| Profit (Loss) per Share | 0.79 | 0.66 | |
| 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 12.0% mainly due to an increase in special commission income from loans and advances. |
| 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 19.9% mainly due to an increase in total operating income and a decrease in total operating expenses. Total operating income increase was due to an increase in net special commission income, fee and commission income net, trading income, net, exchange income, net, other operating income, partially offset by the losses on disposal of non-trading investments, net and decrease on dividend income. Total operating expenses decrease was due to a decrease in impairment charge for credit losses and other financial assets, net, other general and administrative expenses, and higher reversal of impairment charge for investments, net, and partially offset by an increase in salaries and employee related expenses, rent and premises-related expenses, other operating expenses, and depreciation of property, equipment and right of use assets. |
| 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 decreased by 17.1% mainly due to lower impairment charge for credit losses and other financial assets, net, and increased reversal of impairment charge for investments, 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 decreased by 2.4% mainly due to a decrease in special commission income from 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 10.1% mainly due to a decrease in total operating expenses partially offset by decrease in total operating income. Total operating expenses decrease was due to a decrease in impairment charge for credit losses and other financial assets, net, other general and administrative expenses, reversal of impairment charge for investments, net, and depreciation of property, equipment and right of use assets, and partially offset by an increase in salaries and employee related expenses, other operating expenses, and rent and premises-related expenses. Total operating income decrease was due to a decrease in net special commission income, exchange income, net, fee and commission income net, and increase in losses on disposal of non-trading investments, net, partially offset by an increase in trading income, net, other operating income, and dividend income. |
| 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 decreased by 50.8% mainly due to lower impairment charge for credit losses and other financial assets, net, and reversal of impairment charge for investments, 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 | None |
| Additional Information | Basic and diluted earnings per share for the period ended 31 March 2025 are calculated on a weighted average basis by dividing the net income adjusted for Tier 1 sukuk costs for the period, by 2,995 million shares (2024: 2,995 million shares), after excluding treasury shares |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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