Bank Albilad’s H1 2025 profit up 12% to SAR 1.47B; Q2 at SAR 765.8M

Bank Albilad reported a net profit of SAR 1.47 billion in the first half of 2025, a leap of 12% from SAR 1.31 billion in the prior year period.

The first-half net profit was driven by a rise of 9% year-on-year (YoY) in total operating income, which is mainly due to the increase in net income from investing and financing assets, net fee and commission income and net exchange income.

However, dividend income, net gain on fair value through statement of income (FVSI) instruments and other operating income decreased YoY in H1 2025.

Net impairment charge for expected credit losses decreased by 24%, which is mainly due to a decrease in net impairment charge for expected credit losses on financing due to better quality and composition of the portfolio.

On the other hand, total operating expenses increased by 7%, which is mainly due to the increase in other general and administrative expenses, salaries and employee-related benefits and depreciation and amortization. However, net impairment charge for expected credit losses decreased.

In Q2 2025, the bank’s net profit jumped 14% to SAR 765.8 million from SAR 670.8 million in Q2 2024.

Net earnings grew 9.3% from SAR 700.38 million in Q1 2025.

Shareholders’ equity, no minority interest - after sukuk, reached SAR 18.31 billion by June 30, 2025, compared to SAR 15.80 billion in the prior-year period.

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