SNB profit rises 18% to SAR 12.16B in H1 2025; Q2 at SAR 6.14B

21/07/2025 Argaam Exclusive

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Saudi National Bank (SNB) reported a net profit of SAR 12.16 billion in H1 2025, a rise of 18%, from SAR 10.27 billion in the year-earlier period.

Financials (M)

Item	6m 2024	6m 2025	Change‬
Net Special Commission Income	13,964.00	14,341.00	2.7 %
Operating Income	17,856.00	19,122.00	7.1 %
Total Provisions	(775.00)	139.00	117.9 %
Net Income	10,270.00	12,159.00	18.4 %
Average Shares	6,000.00	6,000.00	-
Earnings Per Share before unusual items (Riyals)	1.71	2.03	18.4 %
EPS (Riyal)	1.71	2.03	18.4 %
EPS Diluted (Riyal)	1.66	1.95	17.5 %

The bank said that the rise in net profit was mainly attributed to a 5.6% year-on-year (YoY) increase in income from financing and investments, reaching SAR 29.5 billion, driven by a 3.3% rise in financing income and a 13.4% increase in investment income.

In addition, total operating income increased by 7.1% YoY, reaching SAR 19.1 billion, supported by a 2.7% increase in net income from financing and investments, a 13.2% increase in banking services fees, a 20.8% rise in net foreign exchange income, and a 28.7% increase in total investment income.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2024	Q2 2025	Change‬
Net Special Commission Income	7,052.00	7,087.00	0.5 %
Operating Income	8,916.00	9,507.00	6.6 %
Debt Provisions	(120.00)	173.00	244.2 %
Net Income	5,231.00	6,137.00	17.3 %
Average Shares	6,000.00	6,000.00	-
Earnings Per Share before unusual items (Riyal)	0.87	1.02	17.3 %
EPS (Riyal)	0.87	1.02	17.3 %
EPS Diluted (Riyal)	0.84	0.99	17.9 %

Item	Q1 2025	Q2 2025	Change‬
Net Special Commission Income	7,253.89	7,087.00	(2.3 %)
Operating Income	9,614.57	9,507.00	(1.1 %)
Debt Provisions	(34.00)	173.00	608.8 %
Net Income	6,021.90	6,137.00	1.9 %
Average Shares	6,000.00	6,000.00	-
Earnings Per Share before unusual items (Riyal)	1.00	1.02	1.9 %
EPS (Riyal)	1.00	1.02	1.9 %
EPS Diluted (Riyal)	0.96	0.99	3.1 %

Moreover, net expected credit loss provisions plunged 117.9% YoY, due to improved asset quality and higher recovery levels.

The second-quarter net profit jumped 17% to SAR 6.14 billion from SAR 5.23 billion in Q2 2024.

Compared to Q1 2025, the bank’s net profit grew 1.9% from SAR 6.02 billion on higher income from financing and investments.

Balance Sheet (B)

Item	6m 2024	6m 2025	Change‬
Assets	1,088.11	1,201.00	10.4 %
Customer Deposits	632.69	658.68	4.1 %
Loan	637.24	714.84	12.2 %

Shareholders’ equity, after minority interest and Sukuk, increased to SAR 174.36 billion as of June 30, 2025, from SAR 164.01 billion a year earlier.

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The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Company	Estimated	Actual	Change
SAB	2,145.25	2,127.00	(0.9 %)
RIBL	2,480.75	2,596.62	4.5 %
BSF	1,341.50	1,403.00	4.4 %
SIPCHEM	45.70	(169.20)	(127.0 %)
SNB	5,871.00	6,137.00	4.3 %
ALRAJHI	6,014.25	6,151.00	2.2 %
ALDREES	103.67	99.70	(4.0 %)
ADVANCED	77.25	82.00	5.8 %
JARIR	176.77	197.20	10.4 %
EXTRA	105.20	107.00	1.7 %

Company	Estimated	Actual	Change
SAB	2,145.25	2,127.00	(0.9 %)
RIBL	2,480.75	2,596.62	4.5 %
BSF	1,341.50	1,403.00	4.4 %
SIPCHEM	45.70	1.80	(2439.0 %)
SNB	5,871.00	6,137.00	4.3 %
ALRAJHI	6,014.25	6,151.00	2.2 %
ALDREES	103.67	99.70	(4.0 %)
ADVANCED	77.25	82.00	5.8 %
JARIR	176.77	197.20	10.4 %
EXTRA	105.20	107.00	1.7 %

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