ANB logs 7% profit hike to SAR 2.6B in H1 2025; Q2 at SAR 1.3B

The annual hike in the six-month net profit was mainly due to a 6.09% year-on-year (YoY) rise in special commission income. This was driven by a 15.38% growth in the net loan and advances portfolio and an 11.14% increase in net investments for the same period.

For the six-month period, the Saudi-listed bank also recorded higher net special commission income, fee and commission income, net gains from financial instruments measured at fair value through profit or loss (FVTPL), dividend income, and foreign exchange (FX) gains.

Further, building-related expenses declined YoY by the end of H1 2025.

This positive performance, however, was partially offset by elevated operating expenses, including wages and employee-related costs. This besides a wider provision for expected credit losses (ECL) and other provisions, coupled with increased general and administrative (G&A) expenses as well as depreciation and amortization.

The rise in H1 2025 provisions was linked to portfolio growth and macroeconomic assumptions, following the methodology of International Financial Reporting Standard (IFRS) 9, reflecting a proactive strategy aimed at strengthening the bank’s fiscal position.

Also, in H1 2025, ANB saw lower net gains from the sale of non-trade investments, alongside weaker other operating income and trading income.

In Q2 2025, ANB’s net profit climbed by 9% to SAR 1.3 billion, from SAR 1.23 billion in the same period last year, thanks to a 9.76% YoY hike in special commission income.

On a sequential basis, the three-month bottom line also soared 2.5%.

Shareholders’ equity, after minority interest and sukuk, increased to SAR 39.68 billion as of June 30, 2025, from SAR 36.88 billion a year earlier.

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