Financial Results : SAB’s 9M 2025 net profit rises to SAR 6.41B; Q3 at SAR 2.14B

SAB’s 9M 2025 net profit rises to SAR 6.41B; Q3 at SAR 2.14B

23/10/2025 Argaam Exclusive

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Saudi Awwal Bank (SAB) reported a net profit of SAR 6.41 billion for the first nine months of 2025, a jump of 8% from SAR 5.94 billion in the year-earlier period.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Net Special Commission Income 8,203.12 8,542.33 4.1 %
Operating Income 10,466.80 11,110.19 6.1 %
Total Provisions (498.32) (439.78) 11.7 %
Net Income 5,944.45 6,405.47 7.8 %
Average Shares 2,054.79 2,054.79 -
Earnings Per Share before unusual items (Riyals) 2.89 3.18 9.8 %
EPS (Riyal) 2.89 3.12 7.8 %
EPS Diluted (Riyal) 2.78 2.93 5.3 %

The bank’s positive performance was driven by a 9% year-on-year (YoY) in gross special commission income primarily due to volume growth in loan and investment portfolio. However, net special commission income (NSCI) was only higher by 4%, as special commission expenses grew reflecting increased interbank borrowing costs and a greater share of term deposits bearing special commission expenses.

 

Total operating income increased mainly due to higher NSCI, gain on FVOCI debt instruments, gain on amortized cost investments, net fee and commission income partially offset by a decrease in exchange income (due to one-off item).

 

Net provision for expected credit losses decreased by SAR 61 million or 12% as higher impairment charges on loans and advances were more than offset by higher recoveries.

 

Operating expenses increased, mainly driven by higher depreciation and amortization—stemming from recent software capitalization linked to digital capability investments—and higher salaries and employee-related costs, partly offset by lower general and administrative expenses.
 
Meanwhile, the bank reported a decrease in the share of earnings from an associate, mainly attributed to lower operating income from institutional business and higher operating expenses from increased inter-group recharges.


Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Net Special Commission Income 2,761.23 2,856.41 3.4 %
Operating Income 3,527.77 3,769.12 6.8 %
Debt Provisions (306.48) (82.24) 73.2 %
Net Income 1,883.17 2,143.58 13.8 %
Average Shares 2,054.79 2,054.79 -
Earnings Per Share before unusual items (Riyal) 0.92 1.10 20.2 %
EPS (Riyal) 0.92 1.04 13.8 %
EPS Diluted (Riyal) 0.88 0.98 11.6 %

Q3 2025 net profit stood at SAR 2.14 billion, up 14% from SAR 1.88 billion a year earlier.

 

On a sequential basis, net earnings grew slightly by 0.8% from SAR 2.12 billion.

Balance Sheet (B)

Item 9m 2024 9m 2025 Change‬
Assets 396.51 445.45 12.3 %
Customer Deposits 276.41 315.07 14.0 %
Loan 252.40 292.91 16.0 %

Total shareholders’ equity (no minority interest) stood at SAR 65.65 billion by Sept. 30, 2025, compared to SAR 61.34 billion a year earlier.

 

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