Al Rajhi Bank profit rises 34% to SAR 5.91B in Q1 2025

22/04/2025 Argaam Exclusive

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Al Rajhi Bank's net profit reached SAR 5.91 billion in Q1 2025, up 34% compared to SAR 4.41 billion a year earlier.

Current Quarter Comparison (M)

Compared With The

Item	Q1 2024	Q1 2025	Change‬
Net Income from investments and financial activities	5,646.87	7,097.12	25.7 %
Operating Income	7,229.11	9,200.15	27.3 %
Debt Provisions	(407.13)	(509.81)	(25.2 %)
Net Income	4,404.76	5,906.04	34.1 %
Average Shares	4,000.00	4,000.00	-
Earnings Per Share before unusual items (Riyals)	1.10	1.48	34.1 %
EPS (Riyals)	1.10	1.48	34.1 %
EPS Diluted (Riyal)	1.05	1.41	34.7 %

Item	Q4 2024	Q1 2025	Change‬
Net Income from investments and financial activities	6,941.47	7,097.12	2.2 %
Operating Income	8,750.09	9,200.15	5.1 %
Debt Provisions	(561.38)	(509.81)	9.2 %
Net Income	5,515.83	5,906.04	7.1 %
Average Shares	4,000.00	4,000.00	-
Earnings Per Share before unusual items (Riyals)	1.38	1.48	7.1 %
EPS (Riyals)	1.38	1.48	7.1 %
EPS Diluted (Riyal)	1.29	1.41	9.3 %

The profit increase was driven by a 27.3% hike in gross operating income for the first quarter of this year. This was mainly due to higher net financing and investment income, banking services fees, other operating income, and foreign exchange gains.

Additionally, net financing and investment income grew by 25.7% during the three-month period, supported by the elevated gross financing and investment income, which was partially offset by higher returns on financing and investments.

On the other hand, gross operating expenses, including the provision for credit losses, increased by 12.9% in Q1 2025. This was because of the soaring depreciation expenses, salaries and employee benefits, and other general and administrative expenses.

Additionally, the provision for expected credit losses expanded by 24.6% to SAR 525 million in Q1 2025, from SAR 421 million in Q1 2024. This was due to a 46.7% rise in total additions, alongside a 73.9% surge in recoveries from written-off loans in Q1 2025, compared to the year-ago period.

Sequentially, the first-quarter bottom line grew by 7.1% from SAR 5.51 billion in Q4 2024.

Balance Sheet (B)

Item	3m 2024	3m 2025	Change‬
Assets	835.99	1,023.08	22.4 %
Customer Deposits	603.98	629.23	4.2 %
Financing Investments	608.99	722.79	18.7 %

Shareholders’ equity, after minority interest and sukuk, stood at SAR 105 billion by the end of Q1 2025, compared to SAR 90 billion in the year-earlier period.

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Financial results (Million)

Period	Net Income from investments and financial activities	Change	Operating Income	Change	Debt Provisions	Change
Q1 2016	2,574.33	4.5 %	3,695.05	8.0 %	(537.49)	(3.0 %)
Q2 2016	2,780.55	10.6 %	3,923.66	11.0 %	(555.28)	(18.8 %)
Q3 2016	2,914.48	16.8 %	3,877.85	21.4 %	(541.44)	(28.9 %)
Q4 2016	2,921.23	17.5 %	3,812.32	6.1 %	(508.04)	7.4 %
2016	11,223.09	12.7 %	15,341.38	11.6 %	(2,142.24)	(9.4 %)
Q1 2017	2,885.74	12.1 %	3,853.09	4.3 %	(372.41)	30.7 %
Q2 2017	2,954.42	6.3 %	3,876.96	(1.2 %)	(405.29)	27.0 %
Q3 2017	3,032.11	4.0 %	3,976.36	2.5 %	(409.88)	24.3 %
Q4 2017	3,157.15	8.1 %	4,198.45	10.1 %	(360.00)	29.1 %
2017	12,029.42	7.2 %	15,904.85	3.7 %	(1,547.58)	27.8 %
Q1 2018	3,441.33	19.3 %	4,142.41	7.5 %	(450.43)	(21.0 %)
Q2 2018	3,551.95	20.2 %	4,288.07	10.6 %	(333.22)	17.8 %
Q3 2018	3,682.34	21.4 %	4,383.35	10.2 %	(417.26)	(1.8 %)
Q4 2018	3,811.37	20.7 %	4,505.69	7.3 %	(330.03)	8.3 %
2018	14,486.99	20.4 %	17,319.52	8.9 %	(1,530.95)	1.1 %
Q1 2019	3,943.96	14.6 %	4,638.94	12.0 %	(389.42)	13.5 %
Q2 2019	4,060.69	14.3 %	4,861.11	13.4 %	(385.63)	(15.7 %)
Q3 2019	4,163.61	13.1 %	4,981.23	13.6 %	(332.27)	20.4 %
Q4 2019	4,259.46	11.8 %	5,003.18	11.0 %	(664.95)	(101.5 %)
2019	16,427.72	13.4 %	19,484.46	12.5 %	(1,772.27)	(15.8 %)
Q1 2020	4,110.48	4.2 %	4,967.56	7.1 %	(692.81)	(77.9 %)
Q2 2020	3,967.69	(2.3 %)	4,807.76	(1.1 %)	(457.96)	(18.8 %)
Q3 2020	4,196.45	0.8 %	5,152.13	3.4 %	(464.94)	(39.9 %)
Q4 2020	4,638.39	8.9 %	5,793.81	15.8 %	(550.04)	17.3 %
2020	16,913.02	3.0 %	20,721.26	6.3 %	(2,165.74)	(22.2 %)
Q1 2021	4,770.55	16.1 %	5,947.58	19.7 %	(576.99)	16.7 %
Q2 2021	5,051.78	27.3 %	6,336.32	31.8 %	(583.97)	(27.5 %)
Q3 2021	5,214.76	24.3 %	6,577.68	27.7 %	(593.81)	(27.7 %)
Q4 2021	5,354.85	15.4 %	6,854.82	18.3 %	(590.32)	(7.3 %)
2021	20,391.94	20.6 %	25,716.40	24.1 %	(2,345.09)	(8.3 %)
Q1 2022	5,340.17	11.9 %	6,956.56	17.0 %	(578.31)	(0.2 %)
Q2 2022	5,566.76	10.2 %	7,147.86	12.8 %	(580.42)	0.6 %
Q3 2022	5,687.02	9.1 %	7,206.46	9.6 %	(489.96)	17.5 %
Q4 2022	5,578.73	4.2 %	7,264.14	6.0 %	(352.58)	40.3 %
2022	22,172.69	8.7 %	28,575.02	11.1 %	(2,001.26)	14.7 %
Q1 2023	5,125.26	(4.0 %)	6,780.62	(2.5 %)	(358.78)	38.0 %
Q2 2023	5,193.67	(6.7 %)	6,827.45	(4.5 %)	(360.39)	37.9 %
Q3 2023	5,400.64	(5.0 %)	6,872.51	(4.6 %)	(379.40)	22.6 %
Q4 2023	5,549.55	(0.5 %)	7,050.83	(2.9 %)	(405.61)	(15.0 %)
2023	21,269.12	(4.1 %)	27,531.41	(3.7 %)	(1,504.18)	24.8 %
Q1 2024	5,646.87	10.2 %	7,229.11	6.6 %	(407.13)	(13.5 %)
Q2 2024	5,857.47	12.8 %	7,637.00	11.9 %	(456.43)	(26.6 %)
Q3 2024	6,397.24	18.5 %	8,439.10	22.8 %	(712.26)	(87.7 %)
Q4 2024	6,941.47	25.1 %	8,750.09	24.1 %	(561.38)	(38.4 %)
2024	24,843.05	16.8 %	32,055.30	16.4 %	(2,137.20)	(42.1 %)
Q1 2025	7,097.12	25.7 %	9,200.15	27.3 %	(509.81)	(25.2 %)

Period	Net Income from investments and financial activities	Change	Operating Income	Change	Debt Provisions	Change
2015	9,958.94	1.4 %	13,745.78	0.6 %	(1,958.03)	15.3 %
2016	11,223.09	12.7 %	15,341.38	11.6 %	(2,142.24)	(9.4 %)
2017	12,029.42	7.2 %	15,904.85	3.7 %	(1,547.58)	27.8 %
2018	14,486.99	20.4 %	17,319.52	8.9 %	(1,530.95)	1.1 %
2019	16,427.72	13.4 %	19,484.46	12.5 %	(1,772.27)	(15.8 %)
2020	16,913.02	3.0 %	20,721.26	6.3 %	(2,165.74)	(22.2 %)
2021	20,391.94	20.6 %	25,716.40	24.1 %	(2,345.09)	(8.3 %)
2022	22,172.69	8.7 %	28,575.02	11.1 %	(2,001.26)	14.7 %
2023	21,269.12	(4.1 %)	27,531.41	(3.7 %)	(1,504.18)	24.8 %
2024	24,843.05	16.8 %	32,055.30	16.4 %	(2,137.20)	(42.1 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	Earnings Per Share before unusual items
Q1 2016	2,017.27	32.8 %	0.50	-	2,017.27	0.50
Q2 2016	2,051.93	5.7 %	0.51	-	2,051.93	0.51
Q3 2016	2,009.49	16.7 %	0.50	-	2,009.49	0.50
Q4 2016	2,047.27	5.1 %	0.51	-	2,047.27	0.51
2016	8,125.96	14.0 %	2.03	-	8,125.96	2.03
Q1 2017	2,220.90	10.1 %	0.56	-	2,220.90	0.56
Q2 2017	2,181.65	6.3 %	0.55	-	2,181.65	0.55
Q3 2017	2,265.21	12.7 %	0.57	-	2,265.21	0.57
Q4 2017	2,452.97	19.8 %	0.61	-	2,452.97	0.61
2017	9,120.73	12.2 %	2.28	-	9,120.73	2.28
Q1 2018	2,306.28	3.8 %	0.58	-	2,306.28	0.58
Q2 2018	2,474.22	13.4 %	0.62	-	2,474.22	0.62
Q3 2018	2,515.98	11.1 %	0.63	-	2,515.98	0.63
Q4 2018	(3528.54)	(243.8 %)	(0.88)	(5405.27)	1,876.74	0.47
2018	3,767.95	(58.7 %)	0.94	(5405.27)	9,173.22	2.29
Q1 2019	2,567.99	11.3 %	0.64	-	2,567.99	0.64
Q2 2019	2,533.91	2.4 %	0.63	-	2,533.91	0.63
Q3 2019	2,738.82	8.9 %	0.68	-	2,738.82	0.68
Q4 2019	2,317.81	165.7 %	0.58	-	2,317.81	0.58
2019	10,158.53	169.6 %	2.54	-	10,158.53	2.54
Q1 2020	2,380.15	(7.3 %)	0.60	-	2,380.15	0.60
Q2 2020	2,436.10	(3.9 %)	0.61	-	2,436.10	0.61
Q3 2020	2,657.85	(3.0 %)	0.66	-	2,657.85	0.66
Q4 2020	3,121.45	34.7 %	0.78	-	3,121.45	0.78
2020	10,595.55	4.3 %	2.65	-	10,595.55	2.65
Q1 2021	3,335.49	40.1 %	0.83	-	3,335.49	0.83
Q2 2021	3,604.69	48.0 %	0.90	-	3,604.69	0.90
Q3 2021	3,793.75	42.7 %	0.95	-	3,793.75	0.95
Q4 2021	4,012.29	28.5 %	1.00	-	4,012.29	1.00
2021	14,746.21	39.2 %	3.69	-	14,746.21	3.69
Q1 2022	4,133.55	23.9 %	1.03	-	4,133.55	1.03
Q2 2022	4,258.30	18.1 %	1.06	-	4,258.30	1.06
Q3 2022	4,354.64	14.8 %	1.09	-	4,354.64	1.09
Q4 2022	4,404.33	9.8 %	1.10	-	4,404.33	1.10
2022	17,150.83	16.3 %	4.29	-	17,150.83	4.29
Q1 2023	4,145.17	0.3 %	1.04	-	4,145.17	1.04
Q2 2023	4,150.06	(2.5 %)	1.04	-	4,150.06	1.04
Q3 2023	4,155.30	(4.6 %)	1.04	-	4,155.30	1.04
Q4 2023	4,170.62	(5.3 %)	1.04	-	4,170.62	1.04
2023	16,621.16	(3.1 %)	4.16	-	16,621.16	4.16
Q1 2024	4,404.76	6.3 %	1.10	-	4,404.76	1.10
Q2 2024	4,698.18	13.2 %	1.17	-	4,698.18	1.17
Q3 2024	5,103.43	22.8 %	1.28	-	5,103.43	1.28
Q4 2024	5,515.83	32.3 %	1.38	-	5,515.83	1.38
2024	19,722.21	18.7 %	4.93	-	19,722.21	4.93
Q1 2025	5,906.04	34.1 %	1.48	-	5,906.04	1.48

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	Earnings Per Share before unusual items
2015	7,130.08	4.3 %	1.78	-	7,130.08	1.78
2016	8,125.96	14.0 %	2.03	-	8,125.96	2.03
2017	9,120.73	12.2 %	2.28	-	9,120.73	2.28
2018	3,767.95	(58.7 %)	0.94	(5405.27)	9,173.22	2.29
2019	10,158.53	169.6 %	2.54	-	10,158.53	2.54
2020	10,595.55	4.3 %	2.65	-	10,595.55	2.65
2021	14,746.21	39.2 %	3.69	-	14,746.21	3.69
2022	17,150.83	16.3 %	4.29	-	17,150.83	4.29
2023	16,621.16	(3.1 %)	4.16	-	16,621.16	4.16
2024	19,722.21	18.7 %	4.93	-	19,722.21	4.93

Profitability

Period	Return On Average Assets	Return on Average Equity	Net Profit/Investment Income & Other Financing Operations
Q1 2016	2.37 %	17.11 %	73.30 %
Q2 2016	2.35 %	16.62 %	72.26 %
Q3 2016	2.45 %	16.95 %	71.49 %
Q4 2016	2.48 %	16.49 %	69.15 %
2016	2.48 %	16.49 %	69.15 %
Q1 2017	2.52 %	16.92 %	68.98 %
Q2 2017	2.50 %	16.48 %	68.88 %
Q3 2017	2.61 %	16.90 %	70.37 %
Q4 2017	2.67 %	16.94 %	72.50 %
2017	2.67 %	16.94 %	72.50 %
Q1 2018	2.69 %	18.07 %	70.20 %
Q2 2018	2.74 %	17.86 %	69.40 %
Q3 2018	2.81 %	18.51 %	68.09 %
Q4 2018	1.07 %	7.24 %	25.13 %
2018	1.07 %	7.24 %	25.13 %
Q1 2019	1.13 %	7.95 %	25.96 %
Q2 2019	1.14 %	7.97 %	25.50 %
Q3 2019	1.19 %	8.56 %	26.12 %
Q4 2019	2.72 %	20.42 %	59.89 %
2019	2.72 %	20.42 %	59.89 %
Q1 2020	2.64 %	19.83 %	58.21 %
Q2 2020	2.51 %	19.41 %	57.98 %
Q3 2020	2.45 %	18.89 %	57.50 %
Q4 2020	2.48 %	19.39 %	60.97 %
2020	2.48 %	19.39 %	60.97 %
Q1 2021	2.56 %	21.23 %	64.03 %
Q2 2021	2.64 %	22.79 %	66.24 %
Q3 2021	2.74 %	23.38 %	67.76 %
Q4 2021	2.70 %	23.52 %	68.77 %
2021	2.70 %	23.52 %	68.77 %
Q1 2022	2.66 %	23.72 %	69.34 %
Q2 2022	2.58 %	23.98 %	68.48 %
Q3 2022	2.53 %	23.40 %	65.92 %
Q4 2022	2.48 %	22.72 %	60.82 %
2022	2.48 %	22.72 %	60.82 %
Q1 2023	2.40 %	22.20 %	55.22 %
Q2 2023	2.28 %	21.04 %	50.32 %
Q3 2023	2.19 %	20.38 %	46.09 %
Q4 2023	2.12 %	19.11 %	42.91 %
2023	2.12 %	19.11 %	42.91 %
Q1 2024	2.09 %	19.60 %	41.40 %
Q2 2024	2.11 %	19.30 %	40.80 %
Q3 2024	2.16 %	20.34 %	40.93 %
Q4 2024	2.21 %	20.79 %	41.95 %
2024	2.21 %	20.79 %	41.95 %
Q1 2025	2.28 %	21.82 %	42.97 %

Period	Return On Average Assets	Return on Average Equity	Net Profit/Investment Income & Other Financing Operations
2015	2.29 %	16.11 %	69.50 %
2016	2.48 %	16.49 %	69.15 %
2017	2.67 %	16.94 %	72.50 %
2018	1.07 %	7.24 %	25.13 %
2019	2.72 %	20.42 %	59.89 %
2020	2.48 %	19.39 %	60.97 %
2021	2.70 %	23.52 %	68.77 %
2022	2.48 %	22.72 %	60.82 %
2023	2.12 %	19.11 %	42.91 %
2024	2.21 %	20.79 %	41.95 %

Balance Sheet (B)

Period	Assets	Change	Customer Deposits	Change	Financing Investments	Change
Q1 2016	323.30	0.9 %	266.42	(0.8 %)	216.39	5.5 %
Q2 2016	331.38	1.3 %	272.65	1.2 %	224.52	6.6 %
Q3 2016	330.52	1.6 %	272.60	0.4 %	225.86	7.6 %
Q4 2016	339.71	7.6 %	272.59	5.7 %	224.99	7.0 %
Q1 2017	337.23	4.3 %	271.29	1.8 %	229.42	6.0 %
Q2 2017	345.60	4.3 %	285.39	4.7 %	232.80	3.7 %
Q3 2017	338.03	2.3 %	270.10	(0.9 %)	233.18	3.2 %
Q4 2017	343.12	1.0 %	273.06	0.2 %	233.54	3.8 %
Q1 2018	348.43	3.3 %	283.94	4.7 %	228.23	(0.5 %)
Q2 2018	347.59	0.6 %	280.39	(1.8 %)	226.54	(2.7 %)
Q3 2018	355.58	5.2 %	288.84	6.9 %	232.02	(0.5 %)
Q4 2018	364.03	6.1 %	293.91	7.6 %	231.76	(0.8 %)
Q1 2019	363.05	4.2 %	293.50	3.4 %	234.83	2.9 %
Q2 2019	369.20	6.2 %	300.56	7.2 %	238.50	5.3 %
Q3 2019	367.87	3.5 %	298.81	3.5 %	244.59	5.4 %
Q4 2019	384.09	5.5 %	312.41	6.3 %	249.68	7.7 %
Q1 2020	391.90	7.9 %	315.66	7.5 %	261.39	11.3 %
Q2 2020	417.68	13.1 %	334.66	11.3 %	274.93	15.3 %
Q3 2020	430.30	17.0 %	345.32	15.6 %	289.73	18.5 %
Q4 2020	468.82	22.1 %	382.63	22.5 %	315.71	26.4 %
Q1 2021	512.23	30.7 %	421.27	33.5 %	356.14	36.3 %
Q2 2021	546.14	30.8 %	447.51	33.7 %	390.30	42.0 %
Q3 2021	582.66	35.4 %	478.33	38.5 %	420.95	45.3 %
Q4 2021	623.64	33.0 %	512.07	33.8 %	452.83	43.4 %
Q1 2022	657.34	28.3 %	507.89	20.6 %	484.53	36.0 %
Q2 2022	709.28	29.9 %	552.96	23.6 %	519.70	33.2 %
Q3 2022	739.96	27.0 %	555.77	16.2 %	557.50	32.4 %
Q4 2022	761.62	22.1 %	564.92	10.3 %	568.34	25.5 %
Q1 2023	775.80	18.0 %	556.20	9.5 %	577.01	19.1 %
Q2 2023	783.93	10.5 %	570.67	3.2 %	579.08	11.4 %
Q3 2023	800.80	8.2 %	565.72	1.8 %	590.83	6.0 %
Q4 2023	808.10	6.1 %	573.10	1.4 %	594.20	4.6 %
Q1 2024	835.99	7.8 %	603.98	8.6 %	608.99	5.5 %
Q2 2024	866.96	10.6 %	622.57	9.1 %	621.89	7.4 %
Q3 2024	902.57	12.7 %	622.57	10.0 %	649.02	9.9 %
Q4 2024	974.39	20.6 %	628.24	9.6 %	693.41	16.7 %
Q1 2025	1,023.08	22.4 %	629.23	4.2 %	722.79	18.7 %

Period	Assets	Change	Customer Deposits	Change	Financing Investments	Change
3m 2016	323.30	0.9 %	266.42	(0.8 %)	216.39	5.5 %
6m 2016	331.38	1.3 %	272.65	1.2 %	224.52	6.6 %
9m 2016	330.52	1.6 %	272.60	0.4 %	225.86	7.6 %
12m 2016	339.71	7.6 %	272.59	5.7 %	224.99	7.0 %
3m 2017	337.23	4.3 %	271.29	1.8 %	229.42	6.0 %
6m 2017	345.60	4.3 %	285.39	4.7 %	232.80	3.7 %
9m 2017	338.03	2.3 %	270.10	(0.9 %)	233.18	3.2 %
12m 2017	343.12	1.0 %	273.06	0.2 %	233.54	3.8 %
3m 2018	348.43	3.3 %	283.94	4.7 %	228.23	(0.5 %)
6m 2018	347.59	0.6 %	280.39	(1.8 %)	226.54	(2.7 %)
9m 2018	355.58	5.2 %	288.84	6.9 %	232.02	(0.5 %)
12m 2018	364.03	6.1 %	293.91	7.6 %	231.76	(0.8 %)
3m 2019	363.05	4.2 %	293.50	3.4 %	234.83	2.9 %
6m 2019	369.20	6.2 %	300.56	7.2 %	238.50	5.3 %
9m 2019	367.87	3.5 %	298.81	3.5 %	244.59	5.4 %
12m 2019	384.09	5.5 %	312.41	6.3 %	249.68	7.7 %
3m 2020	391.90	7.9 %	315.66	7.5 %	261.39	11.3 %
6m 2020	417.68	13.1 %	334.66	11.3 %	274.93	15.3 %
9m 2020	430.30	17.0 %	345.32	15.6 %	289.73	18.5 %
12m 2020	468.82	22.1 %	382.63	22.5 %	315.71	26.4 %
3m 2021	512.23	30.7 %	421.27	33.5 %	356.14	36.3 %
6m 2021	546.14	30.8 %	447.51	33.7 %	390.30	42.0 %
9m 2021	582.66	35.4 %	478.33	38.5 %	420.95	45.3 %
12m 2021	623.64	33.0 %	512.07	33.8 %	452.83	43.4 %
3m 2022	657.34	28.3 %	507.89	20.6 %	484.53	36.0 %
6m 2022	709.28	29.9 %	552.96	23.6 %	519.70	33.2 %
9m 2022	739.96	27.0 %	555.77	16.2 %	557.50	32.4 %
12m 2022	761.62	22.1 %	564.92	10.3 %	568.34	25.5 %
3m 2023	775.80	18.0 %	556.20	9.5 %	577.01	19.1 %
6m 2023	783.93	10.5 %	570.67	3.2 %	579.08	11.4 %
9m 2023	800.80	8.2 %	565.72	1.8 %	590.83	6.0 %
12m 2023	808.10	6.1 %	573.10	1.4 %	594.20	4.6 %
3m 2024	835.99	7.8 %	603.98	8.6 %	608.99	5.5 %
6m 2024	866.96	10.6 %	622.57	9.1 %	621.89	7.4 %
9m 2024	902.57	12.7 %	622.57	10.0 %	649.02	9.9 %
12m 2024	974.39	20.6 %	628.24	9.6 %	693.41	16.7 %
3m 2025	1,023.08	22.4 %	629.23	4.2 %	722.79	18.7 %

Period	Assets	Change	Customer Deposits	Change	Financing Investments	Change
2015	315.62	2.6 %	257.82	0.7 %	210.22	2.1 %
2016	339.71	7.6 %	272.59	5.7 %	224.99	7.0 %
2017	343.12	1.0 %	273.06	0.2 %	233.54	3.8 %
2018	364.03	6.1 %	293.91	7.6 %	231.76	(0.8 %)
2019	384.09	5.5 %	312.41	6.3 %	249.68	7.7 %
2020	468.82	22.1 %	382.63	22.5 %	315.71	26.4 %
2021	623.64	33.0 %	512.07	33.8 %	452.83	43.4 %
2022	761.62	22.1 %	564.92	10.3 %	568.34	25.5 %
2023	808.10	6.1 %	573.10	1.4 %	594.20	4.6 %
2024	974.39	20.6 %	628.24	9.6 %	693.41	16.7 %

Ratios

Period	Customer Deposits Per Total Assets	Financing Investments/Customer Deposits	Financing Investments/Total Assets
Q1 2016	82.41 %	81.22 %	66.93 %
Q2 2016	82.28 %	82.35 %	67.75 %
Q3 2016	82.48 %	82.86 %	68.34 %
Q4 2016	80.24 %	82.54 %	66.23 %
Q1 2017	80.45 %	84.57 %	68.03 %
Q2 2017	82.58 %	81.57 %	67.36 %
Q3 2017	79.90 %	86.33 %	68.98 %
Q4 2017	79.58 %	85.53 %	68.06 %
Q1 2018	81.49 %	80.38 %	65.50 %
Q2 2018	80.67 %	80.80 %	65.18 %
Q3 2018	81.23 %	80.33 %	65.25 %
Q4 2018	80.74 %	78.85 %	63.66 %
Q1 2019	80.84 %	80.01 %	64.68 %
Q2 2019	81.41 %	79.35 %	64.60 %
Q3 2019	81.23 %	81.85 %	66.49 %
Q4 2019	81.34 %	79.92 %	65.01 %
Q1 2020	80.55 %	82.81 %	66.70 %
Q2 2020	80.12 %	82.15 %	65.82 %
Q3 2020	80.25 %	83.90 %	67.33 %
Q4 2020	81.61 %	82.51 %	67.34 %
Q1 2021	82.24 %	84.54 %	69.53 %
Q2 2021	81.94 %	87.22 %	71.46 %
Q3 2021	82.09 %	88.00 %	72.25 %
Q4 2021	82.11 %	88.43 %	72.61 %
Q1 2022	77.26 %	95.40 %	73.71 %
Q2 2022	77.96 %	93.99 %	73.27 %
Q3 2022	75.11 %	100.31 %	75.34 %
Q4 2022	74.17 %	100.60 %	74.62 %
Q1 2023	71.69 %	103.74 %	74.38 %
Q2 2023	72.80 %	101.47 %	73.87 %
Q3 2023	70.64 %	104.44 %	73.78 %
Q4 2023	70.92 %	103.68 %	73.53 %
Q1 2024	72.25 %	100.83 %	72.85 %
Q2 2024	71.81 %	99.89 %	71.73 %
Q3 2024	68.98 %	104.25 %	71.91 %
Q4 2024	64.48 %	110.37 %	71.16 %
Q1 2025	61.50 %	114.87 %	70.65 %

Period	Customer Deposits Per Total Assets	Financing Investments/Customer Deposits	Financing Investments/Total Assets
2015	81.69 %	81.54 %	66.60 %
2016	80.24 %	82.54 %	66.23 %
2017	79.58 %	85.53 %	68.06 %
2018	80.74 %	78.85 %	63.66 %
2019	81.34 %	79.92 %	65.01 %
2020	81.61 %	82.51 %	67.34 %
2021	82.11 %	88.43 %	72.61 %
2022	74.17 %	100.60 %	74.62 %
2023	70.92 %	103.68 %	73.53 %
2024	64.48 %	110.37 %	71.16 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Earnings Per Share before unusual items (Riyal)	EPS Diluted (Riyal)	Book Value (BV)
Q1 2016	4,000.00	1.91	1.91	-	11.75
Q2 2016	4,000.00	1.93	1.93	-	12.26
Q3 2016	4,000.00	2.01	2.01	-	12.45
Q4 2016	4,000.00	2.03	2.03	-	12.99
Q1 2017	4,000.00	2.08	2.08	-	12.86
Q2 2017	4,000.00	2.11	2.11	-	13.40
Q3 2017	4,000.00	2.18	2.18	-	13.34
Q4 2017	4,000.00	2.28	2.28	-	13.94
Q1 2018	4,000.00	2.30	2.30	-	12.61
Q2 2018	4,000.00	2.37	2.37	-	13.20
Q3 2018	4,000.00	2.44	2.44	-	12.99
Q4 2018	4,000.00	0.94	2.29	-	12.08
Q1 2019	4,000.00	1.01	2.36	-	12.74
Q2 2019	4,000.00	1.02	2.37	-	12.45
Q3 2019	4,000.00	1.08	2.43	-	12.19
Q4 2019	4,000.00	2.54	2.54	-	12.80
Q1 2020	4,000.00	2.49	2.49	-	12.40
Q2 2020	4,000.00	2.47	2.47	-	12.98
Q3 2020	4,000.00	2.45	2.45	-	13.73
Q4 2020	4,000.00	2.65	2.65	-	14.53
Q1 2021	4,000.00	2.89	2.89	-	14.81
Q2 2021	4,000.00	3.18	3.18	-	14.92
Q3 2021	4,000.00	3.46	3.46	-	15.90
Q4 2021	4,000.00	3.69	3.69	-	16.82
Q1 2022	4,000.00	3.89	3.89	-	17.97
Q2 2022	4,000.00	4.05	4.05	-	18.85
Q3 2022	4,000.00	4.19	4.19	-	19.90
Q4 2022	4,000.00	4.29	4.29	4.23	20.93
Q1 2023	4,000.00	4.29	4.29	4.19	20.68
Q2 2023	4,000.00	4.26	4.26	4.12	21.67
Q3 2023	4,000.00	4.21	4.21	4.04	21.44
Q4 2023	4,000.00	4.16	4.16	3.95	22.56
Q1 2024	4,000.00	4.22	4.22	4.01	22.38
Q2 2024	4,000.00	4.36	4.36	4.14	23.47
Q3 2024	4,000.00	4.59	4.59	4.37	23.73
Q4 2024	4,000.00	4.93	4.93	4.67	24.87
Q1 2025	4,000.00	5.31	5.31	5.03	26.26

Period	Shares Outstanding (M)	EPS (Riyal)	Earnings Per Share before unusual items (Riyal)	EPS Diluted (Riyal)	Book Value (BV)
2015	4,000.00	1.78	1.78	-	11.66
2016	4,000.00	2.03	2.03	-	12.99
2017	4,000.00	2.28	2.28	-	13.94
2018	4,000.00	0.94	2.29	-	12.08
2019	4,000.00	2.54	2.54	-	12.80
2020	4,000.00	2.65	2.65	-	14.53
2021	4,000.00	3.69	3.69	-	16.82
2022	4,000.00	4.29	4.29	4.24	20.93
2023	4,000.00	4.16	4.16	3.95	22.56
2024	4,000.00	4.93	4.93	4.67	24.87

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2016	11.06	11.06	1.79
Q2 2016	12.28	12.28	1.94
Q3 2016	10.45	10.45	1.69
Q4 2016	12.62	12.62	1.97
Q1 2017	12.46	12.46	2.02
Q2 2017	13.40	13.40	2.12
Q3 2017	12.30	12.30	2.01
Q4 2017	11.52	11.52	1.88
Q1 2018	13.33	13.33	2.43
Q2 2018	14.77	14.77	2.66
Q3 2018	14.66	14.66	2.75
Q4 2018	37.75	15.51	2.94
Q1 2019	43.73	18.68	3.46
Q2 2019	42.62	18.36	3.50
Q3 2019	36.70	16.29	3.25
Q4 2019	16.10	16.10	3.19
Q1 2020	13.49	13.49	2.71
Q2 2020	14.33	14.33	2.73
Q3 2020	16.78	16.78	2.99
Q4 2020	17.37	17.37	3.17
Q1 2021	21.39	21.39	4.17
Q2 2021	21.82	21.82	4.65
Q3 2021	22.12	22.12	4.82
Q4 2021	24.04	24.04	5.27
Q1 2022	25.83	25.83	5.59
Q2 2022	20.37	20.37	4.38
Q3 2022	19.40	19.40	4.09
Q4 2022	17.78	17.78	3.59
Q1 2023	17.54	17.54	3.55
Q2 2023	17.72	17.72	3.37
Q3 2023	16.81	16.81	3.17
Q4 2023	21.90	21.90	3.83
Q1 2024	20.54	20.54	3.68
Q2 2024	19.31	19.31	3.41
Q3 2024	19.95	19.95	3.67
Q4 2024	20.26	20.26	3.80
Q1 2025	20.27	20.27	3.88

Period	P/E	Adjusted P/E	Price/book
2015	11.88	11.88	1.82
2016	12.62	12.62	1.97
2017	11.52	11.52	1.88
2018	37.75	15.51	2.94
2019	16.10	16.10	3.19
2020	17.37	17.37	3.17
2021	24.04	24.04	5.27
2022	17.74	17.74	3.59
2023	21.90	21.90	3.83
2024	20.26	20.26	3.80

Business Segments (Million)

Compared With The

Period	Retail	Corporate and Institutional Banking	Global markets and Treasury	Investment Banking and Brokerage	Others
Q1 2016	2,687.48	387.37	447.63	172.57	-
Q2 2016	2,917.24	409.74	472.94	156.25	-
Q3 2016	2,823.92	605.71	322.21	126.01	-
Q4 2016	2,589.42	591.98	516.81	114.11	-
Q1 2017	2,932.19	689.54	109.86	121.49	-
Q2 2017	2,673.54	438.84	666.59	97.99	-
Q3 2017	2,787.15	602.89	482.72	103.61	-
Q4 2017	3,445.50	578.22	47.58	127.16	-
Q1 2018	2,770.66	580.10	653.28	138.37	-
Q2 2018	2,874.80	573.65	704.21	135.40	-
Q3 2018	2,968.91	575.21	722.65	116.59	-
Q4 2018	3,009.07	586.02	764.00	146.61	-
Q1 2019	3,164.28	638.35	733.97	102.34	-
Q2 2019	3,429.66	618.86	701.17	111.42	-
Q3 2019	3,500.25	627.28	755.75	97.96	-
Q4 2019	3,496.63	647.44	707.46	151.65	-
Q1 2020	3,470.22	631.90	750.56	114.88	-
Q2 2020	3,400.41	488.18	766.88	152.30	-
Q3 2020	2,996.99	740.72	1,155.71	258.72	-
Q4 2020	3,555.06	784.33	1,174.94	279.47	-
Q1 2021	3,500.80	744.34	1,408.57	293.87	-
Q2 2021	3,533.29	749.68	1,795.10	258.25	-
Q3 2021	3,393.98	860.61	2,108.46	214.63	-
Q4 2021	3,622.46	490.01	2,534.96	207.38	-
Q1 2022	3,240.62	909.28	2,546.87	259.81	-
Q2 2022	3,509.87	1,073.54	2,270.14	278.07	-
Q3 2022	3,875.36	1,260.43	1,850.31	220.36	-
Q4 2022	4,791.59	1,374.36	848.81	249.39	-
Q1 2023	4,027.65	1,498.80	946.90	307.27	-
Q2 2023	4,325.35	1,790.54	457.51	254.05	-
Q3 2023	4,481.11	1,879.25	255.57	256.58	-
Q4 2023	4,657.28	2,202.38	(128.75)	319.92	-
Q1 2024	4,572.51	2,152.96	147.14	356.50	-
Q2 2024	4,992.75	1,865.62	442.03	336.60	-
Q3 2024	5,291.92	1,935.27	860.18	351.72	-
Q4 2024	4,937.26	1,859.11	1,544.92	408.80	-
Q1 2025	4,550.49	2,190.73	1,980.94	477.99	-

Period	Retail	Corporate and Institutional Banking	Global markets and Treasury	Investment Banking and Brokerage	Others
2015	10,380.70	1,652.75	1,080.91	631.41	-
2016	11,018.06	1,994.79	1,759.59	568.95	-
2017	11,838.38	2,309.49	1,306.74	450.25	-
2018	11,623.44	2,314.98	2,844.13	536.97	-
2019	13,590.82	2,531.92	2,898.35	463.38	-
2020	13,361.37	2,614.69	3,939.83	805.37	-
2021	14,050.54	2,844.64	7,847.08	974.14	-
2022	15,528.35	4,506.69	7,516.12	1,023.87	-
2023	17,491.40	7,370.97	1,531.24	1,137.81	-
2024	19,794.45	7,812.97	2,994.28	1,453.61	-

Analysts Estimates (Million)

Item	Profit (Expected)	Profit (Actual)	Change‬
Average	5,701.66	5,906.04	3.58 %	5,906.04	3.58 %

Estimates vs Actual (Million)

Item	Q1 2025 (e)	Q1 2025 (net income)	Change
Riyad Capital	5,897.00	5,906.04	0.2 %
SNB Capital	5,792.00	5,906.04	1.9 %
Hermes	5,758.00	5,906.04	2.5 %
Sico	5,732.00	5,906.04	2.9 %
AlJazira Capital	5,669.00	5,906.04	4.0 %
FAB Securities	5,652.00	5,906.04	4.3 %
Value Capital	5,561.29	5,906.04	5.8 %
Citi Bank Group	5,552.00	5,906.04	6.0 %

Financial Ratios

	Current
Market Cap (M)	364,400.00
Shares Outstanding ((M))	4,000.00
EPS ( Riyal) (TTM)	5.31
EPS Diluted ( Riyal) (TTM)	5.03
Book Value (BV) ( Riyal)	26.26
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	17.17
P/E (TTM)	17.17
Price/book	3.47
Return on Average Assets (%) (TTM)	2.3
Return on Average Equity (%) (TTM)	21.8

Al Rajhi Bank (ALRAJHI)

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Al Rajhi Bank profit rises 34% to SAR 5.91B in Q1 2025

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Current Quarter Comparison (M)

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Financial results (Million)

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Profit Performance (Million)

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Profitability

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Per Share Data (Riyal)

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Al Rajhi Bank profit rises 34% to SAR 5.91B in Q1 2025

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Current Quarter Comparison (M)

Balance Sheet (B)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Balance Sheet (B)

Balance Sheet Performance (B)

Ratios

Ratios

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q1 2025

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Al Rajhi Bank (ALRAJHI)

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Business Segments (Million)