Agricultural Bank of China (1288) investor relations material

Executive summary

• Net profit for Q1 2026 reached RMB75,580 million, up 4.80% year-over-year, with operating income rising 10.50% to RMB206,345 million.

• Net interest income increased 7.55% to RMB151,196 million; net fee and commission income rose 7.85% to RMB30,208 million.

• Total assets grew 4.60% from year-end 2025 to RMB51,029,331 million; customer deposits increased 5.72% to RMB34,517,455 million.

• Non-performing loan ratio improved to 1.25%, down 0.02 percentage points from year-end 2025.

• Shareholders approved a final cash dividend of RMB1.300 per ten ordinary shares for 2025.

Financial highlights

• Operating income: RMB206,345 million, up 10.50% year-over-year.

• Net profit attributable to equity holders: RMB75,185 million, up 4.52% year-over-year.

• Basic and diluted EPS: RMB0.20, up 5.26% year-over-year.

• Net cash from operating activities: RMB1,184,837 million, a significant turnaround from negative RMB768,830 million in Q1 2025.

• Cost-to-income ratio (PRC GAAP): 24.01%, down 1.57 percentage points year-over-year.

Outlook and guidance

• No explicit forward-looking guidance provided, but strong asset and deposit growth, improved asset quality, and robust capital ratios indicate a stable outlook.