aljazira bank (1020) investor relations material

Executive summary

• 9M net income was SAR1,319.438mn (+15% YoY); Q3 net income was SAR471.578mn (+18% YoY, +6% QoQ).

• Total assets rose 10% YTD to SAR183.224bn; financing reached SAR123.368bn and customer deposits SAR129.846bn.

• Financing grew 14% YoY; customer deposits rose 13% YTD, while CASA increased 22% YTD to 45% of deposits.

• Strategic priorities included corporate and retail growth, digital capabilities, operating efficiency and balance-sheet optimization.

Financial highlights

• 9M total operating income was SAR3,581.305mn (+9% YoY); net financing and investment income was SAR2,516.592mn (+13%), and fee and other income was SAR1,065mn (+1%).

• 9M operating expenses rose 7% to SAR1,854mn; net operating income increased 15% to SAR1,489.698mn, and net income before zakat and tax was SAR1,491.386mn.

• Q3 net financing and investment income increased 20% YoY to SAR856mn.

• 9M EPS was SAR0.77 versus SAR0.79; Tier 1 Sukuk-related costs deducted in the EPS calculation rose to SAR336.334mn from SAR130.383mn.

Outlook and guidance

• FY 2026 financing growth guidance is low-teens; 9M growth was 14% YoY and 11.3% YTD.

• FY 2026 net margin guidance was revised to 2.00%–2.04%, versus 9M actual of 2.04%; cost-of-risk guidance was revised to 30–35 bps, versus 28 bps actual.

• FY 2026 cost-to-income guidance is below 52%; Tier 1 guidance is above 17.0% and ROAE guidance above 7.75%, including Tier 1 Sukuk and after zakat and tax.