Banque Saudi Fransi (1050) investor relations material

Executive summary

• 9M net income rose 7% YoY to SAR 4,376,580 thousand as operating income grew 6% to SAR 8,419,021 thousand; Q3 net income was SAR 1,508,773 thousand, up 12% YoY.

• Assets reached SAR 338,642,977 thousand; net loans were SAR 230,398,755 thousand and deposits SAR 203,227,352 thousand. Assets rose 10% YTD, loans 7% and deposits 4% YTD, or 9% YoY.

Financial highlights

• 9M net interest income rose 6% to SAR 6,863,059 thousand and non-interest income rose 8% to SAR 1,556mn; net fee and commission income declined 2% to SAR 741,938 thousand.

• 9M operating expenses increased 7% to SAR 2,773mn, while impairment charges rose 4% to SAR 784mn.

• Q3 non-interest income rose 10% QoQ to SAR 559mn, led by trading and investment income.

• Q3 net interest income declined 2% QoQ as interest expenses rose faster than interest income.

Outlook and guidance

• FY2026 guidance was reaffirmed: high-single-digit loan growth, NIM of 3.00%, cost of risk of 45–50bps, cost-to-income below 33%, ROE of 12–13% and CET1 above 15%.

• Guidance reflects commercial and consumer lending growth and corporate-loan repricing, partly offset by lower CASA; management prioritizes profitable growth and disciplined costs.

• Strategy 2030 targets ROE above 15% and net income of SAR 10bn by 2030, with priorities including core growth, risk excellence, digital distribution and operational efficiency.

• Management aims to sustain Q4 growth and client support while preserving balance-sheet flexibility and maintaining cost and risk discipline.