Abu Dhabi Islamic Bank (ADIB) Q1 2025 earnings summary

Executive summary

• Q1 net profit rose to EGP 2.94bn from EGP 2.10bn YoY; total assets reached EGP 282.09bn at 31 March 2025.

• The limited review concluded that nothing came to the reviewers’ attention indicating material non-compliance with applicable financial reporting rules.

Financial highlights

• Net revenues from funds were EGP 4.60bn vs EGP 3.18bn YoY; net fees and commissions were EGP 634.3m vs EGP 444.3m.

• Profit before tax was EGP 3.99bn vs EGP 2.89bn; net income was EGP 2.94bn vs EGP 2.10bn.

• Basic EPS was EGP 4.31 vs EGP 3.71; total comprehensive income was EGP 2.94bn vs EGP 2.20bn.

• Net trading income declined to EGP 170.5m from EGP 271.6m; expected credit losses increased to EGP 408.0m from EGP 289.9m.

Outlook and guidance

• On 17 April 2025, the CBE cut overnight deposit, lending and main operation rates by 225 bps to 25%, 26% and 25.50%, respectively; the discount rate fell 225 bps to 25.50%.