Albaraka Türk Katilim Bankasi (ALBRK) Q3 2026 earnings summary

Executive summary

• Total assets reached TL 589.015bn at Sep. 30, 2026, up 25% from year-end 2025; financing and lease receivables grew 32% YTD to TL 312.161bn.

• 9M net profit was reported as TL 4.250bn, down 57% YoY, in the earnings presentation; financial statements reported net income of TL 5.783bn versus TL 11.181bn.

• Net profit share income rose sharply, while lower other income and free-provision reversals affected reported profit comparisons.

• Underlying operating income excluding free-provision reversals rose 55.9% YoY; net operating income on the same basis increased 80%.

Financial highlights

• 9M net profit share income was TL 11.055bn versus TL 3.126bn; profit share income was TL 69.110bn and expense TL 58.055bn.

• Net fees and commissions income rose to TL 5.148bn from TL 4.269bn; trading income was TL 3.016bn versus TL 2.221bn, while other operating income fell to TL 4.790bn from TL 12.611bn.

• 9M total operating profit was TL 14.682bn, down 6% YoY; operating profit before tax fell 43% to TL 5.097bn.

• Securities reached TL 96.7bn, up 14.5% YoY; 9M securities profit share income increased 68% to TL 28.3bn.

Outlook and guidance

• Full-year funded-credit growth guidance remained ~40%, versus 32% realized by Q3; year-end NPL guidance was below 2.5%.

• Year-end swap-adjusted net profit share margin guidance remained ~3.5%, or 4.5% including investment-fund income; Q3 levels were 3.31% and 4.25%, respectively.

• Q3 ROE was 29.6%, within the 25%-30% full-year guidance range; targets were unchanged.

• 2026 inflation was expected to finish slightly below 30%.