Alinma Bank (1150) Q3 2025 earnings summary

Executive summary

• Net income for the nine months ended September 2025 increased by 9% year-on-year to SAR 4,673 million, driven by 7% growth in operating income and strong retail and corporate performance.

• Return on equity (ROE) stood at 18.4%, with digital initiatives boosting customer engagement and operational efficiency.

• Digital transformation resulted in 98.4% of transactions being digital, with digital onboarding rising to 95%.

• The bank operates 124 branches in Saudi Arabia and consolidates several subsidiaries and funds.

• Interim condensed consolidated financial statements for the nine months ended September 30, 2025, reviewed by KPMG and PwC, found compliant with IAS 34 in Saudi Arabia.

Financial highlights

• Net income after zakat for nine months: SAR 4,673 million, up from SAR 4,303 million year-over-year.

• Operating income grew 7% year-on-year; funded income up 8%, non-funded income up 4%.

• Gross financing increased by 12% year-to-date, with retail financing up 10% and corporate financing up 12%.

• Customer deposits rose 11% year-to-date to SAR 234,623 million, with CASA deposits up 14%.

• Total assets as of September 30, 2025: SAR 307,214 million, up from SAR 266,983 million a year earlier.

Outlook and guidance

• Full-year financing growth guidance maintained at mid-teens, with continued momentum in mid-corporate, SME, and retail segments.

• Net profit margin guidance unchanged at -10 to -20 bps year-on-year; cost-to-income ratio to remain below 31%.

• ROE guidance above 18.5% for the full year; cost of risk guidance at 40–50 bps.

• Capitalization guidance unchanged at 18–19% for Tier 1 and Tier 2 CAR.

• No significant events after the reporting period affecting the financials.