Bank Albilad (1140) Q1 2025 earnings summary

Executive summary

• Net income after zakat for Q1 2025 reached SAR 700.4 million, up 8.9% year-over-year from SAR 643.1 million.

• Total assets grew to SAR 159.1 billion as of March 31, 2025, a 10.7% increase from March 31, 2024.

• The Board approved a bonus share issuance, raising capital from SAR 12.5 billion to SAR 15 billion.

Financial highlights

• Total operating income for Q1 2025 was SAR 1.46 billion, up 9.1% year-over-year.

• Earnings per share (EPS) for Q1 2025 was SAR 0.56, compared to SAR 0.52 in Q1 2024.

• Customer deposits increased to SAR 124.0 billion, up from SAR 113.7 billion a year earlier.

• Net financing grew to SAR 112.4 billion, a 8.8% increase year-over-year.

• Investments, net, rose to SAR 26.4 billion, up from SAR 23.0 billion in Q1 2024.

Outlook and guidance

• The bank continues to focus on expanding its retail and corporate banking segments.

• Capital adequacy ratios remain strong, supporting future growth and regulatory compliance.