Bank Albilad (1140) Q2 2026 earnings summary

Executive summary

• Interim condensed consolidated financial statements cover the six-month period ended June 30, 2026, prepared in accordance with IAS 34 as endorsed in Saudi Arabia.

• Independent auditors (EY and KPMG) issued an unmodified review conclusion, confirming compliance with applicable standards.

• The group operates through 108 branches in Saudi Arabia, offering Sharia-compliant banking and investment services.

Financial highlights

• Net income after zakat for H1 2026 was SAR 1,527 million, up from SAR 1,466 million year-over-year.

• Total operating income for H1 2026 reached SAR 3,142 million, compared to SAR 3,005 million in H1 2025.

• Total assets as of June 30, 2026, stood at SAR 186,478 million, up from SAR 172,972 million at year-end 2025.

• Customers' deposits increased to SAR 147,188 million from SAR 132,879 million at December 31, 2025.

• Basic and diluted EPS for H1 2026 was SAR 0.97, slightly down from SAR 0.98 in H1 2025.

Outlook and guidance

• The bank is preparing for IFRS 18 adoption in 2027, with ongoing assessments of presentation and disclosure impacts.

• Management continues to monitor the impact of geopolitical uncertainties on credit risk and ECL assumptions.