First Abu Dhabi Bank (FAB) Q1 2025 earnings summary

Executive summary

• Q1 2025 delivered net profit of AED 5,135 million, up 23% yoy, with PBT at AED 6.13Bn and ROTE at 20.4%.

• Group revenue rose 11% yoy to AED 8.81Bn, supported by diversified income and strong business momentum.

• Loans grew 4% ytd, deposits 7% ytd, and total assets surpassed AED 1.3 trillion.

• Maintained AA- credit rating and robust balance sheet fundamentals.

• Financial statements reviewed by PwC with no material misstatements.

Financial highlights

• Operating income reached AED 8,814 million, up 11% yoy and 14% qoq.

• Net interest income was AED 5,006 million (+3% yoy), with NIM at 1.97% (+5bps yoy).

• Non-interest income surged 22% yoy to AED 3.81Bn, driven by robust fees and record markets performance.

• Operating expenses rose 3% yoy to AED 1.97Bn; cost-to-income ratio improved to 22.3%.

• Basic and diluted EPS increased to AED 0.44 from AED 0.35 yoy.

Outlook and guidance

• On track with 2025 guidance: high single-digit loan growth, cost of risk <75bps, provision coverage >90%, ROTE >16%, CET1 >13.5%.

• Management confirmed a going concern basis with adequate resources for continued operations.