First Abu Dhabi Bank (FAB) Q3 2025 earnings summary

Executive summary

• Net profit for the first nine months of 2025 reached AED 16.02 billion, up 24% year-on-year, with group revenue rising 16% to AED 27.65 billion and return on tangible equity at 20%.

• Total assets grew 14% year-to-date to AED 1.38 trillion, supported by double-digit loan and deposit growth and broad-based franchise expansion.

• International operations contributed 17% of group revenue, with new offices in Nigeria, Turkey, and a branch in India.

• Entering Q4 2025 with strong momentum and confidence in meeting full-year guidance.

• Financial statements reviewed by PwC, with no material misstatements identified.

Financial highlights

• Net profit for the nine months rose 24% year-on-year to AED 16.02 billion; profit before tax up 26% to AED 19.3 billion.

• Group revenue increased 16% year-on-year to AED 27.65 billion; operating income for Q3 was AED 9.34 billion, up 14% year-on-year.

• Operating expenses up 4% year-on-year to AED 6.07 billion, with cost-to-income ratio improving to 22%.

• Net impairment charges for nine months were AED 2.33 billion, down 18% year-on-year; cost of risk at 55 bps.

• Total assets at September 2025 were AED 1.38 trillion; loans and advances grew 13% year-to-date to AED 596 billion; customer deposits rose 8% to AED 848 billion.

Outlook and guidance

• On track to meet FY'25 guidance, including low double-digit loan growth (+13% year-to-date), ROTE above 16% (actual 20%), and CET1 ratio above 13.5% (actual 13.7%).

• UAE GDP growth forecast to accelerate from 5.2% in 2025 to 5.6% in 2026.

• Cost of risk expected to remain below 75bps (actual 55bps); provision coverage ratio above 90% (actual 106%).

• Anticipates two more rate cuts in 2025 and two to three in 2026; oil price outlook for 2026 revised down to $57/bbl.

• Management confirmed the Group's ability to continue as a going concern and compliance with all regulatory requirements.