First Abu Dhabi Bank (FAB) Q3 2025 earnings summary

Executive summary

• Record net profit of AED 16.02 billion for the first nine months of 2025, up 24% year-on-year, with ROTE at 20%, driven by strong operating momentum and diversified revenue streams.

• Group revenue rose 16% year-on-year to AED 27.65 billion, supported by resilient margins and broad-based franchise and international expansion.

• Total assets grew 14% year-to-date to AED 1.38 trillion, reflecting strong loan and deposit growth and franchise expansion.

• All business divisions achieved record revenue, with international operations contributing significantly.

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

Financial highlights

• Net profit for the nine months rose 24% year-on-year to AED 16.02 billion, absorbing the UAE corporate tax rate increase from 9% to 15%.

• Operating income for the nine months was AED 27.65 billion, up 16% year-on-year; Q3 operating income was AED 9.34 billion, up 14% year-on-year.

• Operating expenses increased 4% year-on-year to AED 6.07 billion, mainly due to investments in technology and AI, with a cost-to-income ratio of 22%.

• Net impairment charge for nine months was AED 2.33 billion, down 18% year-on-year, with cost of risk at 55 bps, below guidance.

• Customer deposits reached AED 848 billion, up AED 66 billion since December.

Outlook and guidance

• Loan growth guidance remains at low double digits, with 13% year-to-date growth already achieved.

• 2025 expected to be a record year, with return on tangible equity at 20%, ahead of guidance.

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

• Anticipates two more rate cuts by year-end and two to three additional cuts next year.

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