Preliminary Report: Bank AlBilad Q2 2026 Results

Item

Current Period

Corresponding Period of Previous Year

Change %

Gross Special Commission Income from Financing, 3,936, 3,625.8, 8.555

Gross Special Commission Income from Investments, 1,053.4, 815.2, 29.219

Net Special Commission Income from Financing, 1,865.2, 1,709.8, 9.088

Net Special Commission Income from Investments, 665.8, 628.9, 5.867

Total Operating Profit (Loss), 3,142.4, 3,004.6, 4.586

Net Profit (Loss) Before Zakat and Tax, 1,702.8, 1,634.5, 4.178

Net Profit (Loss) Attributable to Shareholders of the Parent, 1,527.4, 1,466.1, 4.181

Total Comprehensive Income Attributable to Shareholders of the Parent, 1,593.7, 1,617.8, -1.489

Assets, 186,478, 161,902.3, 15.179

Investments, 32,112.8, 28,637.3, 12.136

Loans and Advances Portfolio (Financing and Investing), 133,418.5, 115,688.9, 15.325

Customer Deposits, 147,187.9, 123,928.5, 18.768

Total Equity (Excluding Minority Interest), 23,769.7, 20,756.4, 14.517

Total Operating Expenses Before Provisions for Credit Losses and Other Losses, 1,312.3, 1,268.3, 3.469

Total Provision (Reversal) for Expected Credit Losses and Other Losses, Net, 127.3, 101.7, 25.172

Earnings (Loss) Per Share, 0.97, 0.98

All figures are in (Millions) Saudi Riyals

Item, Value, Percentage of Capital

Gains (Losses) from Change in Fair Value of Investment Properties

All figures are in (Millions) Saudi Riyals

Item, Clarification

The reason for the increase (decrease) in special commission income during the current quarter compared to the corresponding quarter of the previous year is:

Net income from investment and financing assets increased by 8% due to a 15% increase in income from investment and financing assets, offset by a 23% increase in the yield on deposits and financial liabilities.

The reason for the increase (decrease) in net profit during the current quarter compared to the corresponding quarter of the previous year is:

Net income increased due to a 5% increase in total operating income, attributed to an increase in net income from investment and financing assets and other operating income. This was partially offset by a decrease in net fee and commission income, net gains from fair value of instruments through profit or loss, foreign exchange translation gains, and dividends.

On the other hand, total operating expenses increased by 6%, due to an increase in other general and administrative expenses, salaries and related expenses, net credit loss provisions, and depreciation and amortization expenses.

The reason for the increase (decrease) in the total provision (reversal) for expected credit losses and other losses, net during the current quarter compared to the corresponding quarter of the previous year:

Net provision for credit losses increased by 14%, due to an increase in the net provision for financing credit losses.

The reason for the increase (decrease) in special commission income during the current quarter compared to the previous quarter:

Net income from investment and financing assets increased by 1% due to an 8% increase in income from investment and financing assets, offset by a 16% increase in the yield on deposits and financial liabilities.

The reason for the increase (decrease) in net profit during the current quarter compared to the previous quarter is:

Net income increased due to a 5% increase in total operating income, attributed to an increase in other operating income, foreign exchange translation gains, net income from investment and financing assets, and dividends. This was offset by a decrease in net fee and commission income and net gains from fair value of instruments through profit or loss.

On the other hand, total operating expenses increased by 3%, due to an increase in other general and administrative expenses, salaries and related expenses, and depreciation and amortization expenses. This was offset by a decrease in the net provision for credit losses.

The reason for the increase (decrease) in the total provision (reversal) for expected credit losses and other losses, net during the current quarter compared to the previous quarter:

Net provision for credit losses decreased by 22%, due to a decrease in the net provision for financing credit losses as a result of improvements in portfolio composition.

The reason for the increase (decrease) in special commission income during the current period compared to the corresponding period of the previous year:

Net income from investment and financing assets increased by 8% due to a 12% increase in income from investment and financing assets, offset by a 17% increase in the yield on deposits and financial liabilities.

The reason for the increase (decrease) in net profit during the current period compared to the corresponding period of the previous year is:

Net income increased due to a 5% increase in total operating income, attributed to an increase in net income from investment and financing assets, other operating income, and net gains from fair value of instruments through profit or loss. This was offset by a decrease in net fee and commission income, foreign exchange translation gains, and dividends.

On the other hand, total operating expenses increased by 5%, due to an increase in the net provision for credit losses, other general and administrative expenses, salaries and related expenses, and depreciation and amortization expenses.

The reason for the increase (decrease) in the total provision (reversal) for expected credit losses and other losses, net during the current period compared to the corresponding period of the previous year:

Net provision for credit losses increased by 25%, due to an increase in the net provision for financing credit losses.

Type of Auditor's Report: Unmodified opinion.

Any notes in the auditor's report (emphasis of matter, qualification, etc.): None.

Reclassification of some comparative figures: Some comparative figures have been reclassified.

Additional Information: Earnings per share for the two periods ended June 30, 2026, and June 30, 2025, were calculated by dividing the net income for the period after Zakat (after deducting costs related to Tier 1 Sukuk) by the weighted average number of outstanding shares after excluding treasury shares, which is 1,485 million shares (June 30, 2025: 1,490 million shares).