Riyad Bank (1010) Q1 2025 earnings summary

Executive summary

• Net income for Q1 2025 reached SAR 2,486 million, up from SAR 2,073 million in Q1 2024, with EPS rising to SAR 0.79 from SAR 0.66 year-over-year.

• Total assets grew to SAR 465.3 billion as of 31 March 2025, compared to SAR 404.9 billion a year earlier.

• Comprehensive income for the period was SAR 2,683 million, up from SAR 2,170 million in Q1 2024.

Financial highlights

• Net special commission income increased to SAR 3,282 million from SAR 3,051 million year-over-year.

• Total operating income, net, rose to SAR 4,504 million from SAR 4,088 million year-over-year.

• Operating expenses before impairment were SAR 1,379 million, up slightly from SAR 1,346 million.

• Impairment charges for credit losses and other financial assets decreased to SAR 371 million from SAR 438 million.

• Customer deposits increased to SAR 304.1 billion from SAR 270.9 billion year-over-year.

Outlook and guidance

• Final dividends of SAR 2,696 million (SAR 0.90 per share) for the second half of 2024 were approved, with distribution in April 2025.

• The bank continues to monitor capital adequacy and regulatory requirements, maintaining strong capital ratios.