Riyad Bank (1010) Q3 2025 earnings summary

Executive summary

• Achieved solid balance sheet growth and sustainable profitability for the first nine months of 2025, with net income reaching SAR 7.77 billion, up from SAR 7.06 billion year-over-year, and a healthy, resilient financial position.

• Total assets grew to SAR 507.6 billion as of 30 September 2025, compared to SAR 433.8 billion a year earlier.

• Strategic focus on being the most profitable, efficient, innovative, and customer-centric bank in KSA, with KPIs centered on ROE, cost efficiency, and digital maturity.

• Operating income for the nine-month period was SAR 13.72 billion, up from SAR 12.63 billion year-over-year.

Financial highlights

• Total assets reached 508Bn (+13% YTD), net loans 369Bn (+15% YTD), customer deposits 325Bn (+6% YTD), and total liabilities 435Bn (+14% YTD).

• Net income for 9M 2025 was 7.8Bn (+10% YoY), operating income 13.7Bn (+9% YoY), and ROE 17.2% (+24bps YoY).

• Net special commission income for nine months was SAR 9.67 billion, up from SAR 9.44 billion year-over-year.

• Fee and commission income, net, increased to SAR 2.68 billion from SAR 2.17 billion year-over-year.

• Cost to income ratio improved to 29.7% (-1.0ppt YoY), and NPL ratio decreased to 0.87%.

Outlook and guidance

• FY 2025 guidance revised: net loan growth expected in mid-teens, NSCI growth revised to low single digit, cost to income ratio below 30%, and ROE around 17%.

• Cost of credit risk expected to normalize at 30–40bps, and Tier 1 capital ratio to remain above 15%.

• Interim dividends of SAR 2,543 million (SAR 0.85 per share) declared in July 2025, with a distribution date of 17 August 2025.

• Final dividends for 2024 of SAR 2,696 million (SAR 0.90 per share) approved and distributed in April 2025.

• Strong credit demand from corporates and SMEs, with retail growth led by mortgages.