Financial Results : Alinma Bank Q1 profit jumps 15% to SAR 1.5B

Alinma Bank Q1 profit jumps 15% to SAR 1.5B

29/04/2025 Argaam Exclusive

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Alinma Bank reported a 15% leap in Q1 2025 net profit to SAR 1.5 billion, compared to SAR 1.3 billion a year earlier.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Net Income from investments and financial activities 2,011.96 2,282.90 13.5 %
Operating Income 2,564.50 2,813.70 9.7 %
Debt Provisions (264.40) (226.30) 14.4 %
Net Income 1,314.73 1,508.00 14.7 %
Average Shares 2,500.00 2,500.00 -
Earnings Per Share before unusual items (Riyals) 0.53 0.60 14.7 %
EPS (Riyals) 0.53 0.60 14.7 %
EPS Diluted (Riyal) 0.51 0.54 5.5 %

The positive performance was driven by an increase in income from investments and financing, mainly due to growth in financing and investments volume.

 

Additionally, total operating income rose by 9.7%, mainly due to an increase in net income from financing, investment, and exchange income.

 

Impairment charge on financing and other financial assets during the current quarter fell mainly due to onboarding of better-quality new assets.

 

Meanwhile, the bank noted lower fee income, FVIS income and other operating income

 

Balance Sheet (B)

Item 3m 2024 3m 2025 Change‬
Assets 244.86 287.22 17.3 %
Customer Deposits 188.99 218.84 15.8 %
Financing Investments 180.70 209.43 15.9 %

Compared to the previous quarter, Alinma Bank’s net profit declined marginally by 1.4% from SAR 1.52 billion.

 

Shareholders’ equity, excluding minority interest and sukuk, stood at SAR 34.20 billion as of March 31, 2025, up from SAR 30.59 billion in the year-earlier period.

 

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