Alinma Bank Reports SAR 1,678.5M Net Profit in Three Months 2026
ALINMA 1150.SA | 0.00 |
On 2026-04-23 08:08:17 (Saudi Time), Alinma Bank announced its Interim financial results for the three months ended on March 31, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Total Income From Special Commission of Financing | 3,794.2 | 3,550.5 | 6.863 | 3,896.6 | -2.627 |
| Total Income From Special Commission of Investment | 624.5 | 567.1 | 10.121 | 602.9 | 3.582 |
| Net Income From Special Commission of Financing | 2,125.3 | 1,968.5 | 7.965 | 2,128.1 | -0.131 |
| Net Income From Special Commission of Investment | 349.8 | 314.4 | 11.259 | 329.3 | 6.225 |
| Total Operations Profit (Loss) | 3,009.7 | 2,813.7 | 6.965 | 3,180.4 | -5.367 |
| Net Profit (Loss) before Zakat and Income Tax | 1,871.5 | 1,681.4 | 11.306 | 1,922 | -2.627 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 1,678.5 | 1,508 | 11.306 | 1,723.9 | -2.633 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 1,569.3 | 1,697.6 | -7.557 | 1,613.5 | -2.739 |
| Total Operating Expenses Before Provisions for Credit and Other Losses | 982.5 | 904.9 | 8.575 | 960.1 | 2.333 |
| Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net | 155.7 | 226.3 | -31.197 | 296.2 | -47.434 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Assets | 324,290.9 | 287,222.4 | 12.905 |
| Investments | 57,604.4 | 49,456.7 | 16.474 |
| Loans And Advances Portfolio (Financing And Investment) | 238,324.8 | 209,434.8 | 13.794 |
| Clients' deposits | 239,604.5 | 218,838.8 | 9.489 |
| Total Shareholders Equity (after Deducting Minority Equity) | 49,602.8 | 42,951.9 | 15.484 |
| Profit (Loss) per Share | 0.48 | 0.45 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Net profit attributable to shareholders increased 11.306% YoY to SAR 1,678.5 million, driven by 7.965% growth in net income from special commission of financing and 11.259% increase in net income from special commission of investment, reflecting expanded financing and investment volumes. The improvement was further supported by a 31.197% decrease in expected credit loss provisions due to onboarding better-quality assets and recoveries from previously written-off accounts. Total operating expenses rose 8.575% but were offset by stronger revenue growth across core banking activities.
Quarter-on-Quarter Performance Drivers
QoQ net profit declined 2.63% from 1,723.90 million to 1,678.50 million SAR despite higher net income from investments and financing. The decrease was primarily driven by lower total operating income of 5.4%, mainly due to reduced fee income, FVIS income, exchange income and other operating income. However, this was partially offset by significantly lower impairment charges (47.43% decrease) due to onboarding better-quality new assets and recoveries from previously written-off accounts.
Other Items
Alinma Bank received an unmodified audit conclusion with no adverse comments, disclaimers, or material uncertainties noted by external auditors. The bank shows no accumulated losses, maintaining a strong balance sheet with total assets of SAR 324,290.9 million and shareholders' equity of SAR 49,602.8 million. Key financial ratios demonstrate solid performance with earnings per share of SAR 0.48 for the quarter. The loan portfolio grew 13.794% to SAR 238,324.8 million while customer deposits increased 9.489% to SAR 239,604.5 million, indicating healthy business expansion without significant risk indicators.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94619&anCat=1&cs=1150&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.