Saudi National Bank Reports SAR 18.63B Profit in Q3 2025
SNB 1180.SA | 42.46 | +0.28% |
On 2025-10-20 07:58:51 (Saudi Time), The Saudi National Bank announced its Interim financial results for the nine months ended on September 30, 2025. For the period, the company recorded revenue of SAR 45.30 million (up 5.5% YoY) and a net profit of SAR 18.63 million.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Total Income From Special Commission of Financing | 11,972 | 11,607 | 3.144 | 11,573 | 3.447 |
| Total Income From Special Commission of Investment | 3,843 | 3,415 | 12.532 | 3,588 | 7.107 |
| Net Income From Special Commission of Financing | 7,045 | 6,696 | 5.212 | 6,734 | 4.618 |
| Net Income From Special Commission of Investment | 262 | 145 | 80.689 | 353 | -25.779 |
| Total Operations Profit (Loss) | 10,145 | 9,191 | 10.379 | 9,507 | 6.71 |
| Net Profit (Loss) before Zakat and Income Tax | 7,277 | 6,011 | 21.061 | 6,865 | 6.001 |
| Net Profit/(Loss) | 6,469 | 5,366 | 20.555 | 6,137 | 5.409 |
| Total Comprehensive Income | 7,420 | 9,112 | -18.568 | 6,313 | 17.535 |
| Total Operating Expenses Before Provisions for Credit and Other Losses | 2,492 | 2,869 | -13.14 | 2,765 | -9.873 |
| Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net | 231 | 224 | 3.125 | -173 | - |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
Year-on-Year Performance Drivers
Net income increased by 19.1% YoY to SAR 18.6 billion, driven by 8.2% growth in total operating income which reached SAR 29.3 billion. This improvement was primarily due to higher net special commission income (+4.1%), increased net fees from banking services (+11.5%), and significant growth in investment gains/income (+35.5%). Additionally, total operating expenses decreased by 13.0% while net impairment charge for expected credit losses dropped substantially by 90.7%, further contributing to the strong profit growth.
Quarter-on-Quarter Performance Drivers
QoQ revenue increased 4.3% to SAR 15.8 billion due to 3.4% growth in financing portfolio income and 7.1% growth in investments portfolio income. Net profit rose 5.4% to SAR 6.5 billion, driven by 6.7% higher operating income. Net impairment charge for expected credit losses increased significantly by 233.7% compared to the previous quarter.
Other Items
The Saudi National Bank's interim financial results for Q3 2025 show an unmodified audit conclusion with no qualifications or material uncertainties. Total assets grew by 9.3% compared to December 2024, driven by 10.8% growth in financing (19.7% in wholesale financing and 6.1% in mortgages) and 8.8% growth in investments portfolio. Customer deposits increased by 10.3% during the same period. The bank's earnings per share reached SAR 2.99, up from SAR 2.53 in the comparable period.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=90788&anCat=1&cs=1180&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.