Alinma Bank announces its Interim Financial Results for the Period Ending on 2025-03-31 ( Three Months )

29 April 2025 08:00 AM

ALINMA 1150 -3.07% 25.86 -0.82

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Total Income From Special Commission of Financing	3,550.5	3,338.9	6.337	3,652.6	-2.795
Total Income From Special Commission of Investment	567.1	460	23.282	554	2.364
Net Income From Special Commission of Financing	1,968.5	1,768.3	11.321	1,967.3	0.06
Net Income From Special Commission of Investment	314.4	243.6	29.064	298.4	5.361
Total Operations Profit (Loss)	2,813.7	2,564.5	9.717	2,814.6	-0.031
Net Profit (Loss) before Zakat and Income Tax	1,681.4	1,465.9	14.7	1,704.7	-1.366
Net Profit/(Loss)	1,508	1,314.7	14.702	1,528.9	-1.366
Total Comprehensive Income	1,697.6	1,307.7	29.815	1,087.6	56.086
Total Operating Expenses Before Provisions for Credit and Other Losses	904.9	833.5	8.566	863.6	4.782
Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net	226.3	264.4	-14.409	249.5	-9.298
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Assets	287,222.4	244,859.3	17.3
Investments	49,456.7	45,337.6	9.085
Loans And Advances Portfolio (Financing And Investment)	209,434.8	180,702.4	15.9
Clients' deposits	218,838.8	188,987.8	15.795
Total Shareholders Equity (after Deducting Minority Equity)	42,951.9	39,348.1	9.158
Profit (Loss) per Share	0.54	0.51
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

Element List	Explanation
The reason of the increase (decrease) in special commission income during the current quarter compared to the same quarter of the last year is	Income from investments and financing increased mainly due to growth in financing and investments volume.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	Net income increased due to the increase in total operating income by 9.7%, mainly due to the increase in net income from financing and investment and exchange income partly offset with the lower fee income, FVIS income and other operating income.
The reason of the increase (decrease) in the total net provision (reversing entry) of expected credit losses and other losses during the current quarter compared to the same quarter of the last year is	The decrease in impairment charge on financing and other financial assets during the current quarter compared to similar quarter last year is mainly due to onboarding of better-quality new assets.
The reason of the increase (decrease) in special commission income during the current quarter compared to the previous quarter is	Net income from investments and financing increased mainly due to growth in financing and investments volume and lower return paid on time deposits.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter is	Net income decreased due to the increase in total operating expenses by 1.6%, mainly due to the increase Salaries expenses, depreciation and other general and administrative expenses, partly offset with the lower credit impairment charges.
The reason of the increase (decrease) in the total net provision (reversing entry) of expected credit losses and other losses during the current quarter compared to the previous quarter is	The decrease in impairment charge on financing and other financial assets during the current quarter compared to previous quarter is mainly due to onboarding the better quality new assets.
Statement of the type of external auditor's report	Unmodified Conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)	None
Reclassification of Comparison Items	Some items have been reclassified.
Additional Information	For the calculation of earnings per share, 12.8 million treasury shares have been excluded. Earnings per share is calculated by dividing the net income after zakat for the period ended 31 March 2025 and 31 March 2024 (adjusted for Tier 1 Sukuk costs) by the weighted average number of outstanding shares, which reached 2,486.5 million shares (2024: 2,484.8 million shares, restated to reflect the issuance of bonus shares).

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