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

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Total Income From Special Commission of Financing	5,656,329	5,059,191	11.803	5,817,053	-2.762
Total Income From Special Commission of Investment	694,227	610,227	13.765	690,728	0.506
Net Income From Special Commission of Financing	2,963,337	2,716,430	9.089	3,018,342	-1.822
Net Income From Special Commission of Investment	319,145	334,451	-4.576	414,118	-22.933
Total Operations Profit (Loss)	4,503,641	4,087,687	10.175	4,654,638	-3.244
Net Profit (Loss) before Zakat and Income Tax	2,771,778	2,311,004	19.938	2,520,351	9.975
Net Profit/(Loss)	2,486,007	2,072,723	19.939	2,257,382	10.127
Total Comprehensive Income	2,682,806	2,170,176	23.621	2,035,545	31.797
Total Operating Expenses Before Provisions for Credit and Other Losses	1,378,884	1,345,715	2.464	1,407,648	-2.043
Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net	361,723	436,588	-17.147	735,137	-50.795
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Assets	465,345,214	404,858,906	14.94
Investments	69,270,797	60,663,493	14.188
Loans And Advances Portfolio (Financing And Investment)	338,991,099	282,854,210	19.846
Clients' deposits	304,092,494	270,947,883	12.232
Total Shareholders Equity (after Deducting Minority Equity)	61,139,526	53,513,978	14.249
Profit (Loss) per Share	0.79	0.66
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
All figures are in (Thousands) 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	The special commission income increased by 12.0% mainly due to an increase in special commission income from loans and advances.
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 by 19.9% mainly due to an increase in total operating income and a decrease in total operating expenses.

Total operating income increase was due to an increase in net special commission income, fee and commission income net, trading income, net, exchange income, net, other operating income, partially offset by the losses on disposal of non-trading investments, net and decrease on dividend income.

Total operating expenses decrease was due to a decrease in impairment charge for credit losses and other financial assets, net, other general and administrative expenses, and higher reversal of impairment charge for investments, net, and partially offset by an increase in salaries and employee related expenses, rent and premises-related expenses, other operating expenses, and depreciation of property, equipment and right of use assets.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 Net provision of expected credit losses and other losses decreased by 17.1% mainly due to lower impairment charge for credit losses and other financial assets, net, and increased reversal of impairment charge for investments, net.The reason of the increase (decrease) in special commission income during the current quarter compared to the previous quarter is The special commission income decreased by 2.4% mainly due to a decrease in special commission income from loans and advances.The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter is Net income increased by 10.1% mainly due to a decrease in total operating expenses partially offset by decrease in total operating income.

Total operating expenses decrease was due to a decrease in impairment charge for credit losses and other financial assets, net, other general and administrative expenses, reversal of impairment charge for investments, net, and depreciation of property, equipment and right of use assets, and partially offset by an increase in salaries and employee related expenses, other operating expenses, and rent and premises-related expenses.

Total operating income decrease was due to a decrease in net special commission income, exchange income, net, fee and commission income net, and increase in losses on disposal of non-trading investments, net, partially offset by an increase in trading income, net, other operating income, and dividend 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 previous quarter is Net provision of expected credit losses and other losses decreased by 50.8% mainly due to lower impairment charge for credit losses and other financial assets, net, and reversal of impairment charge for investments, net.Statement of the type of external auditor's report Unmodified ConclusionComment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) N/AReclassification of Comparison Items NoneAdditional Information Basic and diluted earnings per share for the period ended 31 March 2025 are calculated on a weighted average basis by dividing the net income adjusted for Tier 1 sukuk costs for the period, by 2,995 million shares (2024: 2,995 million shares), after excluding treasury shares

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