Riyad Bank Posts SAR 5.26B Net Profit for H1 2026, Up 3.54%
Riyad Bank reported a net profit of SAR 5,262.57 million for the first half of 2026, up 3.54% year-on-year. The growth was driven by higher special commission income and total operating income.
Key Numbers
Riyad Bank (Ticker: 1010) announced its interim financial results for the six months ended June 30, 2026, posting a net profit of SAR 5,262.57 million, up 3.54% from SAR 5,082.63 million in the same period last year. The increase was supported by higher total operating income.
Key Financial Results
| Metric | H1 2026 | H1 2025 | Change |
|---|---|---|---|
| Net Profit | SAR 5,262.57M | SAR 5,082.63M | +3.54% |
| Total Operating Income | SAR 9,349.91M | SAR 9,023.77M | +3.61% |
| Earnings Per Share (EPS) | Not disclosed | Not disclosed | — |
Highlights from the Statement
- Year-on-Year Drivers: Special commission income from loans, advances, and investments rose 6.4%, along with growth in net trading income and dividend income. This was partially offset by declines in fee and commission income and gains on disposal of non-trading investments.
- Operating Expenses: Total operating expenses before provisions increased 1.07% to SAR 2,733.76 million, while impairment charges for investments and depreciation rose.
- Quarter-on-Quarter Performance: Net profit for Q2 2026 rose 1.36% QoQ to SAR 2,649.03 million, driven by higher trading and fee income.
Guidance
The bank did not provide specific forward guidance in its statement.
Stock Impact
The positive results are expected to have a moderate positive impact on Riyad Bank's stock (1010), given the steady earnings growth despite operational pressures.
What This Means for Investors
The results demonstrate the bank's ability to grow earnings through core activities, but investors should monitor operating expenses and credit provisions, which could affect future performance.
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