United Arab Emirates · Delayed Price · Currency is AED Abu Dhabi Islamic Bank PJSC Earnings Call Transcripts
Fiscal Year 2026
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Record H1 profit before tax rose 9% year-on-year to AED 4.3 billion, with strong financing and deposit growth, improved asset quality, and robust customer acquisition. Upgraded guidance targets 18%-20% financing growth and stable margins, despite higher funding costs.
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Net profit before tax rose 8% year-on-year to AED 2.1 billion, with revenue up 12% and robust balance sheet growth. Asset quality improved, liquidity remained strong, and management reaffirmed full-year guidance, expecting normalization in fee income and continued investment in strategic initiatives.
Fiscal Year 2025
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Record profitability in 2025 with net income before tax up 18% and assets up 24% year-on-year, driven by strong retail and wholesale growth, improved cost efficiency, and robust asset quality. Guidance for 2026 remains conservative, with continued investment in digital transformation and a focus on sustainable ROE above 25%.
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Net income before tax rose 16% year-on-year to AED 6.1 billion, with strong growth in both funded and non-funded income, and total assets up 20% to AED 270 billion. Asset quality improved, with NPAs at a record low 3.3%, and return on equity near 30%.
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Record H1 2025 net profit of AED 4 billion (up 16% YoY) driven by double-digit revenue growth, strong customer acquisition, and robust asset expansion. Cost-to-income ratio hit a historic low, asset quality improved, and guidance was raised for financing growth and margins.
Fiscal Year 2024
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Net profit rose 24% year-over-year to AED 4.6 billion, with revenue up 19% and assets up 21%. NPA ratio improved to 4.4%, and cost to income dropped to 29.1%. Guidance remains strong for asset growth, margins, and return on equity.
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Net income after tax rose 30% year-over-year to AED 3.03 billion, with strong growth in both retail and corporate financing, and a significant improvement in asset quality. Guidance for 2024 gross financing growth was raised above 16%, with margins expected to remain robust.