Abu Dhabi Commercial Bank · ADX:ADCB
Abu Dhabi Commercial Bank — Abu Dhabi Commercial Bank PJSC — Q2 2026 Earnings Presentation
26 slides from Abu Dhabi Commercial Bank's earnings presentation, July 2026
Slide 1: Second quarter 2026 Earnings presentation
ABU DHABI COMMERCIAL BANK PJSC adcb.com/ir Second quarter 2026 Earnings presentation July 2026 Second Quarter 2026 Earnings Presentation
Slide 2: Disclaimer
Disclaimer This presentation is not an offer or solicitation of an offer to buy or sell securities. It is solely for use as an investor presentation and is provided as information only. This presentation does not contain all of the information that is material to an investor. By reading the presenta
Slide 3: Table of contents
Table of contents 1. Financial highlights 04 2. Operating environment & guidance 19 3. Appendix 23 Second Quarter 2026 Earnings Presentation
Slide 4: 1. Financial highlights
1. Financial highlights Second Quarter 2026 Earnings Presentation
Slide 5: Strong growth momentum and record earnings in H1'26 amid a resilient operating environment in the UAE
FINANCIAL HIGHLIGHTS Strong growth momentum and record earnings in H1’26 amid a resilient operating environment in the UAE Financial highlights H1’26 key highlights • Profit growth extended to 20 consecutive quarters: • Steady deposit inflows support resilient liquidity Diversified growth by busines
Slide 6: Record H1'26 earnings driven by double-digit top-line growth, operating efficiencies and lower impairment charges
FINANCIAL HIGHLIGHTS Record H1’26 earnings driven by double-digit top-line growth, operating efficiencies and lower impairment charges Income statement (AED mn) H1’26 H1’25 ∆YoY% Strong H1’26 financial performance (AED bn) Total net interest income(1) 7,471 7,048 6 Profit before tax Operating income
Slide 7: Q2'26 performance marks 20 consecutive quarters of growth in profit before tax
FINANCIAL HIGHLIGHTS Q2’26 performance marks 20 consecutive quarters of growth in profit before tax Income statement (AED mn) Q2’26 Q1’26 Q2’25 ∆QoQ% ∆YoY% Q2’26 profit before tax (AED bn) Total net interest income(1) 3,733 3,738 3,655 (0) 2 3.826 +26% YoY +1% QoQ 20 quarters of consecutive growth i
Slide 8: Net interest income up 6% YoY in H1'26 supported by higher volumes
FINANCIAL HIGHLIGHTS Net interest income up 6% YoY in H1’26 supported by higher volumes Net interest income (AED mn) Asset yield (%)(1) Key highlights H1’25 3 rate cuts from H1’26 Sep’25 to Dec’25 • Net interest income higher YoY in H1’26 and Q2’26 5.96 5.29 driven by higher volumes in a lower inter
Slide 9: Non-interest income continues to serve as a significant driver of growth and revenue diversification
FINANCIAL HIGHLIGHTS Non-interest income continues to serve as a significant driver of growth and revenue diversification Non-interest income (AED mn) Q2’26 Q1’26 Q2’25 ΔQoQ% ΔYoY% H1’26 H1’25 ΔYoY% Key highlights Net fees and commission income 1,186 938 929 26 28 2,124 1,749 21 • Non-interest incom
Slide 10: H1'26 cost to income ratio improved 90 bps YoY as revenue growth outpaced increase in operating expenses
FINANCIAL HIGHLIGHTS H1’26 cost to income ratio improved 90 bps YoY as revenue growth outpaced increase in operating expenses Operating expenses (AED mn) Cost to income ratio Key highlights • Greater efficiency driven by continued top-line growth combined with cost discipline and productivity gains
Slide 11: Continued balance sheet growth with net loans up 10% YTD and customer deposits up 5% YTD
FINANCIAL HIGHLIGHTS Continued balance sheet growth with net loans up 10% YTD and customer deposits up 5% YTD Balance sheet (AED mn) Jun’26 Mar’26 Dec’25 Jun’25 ΔQoQ% ΔYTD% ΔYoY% CET1 ratio CAR Total assets 833,184 808,857 773,654 718,502 3 8 16 13.66% 16.50% 13.82% 13.66% 17.00% 16.95% Net interest
Slide 12: Significant expansion in corporate loan book during H1'26 across diverse economic sectors including GREs
FINANCIAL HIGHLIGHTS Significant expansion in corporate loan book during H1’26 across diverse economic sectors including GREs and financial institutions Net loans (AED bn) Gross loans by geography (AED bn) Key highlights 423 445 • Net loans increased AED 42 bn (+10%) YTD and 403 24 431 453 AED 22 bn
Slide 13: Well diversified and highly secured real estate portfolio with strict internal caps and underwriting policies
FINANCIAL HIGHLIGHTS Well diversified and highly secured real estate portfolio with strict internal caps and underwriting policies Commercial real estate investment Total real estate portfolio (% of total gross loans) Portfolio composition Real estate loan classification 39% • Purpose of the loan is
Slide 14: Strong asset quality with cost of risk at 38 bps in H1'26, and NPL ratio at a record low of 1.71%
FINANCIAL HIGHLIGHTS Strong asset quality with cost of risk at 38 bps in H1’26, and NPL ratio at a record low of 1.71% Cost of risk Non-performing loans (AED mn) POCI assets (AED mn) • Net impairment charge in Q2’26 was lower YoY primarily due to higher charges related to a few legacy and NPL ratio
Slide 15: Disciplined risk management and underwriting practices driving strong risk performance of the ADCB retail portfolio
FINANCIAL HIGHLIGHTS Disciplined risk management and underwriting practices driving strong risk performance of the ADCB retail portfolio compared to the market Total portfolio delinquency 30+ DPD Personal loans delinquency 30+ DPD Credit cards delinquency 30+ DPD 4.6% 4.6% 4.1% 4.4% 1.5% 1.6% 1.5% 4
Slide 16: Investment portfolio increased to AED 171 bn, up 11% YoY with 99.1% invested in bonds
FINANCIAL HIGHLIGHTS Investment portfolio increased to AED 171 bn, up 11% YoY with 99.1% invested in bonds Investment securities (AED mn) Investment securities: AED 170,747 mn(2) Non-Government bond portfolio Domestic 27% Government 66% +11% • Rated A- or better: 93.8% Other GCC countries 21% Public
Slide 17: Continued inflow of customer deposits, supporting a resilient funding profile and liquidity position
FINANCIAL HIGHLIGHTS Continued inflow of customer deposits, supporting a resilient funding profile and liquidity position Liability mix Customer deposits (AED bn)(1) CASA split by business (AED mn) Customer deposits 71% 500 523 527 Total Contribution to 463 As at 30 Jun 2026 deposits CASA CASA % Gro
Slide 18: Robust capital position provides a solid foundation for continued growth and disciplined capital deployment
FINANCIAL HIGHLIGHTS Robust capital position provides a solid foundation for continued growth and disciplined capital deployment Capital adequacy ratio walkthrough (%)(1) 1.30 17.00 (0.30) (0.06) 16.50 1.36 (1.26) 1.16 (0.17) (0.02) 1.85 1.68 13.79 13.66 31-Dec-25 H1’26 net profit Revaluation reserv
Slide 19: 2. Operating environment & guidance
2. Operating environment & guidance Second Quarter 2026 Earnings Presentation
Slide 20: UAE macro-economic stability and solid fundamentals
OPERATING ENVIRONMENT & GUIDANCE UAE macro-economic stability and solid fundamentals Global: We expect Fed to remain on pause through end-2026. US: Recession probability has weakened further; AI driven UAE: Oil prices have been volatile on geopolitical We see one further 25 bps hike from ECB and BoE
Slide 21: Robust investment outlook with higher project awards
OPERATING ENVIRONMENT & GUIDANCE Robust investment outlook with higher project awards UAE: Total project awards solid in 1H 2026, at 63.9% of 2025 UAE: Project awards in the UAE moderated sharply in 2Q 2026, though UAE: Broad-based project award outlook for 2H2026, total; Wait-and-see approach visib
Slide 22: Summary and guidance
OPERATING ENVIRONMENT & GUIDANCE Summary and guidance Summary Guidance in five-year strategy • Record H1’26 profitability supported by launched in Q1 2025 Full-year 2026 guidance H1'26 actuals strong lending momentum, diversified income streams, enhanced efficiencies and CET1 ratio >12% >12% 13.66%
Slide 23: 3. Appendix
3. Appendix Second Quarter 2026 Earnings Presentation
Slide 24: Balance sheet as at 30 June 2026
APPENDIX Balance sheet as at 30 June 2026 AED mn Jun’26 Dec’25 ΔYTD% Cash and balances with Central banks, net 56,556 63,019 (10) Deposits and balances due from banks, net 67,158 56,594 19 Financial assets at fair value through profit or loss 28,892 24,622 17 Derivative financial instruments 16,007
Slide 25: Income statement for the three-month period ended 30 June 2026
APPENDIX Income statement for the three-month period ended 30 June 2026 Quarterly trend Half-yearly trend AED mn Q2’26 Q2’25 ΔYoY% H1’26 H1’25 ΔYoY% Interest and income from Islamic financing 8,956 8,637 4 17,502 16,893 4 Interest expense and profit distribution (5,223) (4,982) 5 (10,031) (9,845) 2
Slide 26: ADCB Investor Relations
ADCB Investor Relations Contact information Click to view our reports For more information, please visit our website: adcb.com/ir 2025 Annual Report 2025 Integrated Report or contact ADCB Investor Relations at ir@adcb.com adcb.com/annualreport adcb.com/integratedreport 2025 ESG Report ADCB Green Bon
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