Saudi National Bank · TADAWUL:1180
Saudi National Bank — 4Q 2025 Earnings Presentation
28 slides from Saudi National Bank's earnings presentation, Feb 4, 2026
Slide 1: 4Q 2025 Earnings Presentation
4Q 2025 Earnings Presentation 4 February 2026
Slide 2: Disclaimer
Disclaimer The Saudi National Bank (SNB) prepared this presentation on a proprietary basis as general background information about the activities of SNB. The information contained herein is given in summary form and for discussion purposes only. Some of the information that is relied upon by SNB is
Slide 3: Table of Contents
Table of Contents Group CEO’s Opening Remarks 01 2025 Financials 02 Progress on Strategy 03 Our goal is to propel the nation’s progress towards Vision 2030 and beyond by spearheading technological Appendix 04 innovation, encouraging progressive thinking, and using our expertise to provide the best o
Slide 4: Group CEO's Opening Remarks
Group CEO’s Opening 01 Remarks
Slide 5: 2025: Disciplined strategy execution reinforces SNB's leadership
Group CEO’s Opening Remarks 2025: Disciplined strategy execution reinforces SNB’s leadership, with scale, growth and efficiency driving profitability Launched a new strategy Year 1 delivered & Operating discipline Structural improvements cycle with clear priorities exceeded annual guidance delivered
Slide 6: 2025 Financials
2025 Financials 02 SNB
Slide 7: 2025 Financial Performance Highlights
2025 Financial Performance Highlights SNB ended 2025 with record net income of ¥ 25bn, underpinned by healthy balance sheet growth, strong core revenues, record-low efficiency and solid credit quality ratios Strong financing growth from Wholesale financing and Mortgage expansion with a decreasing NP
Slide 8: Balance Sheet Summary
Balance Sheet Summary Balance sheet expanded by 10% YoY, driven by growth in financing and investments, with domestic customers’ deposits growing 10% YoY Total Assets (¥bn) Total Assets Movement YoY (¥bn) +10% +10% 1,206.6 1,210.0 1,104.2 72.1 3.7 1,210.0 88 93 94 28.2 1,104.2 3.4 (1.5) 725 729 654
Slide 9: Financing & Advances
Financing & Advances Financing increased 11% YoY fueled by Wholesale financing and mortgages Achieved: 2025 Guidance Financing & Advances, Net (¥bn) Financing & Advances, Net Movement YoY (¥bn) Low double digit +11% +11% 725.1 729.3 25.9 0.3 3.0 729.3 654.3 4 4 3 21 20 30.4 4.4 17 79 80 54 41 36 654
Slide 10: Investments
Investments Investments increased by 9% YoY, supported by growth in SGDS, other fixed income and funds & equity Investments, Net (¥bn) Investments, Net Movement YTD (¥bn) +9% +9% 318.2 320.0 9.6 2.9 320.0 292.5 15.7 292.5 (0.7) 195 195 180 +1% 87 93 QoQ 94 26 30 31 +10% +10% +10% -12% 1 4Q 24 3Q 25
Slide 11: Customers' Deposits
Customers' Deposits Customers’ deposits grew 10% YoY, primarily driven by domestic CASA inflows; the CASA ratio settled at 73% Customers' Deposits (¥bn) Customers' Deposits Movement YoY (¥bn) +10% +10% 639.5 636.1 10.6 1.8 0.4 636.1 579.8 43.6 29 26 31 123 146 579.8 130 487 -1% 464 419 QoQ +11% +7%
Slide 12: Income Statement Summary
Income Statement Summary 18% YoY Net income growth driven by revenue uplift and cost discipline Full-Year Net Income Attributed To Equity Holders Movement YoY (¥mn) Net Income (¥mn) +18% +15% +17% 6,469 6,385 1,429 1,186 123 24,966 47 25,013 5,557 32 68 21,193 21,339 1,232 (146) (343) 6,436 6,318 5,
Slide 13: NSCI & Margin
NSCI & Margin 5% YoY NSCI growth, reflecting solid earning assets expansion despite modest margin pressure Achieved: 2025 Guidance 1 Net Special Commission Income Movement YoY (¥bn) Quarterly Net Special NSCI Margin QTR (%) Low-to-mid single digit growth Commission Income YoY (¥bn) +5% 3.05% +8% +5%
Slide 14: Fee & Other Income
Fee & Other Income Fee and Other Income increased by 21% driven by investment income, FX, trade finance and International, partially offset by lower brokerage income on lower market activity Fee and Other Income Movement YoY (¥mn) Fee & Other Income (¥mn) +21% +17% +19% 2,838 1,270 10,039 1,026 8,76
Slide 15: Operating Expenses
Operating Expenses Operating expenses declined by 11% YoY, resetting efficiency ratios to record lows 1 1 Total Operating Expenses Movement YoY (¥mn) Operating Expenses (¥mn) -11% -34% -14% 2,538 10,202 2,287 8,705 115 1,533 9,052 420 7,520 324 1,684 1,496 (30) (217) 437 (1,054) 2,118 1,962 -26% 1,2
Slide 16: Financing Credit Impairments & Cost of Risk
Financing Credit Impairments & Cost of Risk Cost of Risk normalized to 15bps after a period of material recoveries from fully provisioned exposures Impairment Charge for Financing and Advances Losses Movement Impairment Charge for Financing and Advances Losses YoY (¥mn) YoY (¥mn) +3% 960 -10% 73 551
Slide 17: Credit Quality
Credit Quality Asset quality improved, with the NPL ratio declining further to 68 basis points, partially driven by year-end write-offs of fully provided exposures Non-performing financing and advances (¥mn) NPL Ratio (%) 1.16% -35% 1.13% 7,692 0.91% 423 5,880 5,001 0.81% 0.80% 362 354 0.89% 1 7,269
Slide 18: Capitalization & Liquidity
Capitalization & Liquidity Capitalization remains strong, supported by solid net income generation, despite robust financing growth Achieved: 2025 Guidance Capitalization Ratios (%) Tier 1 CAR: 19-20% Total Eligible Capital Movement YoY (¥bn) 20.6% 20.8% +12% 20.8% 19.3% 21.2% 20.3% 19.5% 19.5% 25.0
Slide 19: Outlook & Guidance
Outlook & Guidance 2026 guidance supports continued progress toward the Strategy’s targets Macro-Economic FY 2025 FY 20262 SNB Financial Guidance FY 2025 Baseline FY 2026 Guidance Outlook1 ¥ 729bn Real GDP Growth +4,4% +4.7% Financing Growth High single digit +11% ¥ 29.2bn NSCI Growth Mid single dig
Slide 20: Update on Strategy
Update on Strategy 0 3 SNB
Slide 21: Strategy KPIs Review: 2027 target updates
Strategy KPIs Review 2027 target updates deliver sustainable, value-driven growth while sustaining strong returns Metrics1 2024 2027 Initial 2027 Targets Baseline Targets Updated Financing growth CAGR 2024-27 ¥ 654bn Low teens Low double digit Topline growth adjustments CASA growth CAGR 2024-27 ¥ 41
Slide 22: Strategy KPIs Review: non-financial 2027 targets
Strategy KPIs Review Strong momentum across non-financial 2027 targets Area Metrics 2024F Baseline Progress 2027 Targets & Commentary 2025, YoY Customer Experience revamp underway Customer Targeting best in class CX in the Kingdom, in-line with Global standards, guided New Voice of Customer Framewor
Slide 23: Strategic Priorities
Strategic Priorities 2025 provides a solid foundation for achieving SNB’s objectives and catalyzing Saudi Arabia’s next phase of growth 1. Focus on profıtable, 2. Transparent and 3. Sensible Capital sustainable growth in KSA progressive dividends Allocation 2027 Key priorities ROTE 17-18%1 Post T1 D
Slide 24: Questions & Answers
Questions & Answers SNB
Slide 25: Appendix
Appendix 04 SNB
Slide 26: SNB Strategy 2025-2027
SNB Strategy 2025-2027 SNB’s comprehensive strategy prioritizes sustainable growth in the Kingdom and embraces a customer-centric approach, while championing innovation Key Pillars Themes Target emerging segments with Market Share and focus on improving returns and fee Grow Financing Drive CASA Enha
Slide 27: SNB Financial Ratio Definitions
Definitions SNB Financial Ratio Definitions Net Special Commission Income Margin Annualized Net Special Commission Income excluding FV adjustment / Average commission earning assets (NSCI Margin; also known as NIM) Cost to Income Ratio (CIR) Total Operating Expense excluding Amortization of Intangib
Slide 28: Additional Information
Additional Information Write to Us Email Us The Saudi National Bank Tower, Unit No. 778 ir@alahli.com King Abdullah Financial District 3208, Al Aqeeq District, King Fahad Road Access SNB’s current and previous Investor Disclosures Riyadh, Kingdom Of Saudi Arabia, 13519 - 6676 SNB Investor Disclosure