Abu Dhabi Commercial Bank · ADX:ADCB
Abu Dhabi Commercial Bank — Abu Dhabi Commercial Bank PJSC — Q1 2026 Earnings Presentation
28 slides from Abu Dhabi Commercial Bank's earnings presentation, April 2026
Slide 1: First Quarter 2026 Earnings Presentation
ABU DHABI COMMERCIAL BANK PJSC adcb.com/ir First quarter 2026 Earnings presentation April 2026 First 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. AI/digital transformation and ESG updates 18 3. Operating environment & guidance 21 4. Appendix 25 First Quarter 2026 Earnings Presentation
Slide 4: 1. Financial highlights
1. Financial highlights First Quarter 2026 Earnings Presentation
Slide 5: Strong start to 2026 driven by high-quality loan growth, diversified earnings and efficiency gains
FINANCIAL HIGHLIGHTS Strong start to 2026 driven by high-quality loan growth, diversified earnings and efficiency gains against a resilient UAE backdrop Financial highlights Q1’26 key highlights • Consistent execution of the five-year strategy: Strong • ADCB franchise driving customer deposit growth
Slide 6: Sustained momentum with consecutive quarters of growth in profit before tax
FINANCIAL HIGHLIGHTS Sustained momentum with 19 consecutive quarters of growth in profit before tax Income statement (AED mn) Q1’26 Q4’25 Q1’25 ∆QoQ% ∆YoY% Q1’26 profit before tax (AED bn) Total net interest income(1) 3,738 3,833 3,393 (2) 10 3.781 +30% YoY +1% QoQ 19 quarters of consecutive growth
Slide 7: Net interest income up 10% YoY on higher volumes, while NIM remained resilient
FINANCIAL HIGHLIGHTS Net interest income up 10% YoY on higher volumes, while NIM remained resilient supported by strong CASA inflows Net interest income (AED mn) Asset yield (%)(1) Key highlights 3 rate cuts from Sep’25 to Dec’25 • Net interest income of AED 3.738 bn was up 10% YoY, driven by higher
Slide 8: Strong growth in non-interest income across all line items
FINANCIAL HIGHLIGHTS Strong growth in non-interest income across all line items, representing 37% of operating income, up from 32% in Q1’25 Non-interest income (AED mn) Q1’26 Q4’25 Q1’25 ΔQoQ% ΔYoY% Key highlights • Net fees and commission income of AED 938 mn increased Net fees and commission incom
Slide 9: Cost to income ratio at lowest ever quarterly level of 25.6%
FINANCIAL HIGHLIGHTS Cost to income ratio at lowest ever quarterly level of 25.6% Operating expenses (AED mn) Cost to income ratio Key highlights • Strong YoY improvement of 360 bps in Q1’26 cost to +4% -360 bps income ratio to 25.6%, driven by higher operating income combined with significant effic
Slide 10: Balance sheet growth maintained alongside strong capital and liquidity buffers
FINANCIAL HIGHLIGHTS Balance sheet growth maintained alongside strong capital and liquidity buffers Balance sheet (AED mn) Mar’26 Dec’25 Mar’25 ΔQoQ% ΔYoY% CET1 ratio CAR Total assets 808,857 773,654 679,716 5 19 13.82 % 16.95% 13.79% 13.82% 17.00% 16.95% Net interest earning assets 679,794 649,440
Slide 11: Net loans up 5% during Q1'26 across GREs and diversified sectors
FINANCIAL HIGHLIGHTS Net loans up 5% (AED 20 bn) during Q1’26 across GREs and diversified sectors Net loans (AED bn) Gross loans by geography (AED bn) Key highlights 426 414 434 • Credit demand remained resilient across key sectors and 406 23 370 AED 10 bn of gross loans extended to GREs in Q1’26 35
Slide 12: Well diversified and highly secured real estate portfolio with strict internal caps
FINANCIAL HIGHLIGHTS Well diversified and highly secured real estate portfolio with strict internal caps and underwriting policies Commercial real estate investment (% of total gross loans) Total real estate portfolio Portfolio composition Real estate loan classification 39% • Purpose of the loan is
Slide 13: Q1'26 cost of risk of 41 bps remains within guidance of below 60 bps
FINANCIAL HIGHLIGHTS Q1’26 cost of risk of 41 bps remains within guidance of below 60 bps Cost of risk Non-performing loans (AED mn) POCI assets (AED mn) • Net impairment charge increased QoQ primarily driven by provision overlays of AED 596 mn and NPL ratio and NPL ratio including POCI to address h
Slide 14: Disciplined risk management 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 6.7% 1.5% 1.6% 1.5% 1.4% 1.4% 1.4% 1
Slide 15: Highly rated portfolio of investment securities increased 7% YoY to AED 160 bn
FINANCIAL HIGHLIGHTS Highly rated portfolio of investment securities increased 7% YoY to AED 160 bn, with 99.4% allocated to bonds Investment securities (AED mn) Investment securities: AED 160,148 mn(2) Non-Government bond portfolio Domestic 29% Government 65% +7% • Rated A-or better: 93.2% Other GC
Slide 16: Customer deposits increased 5% QoQ, with net inflow of AED 14 bn CASA deposits
FINANCIAL HIGHLIGHTS Customer deposits increased 5% (AED 23 bn) QoQ, with net inflow of AED 14 bn CASA deposits Liability mix Customer deposits (AED bn)(1) CASA split by business (AED mn) Customer deposits 72% 500 523 Total Contribution to Borrowings 15% 442 80 As at 31 Mar 2026 deposits CASA CASA %
Slide 17: Strong capital position supported by earnings growth and efficient capital deployment
FINANCIAL HIGHLIGHTS Strong capital position supported by earnings growth and efficient capital deployment Capital adequacy ratio walkthrough (%)(1) 0.69 0.00 16.95 17.00 1.36 (0.16) (0.04) 1.35 (0.50) (0.04) 1.85 1.78 13.79 12.96 13.82 31-Dec-25 Q1’25 net profit ∆ Impact of changes ∆ Tier-1 ∆ Credi
Slide 18: 2. AI/digital transformation and ESG updates
2. AI/digital transformation and ESG updates First Quarter 2026 Earnings Presentation
Slide 19: Continued progress on AI & digital transformation
AI AND DIGITAL TRANSFORMATION Continued progress on AI & digital transformation Embedding AI across the organisation Strengthening AI foundations • Expanded AI use cases into new business areas, building • Strengthened core AI capabilities, including model evaluation on foundations established in 20
Slide 20: Advancing ESG transparency and sustainable finance momentum
ESG UPDATES Advancing ESG transparency and sustainable finance momentum • Published 2025 sustainability disclosures within 4th globally in Bloomberg ESG score ESG Ratings an Integrated Report, informed by IFRS S1 and S2 ADCB’s Bloomberg ESG score positions the Bank as the In March 2026, the Bank ear
Slide 21: 3. Operating environment & guidance
4. Operating environment & guidance First Quarter 2026 Earnings Presentation
Slide 22: Strong UAE macro-economic fundamentals supporting positive business and consumer confidence
OPERATING ENVIRONMENT & GUIDANCE Strong UAE macro-economic fundamentals supporting positive business and consumer confidence Global: Fed rate cut expectations pared back – market sees US: Recession probability moderated in March; Sharp rise in UAE: Higher oil price could counterbalance weaker export
Slide 23: Investment outlook to remain strong
OPERATING ENVIRONMENT & GUIDANCE Investment outlook to remain strong UAE: Total project awards solid in Q1 2026, at 27% of 2025 total; UAE: Project awards in the UAE ticked up in sequentially in Q1 2026; UAE: Broad-based project award outlook for H1 2026; However, 1Q awards largely in 2M 2026, wait-
Slide 24: Summary and guidance
OPERATING ENVIRONMENT & GUIDANCE Summary and guidance Summary Guidance in five-year strategy Full-year 2026 • Strong performance in Q1’26 across launched in Q1 2025 guidance all businesses, driven by increasingly diversified income streams CET1 ratio >12% >12% • Significant loan and deposit growth u
Slide 25: 4. Appendix
5. Appendix First Quarter 2026 Earnings Presentation
Slide 26: Balance sheet as at 31 March 2026
APPENDIX Balance sheet as at 31 March 2026 AED mn Mar’26 Dec’25 ΔQoQ% Cash and balances with Central banks, net 80,267 63,019 27 Deposits and balances due from banks, net 57,789 56,594 2 Financial assets at fair value through profit or loss 23,781 21,686 10 Derivative financial instruments 16,479 15
Slide 27: Income statement for the three-month period ended 31 March 2026
APPENDIX Income statement for the three-month period ended 31 March 2026 AED mn Q1’26 Q1’25 ΔYoY% Interest and income from Islamic financing 8,546 8,256 4 Interest expense and profit distribution (4,808) (4,863) (1) Net interest and Islamic financing income 3,738 3,393 10 Net fees and commission inc
Slide 28: 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 2024 ESG Report ADCB Green Bon
Abu Dhabi Commercial Bank PJSC — Q1 2026 Earnings Presentation on 6ix