Banque Saudi Fransi · TADAWUL:1050
Banque Saudi Fransi — FY2025 Earnings Presentation
23 slides from Banque Saudi Fransi's earnings presentation, Feb 2, 2026
Slide 1: BSF 4Q 2025 Earnings Presentation
BSF 4Q 2025 Earnings Presentation 02 February 2026
Slide 2: Highlights & Strategy Update
Highlights & Strategy Update
Slide 3: 18% net income growth YoY supported by healthy top-line growth
18% net income growth YoY supported by healthy top-line growth, positive jaws and lower impairments Balance Sheet Loans & Investments Customers' Loan growth of 5% YoY, driven by Advances Deposits both commercial (+2%) and 214.9 68.7 195.2 consumer (+18%). Investments increased 13% YoY to manage
Slide 4: Healthy asset quality and comfortable capital and liquidity levels
Healthy asset quality and comfortable capital and liquidity levels Asset Quality NPL Ratio NPL Cost of Risk NPL ratio increased modestly Coverage by 4bps YoY, due to higher 0.97% 178.4% 0.45% NPLs in both commercial and consumer portfolios. Coverage ratio remains robust. Improved overall COR d
Slide 5: BSF Strategy 2030 - Save the Date
Save the Date BSF Strategy 2030 Feb 16, 2026 KSA Time: 04:00 - 06:00PM London Time: 01:00-03:00 PM New York Time: 08:00 - 10:00 AM Abu Dhabi Time: 05:00 - 07:00 PM BSF’s Management will present a focused Session focus areas: Speakers: overview of the Bank’s strategic direction, core Group Strategy O
Slide 6: Financial Highlights
Se Financial @ = | Highlights
Slide 7: Balance sheet growth driven by loan growth and investments
Balance sheet growth driven by loan growth and investments Balance Sheet Total Assets Movement YoY (¥ Bn) Growth in total assets of 5% YoY, mainly driven by 5% loan growth, further aided by an +5% increase in investments and partly offset by decrease in interbank lending and other assets. 10.7 (1.
Slide 8: 5% YoY loan growth from both commercial and consumer sectors
5% YoY loan growth from both commercial and consumer sectors Loans & Advances Loans & Advances (¥ Bn) Total loans and advances grew 5% YoY, driven by growth in both consumer and commercial lending. On quarterly basis, loans and advances was stable as we continue to +5% be selective and focus on va
Slide 9: 5% YoY increase in customer deposits
5% YoY increase in customer deposits Customers’ Deposits Customers' Deposits (¥ Bn) Deposits grew 5% YoY and QoQ, led by increased IBD balances. +5% IBDs increased by 13% YoY from both retail and corporate inflows, while NIBDs fell 4% YoY, mainly from lower corporate deposits. 185.1 190.7 182.7
Slide 10: Net income grew 18% YoY from higher net interest income
Net income grew 18% YoY from higher net interest income, positive jaws and lower cost of risk Income Statement Net Income (¥ Mn) Net income for FY 2025 grew 18% YoY to ¥ 5,353mn from higher operating income, positive jaws and lower cost of risk. +13% Total operating income increased 9% driven by
Slide 11: 10% YoY growth in NII driven by earning assets growth
10% YoY growth in NII driven by earning assets growth Net Interest Income Net Interest Income Movement YoY (¥ Mn) NII for FY 2025 increased by 10% YoY to ¥ 8,692mn, driven by 10% average earnings assets growth. +10% Higher NII from loans, investments, customer deposits and cash flow hedging was
Slide 12: Resilient NIM amid declining rate environment
Resilient NIM amid declining rate environment Net Interest Margin YTD NIM Trend Quarterly NIM Trend NIM was flat YoY at 3.04% for FY 2025, supported by lower cost of deposit funding and 6.30% 6.12% 6.15% 6.15% 6.14% lower hedging costs, offset by a decline in interest yields following rate cuts. 5
Slide 13: BSF has limited sensitivity to interest rate changes
BSF has limited sensitivity to interest rate changes NIM Sensitivity Balance Sheet Repricing Profile As of 31 December 2025, BSF estimates a 1-year NIM sensitivity of a 100bps rates change at as at 31 December 2025 (¥ Bn) ±4bps; this would translate into a ¥ ±115mn NII delta. 177.2 161.0 The net
Slide 14: Non-interest income increased 4% YoY on higher investment income
Non-interest income increased 4% YoY on higher investment income Non-Interest Income Non-interest Income Movement YoY (¥ Mn) Non-interest income for FY 2025 increased 4% YoY to ¥ 1,845mn on higher investment- +4% related income from capital gains and a gain on the disposal of an asset in 2Q 2025 r
Slide 15: Operating expenses rose 4% YoY and 13% QoQ on higher G&A expenses
Operating expenses rose 4% YoY and 13% QoQ on higher G&A expenses Operating Expenses Operating Expenses (¥ Mn) Operating expenses increased 4% YoY to ¥ 3,559mn in FY 2025 mainly due to increased general and administrative expenses and higher depreciation. 4Q 24 970 Cost to income ratio decreased
Slide 16: Cost of risk decreased by 13bps YoY to 0.45%
Cost of risk decreased by 13bps YoY to 0.45%, driven by lower commercial losses, recoveries and overall portfolio growth Impairment Charge Impairment Charge (¥ Mn) The total impairment charge for FY 2025 decreased by 16% YoY to ¥ 989mn, from lower commercial impairments, lower investment and other
Slide 17: Asset quality remains strong with modest increase in NPL ratio
Asset quality remains strong with modest increase in NPL ratio YoY and robust coverage NPL & NPL Coverage NPL Ratio (%) The NPL ratio increased 4bps YoY to 0.97% as NPLs increased by 10% relative to 5% gross loan growth. 0.99% 0.97% The NPL coverage ratio decreased by 3.3ppts YoY to 178.4%, main
Slide 18: Healthy capital levels maintained
Healthy capital levels maintained Capital Total Capital Movement YoY (¥ Bn) Total capital (Tier 1 + Tier 2 regulatory capital) increased 13% YoY to ¥ 56.5bn during FY from net income, Tier 2 issuance and OCI, partially offset by the dividends paid; additional +13% tier 1 remained stable as redempt
Slide 19: FY 2025 performance versus 2025 guidance
FY 2025 performance reflects modest loan growth, stable margins, improving cost efficiency and stable asset quality, while cost pressures in 4Q25 impacted profitability Metric FY 2025 Outcome 2025 Guidance Commentaries Loans & Advances Growth +5.3% YOY Mid single digit FY 2025 is in line with guidan
Slide 20: 2026 guidance: favorable year ahead
BSF guides to a favorable year ahead, with sustained loan growth, margin resilience and efficiency improvements supporting profitability Metric FY 2025 Outcome 2026 Guidance Guidance Drivers Loans & Advances Growth +5.3% YOY High single digit The guidance reflects stronger volumes in both commercial
Slide 21: Questions & Answers
Questions & Answers @ BSF
Slide 22: Please contact the Investor Relations team for additional information
Please contact the Investor Relations team for additional information or download BSF’s IR App For more information, please contact us at: Access our IR website: BSF BSF IR Website P.O. Box 56006, Riyadh 11554 Kingdom of Saudi Arabia Find our financial disclosures: [email protected] Financial Disclosures BS
Slide 23: Disclaimer
Disclaimer This presentation is being provided to you for general information purposes. The information contained in the presentation has been obtained from sources believed by BSF to be up to date, correct and reliable, but BSF does not make any representation or warranty, express or implied, with