alinma 2025
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Theme of the Year

Strategy delivered.

Accelerating innovation.

Driving sustainable growth.

Our strategy is designed to be practical, measurable, and executable across economic cycles. In 2025, execution was the central theme. Across the organization, teams delivered against well-defined priorities with stronger coordination, sharper accountability, and improved speed of decision-making, achieving our Strategy 2025 goals and laying a strong foundation for our Strategy 2030 that was launched this year.

We advanced our core banking activities, maintaining a disciplined approach to capital allocation and risk management. Growth was pursued selectively, with a focus on segments where alinma has clear competitive strengths and the ability to build long-term relationships. At the same time, we continued to refine our internal processes, governance frameworks, and performance management, ensuring that scale did not come at the expense of control.

This execution has resulted in measurable outcomes supported by structural change. Over the course of the strategy cycle, operating income more than doubled, while net income grew by more than three times. Returns strengthened materially, with return on equity and return on assets improving significantly. This execution discipline has become a differentiating strength. It allows alinma to move faster where opportunities exist, adapt to changing conditions, and deliver consistently across business cycles.

Investor Relations Department

P.O. Box 66674, Riyadh 11586

Al Anoud Tower, King Fahad Road, Riyadh

Kingdom of Saudi Arabia

E-mail: IR@alinma.com

Phone: +966-11-218-5555

Consolidated Statement of<br/>Income

Consolidated Statement of
Income

Income statement for the reporting period.

ALINMA BANK (A Saudi Joint Stock Company)

Consolidated Statement of Income

For the year ended December 31

Notes 2025
'000
2024
'000
Income from investments and financing 20 17,369,920 16,154,779
Return on time investments 20 (7,993,202) (7,506,150)
Income from investments and financing, net 20 9,376,718 8,648,629
Fee from banking services – income 21.1 3,203,015 2,921,597
Fee from banking services – expense 21.1 (1,470,687) (1,313,278)
Fees from banking services, net 21.1 1,732,328 1,608,319
Exchange income, net 365,243 379,564
Income from FVSI financial instruments, net 6.1 352,071 237,073
Gain from FVOCI sukuk investments, net 25 911
Dividend income on FVOCI equity investments 30,053 33,004
Other operating income 21.2 48,892 32,576
Total operating income 11,905,330 10,940,076
Salaries and employee related expenses 22 1,810,892 1,664,098
Rent and premises related expenses 71,215 74,210
Depreciation and amortization 9 431,055 353,839
Other general and administrative expenses 27 1,401,433 1,291,492
Operating expenses before impairment charges 3,714,595 3,383,639
Impairment charge on financing, net of recoveries 8.2 1,030,365 1,049,809
Impairment charge / (reversal) on other financial assets 29,706 (550)
Total operating expenses 4,774,666 4,432,898
Net operating income 7,130,664 6,507,178
Share of loss from associates and joint venture 6.5, 6.6 (4,713) (5,106)
Income for the year before zakat 7,125,951 6,502,072
Zakat for the year 24 (728,802) (670,411)
Net income for the year after zakat 6,397,149 5,831,661
Basic and diluted earnings per share ($) 23 2.37 2.22

The accompanying notes from 1 to 41 form an integral part of these consolidated financial statements.