ADIB delivers Strong H1 2026 results, with net profit before tax increasing 9% to 4.3 billion, and Industry-Leading ROE of 28%

Net Profit

ADIB continued to deliver strong and sustainable growth in H1 2026, with net profit before tax increasing 9% year-on-year to AED 4.3 billion and rising 6% during the second quarter compared to Q1 2026 to AED 2.2 billion.

The strong performance was driven by significant customer financing growth, strong asset quality, and diversified revenue streams.

The Bank added 125,000 new customers during the first half of the year, supporting balance sheet expansion and reinforcing the strength of its franchise.

Net profit after tax for H1 2026 stood at AED 3.8 billion, up 8% compared to H1 2025, with ADIB continuing to deliver industry-leading profitability, generating a return on equity of 28%.

Revenues

Revenue for the first half of 2026 reached AED 6.5 billion, up 9% year-on-year, reflecting strong momentum across ADIB's core businesses and continued franchise expansion.

Growth was driven by a 26% increase in customer financing, strong deposit growth, continued customer acquisition and higher business volumes across key segments.

Funded income increased by 14% year-on-year to AED 4.1 billion in H1 2026, driven by strong financing growth across retail and wholesale segments and the bank’s ability to generate sustainable returns.

ADIB maintained a net profit margin of 3.78%, reflecting disciplined asset pricing and effective balance sheet management.

Non‑funded income grew to AED 2.4 billion, up 3% year‑on‑year and up 6% quarter-on-quarter to AED 1.23 billion in Q2 2026, supported by higher cards, FX, trade-related and investment income.. Non‑funded income contributed for 37% of total revenues, demonstrating the strength of ADIB’s diversified business model and continued progress in broadening revenue sources.

Expenses

ADIB continued to demonstrate strong cost discipline while investing for future growth, maintaining a cost‑to‑income ratio of 29.0% in H1 2026 and improving the cost to income ratio to 28.3% in Q2 2026.

Operating expenses increased by 12% year‑on‑year to AED 1.9 billion in H1 2026, reflecting continued investments in talent, technology, digital capabilities and business expansion initiatives that support the Bank's long -term growth strategy.

Provisions and asset quality

Asset quality continued to strengthen during H1 2026, supported by disciplined underwriting standards, proactive portfolio management and the continued remediation of legacy exposures.

NPA ratio reaching a record low of 2.2% and coverage increasing to 108%, reflecting disciplined underwriting standards and prudent risk management.

Impairments amounted to AED 301 million in H1 2026, broadly stable year‑on‑year and translating to a cost of risk of 33 basis points, reflecting the resilience of the financing portfolio and stable credit performance.

The non-performing asset ratio continued to improve to 2.2%, a record low for the bank, reflecting continued strengthening of portfolio quality and sustained risk discipline across the business.

Provision coverage levels continued to strengthen, underscoring ADIB's disciplined approach to risk management. Coverage including collateral rose by 16.3 percentage points to 177.1%, while coverage excluding collateral increased to 108.1% from 85.3% a year ago.

Balance sheet

ADIB's balance sheet continued to expand across key business segments, with total assets increasing by 17% year-on-year to reach AED 304 billion, surpassing the AED 300 billion milestone for the first time in the Bank's history.

This growth was supported by strong financing growth across both retail and corporate banking and sustained customer acquisition momentum across key segments.

Gross Customer financing grew 26% year‑on‑year, representing an AED 43 billion increase compared to H1 2025 and AED 24 billion year‑to‑date. Growth remained well ahead of the Bank's full-year guidance and was driven by broad-based growth across retail and wholesale banking segments.

Customer deposits increased 15% year‑on‑year to AED 246 billion, up from AED 213 billion as of 30 June 2025 and rising by AED 17 billion year‑to‑date. This growth supported a strong and resilient funding profile, with current and savings accounts (CASA) growing 7% year‑on‑year and now comprising 64% of total deposits, one of the highest CASA ratios in the sector, reflecting strong customer confidence and funding stability.

Liquidity and capital

Total equity increased 13% year-on-year to AED 32 billion, supported by strong earnings generation, enabling the Bank to continue supporting robust financing growth and balance sheet expansion.

The advances to stable funding ratio stood at 90.0% while the eligible liquid asset ratio was 15.0%, reflecting a healthy funding profile and robust liquidity buffers.

“Surpassing AED 300 billion in assets for the first time marks a significant milestone in ADIB's growth journey and reflects the strength of our franchise, the trust of our customers, the resilience of the UAE economy and our ability to deliver industry-leading profitability while maintaining a strong funding profile, robust asset quality and a healthy growth pipeline." - H.E. Jawaan Awaidah Al Khaili, Chairman.

“Our results demonstrate the quality and sustainability of ADIB's earnings, supported by strong funding and liquidity, disciplined risk management, continued market share gains and a healthy growth pipeline across both retail and wholesale banking." - Mohamed Abdelbary, Group Chief Executive Officer (GCEO)