REG - BankMuscat (S.A.O.G) - Bank Muscat Preliminary unaudited results

Bank Muscat SAOGAnnouncement

Tue 07:00

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RNS Number : 0892R  BankMuscat (S.A.O.G)  15 July 2025

Bank Muscat announces preliminary unaudited results for the six months ended
 30 June 2025

 

Net Profit at RO 125.82 million

 

MUSCAT, 15 July, 2025: Bank Muscat, the flagship financial institution in the
Sultanate, announced its preliminary unaudited results for the six months
ended 30 June 2025. The Bank posted a net profit of RO 125.82 million for the
period compared to RO 112.12 million reported during the same period in 2024,
an increase of 12.2 per cent.

 

The key highlights of the results for the period are as follows:

 

1)  Net Interest Income from Conventional Banking and Net Income from Islamic
Financing stood at RO 206.44 million for the six months period ended 30 June
2025 compared to RO 190.63 million for the same period in 2024, an increase of
8.3 per cent.

 

2)  Non-interest income was RO 81.83 million for the six months period ended
30 June 2025 as compared to RO 75.27 million for the same period in 2024, an
increase of 8.7 per cent mainly due to growth in business volumes and higher
investment income.

 

3)  Operating expenses for the six months period ended 30 June 2025 was RO
108.08 million as compared to RO 102.13 million for the same period in 2024,
an increase of 5.8 per cent.

 

4)  Net impairment losses on financial assets for the six months period ended
30 June 2025 was RO 30.16 million as against RO 29.96 million for the same
period in 2024.

 

5)  Net Loans and advances including Islamic financing receivables increased
by 5.1 per cent to RO 10,727 million as against RO 10,208 million as at 30
June 2024.

 

6)  Customer deposits including Islamic Customer deposits increased by 3.3
per cent to RO 9,879 million as against RO 9,563 million as at 30 June 2024.

 

Key highlights of preliminary unaudited results

 Particulars (RO millions)                           30 June        30 June     Change (%)

 For the period ended                                2025           2024
 Net interest income & Islamic financing income       206.44         190.63     8.3%
 Other operating income                               81.83          75.27      8.7%
 Operating expenses                                   108.08         102.13     5.8%
 Operating profit                                     180.19         163.77     10.0%
 Net profit                                           125.82         112.12     12.2%
 Particulars (RO millions)                           30 June        30 June     Change (%)

 As at period ended                                  2025           2024
 Total Assets                                         14,186         14,191          -
 Net loans and Islamic financing                      10,727         10,208     5.1%
 -    Conventional loans and advances                 9,079          8,664      4.8%
 -    Islamic financing receivables                   1,648          1,544      6.7%
 Customer deposits and Islamic deposits               9,879          9,563      3.3%
 -    Conventional customer deposits                  8,322          8,258      0.8%
 -    Islamic customer deposits                       1,557          1,305      19.3%
 Total Equity*                                        2,455          2,356      4.2%

*Total Equity includes Perpetual Tier I capital of RO 505 million (2024: RO
505 million).

 

 

 

 

The full results for the six months period ended 30 June 2025 along with the
complete set of unaudited financial statements will be released following the
approval of the Board of Directors of the Bank at its meeting scheduled later
during July 2025.

 

 

 

 

Waleed K. Al Hashar

Chief Executive Officer

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