REG - BankMuscat (S.A.O.G) - Preliminary Results - Q1 2026

Bank Muscat SAOGAnnouncement

Wed 07:00

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RNS Number : 5544A  BankMuscat (S.A.O.G)  15 April 2026

 

 

Bank Muscat announces preliminary unaudited results for the three months
ended

31 March 2026

Net Profit at R.O 63.95 million

 

MUSCAT, 15 April, 2026: Bank Muscat, the flagship financial institution in the
Sultanate, announced its preliminary unaudited results for the three months
period ended 31 March 2026. The Bank posted a net profit of R.O 63.95 million
for the period compared to R.O 58.56 million reported during the same period
in 2025, an increase of 9.2 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 R.O 104.14 million for the three months period ended 31
March 2026 compared to R.O 102.00 million for the same period in 2025, an
increase of 2.1 per cent.

 

2)  Non-interest income was R.O 41.13 million for the three months period
ended 31 March 2026 as compared to R.O 38.67 million for the same period in
2025, an increase of 6.4 per cent.

 

3)  Operating expenses for the three months period ended 31 March 2026 was
R.O 57.78 million as compared to R.O 55.03 million for the same period in
2025, an increase of 5.0 per cent.

 

4)  Net impairment losses on financial assets for the three months period
ended 31 March 2026 was R.O 11.24 million as against R.O 15.04 million for the
same period in 2025.

 

5)  Net Loans and advances including Islamic financing receivables increased
by 6.3 per cent to R.O 11,209 million as against R.O 10,541 million as at 31
March 2025.

 

6)  Customer deposits including Islamic Customer deposits increased by 4.9
per cent to R.O 10,492 million as against R.O 10,003 million as at 31 March
2025.

 

Key highlights of preliminary unaudited results

 Particulars (2 million)                             31 Mar                31 Mar                Change (%)

 For the period ended                                2026                  2025
 Net interest income & Islamic financing income       104.14                102.00               2.1%
 Other operating income                               41.13                 38.67                6.4%
 Operating expenses                                   57.78                 55.03                5.0%
 Operating profit                                     87.49                 85.64                2.2%
 Net profit                                           63.95                 58.56                9.2%
 Particulars (2 million)                             31 Mar                31 Mar                Change (%)

 As at period ended                                  2026                  2025
 Total Assets                                         15,379                14,364               7.1%
 Net loans and Islamic financing                      11,209                10,541               6.3%
 -    Conventional loans and advances                 9,494                 8,897                6.7%
 -    Islamic financing receivables                   1,715                 1,644                4.3%
 Customer deposits and Islamic deposits               10,492                10,003               4.9%
 -    Conventional customer deposits                  8,821                 8,433                4.6%
 -    Islamic customer deposits                       1,671                 1,570                6.4%
 Total Equity*                                        2,562                 2,381                7.6%

*Total Equity includes Perpetual Tier I capital of R.O 505 million (2025: R.O
505 million).

 

 

 

The full results for the three months period ended 31 March 2026 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 April 2026.

 

 

 

Waleed K. Al Hashar

Chief Executive Officer

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