REG - BankMuscat (S.A.O.G) - Preliminary unaudited results - Q3 2025

Bank Muscat SAOGAnnouncement

15/10/2025 07:00

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RNS Number : 4621D  BankMuscat (S.A.O.G)  15 October 2025

Bank Muscat announces preliminary unaudited results for the nine months
ended   30 September 2025

 

Net Profit at RO 191.57 million

 

MUSCAT, 15 October, 2025: Bank Muscat, the flagship financial institution in
the Sultanate, announced its preliminary unaudited results for the nine months
ended 30 September 2025. The Bank posted a net profit of RO 191.57 million for
the period compared to RO 170.79 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 310.9 million for the nine months period ended 30
September 2025 compared to RO 293.91 million for the same period in 2024, an
increase of 5.8 per cent.

 

2)  Non-interest income was RO 123.57 million for the nine months period
ended 30 September 2025 as compared to RO 110.33 million for the same period
in 2024, an increase of 12.0 per cent mainly due to growth in business volumes
and higher investment income.

 

3)  Operating expenses for the nine months period ended 30 September 2025 was
RO 162.82 million as compared to RO 154.64 million for the same period in
2024, an increase of 5.3 per cent.

 

4)  Net impairment losses on financial assets for the nine months period
ended 30 September 2025 was RO 43.63 million as against RO 46.12 million for
the same period in 2024.

 

5)  Net Loans and advances including Islamic financing receivables increased
by 4.2 per cent to RO 10,702 million as against RO 10,268 million as at 30
September 2024.

 

6)  Customer deposits including Islamic Customer deposits stood at RO 10,099
million as against RO 10,110 million as at 30 September 2024.

 

Key highlights of preliminary unaudited results

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

 For the period ended                                2025                  2024
 Net interest income & Islamic financing income       310.90                293.91               5.8%
 Other operating income                               123.57                110.33               12.0%
 Operating expenses                                   162.82                154.64               5.3%
 Operating profit                                     271.65                249.60               8.8%
 Net profit                                           191.57                170.79               12.2%
 Particulars (RO millions)                           30 Sep                30 Sep                Change (%)

 As at period ended                                  2025                  2024
 Total Assets                                         14,555                14,056               3.6%
 Net loans and Islamic financing                      10,702                10,268               4.2%
 -    Conventional loans and advances                 9,041                 8,685                4.1%
 -    Islamic financing receivables                   1,661                 1,583                4.9%
 Customer deposits and Islamic customer deposits      10,099                10,110               -0.1%
 -    Conventional customer deposits                  8,524                 8,568                -0.5%
 -    Islamic customer deposits                       1,575                 1,542                2.1%
 Total Equity*                                        2,528                 2,407                5.0%

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

 

 

 

 

The full results for the nine months period ended 30 September 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 October 2025.

 

 

 

 

Waleed K. Al Hashar

Chief Executive Officer

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