Abu Dhabi Islamic Bank (ADIB) reported a net profit after tax of Dh1.71 billion ($462.8 million) for the first quarter of 2025, marking an 18% increase from the same period last year. Pre-tax profit also rose 18% to Dh1.94 billion.
Total revenue for the quarter reached Dh2.87 billion, up 14% year-on-year, supported by a 4% increase in funded income to Dh1.75 billion and a 35% rise in non-funded income to Dh1.12 billion.
Total assets grew 25% to Dh243.5 billion, while customer deposits increased 25% to Dh200.1 billion. Customer financing expanded 27% year-on-year to Dh154.5 billion.
The bank’s cost-to-income ratio improved to 28.9% from 30.4% a year earlier. Return on equity rose to 28.8% from 27%.
ADIB’s net profit margin declined slightly to 4.31%, down 36 basis points, despite a 100 basis point cut in the benchmark rate.
The bank added 67,000 new customers during the quarter.
