Slides
Page 1
Forest Dark Lime Lemon Orange Slate Lime> Forest Lime > Dark Dark > Forest 4Q 2025 Earnings Presentation 4 February 2026
Page 2
Forest Dark Lime Lemon Orange Slate Lime> Forest Lime > Dark Dark > Forest Disclaimer The Saudi National Bank (SNB) prepared this presentation on a proprietary basis as general background information about the activities of SNB. The information contained herein is given in summary form and for discussion purposes only. Some of the information that is relied upon by SNB is obtained from sources believed to be reliable, but SNB (nor any of its directors, officers, employees, agents, affiliates or subsidiaries) does not guarantee the accuracy or completeness of such information, and disclaims all liability or responsibility for any loss or damage caused by any act taken as a result of the information. This presentation including the information covered therein is not intended either to be relied upon or construed as an advertisement for, or an offer, solicitation or invitation to sell or issue, or to subscribe, underwrite or otherwise acquire any securities in any jurisdiction. It should and must not be treated as giving tax, legal, investment or other specialist advice or a recommendation to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor. Neither shall any part of this information nor the fact of its distribution form part of or be relied on in connection with any contract or investment decision or commitment relating thereto, nor does it constitute a recommendation regarding the subject of this presentation. All statements included in this presentation other than statements of historical facts, including, without limitation, those regarding financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives) are forward-looking statements and may thus include words like "anticipate", "believe", "intend", "estimate", "expect", "will", "may", "project", "plan" and such other words of similar meaning. Such forward-looking statements are based on numerous assumptions regarding present and future business strategies and the relevant future business environment. Any forward-looking statements speak only as of the date of this presentation and SNB expressly disclaims to the fullest extent permitted by law any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Nothing in the foregoing is intended to or shall exclude any liability for, or remedy in respect of, fraudulent misrepresentation. Due to rounding, numbers and percentages presented throughout this presentation may not add up precisely to the totals provided. SNB is not under any obligation to update, complete, amend, revise or keep current the information contained herein, and any opinions expressed herein are subject to change materially without notice. Accordingly, no representation or warranty, express or implied, is or will be made by SNB, their respective advisors or any such persons’ directors, officers or employees, or any other person as to the accuracy, completeness or fairness of the information or opinions contained in this presentation, and any reliance you place on them will be at your sole risk. Investors must rely solely on their own examinations of the Offering and relevant documentation in making a determination as to whether to invest in the securities described. An investor should seek independent professional advice when deciding if an investment is appropriate. Securities that may be discussed herein may not be suitable for all investors. Investors are required to make their own independent investigation and appraisal of the business and financial condition of SNB and its subsidiaries, the nature of the securities and the merits or suitability of the securities or any transaction to any investor’s particular situation and objectives, including the possible risks and benefits of purchasing any securities. Any such determination should involve an assessment of the legal, tax, accounting, regulatory, financial, credit or other related aspects of the offering or the securities. Without prejudice to the foregoing, SNB, their advisors and any such persons’ directors, officers or employees expressly disclaim any liability whatsoever, in negligence or otherwise, for any loss howsoever arising, directly or indirectly, from use of, or reliance on, this presentation or its contents or otherwise arising in connection therewith. | 4Q 2025 - Earnings Presentation 2
Page 3
Forest Dark Lime Lemon Orange Slate Lime> Forest Lime > Dark Dark > Forest Our goal is to propel the nation’s progress towards Vision 2030 and beyond by spearheading technological innovation, encouraging progressive thinking, and using our expertise to provide the best opportunities for our people and the economy Table of Contents Group CEO’s Opening Remarks 01 Progress on Strategy 03 2025 Financials 02 Appendix 04
Page 4
Forest Dark Lime Lemon Orange Slate Lime> Forest Lime > Dark Dark > Forest Group CEO’s Opening Remarks 01
Page 5
Forest Dark Lime Lemon Orange Slate Lime> Forest Lime > Dark Dark > Forest 2025: Disciplined strategy execution reinforces SNB’s leadership, with scale, growth and efficiency driving profitability Group CEO’s Opening Remarks 5 Launched a new strategy cycle with clear priorities and ambitious targets Year 1 delivered & exceeded annual guidance and set strong foundation for strategy Operating discipline delivered record performance -48 bps +68% YoY +21% YoY Structural improvements driving faster execution and sustainably higher performance • Turnaround times improved: Corporate approvals -68%, Residential finance -35%, Lease finance -38% • NPS increased: Retail branches 86→89; Corporate 66→71 • OHI with higher staff engagement • Credit ratings upgraded by 3 agencies • Deepening Sustainability journey Market Share and Value Creation Operational Excellence Customer Centricity Innovation Talent Magnet Record Net Income4 ¥ 25.0bn +18% YoY MSME Total Credit6 ¥ 107bn +68% YoY Operating Income ¥ 39.2bn +9% YoY OPEX5 ¥ 9.1bn -11% YoY CASA ¥ 464bn +11% YoY +21% YoY Fee and other income ¥ 10.0bn Financing Growth: Low double digit NSCI Growth: Low-to-mid single digit Group CIR: Below 26%1 Domestic CIR: Below 23%1 Cost of Risk: 5 to 15 bps Tier 1 CAR: 19-20% ROTE2: 16.5%-17.5% ROTE, adj.3: 18%-19% +11% YoY 17.2% +5% YoY 19.8% 15bps 23.1% 20.3% 18.6% | 4Q 2025 - Earnings Presentation 1 CIR excluding amortization of intangibles | 2 Refer to Definitions appendix | 3 After Tier 1 Sukuk and Intangible costs | 4 Net Income Attributable to Equity Holders | 5 Operating expenses exclude amortization of intangibles of ¥ 820mn in 2025 | 6 On-balance sheet MSME financing, net ¥ 80bn, +48% YoY 17.2% 18.6%
Page 6
Forest Dark Lime Lemon Orange Slate Lime> Forest Lime > Dark Dark > Forest 2025 Financials 02
Page 7
Forest Dark Lime Lemon Orange Slate Lime> Forest Lime > Dark Dark > Forest +5bps 2.85% QoQ < -15bps 2.87% YoY > -151bps 82.5% YoY > -502bps 20.3% YoY > +11% ¥ bn 729 YoY < +21% ¥ bn 354 YoY < SNB ended 2025 with record net income of ¥ 25bn, underpinned by healthy balance sheet growth, strong core revenues, record-low efficiency and solid credit quality ratios 1 Net of ¥ 3bn Securitization | 2 NPL Ratio excluding POCI | 3 Operating expenses exclude amortization of intangibles of ¥ 820mn in 2025 | 4 CIR excluding amortization of intangibles | 5 Net Income Attributable to Equity Holders | 6 After Tier 1 Sukuk and Intangible costs +10% ¥ bn 636 YoY < 2025 Financial Performance Highlights +74bps 73.0% YoY < -1bps 15bps YoY > from Wholesale financing Funded mainly by Customers’ deposits and maintaining risk costs, CoR delivering attractive profitability and improving CASA ratio Strong financing growth | 4Q 2025 - Earnings Presentation 7 -522bps 23.1% YoY > while OPEX3 decreased by 11% YoY CIR Group4 CIR Domestic4 +98 bps 17.2% YoY > +18% 25.0 YoY > Net income5 ROTE6 +33bps 21.2% YoY < with healthy capital and liquidity -48bps 0.68% YoY > with a decreasing NPL ratio2 +3% 351 YoY < +8% 195 YoY < and Mortgage expansion Retail Mortgages1 ¥ bn although a declining NIM YoY Total CAR SAMA LDR +5% 29.2 YoY < 10.0 YoY < Operating income of ¥ 39.2bn, +9% YoY NSCI Fee & other income +21% ¥ bn ¥ bn ¥ bn ¥ bn
Page 8
Forest Dark Lime Lemon Orange Slate Lime> Forest Lime > Dark Dark > Forest 4.5 54.2 37.3 3.6 (4.2)910.9 1,006.2 +2% +10% +39% -9% +10% 4Q 24 Interbank Customers' deposits Debt securities & term loans Other liabilities Int'l 4Q 25 Total Liabilities Movement YoY (¥bn) Balance sheet expanded by 10% YoY, driven by growth in financing and investments, with domestic customers’ deposits growing 10% YoY Balance Sheet Summary Domestic: +10% Int’l +12% Domestic: +10% Int’l +13% | 4Q 2025 - Earnings Presentation 8 63 76 68 292 318 320 654 725 729 94 88 93 1,104.2 1,206.6 1,210.0 +10% +0% QoQ 4Q 24 3Q 25 4Q 25 Total Assets (¥bn) Cash & interbank Investments Financing Other 3.4 28.2 72.1 3.7 (1.5)1,104.2 1,210.0 +6% +10% +11% -2% +12% +10% 4Q 24 Cash & interbank Investments Financing & advances Other assets Int'l 4Q 25 Total Assets Movement YoY (¥bn) 185 205 190 580 639 636 95 121 133 51 45 47910.9 1,009.6 1,006.2 +10% -0% QoQ 4Q 24 3Q 25 4Q 25 Total Liabilities (¥bn) Interbank Customers' Deposits Debt Securities & Term Loans Other
Page 9
Forest Dark Lime Lemon Orange Slate Lime> Forest Lime > Dark Dark > Forest Retail 48.1% (-3.8ppts) Corporate 32.6% (+0.9ppts) MSME 11.0% (+2.7ppts) FI 5.0% (+0.1ppts) Int'l 2.8% (+0.1ppts) Other 0.5% (-0.0ppts) Financing & Advances, Net Composition (%) and YoY change (ppts) 14.0 30.4 4.4 25.9 0.3 3.0 (3.0) 654.3 729.3 +8% -2% +15% +14% +48% +10% +17% +11% 4Q 24 Mortgages Other Retail Corporate FI MSME Other Int'l 4Q 25 Financing & Advances, Net Movement YoY (¥bn) Financing increased 11% YoY fueled by Wholesale financing and mortgages Financing & Advances | 4Q 2025 - Earnings Presentation Domestic: +11% Int’l +17% Retail: +¥ 11.0bn (+3%) 9 1 1 Net of ¥ 3bn Securitization | 2 Excluding HNW Repayments and Securitization, Retail grew +10% Achieved: 2025 Guidance Low double digit 2 Consumer 48.1% (-3.8ppts) Commerce 13.4% (+1.9ppts) Utilities & health 8.8% (+0.5ppts) Manufacturing 6.4% (-0.1ppts) Banking & financials 5.8% (+0.7ppts) Transport & comms 5.0% (+1.1ppts) Govt. & quasi Govt. 2.1% (-0.1ppts) Building & construction 1.6% (+0.1ppts) Other 8.8% (-0.2ppts) Financing & Advances, Net by Sector (%) and YoY change (ppts) Wholesale: +¥ 60.8bn (+21%) 340 347 351 207 234 238 32 41 3654 79 8017 21 203 4 4654.3 725.1 729.3 +11% +1% QoQ 4Q 24 3Q 25 4Q 25 Financing & Advances, Net (¥bn) Retail Corporate FI MSME Int'l Other
Page 10
Forest Dark Lime Lemon Orange Slate Lime> Forest Lime > Dark Dark > Forest Investments increased by 9% YoY, supported by growth in SGDS, other fixed income and funds & equity 1 Saudi Government Debt Securities including SAMA bills (investment grade) Investments 1 Domestic: +10% Int’l -12% | 4Q 2025 - Earnings Presentation 10 26 30 31 87 93 94 180 195 195 292.5 318.2 320.0 +9% +1% QoQ 4Q 24 3Q 25 4Q 25 Investments, Net (¥bn) Held at FVIS Held at FVOCI Held at amortised cost 163 178 179 96 104 105 28 30 316 5 5292.5 318.2 320.0 +9% +1% QoQ 4Q 24 3Q 25 4Q 25 Investments, Net by Instrument (¥bn) SGDS Other fixed income Funds & equity Int'l 15.7 9.6 2.9 (0.7)292.5 320.0 +10% +10% +10% -12% +9% 4Q 24 SGDS Other fixed income Funds & equity Int'l 4Q 25 Investments, Net Movement YTD (¥bn) Saudi Arabia 61.0% (-1.6ppts) USA 19.0% (+0.6ppts) GCC & Middle East 4.6% (-0.1ppts) Europe 3.1% (-0.4ppts) Turkey 1.1% (-0.4ppts) Other 11.2% (+1.8ppts) Investments, Net by Geography (%) and YoY change (ppts)
Page 11
Forest Dark Lime Lemon Orange Slate Lime> Forest Lime > Dark Dark > Forest 43.6 10.6 1.8 0.4 579.8 636.1 +11% +7% +21% +3% +10% 4Q 24 CASA Time & other CASA Time & other 4Q 25 Customers' Deposits Movement YoY (¥bn) Customers’ deposits grew 10% YoY, primarily driven by domestic CASA inflows; the CASA ratio settled at 73% Customers' Deposits Domestic: +10% Int’l +9% | 4Q 2025 - Earnings Presentation 11 72.2% 74.5% 75.9% 76.2% 73.0% 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 CASA Ratio (%) CASA 73.0% (+0.7ppts) Time 23.0% (+0.5ppts) Other 4.0% (-1.3ppts) Customers' Deposits by Type (%) and YoY change (ppts) Domestic 96.0% (+0.0ppts) Int'l 4.0% (-0.0ppts) Customers' Deposits by Geography (%) and YoY change (ppts) 419 487 464 130 123 14631 29 26 579.8 639.5 636.1 +10% -1% QoQ 4Q 24 3Q 25 4Q 25 Customers' Deposits (¥bn) CASA Time Other
Page 12
Forest Dark Lime Lemon Orange Slate Lime> Forest Lime > Dark Dark > Forest (59) 321 305 870 74 68 (867) 5,557 5,615 6,318 6,385 +5% +17% -41% +46,163% -9% +15% +13% 4Q 24 Int'l Group Ex Int’l NSCI Fee & other income Opex Impairments Other Group Ex Int’l Int'l 4Q 25 Quarterly Net Income Attributed To Equity Holders Movement YoY (¥mn) (146) 1,232 1,429 1,186 123 47 (343) 21,193 21,339 24,966 25,013 +5% +19% -14% -12% 10% +18% +17% FY 24 Int'l Group Ex Int’l NSCI Fee & other income Opex Impairments Other Group Ex Int’l Int'l FY 25 Full-Year Net Income Attributed To Equity Holders Movement YoY (¥mn) 16.2% 17.5% 17.3% 17.5% 17.2% 17.5% 19.1% 18.7% 18.9% 18.6% ROTE ROTE, adj. 2.1% 2.2% 2.2% 2.2% 2.2% FY 24 1Q 25 1H 25 9M 25 FY 25 Returns YTD (%) ROTA 18% YoY Net income growth driven by revenue uplift and cost discipline Income Statement Summary 1 Operating expenses exclude amortization of intangibles of ¥ 820mn in 2025 and 2024, ¥ 205mn in 4Q 2025 and 4Q 2024 | 2 Other includes amortization of intangibles, other non-operating expenses and zakat | 3 Refer to Definitions appendix Operating income: +¥ 625mn (+7%) 1 2 | 4Q 2025 - Earnings Presentation Operating income: +¥ 2,661mn (+8%) 1 2 12 3 Achieved: 2025 Guidance ROTE3: 16.5%-17.5% ROTE, adj.3: 18%-19% 5,615 6,436 6,318 (59) 32 685,557 6,469 6,385 +15% -1% QoQ 4Q 24 3Q 25 4Q 25 Net Income (¥mn) Group, excl. Int'l Int'l
Page 13
Forest Dark Lime Lemon Orange Slate Lime> Forest Lime > Dark Dark > Forest 0.9 0.8 1.4 0.8 0.6 (1.9) 27.7 27.1 28.3 29.2 +5% +4% +12% +8% +5% +5% FY 24 Int'l Group Ex Int’l Retail financing Wholesale financing Inv. & placements CoF Group Ex Int’l Int'l FY 25 Net Special Commission Income Movement YoY (¥bn) 6.8 7.1 7.2 0.1 0.2 0.46.9 7.3 7.5 +8% +3% QoQ 4Q 24 3Q 25 4Q 25 Group, excl. Int'l Int'l 5% YoY NSCI growth, reflecting solid earning assets expansion despite modest margin pressure NSCI & Margin 1 NSCI margin calculation excludes FV unwind of ¥ 366mn (2024: ¥ 368mn) 1 1 Domestic: -16bps Int’l: +1bps | 4Q 2025 - Earnings Presentation 13 5.71% 5.57% 5.52% 5.61% 5.51% 2.94% 2.79% 2.95% 2.97% 2.90% 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 Group, excl Int'l, Commission Yield & Funding Cost QTR (%) Commission yield CoF Achieved: 2025 Guidance Low-to-mid single digit growth 0.02% 0.07% 0.01% -0.11% -0.14% 3.02% 2.87% -15bps FY 24 Retail financing Wholesale financing Investments & placements CoF Int'l FY 25 Net Special Commission Margin Movement YoY (%) 2.92% 3.05% 2.79% 2.80% 2.85% 2.98% 3.05% 2.83% 2.82% 2.81% 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 NSCI Margin QTR (%) Group Group, excl Int'l Quarterly Net Special Commission Income YoY (¥bn)
Page 14
Forest Dark Lime Lemon Orange Slate Lime> Forest Lime > Dark Dark > Forest 189 213 958 665 (107) (31) (2) 4,377 3,712 3,974 4,931 -20% -3% -0% +25% +45% +13% +7% FY 24 Int'l Group Ex Int’l Brokerage Inv. Mgt. Financing & cards Trade finance Other Group Ex Int’l Int'l FY 25 Fee Income From Banking Services, Net Movement YoY (¥mn) Fee and Other Income increased by 21% driven by investment income, FX, trade finance and International, partially offset by lower brokerage income on lower market activity Fee & Other Income 1 Other includes Cash management, POS and Remittance income| 4Q 2025 - Earnings Presentation 14 1 +20% 813 992 899 209 268 292 1,022 1,260 1,191 +17% -5% QoQ 4Q 24 3Q 25 4Q 25 Fee Income From Banking Services, Net (¥mn) Group, excl. Int'l Int'l 1,765 2,456 2,070 303 382 351 2,068 2,838 2,421 +17% -15% QoQ 4Q 24 3Q 25 4Q 25 Fee & Other Income (¥mn) Group, excl. Int'l Int'l 262 409 1,026 1,270 970 (267) 8,310 7,340 8,769 10,039 +7% +29% +29% +20% +21% +19% FY 24 Int'l Group Ex Int’l Fee income from banking services FX Inv.-related Other expenses Group Ex Int’l Int'l FY 25 Fee and Other Income Movement YoY (¥mn)
Page 15
Forest Dark Lime Lemon Orange Slate Lime> Forest Lime > Dark Dark > Forest 115 1,533 1,496 (30) (217) (1,054) 10,202 8,705 7,520 9,052 +3% -7% -16% -37% -11% -14% FY 24 Int'l Group Ex Int’l Employee- related Premises Depreciation G&A Group Ex Int’l Int'l FY 25 Total Operating Expenses Movement YoY (¥mn) Operating expenses declined by 11% YoY, resetting efficiency ratios to record lows Operating Expenses 1 Operating expenses exclude amortization of intangibles of ¥ 820mn (2024: ¥ 820mn) 1 1 1 Domestic: -524bps Int’l: +2bps | 4Q 2025 - Earnings Presentation 15 1 2,118 1,962 1,248 420 324 437 2,538 2,287 1,684 -34% -26% QoQ 4Q 24 3Q 25 4Q 25 Operating Expenses (¥mn) Group, excl. Int'l Int'l Exceeded: 2025 Guidance Group: Below 26% Domestic: Below 23% 28.3% 26.2% 26.6% 25.2% 23.1%25.3% 23.3% 23.6% 22.6% 20.3% FY 24 1Q 25 1H 25 9M 25 FY 25 Cost to Income Ratio YTD (%) Group Group, excl. Int'l 28.3% 0.1% -1.9% -3.3% -0.1% 23.1% -522bps FY 24 Domestic NOR Domestic OPEX Int'l NOR Int'l OPEX FY 25 Cost to Income Ratio Movement YoY (%)
Page 16
Forest Dark Lime Lemon Orange Slate Lime> Forest Lime > Dark Dark > Forest 0.16% 0.02% -0.04% 0.02% 0.15% 0.16% -0.00% -0.06% 0.00% 0.13% FY 24 1Q 25 1H 25 9M 25 FY 25 Cost of Risk YTD (%) Group Group, excl. Int'l Cost of Risk normalized to 15bps after a period of material recoveries from fully provisioned exposures Financing Credit Impairments & Cost of Risk 1 COR including POCI| 4Q 2025 - Earnings Presentation 16 1 Domestic: -3bps Int’l: +2bps 0.08% 0.02% -0.11% 0.16% 0.15% -1bps FY 24 Retail Wholesale Int'l FY 25 Cost of Risk Movement YoY (%) 551 152 13 (654) 1,026 1,013 910 1,062 -298% -55% +3% -10% FY 24 Int'l Group Ex Int’l Wholesale Retail Group Ex Int’l Int'l FY 25 Impairment Charge for Financing and Advances Losses Movement YoY (¥mn) Achieved: 2025 Guidance 5 to 15 bps (22) 209 887 18 31 73 (4) 241 960 +299% QoQ 4Q 24 3Q 25 4Q 25 Impairment Charge for Financing and Advances Losses YoY (¥mn) Group Ex Int’l Int'l
Page 17
Forest Dark Lime Lemon Orange Slate Lime> Forest Lime > Dark Dark > Forest Asset quality improved, with the NPL ratio declining further to 68 basis points, partially driven by year-end write-offs of fully provided exposures Credit Quality 1 Group including POCI : 0.91%| 4Q 2025 - Earnings Presentation 17 1 Domestic: -36% Int’l: -16% 1.16% 0.91% 0.81% 0.80% 0.68% 1.13% 0.89% 0.78% 0.78% 0.65% 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 NPL Ratio (%) Group Group, excl. Int'l 0.35% 0.34% 0.34% 0.27% 0.32% 8.0% 7.2% 6.4% 8.3% 5.1% 84.1% 81.7% 76.4% 78.4% 76.2% 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 Coverage by Stage (%) Stage 1 Stage 2 Stage 3 7,269 5,517 4,648 423 362 354 7,692 5,880 5,001 -35% -15% QoQ 4Q 24 3Q 25 4Q 25 Non-performing financing and advances (¥mn) Group, excl. Int'l Int'l 5.0 1.7 (0.8) (1.8) (0.1) 7.7 6.7 -40% -35% -16% -35% NPLs 4Q 24 Retail Wholesale Int'l NPLs 4Q 25 POCI balance Impaired financing 4Q 25 Credit Impaired Financing Movement YoY (¥bn)
Page 18
Forest Dark Lime Lemon Orange Slate Lime> Forest Lime > Dark Dark > Forest Capitalization remains strong, supported by solid net income generation, despite robust financing growth 1 Quarterly Average Capitalization & Liquidity | 4Q 2025 - Earnings Presentation 18 1 Achieved: 2025 Guidance Tier 1 CAR: 19-20% 106.6% 106.6% 112.4% 112.3% 114.2% 265.2% 245.5% 227.4% 262.6% 285.1% 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 Liquidity Ratios (%) NSFR LCR 84.0% 82.5% 79.2% 82.8% 82.5% 90.0% 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 SAMA Loan-to-Deposit Ratio (%) SAMA LDR Regulatory ceiling 157.1 25.0 1.9 4.3 (12.0) (0.6) 175.6 +12% 4Q 24 Net income Dividend payout OCI Net AT1 & T2 FX reserve & Other 4Q 25 Total Eligible Capital Movement YoY (¥bn) 20.8% 19.3% 20.6% 20.8% 21.2% 17.6% 16.3% 17.3% 17.6% 17.7% 20.3% 18.8% 19.5% 19.5% 19.8% 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 Capitalization Ratios (%) CAR CET1 ratio Tier 1 ratio
Page 19
Forest Dark Lime Lemon Orange Slate Lime> Forest Lime > Dark Dark > Forest 2026 guidance supports continued progress toward the Strategy’s targets Outlook & Guidance 19 1 Macro-economic Indicator Sources: SNB, KSA MoF, IMF. US Federal Reserve, Gastat, Eikon | 2 Macro-economic forecasts indicate 2025 average, except US FFR, which is a year-end estimate | 3 CIR excluding amortization of intangibles | 4 Refer to Definitions appendix| 4Q 2025 - Earnings Presentation Real GDP Growth US FFR Inflation Avg Brent Oil Price / bbl Non-Oil GDP Growth Macro-Economic Outlook1 FY 2025 +4,4% 3.5-3.75% 2.0% USD 68 +5.0% FY 2025 Baseline FY 2026 GuidanceSNB Financial Guidance NSCI Growth ¥ 29.2bn +5% Mid single digit Cost of Risk 15 bps 15 to 25 bps Tier 1 CAR 19.8% 19-20% Financing Growth ¥ 729bn +11% High single digit FY 20262 +4.7% 3.0-3.25% 1.7% USD 63 +4.0% 23.1% 20.3% Group Cost to Income Ratio3 Domestic Cost to Income Ratio3 Below 25% Below 22.5% 16% to 17% 17% to 18% ROTE 18.6% 17.2% ROTE, adjusted4
Page 20
Forest Dark Lime Lemon Orange Slate Lime> Forest Lime > Dark Dark > Forest Update on Strategy 03
Page 21
Forest Dark Lime Lemon Orange Slate Lime> Forest Lime > Dark Dark > Forest Financing growth CAGR 2024-27 ¥ 654bn Low teens Low double digit CASA growth CAGR 2024-27 ¥ 419bn Low teens High single to low double digit NSCI growth CAGR 2024-27 ¥ 27.7bn Low double digit High single digit Banking fee growth CAGR 2024-27 ¥ 4.4bn High teens Mid Teens Group CIR 28.3% <25.5% <24% Domestic CIR 25.3% <23% <22% CoR 16 bps 20-40 bps 20-30 bps Tier 1 CAR 20.3% 19-20% 19-20% ROTE ROTE, adjusted 16.2% 17.5% 17-18% 18-19% 17-18% 18-19% Dividend payout 2025-27 54% 50-60% 50-60%2 2027 target updates deliver sustainable, value-driven growth while sustaining strong returns 1 Refer to Definitions appendix | 2 Subject to market dynamics 21 Strategy KPIs Review Metrics1 2024 Baseline 2027 Initial Targets 2027 Targets Updated | 4Q 2025 - Earnings Presentation Topline growth adjustments reflecting the value-driven domestic growth and updated sector fees… …with further efficiency improvements and resilient capitalization… …to sustain strong returns
Page 22
Forest Dark Lime Lemon Orange Slate Lime> Forest Lime > Dark Dark > Forest Strategy KPIs Review Strong momentum across non-financial 2027 targets 22 Area Growth Metrics 2024F Baseline Progress 2025, YoY Customer centricity Innovation Share of Retail digital financing sales 15% SNB NEO customers 1 mn Data Use Cases 3 31% ~1.3 mn 17 SNB Capital leadership 2027 Targets & Commentary Talent magnet Organizational Health Index (OHI) Baseline Training Days per Employee 2.5 - 3.6 +20% 2026 OHI pulse survey achieved record participation rates, reflecting employee trust +15% 44% increase in training reflecting the bank’s commitment to talent development AUM market share #1 Investment Banking market share #2 Brokerage market share #2 #1 #2 #2 #1 #1 #1 SNBC continued to be the leading Saudi Capital Market Institution with around SAR 100 million more in AUM than its closest competitor, as per latest CMA disclosure SNBC recorded 15.2% market share in 2025, maintaining 2nd position amidst increasing pressure from Foreign CMIs Customer Experience revamp underway New Voice of Customer Framework in development, building on the existing CX successes Creating a unified and elevated SNB experience across channels Deepening customer engagement within customer journeys and product lifecycle Targeting best in class CX in the Kingdom, in -line with Global standards, guided by a detailed CX maturity assessment exercise Updates planned for 2H 2026 | 4Q 2025 - Earnings Presentation Increased product suite availability on the app & leveraged on branch digital migration through referrals Customer activation driven by marketing campaigns Data Use cases projected to exceed KPI and are already yielding results across deposits, sales & cross-sell 30% >5 mn >30
Page 23
Forest Dark Lime Lemon Orange Slate Lime> Forest Lime > Dark Dark > Forest 2025 provides a solid foundation for achieving SNB’s objectives and catalyzing Saudi Arabia’s next phase of growth Strategic Priorities 23 1. Focus on profıtable, sustainable growth in KSA ROTE 17-18%1 Post T1 Sukuk Cost, with Domestic Focus 2. Transparent and progressive dividends Dividend Payout of 50-60%2 3. Sensible Capital Allocation Tier 1 CAR 19-20% 1 18-19% Pre T1 Sukuk Cost | 2 Subject to market dynamics | 3 Refer to Definitions appendix | 4 After Tier 1 Sukuk and Intangible costs | 4Q 2025 - Earnings Presentation ROTE3 17 .2% ROTE, adj.4 18.6% Dividend payout 52% Tier 1 CAR 19.8%2025 Actual 2027 Key priorities and targets
Page 24
Forest Dark Lime Lemon Orange Slate Lime> Forest Lime > Dark Dark > Forest Questions & Answers
Page 25
Forest Dark Lime Lemon Orange Slate Lime> Forest Lime > Dark Dark > Forest Appendix 04
Page 26
Forest Dark Lime Lemon Orange Slate Lime> Forest Lime > Dark Dark > Forest SNB’s comprehensive strategy prioritizes sustainable growth in the Kingdom and embraces a customer-centric approach, while championing innovation SNB Strategy 2025-2027 | 4Q 2025 - Earnings Presentation 26 Key Pillars Market Share and Value Creation Operational Excellence Customer Centricity Innovation Talent Magnet Target emerging segments with focus on improving returns and fee generation Deliver organizational agility and accelerate time to market through operating model enhancements Set up a culture of customer centricity across the organization Expand into digital innovations and capture the value from data & analytics Strengthen Organizational Health Index and specialized hiring programs Themes Grow Financing Market Share Improve Operating Model Embed Customer Experience Culture Accelerate Adoption of Digital Innovation Create a Distinctive Culture Become a Talent Magnet Capture the Value from Data and Analytics Capture Non-FTE Cost Savings Improve Customer Experience Outcomes Drive CASA Acquisition Enhance Fee Income
Page 27
Forest Dark Lime Lemon Orange Slate Lime> Forest Lime > Dark Dark > Forest SNB Financial Ratio Definitions Definitions 1 After deducting Tier 1 Sukuk cost | 2 Tangible Equity excludes Goodwill, Intangible Assets, Perpetual Sukuk, and Minority Interest Net Special Commission Income Margin (NSCI Margin; also known as NIM) Annualized Net Special Commission Income excluding FV adjustment / Average commission earning assets Cost to Income Ratio (CIR) Total Operating Expense excluding Amortization of Intangible Costs / Total Operating Income Cost of Risk (CoR) Expected Credit Losses / Average Gross Financing and Advances including POCI Tier 1 CAR Total Tier 1 Capital (CET 1 + Additional Tier 1) / Risk Weighted Assets (RWA) Return on Tangible Equity (ROTE) Annualized Net Income1 / Average Tangible Equity2 ROTE, adjusted Annualized Net Income (before deducting Tier 1 Sukuk and Amortization of Intangible Costs) / Average Tangible Equity2 | 4Q 2025 - Earnings Presentation 27
Page 28
Forest Dark Lime Lemon Orange Slate Lime> Forest Lime > Dark Dark > Forest Additional Information | 4Q 2025 - Earnings Presentation 28 Write to Us The Saudi National Bank Tower, Unit No. 778 King Abdullah Financial District 3208, Al Aqeeq District, King Fahad Road Riyadh, Kingdom Of Saudi Arabia, 13519 - 6676 Email Us ir@alahli.com Access SNB’s current and previous Investor Disclosures SNB Investor Disclosures Access SNB’s 4Q 2025 Earnings Call Replay SNB’s 4Q 2025 Earnings Call Replay Access SNB’s Sustainability Reports SNB Sustainability Reports Visit our website alahli.com