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Bank Muscat (S.A.O.G) announced its preliminary unaudited results for the year ended 31 December 2025 on 14 January 2026, reporting a net profit of RO 255.54 million, an increase of 13.3% from RO 225.58 million in the prior year. Net loans and advances rose by 4.8% to RO 10,731 million, and customer deposits increased by 6.7% to RO 10,430 million.
| Date | 14 Jan 2026 |
| Time | 07:11:34 |
| Category | Results |
| ID | 8514O |
Bank Muscat announces preliminary unaudited results for the year ended
31 December 2025
Net Profit at RO 255.54 million
MUSCAT, 14 January, 2026: Bank Muscat, the flagship financial institution in the Sultanate, announced its preliminary unaudited results for the year ended 31 December 2025. The Bank posted a net profit of RO 255.54 million for the period compared to RO 225.58 million reported during the same period in 2024, an increase of 13.3 per cent.
The key highlights of the results for the year are as follows:
1) Net Interest Income from Conventional Banking and Net Income from Islamic Financing stood at RO 413.01 million for the year ended 31 December 2025 compared to RO 397.70 million for the same period in 2024, an increase of 3.8 per cent.
2) Non-interest income was RO 174.18 million for the year ended 31 December 2025 as compared to RO 145.00 million for the same period in 2024, an increase of 20.1 per cent due to growth in business volumes and higher investment income.
3) Operating expenses for the year ended 31 December 2025 was RO 222.88 million as compared to RO 209.26 million for the same period in 2024, an increase of 6.5 per cent.
4) Net impairment losses on financial assets for the year ended 31 December 2025 was RO 60.97 million as against RO 64.41 million for the same period in 2024.
5) Net Loans and advances including Islamic financing receivables increased by 4.8 per cent to RO 10,731 million as against RO 10,237 million as at 31 December 2024.
6) Customer deposits including Islamic Customer deposits increased by 6.7 per cent to RO 10,430 million as against RO 9,777 million as at 31 December 2024.
Key highlights of preliminary unaudited results
|
Particulars (RO million) For the year ended |
31 Dec 2025 |
31 Dec 2024 |
Change (%) |
|
Net interest income & Islamic financing income |
413.01 |
397.70 |
3.8% |
|
Other operating income |
174.18 |
145.00 |
20.1% |
|
Operating expenses |
222.88 |
209.26 |
6.5% |
|
Operating profit |
364.31 |
333.44 |
9.2% |
|
Net profit |
255.54 |
225.58 |
13.3% |
|
Particulars (RO million) As at year ended |
31 Dec 2025 |
31 Dec 2024 |
Change (%) |
|
Total Assets |
15,114 |
13,912 |
8.6% |
|
Net loans and Islamic financing |
10,731 |
10,237 |
4.8% |
|
- Conventional loans and advances |
9,072 |
8,616 |
5.3% |
|
- Islamic financing receivables |
1,659 |
1,621 |
2.3% |
|
Customer deposits and Islamic deposits |
10,430 |
9,777 |
6.7% |
|
- Conventional customer deposits |
8,741 |
8,193 |
6.7% |
|
- Islamic customer deposits |
1,689 |
1,584 |
6.6% |
|
Total Equity* |
2,597 |
2,445 |
6.2% |
*Total Equity includes Perpetual Tier I capital of RO 505 million (2024: RO 505 million).
The full results for the year ended 31 December 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 January 2026.
Waleed K. Al Hashar
Chief Executive Officer