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| Date | 15 Oct 2026 |
| Time | 07:00:05 |
| Category | Results |
| ID | 0990Z |
Bank Muscat announces preliminary unaudited results for the nine months ended
30 September 2026
Net Profit at R.O 209.18 million
MUSCAT, 15 October, 2026: Bank Muscat, the flagship financial institution in the Sultanate, announced its preliminary unaudited results for the nine months period ended 30 September 2026. The Bank posted a net profit of R.O 209.18 million for the period compared to R.O 191.57 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 321.4 million for the nine months period ended 30 September 2026 compared to R.O 310.9 million for the same period in 2025, an increase of 3.4 per cent.
2) Non-interest income was R.O 131.63 million for the nine months period ended 30 September 2026 as compared to R.O 123.57 million for the same period in 2025, an increase of 6.5 per cent, mainly due to growth in business volumes.
3) Operating expenses for the nine months period ended 30 September 2026 was R.O 172.27 million as compared to R.O 162.82 million for the same period in 2025, an increase of 5.8 per cent.
4) Net impairment losses on financial assets for the nine months period ended 30 September 2026 was R.O 32.76 million as against R.O 43.63 million for the same period in 2025.
5) Net Loans and advances including Islamic financing receivables increased by 7.9 per cent to R.O 11,552 million as against R.O 10,704 million as at 30 September 2025.
6) Customer deposits including Islamic customer deposits increased by 8.1 per cent to R.O 10,919 million as against R.O 10,099 million as at 30 September 2025.
Key highlights of preliminary unaudited results
|
Particulars (R.O million) For the period ended |
30 Sep 2026 |
30 Sep 2025 |
Change (%) |
|
Net interest income & Islamic financing income |
321.40 |
310.90 |
3.4% |
|
Other operating income |
131.63 |
123.57 |
6.5% |
|
Operating expenses |
172.27 |
162.82 |
5.8% |
|
Operating profit |
280.76 |
271.65 |
3.4% |
|
Net profit |
209.18 |
191.57 |
9.2% |
|
Particulars (R.O million) As at period ended |
30 Sep 2026 |
30 Sep 2025 |
Change (%) |
|
Total Assets |
15,998 |
14,558 |
9.9% |
|
Net loans and Islamic financing |
11,552 |
10,704 |
7.9% |
|
- Conventional loans and advances |
9,751 |
9,043 |
7.8% |
|
- Islamic financing receivables |
1,801 |
1,661 |
8.4% |
|
Customer deposits and Islamic deposits |
10,919 |
10,099 |
8.1% |
|
- Conventional customer deposits |
9,164 |
8,524 |
7.5% |
|
- Islamic customer deposits |
1,755 |
1,575 |
11.4% |
|
Total Equity* |
2,682 |
2,527 |
6.1% |
*Total Equity includes Perpetual Tier I capital of R.O 505 million (2025: R.O 505 million).
The full results for the nine months period ended 30 September 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 October 2026.
Waleed K. Al Hashar
Chief Executive Officer