Abu Dhabi Islamic Bank PJSC Full Year 2024 Earnings: In Line With Expectations

Abu Dhabi Islamic Bank PJSC (ADX:ADIB) Full Year 2024 Results

Key Financial Results

• Revenue: د.إ10.0b (up 17% from FY 2023).
• Net income: د.إ6.10b (up 31% from FY 2023).
• Profit margin: 61% (up from 55% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: د.إ1.49 (up from د.إ1.28 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Abu Dhabi Islamic Bank PJSC Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Banks industry in United Arab Emirates.

Performance of the Emirian Banks industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Abu Dhabi Islamic Bank PJSC (1 makes us a bit uncomfortable!) that you need to take into consideration.

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