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GCC · DFM EMIRATESNBD

Emirates NBD financial statements: income, balance sheet, cash flow

DFM: EMIRATESNBD · Financials · United Arab Emirates

Signed off by OffScriptBySami on  · Updated

Data as of  · For information only, not investment advice.

In brief

Emirates NBD (DFM: EMIRATESNBD) reported net interest income, including Islamic financing, of AED 9,539 million and net profit attributable to equity holders of AED 6,416 million for Q2 2026, per its interim financial statements for the six months to 30 Jun 2026. At 30 Jun 2026, total assets were AED 1.32 trillion and total shareholders' equity was AED 152 billion.

Data as of Source: Interim financial statements for H1 2026, approved

Key facts

Data as of

Emirates NBD (DFM: EMIRATESNBD) · AED · fiscal year ends 31 December · figures from the company's financial statements; derived values are marked.

Net interest income, TTM (AED bn)
37.7
TTM to · derived
The bank's own subtotal, which includes net income from Islamic financing; its statements also print a separate, lower line named net interest income.
Net profit, TTM (AED bn)
24.3
TTM to · derived
Total assets (AED trn)
1.32
at · the company's financial statements
Customer deposits (AED bn)
892
at · the company's financial statements
Loans, net of allowance (AED bn)
746
at · the company's financial statements
Cost-to-income ratio, TTM
30.3%
TTM to · derived

What the numbers show

Emirates NBD's income statement for Q2 2026, the three months to 30 Jun 2026, shows net profit of AED 6,416 million attributable to equity holders of the parent company. Net interest income, the bank's own subtotal that includes net income from Islamic financing and investment products, was AED 9,539 million. Together with non-interest income it made total operating income of AED 13,532 million.

Over FY2021 to FY2025, net interest income rose from AED 16,925 million to AED 35,502 million, a compound annual growth rate of 20.3% by our calculation. Operating expenses grew more slowly than total operating income, so the cost-to-income ratio, our calculation, fell from 33.5% to 30.5%. Net profit grew by 26.7% a year over the same span, our calculation. FY2022 operating expenses carry R, because a later report prints that figure with another value.

Emirates NBD's balance sheet shows total assets of AED 741,962 million at the end of FY2022 and AED 1,164,442 million at the end of FY2025. Customer deposits rose from AED 502,953 million to AED 786,024 million between those dates. Total shareholders' equity, which includes Tier 1 capital notes, rose from AED 93,199 million to AED 144,582 million.

Loans, net of expected credit losses, rose from AED 416,604 million at the end of FY2022 to AED 632,847 million at the end of FY2025. The loan-to-deposit ratio, our calculation, was 82.8% at the end of FY2022, 75.2% at the end of FY2024 and 80.5% at the end of FY2025. It reached 83.7% at 30 Jun 2026, a date whose balances include RBL Bank, an Indian bank the group took control of in June 2026. The Emirates NBD stock fundamentals page follows loans and deposits by quarter.

A bank's cash flow statement follows its balance sheet closely, and Emirates NBD counts changes in customer deposits and in loans and receivables as operating activities. Cash from operating activities was an outflow of AED 19,058 million in FY2025, after an inflow of AED 57,442 million in FY2024. Dividends paid, AED 6,311 million in FY2025, sit under financing activities. The Q2 2026 figures are the half-year total less Q1, marked D, and show an operating inflow of AED 10,236 million.

Earnings were AED 3.71 per share in FY2025, against AED 1.38 per share in FY2021. Q2 2026 earnings were AED 1.00 per share, against AED 0.98 per share in Q2 2025. The diluted share count was 6,311 million shares in each year from FY2021 to FY2025. The bank's note on earnings per share adjusts profit for interest on Tier 1 capital notes, so the figure is below net profit divided by that count.

Income statement

Chart 1

Emirates NBD quarterly operating income, Q3 2024 to Q2 2026

AED bn · quarters ended to

Operating income by quarter, from AED 11.5 bn in Q3 2024 to AED 13.5 bn in Q2 2026.05101513.5Q32024Q4Q12025Q2Q3Q4Q12026Q2stockfactsheet.com
Source: Emirates NBD financial statements Data as of

Annual

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Table 1 Emirates NBD income statement, annual, FY2021–FY2025 (AED millions) AED millions, except per-share data (AED) and percentages · Fiscal year ends 31 December
AED mFY2025ended FY2024ended FY2023ended FY2022ended FY2021ended CAGRFY21–FY25
Net interest income35,502 132,396 130,080 123,222 116,925 1increased 20.3% 1
Non-interest income13,817 D11,738 D12,948 D9,285 D6,897 Dincreased 19.0%
Operating income49,31944,13443,02832,50723,822increased 20.0%
Operating income YoY %increased 11.7%increased 2.6%increased 32.4%increased 36.5%increased 2.6%not available
Impairment charges1,4681063,4485,1845,899decreased 29.4%
Operating expenses15,03513,75111,6969,254 R7,992increased 17.1%
Net profit23,98122,97321,48013,0039,298increased 26.7%
Cost-to-income %30.5%31.2%27.2%28.5% R33.5%not available
Per share
Diluted EPS (AED)3.713.563.321.981.38increased 28.0%
Diluted shares (m)6,3116,3116,3116,3116,311not available
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Source: Emirates NBD financial statements Data as of

  • D Combined from line items reported in the same filing (see Methodology).
  • R Restated or reclassified in Emirates NBD financial statements approved ; originally reported AED 9,255 m in Emirates NBD financial statements approved .
  • R Uses FY2022 operating expenses as restated or reclassified in Emirates NBD financial statements approved (AED 9,254 m; originally reported AED 9,255 m in Emirates NBD financial statements approved ).
  • Not available

CAGR: compound annual growth rate from FY2021 to FY2025, our calculation; n/m when the endpoints differ in sign or the base is zero or negative.

1 The bank's own subtotal, which includes net income from Islamic financing; its statements also print a separate, lower line named net interest income.

Totals may not add up because of rounding.

Arrows show direction of change only, not whether a change is good or bad.

Quarterly

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Table 2 Emirates NBD income statement, quarterly, Q3 2024–Q2 2026 (AED millions) AED millions, except per-share data (AED) and percentages · Fiscal year ends 31 December
AED mQ2 2026ended Q1 2026ended Q4 2025ended Q3 2025ended Q2 2025ended Q1 2025ended Q4 2024ended Q3 2024ended
Net interest income9,539 19,488 19,708 D 18,963 18,376 18,455 18,567 D 18,479 1
Non-interest income3,993 D4,865 D2,944 D3,766 D3,687 D3,420 D2,691 D3,021 D
Operating income13,53214,35312,652 D12,72912,06311,87511,258 D11,500
Operating income YoY %increased 12.2%increased 20.9%increased 12.4%increased 10.7%not availablenot availablenot availablenot available
Impairment charges5818261,754 D−8187−4651,450 D872
Operating expenses4,1534,1893,861 D3,9113,5873,6764,099 D3,541
Net profit6,4166,4025,045 D6,4216,3016,2143,983 D5,230
Cost-to-income %30.7%29.2%30.5%30.7%29.7%31.0%36.4%30.8%
Per share
Diluted EPS (AED)1.000.99not available1.000.980.96not available0.81
Diluted shares (m)not available6,311not availablenot availablenot available6,311not availablenot available
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Source: Emirates NBD financial statements Data as of

  • D Fourth quarter derived as the fiscal year minus the nine-month year-to-date total.
  • D Combined from line items reported in the same filing (see Methodology).
  • Not available

1 The bank's own subtotal, which includes net income from Islamic financing; its statements also print a separate, lower line named net interest income.

Totals may not add up because of rounding.

Arrows show direction of change only, not whether a change is good or bad.

Balance sheet

Annual

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Table 3 Emirates NBD balance sheet, annual, FY2021–FY2025 (AED millions) AED millions
AED mFY2025at FY2024at FY2023at FY2022at FY2021at
Loans, net of allowance632,847501,627445,105416,604not available
Customer deposits786,024666,777584,561502,953not available
Total assets1,164,442996,582862,773741,962not available
Total liabilities1,019,623870,368752,801648,657not available
Shareholders' equity144,582125,990109,79993,199 1not available
Loan-to-deposit %80.5%75.2%76.1%82.8%not available
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Source: Emirates NBD financial statements Data as of

  • Not available

1 As the FY2023 statements print it for comparison; the FY2022 statements print a figure for this date that differs in the last digit.

Totals may not add up because of rounding.

Quarterly

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Table 4 Emirates NBD balance sheet, quarterly, Q3 2024–Q2 2026 (AED millions) AED millions
AED mQ2 2026at Q1 2026at Q4 2025at Q3 2025at Q2 2025at Q1 2025at Q4 2024at Q3 2024at
Loans, net of allowance746,357not available632,847603,648not availablenot available501,627not available
Customer deposits892,070not available786,024760,351not availablenot available666,777not available
Total assets1,322,466not available1,164,4421,139,083not availablenot available996,582not available
Total liabilities1,163,564not available1,019,623999,068not availablenot available870,368not available
Shareholders' equity152,061not available144,582139,783not availablenot available125,990not available
Loan-to-deposit %83.7%not available80.5%79.4%not availablenot available75.2%not available
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Source: Emirates NBD financial statements Data as of

  • Not available

Totals may not add up because of rounding.

Cash flow

Annual

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Table 5 Emirates NBD cash flow, annual, FY2021–FY2025 (AED millions) AED millions · outflows shown with a minus sign
AED mFY2025ended FY2024ended FY2023ended FY2022ended FY2021ended
Cash from operations−19,058 157,442 119,327 136,531 R 135,555 1
Dividends paid−6,311−7,573−3,786−3,155−2,524
Cash from investing−2,427−25,741−47,227−19,262−33,854
Cash from financing4,1552,88811,039−9,6356,120
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Source: Emirates NBD financial statements Data as of

  • R Restated or reclassified in Emirates NBD financial statements approved ; originally reported AED 36,530 m in Emirates NBD financial statements approved .

1 Net cash from operating activities as the bank prints it; for a bank this includes the changes in its loans and customer deposits.

Quarterly

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Table 6 Emirates NBD cash flow, quarterly, Q3 2024–Q2 2026 (AED millions) AED millions · outflows shown with a minus sign
AED mQ2 2026ended Q1 2026ended Q4 2025ended Q3 2025ended Q2 2025ended Q1 2025ended Q4 2024ended Q3 2024ended
Cash from operations10,236 D 1−4,658 110,166 D 1−22,148 D 1−2,862 D 1−4,214 114,481 D 1not available
Dividends paid0 D−6,3110 D0 D0 D−6,3110 Dnot available
Cash from investing1,513 D8,74510,374 D−13,831 D9,949 D−8,919−10,325 Dnot available
Cash from financing9,280 D−3,2355,349 D2,993 D711 D−4,8982,961 Dnot available
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Source: Emirates NBD financial statements Data as of

  • D Quarter derived from year-to-date totals: the six- or nine-month figure minus the earlier quarters.
  • D Fourth quarter derived as the fiscal year minus the nine-month year-to-date total.
  • Not available

1 Net cash from operating activities as the bank prints it; for a bank this includes the changes in its loans and customer deposits.

Per share and dividends

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Table 7 Emirates NBD per-share data and dividends, annual, FY2021–FY2025 AED per share, split-adjusted · shares in millions
AEDFY2025ended FY2024ended FY2023ended FY2022ended FY2021ended
Basic EPS (AED)3.713.563.321.981.38
Diluted EPS (AED)3.713.563.321.981.38
Diluted shares (m)6,3116,3116,3116,3116,311
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Source: Emirates NBD financial statements Data as of

Notes on these figures

  • R Restated or reclassified
    • Restated or reclassified in Emirates NBD financial statements approved ; originally reported AED 9,255 m in Emirates NBD financial statements approved .
    • Uses FY2022 operating expenses as restated or reclassified in Emirates NBD financial statements approved (AED 9,254 m; originally reported AED 9,255 m in Emirates NBD financial statements approved ).
    • Restated or reclassified in Emirates NBD financial statements approved ; originally reported AED 36,530 m in Emirates NBD financial statements approved .
  • D Derived by StockFactsheet
    • Combined from line items reported in the same filing (see Methodology).
    • Fourth quarter derived as the fiscal year minus the nine-month year-to-date total.
    • Quarter derived from year-to-date totals: the six- or nine-month figure minus the earlier quarters.
  • Template: bank statement set (net interest income, deposits and loans).
  • Arrows show direction of change only, not whether a change is good or bad.

How we got these numbers

Every figure comes from Emirates NBD's published financial statements. Derived values are marked D and explained below.

Full method for this page
Source documents
Interim and annual financial statements (FY2021 to Q2 2026)
Period covered
8 quarters and 5 fiscal years
Calculations
TTM = sum of the last 4 quarters. Q4 = fiscal year minus the nine-month YTD. Operating income = net interest income + non-interest income. Cost-to-income = operating expenses ÷ operating income (our calculation).
Restatements
FY2022 operating expenses, an input of the FY2022 ratio, was restated or reclassified in Emirates NBD financial statements approved (originally AED 9,255 m). Restated or reclassified figures carry the R marker; its footnote gives the originally reported value.
Comparator
None: this page shows the company's own figures only.
Currency
As reported (AED); no FX conversion.
Re-keying
Figures keyed from the issuer's published statements (PDF) with our entry tool, then checked by code against the PDF's own text (the figure on its cited page, in the row with its printed label) and by our fact-check step. The column and the sign are recorded, and lists any mismatch for review.
Read the full methodology

CSV downloads

One file per statement, with the annual and quarterly figures on this page in full units.

Sources and data

Data as of Figures are as reported in the filings below. Derived figures are our calculations (see Methodology).

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  1. [1] Issuer statement Emirates NBD interim financial statements, H1 2026 Emirates NBD Bank (P.J.S.C.) · approved · cdn.emiratesnbd.com
  2. [2] Issuer statement Emirates NBD interim financial statements, Q1 2026 Emirates NBD Bank (P.J.S.C.) · approved · cdn.emiratesnbd.com
  3. [3] Issuer statement Emirates NBD annual financial statements, FY2025 Emirates NBD Bank (P.J.S.C.) · approved · cdn.emiratesnbd.com
  4. [4] Issuer statement Emirates NBD interim financial statements, M9 2025 Emirates NBD Bank (P.J.S.C.) · approved · cdn.emiratesnbd.com
  5. [5] Issuer statement Emirates NBD annual financial statements, FY2024 Emirates NBD Bank (P.J.S.C.) · approved · cdn.emiratesnbd.com
  6. [6] Issuer statement Emirates NBD annual financial statements, FY2023 Emirates NBD Bank (P.J.S.C.) · approved · cdn.emiratesnbd.com
  7. [7] Issuer statement Emirates NBD annual financial statements, FY2022 Emirates NBD Bank (P.J.S.C.) · approved · emiratesnbd.com
  8. [8] Issuer statement Emirates NBD annual financial statements, FY2021 Emirates NBD Bank (P.J.S.C.) · approved · emiratesnbd.com
  9. [9] Our dataset Keyed from Emirates NBD's Q2 2026 financial statements (PDF) and checked by code against the PDF's text; signed off on .

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Cite this page

StockFactsheet (2026). "Emirates NBD financial statements: income, balance sheet, cash flow." Signed off by OffScriptBySami. Updated ; data as of . https://stockfactsheet.com/stocks/emiratesnbd-dfm/financials/

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For information only. StockFactsheet does not recommend buying, selling or holding any security. Figures can contain errors; always check the original filings. Full disclaimer

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Signed off by OffScriptBySami on · How pages are checked

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How this page was made
  1. Data imported (the issuer's statements, )
  2. Drafted from our dataset only
  3. Automated checks and review steps passed ()
  4. Signed off and published by OffScriptBySami (, GST)

Update history

  1. Published First published version.