FIRST ABU DHABI BANK-

First Abu Dhabi Bank (FAB) posted net income of AED 5.5 bn in 2Q 2025, up 29.3% y-o-y, beating analyst estimates of AED 4.4 bn in net income, according to its financials (pdf). This came on the back of double-digit growth in operating income in the quarter, rising 22.4% y-o-y to AED 9.5 bn.

On a six-month basis, FAB’s net income came in at AED 10.7 bn, up 26.5% y-o-y — its first time exceeding the AED 10 bn mark in a six-month period. This was supported by a 16.4% rise in operating income to AED 18.3 bn. The 1H growth was attributed to robust performance across core businesses, diversified streams of revenue, strong margins, and investments in technology and AI to drive efficiency, Group CFO Lars Karmer said in a separate earnings release (pdf). Non-interest income contributed a significant 46% of revenues, the earnings release said.

“We achieved broad-based growth with all divisions delivering double-digit revenue expansion, highlighting effective balance sheet deployment, the deepening of relationships and sustained client engagement in dynamic market conditions,” he added.

COMMERCIAL BANK OF DUBAI-

The Commercial Bank of Dubai saw its bottom line increase 15.4% y-o-y to AED 867.2 mn in 2Q 2025, on the back of strong lending activity, customer engagement, and economic growth in the UAE, according to the bank’s financial statements (pdf). The lender’s operating income reached AED 1.5 bn, growing 8.6% y-o-y, while total assets surpassed AED 150 bn for the first time.

Its net income grew 16.7% y-o-y to AED 1.7 bn in 1H 2025, while operating income totaled AED 2.8 bn, up from AED 2.7 bn the year before, driven by strong growth in loans and current and savings accounts balances, according to a separate earnings report(pdf

ABU DHABI ISLAMIC BANK-

Abu Dhabi Islamic Bank (ADIB) reported net income of AED 1.8 bn, marking a 12.8% y-o-y increase in 2Q 2025, according to the lender’s financial statements (pdf). Operating income reached AED 4.4 bn, up from AED 3.8 bn the year before.

On a 1H basis, ADIB reported net income of AED 3.5 bn, representing 15.2% growth compared to the same period in last year. Its topline reached AED 5.9 bn, up from AED 5.3 bn the year before, driven by diversified income streams and continued growth in business volumes, according to a separate earnings release (pdf).

NMDC ENERGY-

NMDC Energy sees bottom line, top line growth: NMDC’s engineering, procurement, and construction unit NDMC Energy saw its net income climb 12% y-o-y to AED 366 mn in 2Q 2025, according to its earnings report (pdf). The firm’s topline grew 21% y-o-y to AED 4.4 bn in the same period, which it attributes to higher backlog execution.

On a 1H basis: The company’s net income rose 16% y-o-y to AED 583 mn in 1H 2025, while its revenues grew 41% y-o-y to AED 8.2 bn. Around 30% of the firm’s revenues come from Saudi Arabia’s Aramco, while 3% comes from Taiwan operations, NMDC Energy CEO Ahmed Al Dhaheri told CNBC Arabia.

The company’s pipeline reached approximately AED 66 bn at the end of 2Q 2025, the release said. Its expected backlog stands at AED 49.9 bn, composed of projects slated to launch in 2025-2030 — with 21% of them international and 79% based in the UAE. NMDC Energy was awarded AED 13.9 bn in projects in 1H 2025, chief among them a USD 1 bn EPC contract for a subsea gas pipeline project in Taiwan.

WATCH THIS SPACE- NMDC Energy is eyeing onshore projects in Saudi Arabia, and is seeking local partners to support growth, Al Dhaheri told Asharq Business yesterday (watch, runtime: 8:35).

REFRESHER- NMDC Energy inked a long-term partnership with Aramco in January, allowing the firm to take part in multiple projects.

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