AgBank declares interim dividend, reports strong H1 2025 results

Agricultural Bank of China's board of directors approved an interim cash dividend of RMB 0.1195 per ordinary share (pre-tax) for 2025, totaling RMB 41.823 bn. This represents 30.0% of its H1 2025 net profit attributable to parent company shareholders. H-shareholders will have the option to receive the dividend in RMB or HKD. This follows a strong H1 2025 performance, with net profit attributable to parent company shareholders reaching RMB 139.510 bn, an increase of 2.7% year-on-year, and total assets growing by 8.4% to RMB 46,855.878 bn.

The bank maintained a healthy capital adequacy ratio of 17.45%, with a core tier-one capital adequacy ratio of 11.11% as of June 30, 2025. The interim profit distribution plan aligns with the bank's consistent dividend policy, aiming to provide reasonable returns to investors while ensuring long-term sustainable development. The plan is subject to approval at the upcoming shareholders' meeting.

In addition to the interim dividend, Agricultural Bank of China conducted various capital-raising activities in H1 2025. These included issuing RMB 50 bn in undated capital bonds, RMB 60 bn in tier-two capital bonds in June and another RMB 60 bn in July, and RMB 30 bn plus RMB 50 bn in TLAC non-capital bonds in June and August, respectively. The bank also redeemed RMB 40 bn in tier-two capital bonds in May, and RMB 85 bn and RMB 35 bn in undated capital bonds in May and August, respectively.