Bidaya Finance Q1 2026 up 10% to SAR 2.5M

Bidaya Finance Co. reported a net profit of SAR 2.5 million for the first quarter of 2026, compared to SAR 2.3 million in the same period a year ago.

The company's gross special commission income from financing rose by 8.69% YoY to SAR 74.4 million, from SAR 68.5 million in Q1 2026. This was mainly driven by income from Murabaha contracts, as well as growth in fee income during the three-month period.

Furthermore, financing costs declined by 6% YoY during the first three months of 2026. This came despite a 25.08% increase in operating expenses, as well as a 4.98% uptick in total expected credit loss provisions and other losses.

Sequentially, however, the three-month bottomline contracted by 69.2% from SAR 2.51 million in Q4 2025.

Bidaya attributed the QoQ earnings decline in Q1 2026 to a 9% quarterly pullback in gross special commission income from financing during the same quarter. This was due to lower sales of real estate financing portfolios, which reduced the realized income from portfolio sale gains.

Additional Information 

Shareholders’ equity (excluding minority interest) reached SAR 887.4 million at the end of March 2026, compared to SAR 865.1 million a year ago.