Tasheel makes SAR 199.2M profit in 9M 2025; Q3 at SAR 81.6M

07/10/2025 Argaam Exclusive

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United International Holding Co. (Tasheel), 67.8% owned by eXtra, reported a 26% rise in net profits to SAR 199.2 million in the first nine months of 2025, compared to SAR 158.1 million a year earlier.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Net income from finance commissions 392.27 495.89 26.4 %
Net Income 158.13 199.16 25.9 %
Average Shares 25.00 25.00 -
Earnings Per Share before unusual items (Riyals) 6.33 7.97 25.9 %
EPS (Riyal) 6.33 7.97 25.9 %

The increase was driven by a 25.6% jump in revenue, reflecting a 29% expansion in Tasheel’s consumer financing portfolio.

 

This, in turn, led to a 36.4% increase in net profit, supported by a 3.6% rise in revenue.

 

The revenue growth was reflected in the gross profit (net income from Shariah-compliant financing contracts), which rose by 3.4%.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Net income from finance commissions 140.69 174.02 23.7 %
Net Income 58.95 81.55 38.3 %
Average Shares 25.00 25.00 -
Earnings Per Share before unusual items (Riyal) 2.36 3.26 38.3 %
EPS (Riyal) 2.36 3.26 38.3 %
In the third quarter, net profit rose 38.3% year-on-year (YoY) to SAR 81.6 million, supported by a 23.2% increase in consumer finance revenue to SAR 199.2 million and a 29% rise in the financing portfolio, which reached SAR 3 billion.
 
The net profit growth outpaced revenue and gross profit increases, benefiting from improved operating efficiency and lower expected credit loss provisions.
 
Quarter-on-quarter (QoQ), net profit advanced 36.4% from SAR 2.39 million, aided by a 3.6% rise in revenue and 5.8% portfolio growth.
 
Gross profit (income from Shariah-compliant financing contracts) grew 23.7% YoY in Q3 and 3.4% QoQ. 
 
Shareholders' equity, no minority rights, amounted to SAR 1.31 billion by the end of 9M 2025, compared to SAR 1.05 billion in the same period a year earlier.

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