Tabby posts profit surge to SAR 149.3M in 9M 2025; Q3 at SAR 59M

Tabby Financing Co. reported a net profit of SAR 149.3 million in the first nine months of 2025, soaring 301% from SAR 37.2 million in 2024.

Net income from financing services increased as commission income from merchants rose by 48% year-on-year (YoY) to SAR 949.4 million.

Customer revenue from payment term extensions (fee income) increased by 103% YoY to SAR 58.1 million, along with higher other income.

Franchise fees fell by 20% YoY to SAR 85.4 million, due to a change in the franchise and services fee structure.

The company recorded a financing interest expense of SAR 25.2 million on an intercompany loan in the same period last year, compared to none in the current period.

This was despite late fee income of SAR 25.8 million recorded in the same period last year, while no such income was recorded in 9M 2025. This is due to the company’s decision to stop applying late fees to customers starting December 2023 as part of a restructuring to comply with Shariah principles.

The company's Q3 2025 net earnings reached SAR 58.92 million, soaring from SAR 17.56 million in Q3 2024 and SAR 25.13 million in Q2 2025.

Total shareholders’ equity, no minority interest, stood at SAR 582.74 million by the end of the nine-month period, compared to SAR 206.95 million a year earlier.

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