Financial Results : Quara Finance profits drop 57% to SAR 14.9M in 9M 2025

Quara Finance profits drop 57% to SAR 14.9M in 9M 2025

02/11/2025 Argaam Exclusive

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Quara Finance Co. reported a net profit of SAR 14.9 million for the first nine months of 2025, a 57% decline compared to SAR 34.6 million recorded in the same period of 2024.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Net income from finance commissions 123.90 165.79 33.8 %
Net Income 34.59 14.94 (56.8 %)
Average Shares 30.00 30.00 -
Earnings Per Share before unusual items (Riyals) 1.15 0.50 (56.8 %)
EPS (Riyal) 1.15 0.50 (56.8 %)

The company attributed the decline to higher expected credit loss provisions as well as increased general and administrative expenses.

 

This was offset by a 43.2% year-on-year increase in net revenue to SAR 191.9 million, supported by new financing contracts that expanded the financing portfolio and boosted returns.

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