Tamara posts SAR 64.3M profit in H1 2025; Q2 at SAR 38.5M

Tamara Finance Co. reported a net profit of SAR 64.3 million in H1 2025, against losses of SAR 109.4 million in the year-earlier period.

The positive performance was driven by a 55% increase in financing and investment commission income, which rose to SAR 495.9 million during the six-month period due to growth in the financing and investment portfolio.

Other revenues also increased to SAR 71.4 million, compared to SAR 13.6 million in the same period last year. Additionally, revenue from installment payments, the largest share of total income in line with the company's “Buy Now, Pay Later” model, also saw a rise.

Operational costs dropped by 21%, mainly due to a significant decline in expected credit loss provisions, which fell to SAR 17.9 million from SAR 139.3 million in H1 2024.

As a result, the company achieved an operating income of SAR 122.8 million, compared to an operating loss of SAR 76.4 million in the previous year. The expected credit loss provision now represents 1% of the company’s financing portfolio.

In Q2 2025, Tamara turned a profit of SAR 38.5 million against a loss of SAR 47.3 million a year earlier.

On a quarterly basis, Q2 2025 net earnings increased by 49.2% from SAR 25.8 million in Q1 2025.

Total shareholders’ equity (no minority equity) reached SAR 419.77 million by June 30, 2025, compared to SAR 356.2 million in the corresponding period of the year before.

Accumulated losses reached SAR 121.61 million by June 30, 2025, which represents 31% of paid-up capital.

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