Amlak profit rises 33% to SAR 15.8M in Q1 2026

29/04/2026 Argaam Exclusive

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Amlak International Finance Co. reported net profit growth of 33% to SAR 15.8 million in Q1 2026, compared to SAR 11.9 million in the year earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2025 Q1 2026 Change‬
Net income from finance commissions 81.42 94.41 16.0 %
Net Income 11.92 15.82 32.7 %
Average Shares 101.93 101.93 -
Earnings Per Share before unusual items (Riyal) 0.12 0.16 32.7 %
EPS (Riyal) 0.12 0.16 32.7 %

The company attributed the year-on-year (YoY) increase in profit to higher net special commission income (NSCI) from financing, which rose 6.18% to SAR 146.7 million compared to SAR 138.2 million in Q1 2025.

 

This growth was mainly driven by a 2.79% YoY expansion in the company’s loans and advances portfolio, in addition to improved portfolio yields during the period.

 

The increase in profitability was further supported by a decline in financing costs. However, this was partially offset by higher operating expenses and an increase in expected credit loss (ECL) provisions.

 

Net ECL provisions rose 15.31% YoY to SAR 23.9 million, compared to SAR 20.7 million in Q1 2025, driven by portfolio growth, refined ECL model assumptions and methodologies, as well as updated estimates reflecting ongoing geopolitical uncertainty.

 

On a quarterly basis, net profit also increased by 1%, supported by a 1.57% rise in net special commission income to SAR 146.7 million versus SAR 144.5 million in Q4 2025, driven by continued portfolio growth and improved yields.

 

This was accompanied by lower finance costs, while operating expenses and ECL provisions increased.

 

Net ECL provisions rose 19.99% quarter-on-quarter (QoQ) to SAR 23.9 million, compared to SAR 19.9 million, mainly due to portfolio growth and updated ECL assumptions reflecting continued uncertainty in the geopolitical environment.

 

Total shareholders’ equity, with no minority interest, stood at SAR 1.29 billion as of Q1 2026, compared to SAR 1.23 billion a year earlier.

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Share Price

Amlak International Finance Co.
10.41
0.03 0.29 %

Amlak International Finance Co. (AMLAK)

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Financial Ratios
Current
Market Cap (M Riyal) 1,061.04
Shares Outstanding ((M)) 101.93
EPS ( Riyal) (TTM) 0.68
Book Value (BV) ( Riyal) 12.74
Par Value ( Riyal) 10.00
Recurring P/E 15.35
P/E (TTM) 15.35
Price/book 0.82
Return on Average Assets (%) (TTM) 1.5
Return on Average Equity (%) (TTM) 5.5
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