Derayah Financial H1 2026 profit declines 7% to SAR 197.8M; Q2 at SAR 100.8M

The company attributed the profit decline to lower asset management revenue due to reduced subscription fees following the postponement of several investment fund launches in H1 2026 amid geopolitical challenges.

Operating profit also fell 4.9% year-on-year (YoY) as operating expenses (OpEx) grew faster than revenue, driven by continued investments in strategic initiatives under its 2030 Strategy.

Meanwhile, revenue increased 5.3% YoY to SAR 468.6 million, mainly supported by higher special commission income and a 5.4% YoY rise in assets under custody to SAR 37 billion.

Brokerage revenue remained stable despite commission-free trading in the Saudi market, reflecting resilient trading activity and stronger customer engagement.

In Q2 2026, Derayah Financial’s net earnings fell 6% to SAR 100.75 million from SAR 107.22 million a year earlier.

The company attributed decline to a 15.9% YoY increase in OpEx to SAR 108 million, driven by continued investments in strategic initiatives, technology infrastructure, and product development. Operating profit fell 6.7% YoY to SAR 132.6 million due to faster growth in expenses than revenue, despite a strong operating margin of 55%.

Revenue rose 2.3% YoY to SAR 240.6 million, supported by higher special commission income and asset management growth, with AUM increasing 27% YoY to SAR 21.8 billion. The company’s loss from its investment in D360 Bank narrowed to SAR 27.6 million from SAR 38.4 million a year earlier.

Sequentially, the three-month net earnings advanced 3.8% from SAR 97.03 million in Q1 2026.

Shareholders’ equity, with no minority interest, amounted to SAR 1.23 billion by the end of June 2026, compared to SAR 1.12 billion at the end of the same period last year.

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