Morabaha Marina Financing Co. (MRNA) posted a net profit of SAR 1.01 million in 2025, compared to SAR 32.72 million in the previous year.
| Item | 2024 | 2025 | Change |
|---|---|---|---|
| Net income from finance commissions | 139.84 | 166.50 | 19.1 % |
| Net Income | 32.72 | 1.01 | (96.9 %) |
| Average Shares | 71.43 | 71.43 | - |
| Earnings Per Share before unusual items (Riyals) | 0.46 | 0.01 | (96.9 %) |
| EPS (Riyal) | 0.46 | 0.01 | (96.9 %) |
The decrease in net profit is attributed to higher impairment losses in the financing portfolio, in addition to losses of the company’s subsidiary, Loop.
In Q4 2025, MRNA swung to a net loss of SAR 232,000, against a net profit of SAR 12.74 million in Q4 2024.
| Item | Q4 2024 | Q4 2025 | Change |
|---|---|---|---|
| Net income from finance commissions | 44.39 | 41.49 | (6.5 %) |
| Net Income | 12.74 | (0.23) | (101.8 %) |
| Average Shares | 71.43 | 71.43 | - |
| Earnings Per Share before unusual items (Riyal) | 0.18 | 0.00 | (101.8 %) |
| EPS (Riyal) | 0.18 | 0.00 | (101.8 %) |
| Item | Q3 2025 | Q4 2025 | Change |
|---|---|---|---|
| Net income from finance commissions | 41.73 | 41.49 | (0.6 %) |
| Net Income | (1.73) | (0.23) | 86.6 % |
| Average Shares | 71.43 | 71.43 | - |
| Earnings Per Share before unusual items (Riyal) | (0.02) | 0.00 | 86.6 % |
| EPS (Riyal) | (0.02) | 0.00 | 86.6 % |
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