MRNA incurs SAR 3.5M net loss in Q1 2026

17/06/2026 Argaam Exclusive

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Morabaha Marina Financing Co. (MRNA) reported a net loss of SAR 3.5 million for Q1 2026, compared with a net profit of SAR 4.2 million in the year-earlier period.



Current Quarter Comparison (Million Riyal)

Compared With The
Item Q1 2025 Q1 2026 Change‬
Net income from finance commissions 39.68 35.56 (10.4 %)
Net Income 4.22 (3.51) (183.2 %)
Average Shares 71.43 71.43 -
Earnings Per Share before unusual items (Riyal) 0.06 (0.05) (183.2 %)
EPS (Riyal) 0.06 (0.05) (183.2 %)

The company attributed the quarterly loss-making to an 11.6% YoY decline in its Q1 2026 revenue to SAR 46.7 million from SAR 52.8 million. This was due to lower financing volumes and the suspension of revenue recognition on NPLs, in addition to higher impairment losses on the financing portfolio.

 

This was partially offset by lower losses incurred from its subsidiary Loop.

 

Compared with the previous quarter, losses widened from SAR 230,000 in Q4 2025.

 

Shareholders’ equity, excluding minority interest, stood at SAR 825.84 million at the end of Q1 2026, inching down from SAR 846.65 million a year earlier.

View More Financial Results

 

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Share Price

Morabaha Marina Financing Co.
7.87
(0.08) (1.01 %)

Morabaha Marina Financing Co. (MRNA)

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Financial Ratios
Current
Market Cap (M Riyal) 562.15
Shares Outstanding ((M)) 71.43
Recurring EPS ( Riyal) (TTM) (0.09)
Book Value (BV) ( Riyal) 11.56
Par Value ( Riyal) 10.00
Recurring P/E (TTM) (83.67 )
P/E (TTM) NEG
Price/book 0.68
Dividend Yield (%) (Last Year) -
Return on Average Assets (%) (TTM) (0.47 )
Return on Average Equity (%) (TTM) (0.80 )
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