Nayifat swings to SAR 126.3M loss in 2025, SAR 185.8M in Q4

Nayifat Finance Co. reported a net loss of SAR 126.3 million in 2025, versus a net profit of SAR 131.2 million in the year-earlier period.​

The company’s loss-making was primarily attributed to a YoY revenue decline, amid a 6.6% drop in commission income from Islamic financing receivables.

This followed a strategic shift toward acquiring higher credit-quality customer segments, in addition to early settlements that no longer contribute effectively to gains from the consumer financing portfolio.

This is besides allocating higher expected credit loss provisions in 2025, as the company reassessed the write-off point for consumer and SME financing receivables.

The full-year financial performance was further impacted by a 13% YoY increase in general and administrative expenses.

In Q4 2025, Nayifat swung to losses of SAR 185.8 million, compared to a net profit of SAR 36.82 million a year earlier.

The Saudi-listed company had reported a net profit of SAR 20.35 million in Q3 2025.

Shareholders’ equity, no minority interest, reached SAR 1.23 billion by the end of 2025, down from SAR 1.44 billion a year earlier.

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