Malath profit down 45% to SAR 5.5M in Q1 2026

06/05/2026 Argaam Exclusive

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Malath Cooperative Insurance Co. reported a 45% fall in net profit to SAR 5.5 million for Q1 2026, against a SAR 9.9 million profit in the year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2025 Q1 2026 Change‬
Gross Written Premium (GWP) 471.41 260.90 (44.7 %)
Insurance Revenues 340.13 297.52 (12.5 %)
Net Income 9.88 5.48 (44.6 %)
Average Shares 50.00 50.00 -
Earnings Per Share before unusual items (Riyal) 0.20 0.11 (44.6 %)
EPS (Riyal) 0.20 0.11 (44.6 %)

The company attributed the decline in profits to lower insurance revenues by SAR 42.6 million due to weaker motor insurance business.

 

This is in addition to a decrease in net investment income by SAR 0.8 million and a drop in other income by SAR 19.6 million.

 

On a quarterly basis, Malath’s net profit inched up by 21.4% from SAR 4.51 million in Q4 2025.

 

The company attributed this increase in profits to a 20% decrease in insurance service expenses to SAR 71.4 million, higher net investment income by SAR 10.8 million, and lower insurance finance expenses by SAR 1.1 million.

Insurance Operations

Item 3m 2025 3m 2026 Change‬
Gross Written Premium (GWP) 471.41 260.90 (44.7 %)
Insurance Revenues 340.13 297.52 (12.5 %)
Insurance Services Income (10.58) 4.67 144.1 %
Investment Income 12.03 11.22 (6.7 %)
Net Profit of Insurance Services and Investment (2.13) 14.63 786.9 %

Total shareholders’ equity, with no minority interest, rose to SAR 467.17 million by March 31, 2026, compared to SAR 442.7 million a year earlier.

 

Accumulated losses reached SAR 80.8 million by March 31, 2025, representing 16.2% of capital.

 

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Share Price

Malath Cooperative Insurance Co.
8.97
(0.03) (0.33 %)

Malath Cooperative Insurance Co. (MALATH INSURANCE)

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Financial Ratios
Current
Market Cap (M Riyal) 448.50
Shares Outstanding (M) 50.00
EPS ( Riyal) (TTM) 0.35
Book Value (BV) ( Riyal) 9.34
Par Value ( Riyal) 10.00
Recurring P/E Neg
P/E (TTM) 25.93
Price/Book 0.96
Return on Average Assets (%) (TTM) 1.3
Return on Average Equity (%) (TTM) 3.8
Return on Market Cap (%) 3.6
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