Malath posts SAR 17.2M profit in 9M 2025, SAR 631,000 in Q3

04/11/2025 Argaam Exclusive

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Malath Cooperative Insurance Co. reported a 0.3% profit increase to SAR 17.19 million in the first nine months of 2025, from SAR 17.14 million in the year-earlier period.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Gross Written Premium (GWP) 1,023.37 1,013.40 (1.0 %)
Insurance Revenues 701.46 1,072.16 52.8 %
Net Income 17.14 17.19 0.3 %
Average Shares 50.00 50.00 -
Earnings Per Share before unusual items (Riyals) 0.34 0.34 0.3 %
EPS (Riyal) 0.34 0.34 0.3 %

Insurance revenue rose 53% year-on-year to SAR 370.7 million, backed by higher gross written premiums (GWPs) during H2 2024 and Q1 2025. Investment income also increased by 80% to SAR 23.4 million, while other income grew 15% to SAR 4.7 million.

 

Conversely, net insurance profit declined by SAR 35 million.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Gross Written Premium (GWP) 404.23 249.90 (38.2 %)
Insurance Revenues 269.74 366.08 35.7 %
Net Income 5.55 0.63 (88.6 %)
Average Shares 50.00 50.00 -
Earnings Per Share before unusual items (Riyal) 0.11 0.01 (88.6 %)
EPS (Riyal) 0.11 0.01 (88.6 %)

The third-quarter net earnings dipped to about SAR 631,000, compared with SAR 5.55 million a year earlier.

 

On a quarterly basis, Q3 2025 profit fell by 90.5% from SAR 6.7 million in Q2 2025.

Insurance Operations

Item 9m 2024 9m 2025 Change‬
Gross Written Premium (GWP) 1,023.37 1,013.40 (1.0 %)
Insurance Revenues 701.46 1,072.16 52.8 %
Insurance Services Income (2.31) (37.37) (1,517.7 %)
Investment Income 29.15 52.58 80.4 %
Net Profit of Insurance Services and Investment 18.88 5.24 (72.2 %)

Total shareholders’ equity, no minority interest, rose to SAR 451.4 million by Sept 30, 2025, compared to SAR 408.3 million a year earlier.

 

Accumulated losses reached SAR 90.9 million as of Sept. 30, 2025, representing 18% of share capital. The ratio of accumulated losses to capital fell to 18.17% during the period, from 23.56% in the same period a year earlier.

 

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Share Price

Malath Cooperative Insurance Co.
11.62
(0.68) (5.53 %)

Malath Cooperative Insurance Co. (MALATH INSURANCE)

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Financial Ratios
Current
Market Cap (M Riyal) 581.00
Shares Outstanding (M) 50.00
EPS ( Riyal) (TTM) 0.54
Book Value (BV) ( Riyal) 9.03
Par Value ( Riyal) 10.00
Recurring P/E 21.57
P/E (TTM) 21.57
Price/Book 1.29
Return on Average Assets (%) (TTM) 2.2
Return on Average Equity (%) (TTM) 6.3
Return on Market Cap (%) 4.0
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