Financial Results : Mutakamela profit drops 51% to SAR 7.4M in 2025; turns to SAR 7.7M loss in Q4

Mutakamela profit drops 51% to SAR 7.4M in 2025; turns to SAR 7.7M loss in Q4

10/02/2026 Argaam Exclusive

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Mutakamela Insurance Co. generated a net profit of SAR 7.4 million in 2025, a drop of 51% from SAR 15.2 million in 2024. 



Financials (M)

Item 2024 2025 Change‬
Insurance Revenues 873.89 879.81 0.7 %
Net Profit Before Zakat & Tax 26.48 17.58 (33.6 %)
Net Income 15.17 7.41 (51.2 %)
Average Shares 60.00 60.00 -
Earnings Per Share before unusual items (Riyals) 0.25 0.12 (51.2 %)
EPS (Riyal) 0.25 0.12 (51.2 %)

The company attributed the decline in profits to a 46% decrease in net investment income, despite higher revenues driven by increased business in the motor, property, and casualty insurance segments.



Current Quarter Comparison (M)

Compared With The
Item Q4 2024 Q4 2025 Change‬
Insurance Revenues 198.42 231.23 16.5 %
Net Profit Before Zakat & Tax 1.39 (5.63) (504.9 %)
Net Income 0.06 (7.67) (13410.9 %)
Average Shares 60.00 60.00 -
Earnings Per Share before unusual items (Riyal) 0.00 (0.13) (13410.9 %)
EPS (Riyal) 0.00 (0.13) (13410.9 %)

In the fourth-quarter, Mutakamela posted a net loss of SAR 7.67 million, versus net earnings of SAR 0.06 million a year before.

 

Quarter-on-quarter (QoQ) basis, the company also swung to loss from a profit of SAR 0.55 million in Q3 2025.

Insurance Operations

Item 2024 2025 Change‬
Insurance Revenues 873.89 879.81 0.7 %
Insurance Services Income 8.17 11.60 42.0 %
Investment Income 85.35 45.80 (46.3 %)
Net Profit of Insurance Services and Investment 62.05 45.59 (26.5 %)

Shareholders’ equity, with no minority interest, reached SAR 723.89 million by Dec.31, 2025, up from SAR 702.29 million in the prior-year period.

 

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