Mutakamela earns SAR 15.1M in 9M 2025, SAR 549,000 in Q3

03/11/2025 Argaam Exclusive

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Mutakamela Insurance Co. posted a net profit of SAR 15.1 million in the first nine months of 2025, from SAR 15.11 million in the year-earlier period.

Financials (M)

Item	9m 2024	9m 2025	Change‬
Insurance Revenues	675.47	648.58	(4.0 %)
Net Income	15.11	15.07	(0.2 %)
Average Shares	60.00	60.00	-
Earnings Per Share before unusual items (Riyals)	0.25	0.25	(0.2 %)
EPS (Riyal)	0.25	0.25	(0.2 %)

Revenues declined by 4% year-on-year (YoY due to a fall in activity in the medical and group retirement segments. In addition, net investment and other income dropped by 41% YoY.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2024	Q3 2025	Change‬
Insurance Revenues	205.16	221.63	8.0 %
Net Income	4.52	0.55	(87.9 %)
Average Shares	60.00	60.00	-
Earnings Per Share before unusual items (Riyal)	0.08	0.01	(87.9 %)
EPS (Riyal)	0.08	0.01	(87.9 %)

Item	Q2 2025	Q3 2025	Change‬
Insurance Revenues	220.59	221.63	0.5 %
Net Income	8.72	0.55	(93.7 %)
Average Shares	60.00	60.00	-
Earnings Per Share before unusual items (Riyal)	0.15	0.01	(93.7 %)
EPS (Riyal)	0.15	0.01	(93.7 %)

The third-quarter net earnings fell 88% to SAR 549,000, compared with SAR 4.52 million a year before.

The insurer's net income also dropped 93.7% from SAR 8.72 million in Q2 2025.

Insurance Operations

Item	9m 2024	9m 2025	Change‬
Insurance Revenues	675.47	648.58	(4.0 %)
Insurance Services Income	11.92	21.99	84.5 %
Investment Income	72.42	42.75	(41.0 %)
Net Profit of Insurance Services and Investment	52.41	49.95	(4.7 %)

Shareholders’ equity, with no minority interest, reached SAR 719.46 million by Sept. 30, 2025, up from SAR 697.24 million in the prior-year period.

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