Mulkia Investment Co.'s net profit declined by 31% to SAR 16.7 million in 2025, compared to SAR 24.3 million a year earlier.
| Item | 2024 | 2025 | Change |
|---|---|---|---|
| Revenues | 46.18 | 42.39 | (8.2 %) |
| Operating Income | 26.24 | 19.91 | (24.1 %) |
| Net Income | 24.27 | 16.68 | (31.3 %) |
| Average Shares | 7.80 | 7.80 | - |
| Earnings Per Share before unusual items (Riyals) | 3.11 | 2.14 | (31.3 %) |
| EPS (Riyal) | 3.11 | 2.14 | (31.3 %) |
The company attributed the decline in profits primarily to lower operating revenues, which fell to SAR 42.4 million from SAR 46.2 million in 2024.
This was driven by a SAR 6.8 million drop in non-recurring investment and asset management fees, partially offset by a SAR 3.8 million increase in fund management fees and a SAR 200,000 decrease in dividend and private commission income.
Operating expenses rose by SAR 2.5 million in 2025, while Zakat charges increased by SAR 1 million, including prior-year adjustments. These effects outweighed a SAR 3.2 million gain from fair-value investments.
| Item | H2 2024 | H2 2025 | Change |
|---|---|---|---|
| Revenues | 26.58 | 19.17 | (27.9 %) |
| Operating Income | 16.53 | 9.46 | (42.8 %) |
| Net Income | 15.70 | 6.89 | (56.1 %) |
| Average Shares | 7.80 | 7.80 | - |
| Earnings Per Share before unusual items (Riyal) | 2.01 | 0.88 | (56.1 %) |
| EPS (Riyal) | 2.01 | 0.88 | (56.1 %) |
| Item | H1 2025 | H2 2025 | Change |
|---|---|---|---|
| Revenues | 22.89 | 19.17 | (16.3 %) |
| Operating Income | 10.45 | 9.46 | (9.4 %) |
| Net Income | 9.79 | 6.89 | (29.6 %) |
| Average Shares | 7.80 | 7.80 | - |
| Earnings Per Share before unusual items (Riyal) | 1.25 | 0.88 | (29.6 %) |
| EPS (Riyal) | 1.25 | 0.88 | (29.6 %) |
In H2 2025, net income retreated 56.1%, compared with SAR 15.7 million in H2 2024.
Net income decreased by 29.6% compared to SAR 9.79 million in H1 2025.
Shareholders’ equity, no minority interest, stood at SAR 98.63 million by Dec. 31, 2025, compared to SAR 97.23 million a year earlier.
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