Financial Results : Tamara posts SAR 64.3M profit in H1 2025; Q2 at SAR 38.5M

Tamara posts SAR 64.3M profit in H1 2025; Q2 at SAR 38.5M

10/08/2025 Argaam Exclusive

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Tamara Finance Co. reported a net profit of SAR 64.3 million in H1 2025, against losses of SAR 109.4 million in the year-earlier period.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Net income from finance commissions 143.03 264.85 85.2 %
Net Income (109.45) 64.32 158.8 %
Average Shares 51.50 51.50 -
Earnings Per Share before unusual items (Riyals) (2.13) 1.25 158.8 %
EPS (Riyal) (2.13) 1.25 158.8 %

The positive performance was driven by a 55% increase in financing and investment commission income, which rose to SAR 495.9 million during the six-month period due to growth in the financing and investment portfolio.

 

Other revenues also increased to SAR 71.4 million, compared to SAR 13.6 million in the same period last year. Additionally, revenue from installment payments, the largest share of total income in line with the company's “Buy Now, Pay Later” model, also saw a rise.

 

Operational costs dropped by 21%, mainly due to a significant decline in expected credit loss provisions, which fell to SAR 17.9 million from SAR 139.3 million in H1 2024.

 

As a result, the company achieved an operating income of SAR 122.8 million, compared to an operating loss of SAR 76.4 million in the previous year. The expected credit loss provision now represents 1% of the company’s financing portfolio.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Net income from finance commissions 72.62 153.92 112.0 %
Net Income (47.32) 38.50 181.4 %
Average Shares 51.50 51.50 -
Earnings Per Share before unusual items (Riyal) (0.92) 0.75 181.4 %
EPS (Riyal) (0.92) 0.75 181.4 %

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