Amlak International Finance Co.'s Q1 2025 net earnings reached SAR 11.9 million, leaping 38% from SAR 8.6 million a year earlier.
Item | Q1 2024 | Q1 2025 | Change |
---|---|---|---|
Net income from finance commissions | 50.96 | 81.42 | 59.8 % |
Net Income | 8.61 | 11.92 | 38.4 % |
Average Shares | 101.93 | 101.93 | - |
Earnings Per Share before unusual items (Riyal) | 0.08 | 0.12 | 38.4 % |
EPS (Riyal) | 0.08 | 0.12 | 38.4 % |
Item | Q4 2024 | Q1 2025 | Change |
---|---|---|---|
Net income from finance commissions | 74.49 | 81.42 | 9.3 % |
Net Income | 19.15 | 11.92 | (37.8 %) |
Average Shares | 101.93 | 101.93 | - |
Earnings Per Share before unusual items (Riyal) | 0.19 | 0.12 | (37.8 %) |
EPS (Riyal) | 0.19 | 0.12 | (37.8 %) |
The profit growth was mainly attributable to the 9.09% increase in loans and advances, alongside the enhanced yield on such portfolio during the three-month period.
This was in addition the elevated income from special commission on financing, albeit partially offset by higher finance costs and operating expenses (OpEx) for Q1 2025.
Compared with the previous quarter, however, the three-month earnings fell 37.8% from SAR 19.15 million, mainly due to higher OpEx.
Total shareholders' equity, no minority interest, climbed to SAR 1.23 billion as of March 31, 2025, from SAR 1.19 billion a year earlier.
Be the first to comment
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments Analysis: