Derayah Financial Co. generated a net profit of SAR 106.2 million in Q1 2025, a decline of 22% from SAR 136.2 million in the prior-year period.
| Item | Q1 2024 | Q1 2025 | Change | 
|---|---|---|---|
| Revenues | 221.90 | 209.42 | (5.6 %) | 
| Operating Income | 153.57 | 133.04 | (13.4 %) | 
| Net Income | 136.15 | 106.22 | (22.0 %) | 
| Average Shares | 249.74 | 249.74 | - | 
| Earnings Per Share before unusual items (Riyal) | 0.55 | 0.43 | (22.0 %) | 
| EPS (Riyal) | 0.55 | 0.43 | (22.0 %) | 
| Item | Q4 2024 | Q1 2025 | Change | 
|---|---|---|---|
| Revenues | 232.64 | 209.42 | (10.0 %) | 
| Operating Income | 134.63 | 133.04 | (1.2 %) | 
| Net Income | 107.59 | 106.22 | (1.3 %) | 
| Average Shares | 249.74 | 249.74 | - | 
| Earnings Per Share before unusual items (Riyal) | 0.43 | 0.43 | (1.3 %) | 
| EPS (Riyal) | 0.43 | 0.43 | (1.3 %) | 
The company cited a 5.6% decline year-on-year (YoY) in revenues to SAR 209.4 million in Q1 2025, due to a decrease in the unrealized fair value of investments in financial instruments through profit or loss (FVTPL).
Brokerage revenues grew by 5.6% YoY to SAR 134.3 million in the three-month period.
Revenues from asset management dropped 22.3% YoY to SAR 32.9 million, while assets under management (AUM) increased by 41.8% YoY to SAR 18.1 billion in Q1 2025.
Additionally, revenues from special commissions were almost flat (-1.1% YoY) at SAR 42.4 million. Operating profits jumped 13.1% YoY to SAR 131.9 million.
On the other hand, operating expenses (opex) increased by 10.5% YoY to SAR 77.5 million.
Net profit decreased by 1.3% quarter-on-quarter (QoQ) from SAR 107.5 million.
Total shareholders’ equity, no minority interest, rose to SAR 1.08 billion as of March 31, 2025, from SAR 873.62 million a year earlier.
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