Derayah H1 2025 profit down 6% to SAR 213.3M; Q2 up at SAR 107.1M

Derayah Financial Co. reported a net profit of SAR 213.3 million in H1 2025, down 6% from SAR 228 million in the prior-year period.

The year-on-year (YoY) profit decline was mainly due to higher losses from the company’s stake investment in D360 Bank.

These equity-accounted investee losses, while non-cash, stemmed from increased marketing and operational activities following the digital bank’s full commercial licensing in mid-December 2024, with D360 Bank’s client base surpassing 1.2 million by June 2025.

Derayah’s H1 2025 revenues grew 2.3% YoY to SAR 444.4 million, supported by solid brokerage and investment returns. This offset partial weakness in asset management fees and special commission income.

Meanwhile, the six-month net profit excluding affiliate losses rose 8.5% YoY to SAR 275.7 million, reflecting stronger core operations.

In Q2 2025, however, Derayah’s bottom line soared 17% to SAR 107.1 million, versus SAR 91.86 million in the year before.

This came as the second-quarter revenue advanced by 10.7% YoY to SAR 235 million, driven by higher brokerage and asset management performance, along with stronger investment returns.

Operating profit also jumped by 37.3% YoY to SAR 141.4 million in Q2 2025, in tandem with a strong margin of 60.2%.

On the other hand, during the same quarter, D360 Bank-related losses widened to SAR 38.4 million, from SAR 15.2 million a year earlier, in line with expectations, as the digital bank continues to ramp up operations and infrastructure investments.

On a sequential basis, the three-month earnings ticked 0.8% higher from SAR 106.22 million in Q1 2025, as revenues climbed by 12.2% quarter-on-quarter.

Shareholders’ equity, after minority interest, rose to SAR 1.12 billion by June 30, 2025, compared to SAR 961.37 million a year ago.

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