Financial Results : MRNA’s 2024 profit down 17% to SAR 30.4M; Q4 at SAR 10.4M

MRNA’s 2024 profit down 17% to SAR 30.4M; Q4 at SAR 10.4M

27/03/2025 Argaam Exclusive

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Morabaha Marina Financing Co. (MRNA) reported a decline of 17% in net profit after minority rights to SAR 30.4 million in 2024 from SAR 36.6 million in the previous year.



Financials (M)

Item 2023 2024 Change‬
Net income from finance commissions 123.07 135.73 10.3 %
Net Income 36.63 30.40 (17.0 %)
Average Shares 71.43 71.43 -
Earnings Per Share before unusual items (Riyals) 0.51 0.43 (17.0 %)
EPS (Riyal) 0.51 0.43 (17.0 %)

Before minority rights, MRNA’s annual net profit reached SAR 22.7 million, down from SAR 31 million in the previous year.



Current Quarter Comparison (M)

Compared With The
Item Q4 2023 Q4 2024 Change‬
Net income from finance commissions 31.39 40.29 28.4 %
Net Income (3.42) 10.42 404.4 %
Average Shares 71.43 71.43 -
Earnings Per Share before unusual items (Riyal) (0.05) 0.15 404.4 %
EPS (Riyal) (0.05) 0.15 404.4 %

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