Financial Results : MRNA H1 2025 profit down 75% to SAR 3M; Q2 loss hits SAR 1.2M

MRNA H1 2025 profit down 75% to SAR 3M; Q2 loss hits SAR 1.2M

05/08/2025 Argaam Exclusive

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Morabaha Marina Financing Co. (MRNA) posted a 75% drop in net profit to SAR 3 million (excluding minority interest) for H1 2025, compared to SAR 11.8 million in the year-earlier period.

 

Before excluding minority interest, the company incurred a net loss of SAR 220,000 in H1 2025, compared to a net profit of SAR 8.6 million in H1 2024.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Net income from finance commissions 63.31 83.28 31.5 %
Net Income 11.78 2.98 (74.7 %)
Average Shares 71.43 71.43 -
Earnings Per Share before unusual items (Riyals) 0.16 0.04 (74.7 %)
EPS (Riyal) 0.16 0.04 (74.7 %)

The loss (before excluding minority interest) was mainly due to higher general and administrative (G&A) expenses and continued impairment losses due to losses from its subsidiary Digital Payments Company for FinTech (Loop).

 

This was partially offset by a 19.96% year-on-year (YoY) increase in revenue to SAR 106.82 million in H1 2025, driven by growth in new financing contracts from Q2 2024 through Q2 2025.

 

In Q2 2025, MRNA posted a net loss of SAR 1.24 million, compared to a profit of SAR 6.43 million a year earlier, mainly due to higher impairment charges and continued losses from its subsidiary, LOOP.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Net income from finance commissions 30.39 43.06 41.7 %
Net Income 6.43 (1.24) (119.4 %)
Average Shares 71.43 71.43 -
Earnings Per Share before unusual items (Riyal) 0.09 (0.02) (119.4 %)
EPS (Riyal) 0.09 (0.02) (119.4 %)

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