Nayifat Finance Co. reported a net profit of SAR 39.1 million in H1 2025, a decline of 30% from SAR 55.5 million in the year-earlier period.
Item | 6m 2024 | 6m 2025 | Change |
---|---|---|---|
Net income from finance commissions | 154.48 | 149.50 | (3.2 %) |
Net Income | 55.49 | 39.12 | (29.5 %) |
Average Shares | 120.00 | 120.00 | - |
Earnings Per Share before unusual items (Riyals) | 0.46 | 0.33 | (29.5 %) |
EPS (Riyal) | 0.46 | 0.33 | (29.5 %) |
The profit decline is attributed to lower operating revenues and higher credit impairment charge and this was offset by the reduced cost of banks' borrowings.
Meanwhile, revenue fell during H1 2025 due to the early settlements in 2024 that is not contributing anymore in the revenues of consumer financing portfolio during the current period.
Item | Q2 2024 | Q2 2025 | Change |
---|---|---|---|
Net income from finance commissions | 81.14 | 71.96 | (11.3 %) |
Net Income | 38.32 | 15.57 | (59.4 %) |
Average Shares | 120.00 | 120.00 | - |
Earnings Per Share before unusual items (Riyal) | 0.32 | 0.13 | (59.4 %) |
EPS (Riyal) | 0.32 | 0.13 | (59.4 %) |
Item | Q1 2025 | Q2 2025 | Change |
---|---|---|---|
Net income from finance commissions | 77.53 | 71.96 | (7.2 %) |
Net Income | 23.55 | 15.57 | (33.9 %) |
Average Shares | 120.00 | 120.00 | - |
Earnings Per Share before unusual items (Riyal) | 0.20 | 0.13 | (33.9 %) |
EPS (Riyal) | 0.20 | 0.13 | (33.9 %) |
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