Financial Results : Nayifat H1 2025 profits down 30% to SAR 39.1M; Q2 at SAR 15.6M

Nayifat H1 2025 profits down 30% to SAR 39.1M; Q2 at SAR 15.6M

31/07/2025 Argaam Exclusive

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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.



Financials (M)

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.



Current Quarter Comparison (M)

Compared With The
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 %)

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