Financial Results : Nayifat 9M 2025 profit drops 37% to SAR 59.5M; Q3 at SAR 20.4M

Nayifat 9M 2025 profit drops 37% to SAR 59.5M; Q3 at SAR 20.4M

02/11/2025 Argaam Exclusive

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Nayifat Finance Co. reported a net profit of SAR 59.5 million in the first nine months of 2025, a fall of 37% from SAR 94.4 million in the year-earlier period.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Net income from finance commissions 235.79 226.73 (3.8 %)
Net Income 94.42 59.47 (37.0 %)
Average Shares 120.00 120.00 -
Earnings Per Share before unusual items (Riyals) 0.79 0.50 (37.0 %)
EPS (Riyal) 0.79 0.50 (37.0 %)

The company recorded lower revenues due to a change in product mix toward a higher credit quality segment, in addition to premature settlements that are no longer contributing to the revenues of the consumer financing portfolio.

 

In addition, Nayifat cited lower operating revenues and higher credit impairment charges to enhance the coverage ratio.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Net income from finance commissions 80.89 76.68 (5.2 %)
Net Income 38.92 20.35 (47.7 %)
Average Shares 120.00 120.00 -
Earnings Per Share before unusual items (Riyal) 0.32 0.17 (47.7 %)
EPS (Riyal) 0.32 0.17 (47.7 %)

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