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Nayifat Finance Co. announces its Interim Financial results for the Period Ending on 2026-03-31 ( Three Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 82,22487,178-5.68283,689-1.75
Gross Profit (Loss) 68,38077,789-12.09571,509-4.375
Operational Profit (Loss) 26,12628,546-8.477-193,177-
Net Profit (Loss) Attributable to Shareholders of the Issuer 23,17623,546-1.571-185,807-
Total Comprehensive Income Attributable to Shareholders of the Issuer 23,17623,546-1.571-185,282-
All figures are in (Thousands) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Total Shareholders Equity (after Deducting Minority Equity) 1,262,6931,471,531-14.191
Profit (Loss) per Share 0.20.2
All figures are in (Thousands) Saudi Arabia, Riyals


Element ListAmountPercentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value --
All figures are in (Thousands) Saudi Arabia, Riyals


Element ListExplanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is The reason of the decrease in the revenues during the current quarter compared to the same quarter of the last year is primarily because of change in product mix toward higher credit quality segment in addition to, reduction of net loan portfolio due to premature settlements that is no longer contributing to the revenues of consumer financing portfolio.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The reason of the decrease in the net profit during the current quarter compared to the same quarter of the last year is attributable to lower operating revenues and higher commission expenses on Islamic bank financings that were offset by lower credit impairment charges.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The reason of the marginal decrease in revenues during the current quarter compared to the previous one is primarily because of change in product mix toward higher credit quality segment in addition to premature settlements that is no longer contributing to the revenues of consumer financing portfolio.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The reason of the increase in the net profit during the current quarter compared to the previous one is mainly driven by an increase in expected credit loss provisions in the previous quarter, as the Company reassessed the write-off point for personal and SME Islamic financing receivables.
Statement of the type of external auditor's report Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) NA
Reclassification of Comparison Items NA
Additional Information NA

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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