Nayifat Finance Reports SAR 60.07M Net Profit in the Six Months 2026
NAYIFAT 4081.SA | 0.00 |
On 2026-08-04 09:53:34 (Saudi Time), Nayifat Finance Co. announced its Interim financial results for the six months ended on June 30, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 73,502 | 82,725 | -11.148 | 82,224 | -10.607 |
| Gross Profit (Loss) | 60,680 | 72,266 | -16.032 | 68,380 | -11.26 |
| Operational Profit (Loss) | 42,186 | 20,371 | 107.088 | 26,126 | 61.471 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 36,898 | 15,571 | 136.966 | 23,176 | 59.207 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 36,898 | 15,571 | 136.966 | 23,176 | 59.207 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 155,726 | 169,903 | -8.344 |
| Gross Profit (Loss) | 129,060 | 150,055 | -13.991 |
| Operational Profit (Loss) | 68,312 | 48,917 | 39.648 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 60,074 | 39,117 | 53.575 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 60,074 | 39,117 | 53.575 |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,299,591 | 1,436,212 | -9.512 |
| Profit (Loss) per Share | 0.52 | 0.33 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
For the six-month period ending 30 June 2026, Nayifat Finance Co. reported a YoY decline in Sales/Revenue of 8.344%, falling from SAR 169.90 million to SAR 155.73 million, primarily due to the company's strategic shift toward higher credit quality customer segments and a reduction in the net financing portfolio caused by premature settlements that no longer contribute to financing revenues. Despite the revenue decline, net profit attributable to shareholders surged 53.575% YoY, rising from SAR 39.12 million to SAR 60.07 million, driven by significantly lower operating expenses and the positive impact of the company's recovery efforts, which generated higher recoveries and a net reversal of the expected credit loss allowance.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 10.607% to SAR 73.50 million (from SAR 82.22 million), driven by the company's deliberate strategy of selective customer acquisition focused on higher credit quality segments, compounded by the impact of premature settlements reducing the consumer financing portfolio. Despite lower revenues, net profit surged 59.207% QoQ to SAR 36.90 million (from SAR 23.18 million), primarily due to the company's intensified recovery efforts, which generated higher recoveries and a net reversal of the expected credit loss allowance.
Other Items
The external auditor issued an unmodified conclusion on Nayifat Finance Co.'s interim financial results for the six months ended June 30, 2026, with no additional comments, reservations, or qualifications noted. Total shareholders' equity (after deducting minority equity) stood at SAR 1,299,591 thousand as of the current period, compared to SAR 1,436,212 thousand in the same period of the prior year, representing a decline of 9.512%. Earnings per share for the current period were SAR 0.52, up from SAR 0.33 in the corresponding prior-year period. No material risks, going concern uncertainties, debt covenant breaches, or accumulated losses as a percentage of capital were disclosed in the announcement.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97244&anCat=1&cs=4081&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.