Riyadh – Mubasher: Nayifat Finance Company registered net profits amounting to SAR 39.11 million in the first half (H1) of 2025, an annual drop of 29.51% from SAR 55.49 million.
The company generated 5.10% year-on-year (YoY) lower revenues at SAR 169.90 million as of 30 June 2025, versus SAR 179.04 million, according to the financial results.
Earnings per share (EPS) declined to SAR 0.33 in the first six months (6M) of 2025 from SAR 0.46 a year earlier.
Financials for Q2-25
In the second quarter (Q2) of 2025, Nayifat Finance recorded an annual plunge of 59.36% in net profit to SAR 15.57 million, compared to SAR 38.31 million.
The revenues amounted to SAR 82.72 million in Q2-25, down 11.33% YoY from SAR 93.30 million.
Quarterly, the Q2-25 profits retreated by 33.86% from SAR 23.54 million in Q1-25, while the revenues fell by 5.10% from SAR 87.17 million.
Last month, the company rolled out a five-year strategy to foster its position in the financing sector and actively contribute to achieving the goals of Saudi Vision 2030.
