Riyadh – Mubasher: Nayifat Finance Company achieved net profits worth SAR 23.17 million in the first quarter (Q1) of 2026.
The positive result reflected a 1.57% decline from SAR 23.54 million in Q1-25, according to a bourse filing.
Nayifat attributed the annual decrease in net income during January-March 2026 to lower operating revenue and higher commission expenses on Islamic bank financings that were offset by lower credit impairment charges.
The earnings per share (EPS) remained unchanged at SAR 0.20 in Q1-26 when compared to Q1-25.
Moreover, the revenue generated during January-March 2026 stood at SAR 82.22 million, falling by 5.68% from SAR 87.17 million in the same three-month period a year earlier.
On a quarterly basis, the company turned to net profits in Q1-26 against net losses of SAR 185.80 million in Q4-25 and the revenue decreased by 1.75% from SAR 83.68 million.
In 2025, Nayifat shifted to net losses of SAR 126.33 million from net profits in 2024, while the revenue amounted to SAR 341.20 million.
