Aljazira Takaful Reports SAR 0.10M Net Profit in the Six Months 2026
JAZIRA TAKAFUL 8012.SA | 0.00 |
On 2026-08-05 08:04:39 (Saudi Time), Aljazira Takaful Taawuni 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 |
|---|---|---|---|---|---|
| Insurance Revenues | 104,590 | 87,138 | 20.028 | 98,406 | 6.284 |
| Result of Insurance Services | 9,190 | 9,723 | -5.481 | 16,410 | -43.997 |
| Net Profit (Loss) of The Insurance Results | -9,945 | 5,355 | - | 8,825 | - |
| Net Profit (Loss) of The Investment Results | 149,129 | 53,991 | 176.21 | -4,981 | - |
| Net Insurance Financing Expenses | -137,208 | -46,445 | 195.42 | 11,061 | - |
| Net Profit (Loss), After Zakat, Attributable To Shareholders | -7,361 | 4,080 | - | 7,461 | - |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -7,361 | 4,080 | - | 7,461 | - |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Insurance Revenues | 202,996 | 170,896 | 18.783 |
| Result of Insurance Services | 25,600 | 41,330 | -38.059 |
| Net Profit (Loss) of The Insurance Results | -1,120 | 21,892 | - |
| Net Profit (Loss) of The Investment Results | 144,148 | 64,967 | 121.878 |
| Net Insurance Financing Expenses | -126,147 | -50,168 | 151.449 |
| Net Profit (Loss), After Zakat, Attributable To Shareholders | 100 | 20,193 | -99.504 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 100 | 22,702 | -99.559 |
| Total Shareholders Equity (after Deducting Minority Equity) | 980,672 | 978,578 | 0.213 |
| Profit (Loss) per Share | 0.002 | 0.31 | |
| 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 | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Insurance revenues for the current period (six months ending 30 June 2026) rose 18.783% YoY to SAR 202.996 million (from SAR 170.896 million), driven primarily by business growth. However, net profit attributable to shareholders collapsed 99.504% YoY to SAR 0.10 million (from SAR 20.193 million), as the net insurance result swung to a loss of SAR 1.12 million from a profit of SAR 21.892 million due to variations in business performance, while net insurance financing expenses surged 151.449% to SAR 126.147 million (from SAR 50.168 million), far outweighing the partial offset from a 121.878% increase in net investment results to SAR 144.148 million (from SAR 64.967 million).
Quarter-on-Quarter Performance Drivers
QoQ, insurance revenue rose 6.28% to SAR 104.59 million (from SAR 98.41 million in the prior quarter), driven by business growth. However, net profit attributable to shareholders swung to a loss of SAR 7.36 million from a profit of SAR 7.46 million in the previous quarter (a decline of 198.66%), primarily because the net insurance result deteriorated sharply to a loss of SAR 9.95 million from a profit of SAR 8.83 million (down 212.69%) due to variations in business performance. This was only partially offset by higher net investment income (excluding unit-linked fair value changes) of SAR 12.41 million versus SAR 7.32 million in the prior quarter, an increase of 69.42%.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, reservations, or adverse opinions noted. Total shareholders' equity (excluding minority interest) at the end of the current period amounted to SAR 980,778 thousand, compared to SAR 978,336 thousand at the end of the corresponding period of the previous year, representing an increase of 0.25%. Earnings per share for the current period amounted to SAR 0.002 per share, compared to SAR 0.31 per share for the corresponding period of the previous year, calculated by dividing net profit after Zakat and income tax attributable to shareholders of SAR 100 thousand by the weighted average number of 66,000 thousand ordinary shares outstanding. No accumulated losses, no reclassification of comparison items, and no material risk warnings regarding going concern or debt default were disclosed in this announcement.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97262&anCat=1&cs=8012&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.