Amlak International Finance Reports SAR 41.34M Net Profit in the Six Months 2026
AMLAK 1182.SA | 0.00 |
On 2026-07-30 08:03:39 (Saudi Time), Amlak International 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 |
|---|---|---|---|---|---|
| Total Income From Special Commission of Financing | 164,619 | 139,323 | 18.156 | 146,734 | 12.188 |
| Net Income From Special Commission of Financing | 109,465 | 82,822 | 32.168 | 94,407 | 15.95 |
| Net Income From Special Commission of Investment | - | - | - | - | - |
| Total Operations Profit (Loss) | 109,765 | 83,072 | 32.132 | 94,707 | 15.899 |
| Net Profit (Loss) before Zakat and Income Tax | 32,156 | 25,689 | 25.174 | 19,924 | 61.393 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 25,525 | 20,390 | 25.183 | 15,815 | 61.397 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 27,656 | 19,642 | 40.8 | 17,787 | 55.484 |
| Total Operating Expenses Before Provisions for Credit and Other Losses | 53,126 | 45,775 | 16.058 | 50,926 | 4.319 |
| Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net | 24,483 | 11,608 | 110.914 | 23,857 | 2.623 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Income From Special Commission of Financing | 311,353 | 277,512 | 12.194 |
| Net Income From Special Commission of Financing | 203,872 | 164,238 | 24.132 |
| Net Income From Special Commission of Investment | - | - | - |
| Total Operations Profit (Loss) | 204,472 | 164,738 | 24.119 |
| Net Profit (Loss) before Zakat and Income Tax | 52,080 | 40,701 | 27.957 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 41,340 | 32,305 | 27.967 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 45,443 | 26,788 | 69.639 |
| Assets | 4,875,306 | 4,611,511 | 5.72 |
| Investments | 893 | 893 | - |
| Loans And Advances Portfolio (Financing And Investment) | 4,571,427 | 4,383,403 | 4.289 |
| Clients' deposits | - | - | - |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,275,679 | 1,251,507 | 1.931 |
| Total Operating Expenses Before Provisions for Credit and Other Losses | 104,052 | 91,740 | 13.42 |
| Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net | 48,340 | 32,297 | 49.673 |
| Profit (Loss) per Share | 0.41 | 0.32 | |
| 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
Total income from special commission of financing rose 12.19% YoY to SAR 311.35 million for the six-month period ending 30 June 2026, driven by a 4.29% growth in the loans and advances portfolio, enhanced portfolio yield, and a gain on the sale of a portion of the financing portfolio. Net profit attributable to shareholders increased 27.97% YoY to SAR 41.34 million, primarily supported by higher special commission income and a decrease in finance costs. These gains were partially offset by a 13.42% rise in operating expenses to SAR 104.05 million and a significant 49.67% increase in net provisions for expected credit losses to SAR 48.34 million, the latter reflecting portfolio growth, refinements to the ECL model assumptions, and heightened uncertainty from geopolitical conditions.
Quarter-on-Quarter Performance Drivers
QoQ total income from special commission of financing rose 12.19% to SAR 164.619 million (from SAR 146.734 million in the previous quarter), driven by growth in the loans and advances portfolio, enhanced portfolio yield, and a gain on the sale of a portion of the financing portfolio. Net profit attributable to shareholders surged 61.40% QoQ to SAR 25.525 million (from SAR 15.815 million), primarily driven by the increase in special commission income, partially offset by higher finance costs, higher operating expenses, and a modest 2.62% rise in net expected credit loss provisions to SAR 24.483 million (from SAR 23.857 million), reflecting continued portfolio growth and updated model estimates under ongoing geopolitical uncertainty.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, qualifications, or other matters noted. Total assets stood at SAR 4,875,306 thousand as of 30 June 2026, up 5.72% from SAR 4,611,511 thousand a year earlier, while total shareholders' equity (after deducting minority equity) reached SAR 1,275,679 thousand, a 1.931% increase year-on-year. The loans and advances portfolio grew 4.289% to SAR 4,571,427 thousand. Earnings per share for the six-month period were SAR 0.41, compared to SAR 0.32 for the same period of the prior year. No reclassification of comparative figures was made. The company noted that it is not engaged in deposit-taking activities and does not generate special commission income from investments, rendering those line items not applicable.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97087&anCat=1&cs=1182&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.