Amlak International Reports SAR 15.82M Net Profit in Three Months 2026
AMLAK 1182.SA | 0.00 |
On 2026-04-29 15:50:01 (Saudi Time), Amlak International Finance Co. announced its Interim financial results for the three months ended on March 31, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Total Income From Special Commission of Financing | 146,734 | 138,189 | 6.183 | 144,470 | 1.567 |
| Net Income From Special Commission of Financing | 94,407 | 81,416 | 15.956 | 88,123 | 7.13 |
| Net Income From Special Commission of Investment | - | - | - | - | - |
| Total Operations Profit (Loss) | 94,707 | 81,666 | 15.968 | 88,423 | 7.106 |
| Net Profit (Loss) before Zakat and Income Tax | 19,924 | 15,012 | 32.72 | 19,726 | 1.003 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 15,815 | 11,915 | 32.731 | 15,656 | 1.015 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 17,787 | 7,146 | 148.908 | 12,852 | 38.398 |
| Total Operating Expenses Before Provisions for Credit and Other Losses | 50,926 | 45,965 | 10.792 | 48,814 | 4.326 |
| Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net | 23,857 | 20,689 | 15.312 | 19,883 | 19.986 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Assets | 4,630,666 | 4,628,667 | 0.043 |
| Investments | 893 | 893 | - |
| Loans And Advances Portfolio (Financing And Investment) | 4,463,247 | 4,342,196 | 2.787 |
| Clients' deposits | - | - | - |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,298,986 | 1,231,865 | 5.448 |
| Profit (Loss) per Share | 0.16 | 0.12 | |
| 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 increased 6.18% YoY to 146.73 million due to a 2.79% growth in the loans and advances portfolio and enhanced yield on the portfolio. Net profit surged 32.73% YoY to 15.82 million, driven by higher commission income and reduced finance costs, partially offset by a 10.79% increase in operating expenses and a 15.31% rise in credit loss provisions related to portfolio growth and updated risk models reflecting geopolitical uncertainties.
Quarter-on-Quarter Performance Drivers
QoQ revenue from special commission financing increased 1.57% to 146.73 million due to growth in loans and advances portfolio and enhanced yield. Net profit rose marginally by 1.02% to 15.82 million, driven by higher commission income and reduced finance costs, but partially offset by increased operating expenses (4.33% rise) and higher credit loss provisions (19.99% increase). The provision increase was attributed to portfolio growth and updated credit loss estimates reflecting geopolitical uncertainties.
Other Items
Amlak International Finance Co. received an unmodified conclusion from external auditors with no adverse comments, disclaimers, or material uncertainties noted. The company reported total assets of 4.63 billion SAR with total shareholders' equity of 1.30 billion SAR, representing a 5.448% increase from the prior year. Earnings per share improved to 0.16 SAR compared to 0.12 SAR in the same quarter last year. The company operates exclusively in financing activities without deposit-taking or investment commission income streams, as noted in their disclosure.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94780&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.