Derayah Financial Reports SAR 97.03M Net Profit in Three Months 2026
DERAYAH 4084.SA | 0.00 |
On 2026-05-11 15:48:14 (Saudi Time), Derayah Financial Company 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 |
|---|---|---|---|---|---|
| Sales/Revenue | 227.92 | 209.809 | 8.632 | 251.37 | -9.328 |
| Gross Profit (Loss) | 127.972 | 131.888 | -2.969 | 118.44 | 8.047 |
| Operational Profit (Loss) | 127.972 | 131.888 | -2.969 | 118.44 | 8.047 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 97.034 | 106.219 | -8.647 | 87.19 | 11.29 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 95.584 | 103.813 | -7.926 | 73.29 | 30.418 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 1,201.609 | 1,084.111 | 10.838 |
| Profit (Loss) per Share | 0.4 | 0.44 | |
| All figures are in (Millions) 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 (Millions) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Revenue increased 8.632% YoY to SAR 227.92 million, driven by strong growth in special commission income and lower losses on investments in financial instruments, supported by resilient brokerage revenues despite launching zero commission in Saudi. Net profit declined 8.647% YoY to SAR 97.034 million, primarily due to operating expenses rising 28.3% from higher professional and IT-related expenses for platform enhancements and increased marketing spend. The company also recorded SAR 29.7 million in losses from its D360 Bank investment, representing a 23.2% YoY increase in associate losses.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 9.3% to SAR 227.92 million, primarily due to the absence of investment gains recorded in the previous quarter and lower asset management revenue from reduced subscription and performance fees, partially offset by continued growth in special commission income. Net profit increased 11.29% to SAR 97.034 million despite the revenue decline, driven by a 24.8% decrease in operating expenses and an 11.4% improvement in associate losses from D360 Bank. Operating expenses fell significantly due to lower personnel, professional and IT expenses, while the digital bank investment showed narrowing losses as it transitions from build-up to scaled operations.
Other Items
The external auditor issued an unmodified conclusion with no comments mentioned in other matter, conservation, notice, disclaimer of opinion, or adverse opinion paragraphs. Total shareholders equity increased 10.838% YoY to SAR 1,201.609 million, while earnings per share decreased from SAR 0.44 to SAR 0.4. The company's D360 Bank investment has attracted 3 million customers and SAR 3.0 billion in deposits since beginning commercial operations in December 2024, now entering its next growth phase focused on expanding its lending portfolio. Certain comparative figures were reclassified to conform with current year presentation.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95246&anCat=1&cs=4084&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/28374_7206_2026-05-11_15-21-59_en.pdfImportant 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.