Lumi Rental Reports SAR 40.04M Net Profit in Three Months 2026
LUMI 4262.SA | 0.00 |
On 2026-05-07 08:00:24 (Saudi Time), Lumi Rental 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 |
|---|---|---|---|---|---|
| Sales/Revenue | 366,058 | 411,531 | -11.049 | 426,732 | -14.218 |
| Gross Profit (Loss) | 113,984 | 120,453 | -5.37 | 100,566 | 13.342 |
| Operational Profit (Loss) | 65,891 | 83,000 | -20.613 | 67,020 | -1.684 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 40,040 | 53,149 | -24.664 | 38,017 | 5.321 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 40,040 | 53,149 | -24.664 | 35,498 | 12.795 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 1,447,849 | 1,265,391 | 14.419 |
| Profit (Loss) per Share | 0.73 | 0.97 | |
| 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
Sales declined 11.049% YoY to SAR 366.06 million primarily due to lower used car sales, with vehicle sales volumes dropping 26.3% as part of the company's strategy to optimize disposal timing and extend asset life. Net profit decreased 24.664% YoY to SAR 40.04 million, driven by lower gross profit and increased receivable provisions despite core operating revenue remaining relatively stable with only a 1.2% decline.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 14.2% to SAR 366.06 million, primarily driven by a 33.3% decrease in used car sales volume to 1.4 thousand vehicles. Despite lower revenue, net profit increased 5.3% QoQ to SAR 40.04 million, supported by improved gross profit margins and reduced finance costs.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. No material uncertainties or significant risk warnings were disclosed in the interim financial report. Earnings per share decreased to SAR 0.73 compared to SAR 0.97 in the same quarter of the previous year, while total shareholders' equity increased 14.419% YoY to SAR 1,447,849 thousand.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95039&anCat=1&cs=4262&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/25832_4826_2026-05-06_18-11-51_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.