Quara Finance Reports SAR 19.80M Net Profit in the Six Months 2026
QUARA 9596.SA | 0.00 |
On 2026-07-30 16:18:34 (Saudi Time), Quara 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 |
|---|---|---|---|---|---|
| Sales/Revenue | 70,533.873 | 67,668.539 | 4.234 | 66,673.946 | 5.789 |
| Gross Profit (Loss) | 60,366.348 | 59,045.45 | 2.237 | 56,989.058 | 5.926 |
| Operational Profit (Loss) | 12,558.855 | 1,882.089 | 567.282 | 11,683.182 | 7.495 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 10,168.915 | 1,503.112 | 576.524 | 9,635.546 | 5.535 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 10,168.916 | 1,503.112 | 576.524 | 9,635.546 | 5.535 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 137,237.738 | 132,742.438 | 3.386 |
| Gross Profit (Loss) | 117,385.325 | 116,960.417 | 0.363 |
| Operational Profit (Loss) | 24,241.047 | 12,271.679 | 97.536 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 19,803.471 | 10,064.396 | 96.767 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 19,803.471 | 10,064.396 | 96.767 |
| Total Shareholders Equity (after Deducting Minority Equity) | 487,053.165 | 469,315.781 | 3.779 |
| Profit (Loss) per Share | 0.66 | 0.34 | |
| 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
For the six-month period ending 30 June 2026, Quara Finance Co. reported sales/revenue of SAR 137.24 million (converted from SAR 137,237.738 thousands), up 3.386% YoY from SAR 132.74 million, primarily driven by the origination of new finance contracts that expanded the portfolio size. Net profit attributable to shareholders surged 96.767% YoY to SAR 19.80 million from SAR 10.06 million, mainly due to higher Murabaha income and a significant reduction in expected credit losses, reflecting improved portfolio quality. Operational profit nearly doubled, rising 97.536% YoY to SAR 24.24 million from SAR 12.27 million, further underscoring the enhanced operational efficiency and credit performance during the period.
Quarter-on-Quarter Performance Drivers
QoQ revenue rose 5.789% to SAR 70.53 million (SAR 70,533.873 Thousands ÷ 1,000 = SAR 70.53 million), driven by the origination of new finance contracts that expanded the portfolio size and improved portfolio yield. Net profit attributable to shareholders increased 5.535% QoQ to SAR 10.17 million (SAR 10,168.915 Thousands ÷ 1,000 = SAR 10.17 million), primarily due to higher Murabaha income and a reduction in expected credit losses resulting from improved portfolio quality.
Other Items
The external auditor issued an unmodified conclusion with no additional comments or reservations noted. A reclassification of comparison items was disclosed: the cost of accepted loans and commission on loans, previously included in other general and administrative expenses, have been reclassified to Murabaha income; additionally, the discount on settlement, previously netted off against Murabaha income, has been reclassified to Provision for expected credit losses. Total shareholders' equity (after deducting minority equity) stood at SAR 487,053.165 thousands as of the current period, up 3.779% from SAR 469,315.781 thousands in the same period of the previous year. Earnings per share for the current six-month period were SAR 0.66, compared to SAR 0.34 in the corresponding prior-year period. No material risks, going concern uncertainties, or accumulated loss disclosures were reported in this announcement.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97119&anCat=1&cs=9596&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/19753_5526_2026-07-30_10-51-44_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.