Raya Financing Reports SAR 8.54M Net Profit in the Three Months 2026
RAYA SUKUK PERP 5024.SA | 0.00 |
On 2026-08-24 08:00:17 (Saudi Time), Raya Financing 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 | 135,854,217 | 98,665,776 | 37.691 | 122,787,186 | 10.642 |
| Gross Profit (Loss) | - | - | - | - | - |
| Operational Profit (Loss) | 9,006,759 | 25,268,067 | -64.355 | 9,075,358 | -0.755 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 8,542,428 | 20,883,013 | -59.093 | 5,046,982 | 69.258 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 8,542,428 | 20,883,013 | -59.093 | 5,046,982 | 69.258 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 672,341,034 | 355,827,701 | 88.951 |
| Profit (Loss) per Share | 0.26 | 0.63 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales/Revenue increased 37.691% YoY from SAR 98.66 million to SAR 135.85 million (converted from Actual: 98,665,776 / 1,000,000 = SAR 98.67 million and 135,854,217 / 1,000,000 = SAR 135.85 million), driven by growth in the size of the financing portfolio. Net profit attributable to shareholders declined 59.093% YoY from SAR 20.88 million to SAR 8.54 million, primarily due to the non-recurrence of the prior-year gain on securitization, an increase in Expected Credit Loss, and higher finance costs.
Quarter-on-Quarter Performance Drivers
QoQ revenue rose 10.642% to SAR 135.85 million (from SAR 122.79 million), driven by continued growth in the financing portfolio. Net profit attributable to shareholders surged 69.258% QoQ to SAR 8.54 million (from SAR 5.05 million), primarily driven by higher operating profits and a decrease in other expenses.
Other Items
The external auditor issued an unmodified conclusion with no comments or qualifications mentioned in the report. Total shareholders' equity (after deducting minority equity) stood at SAR 672,341,034, representing an 88.951% increase compared to SAR 355,827,701 in the same period of the prior year. Earnings per share for the current period were SAR 0.26, compared to SAR 0.63 in the same period of the prior year. No accumulated losses were reported.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97752&anCat=1&cs=5024&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.