TAS'HEEL Reports SAR 64.39M Net Profit in Three Months 2026
TASHEEL 4083.SA | 0.00 |
On 2026-05-11 08:06:07 (Saudi Time), United International Holding Company - TAS'HEEL 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 | 205.26 | 174.65 | 17.526 | 203.19 | 1.018 |
| Gross Profit (Loss) | 180.61 | 153.57 | 17.607 | 176.76 | 2.178 |
| Operational Profit (Loss) | 71.52 | 64.69 | 10.558 | 83.75 | -14.602 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 64.39 | 57.81 | 11.382 | 74.48 | -13.547 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 64.38 | 57.8 | 11.384 | 73.13 | -11.964 |
| 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) | 1,461.33 | 1,170.45 | 24.851 |
| Profit (Loss) per Share | 2.58 | 2.31 | |
| 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
Sales increased 17.526% YoY to SAR 205.26 million, driven by strong growth in the financing portfolio which expanded 21.7% to SAR 3.21 billion, reflecting robust demand across all financing products. Net profit rose 11.382% YoY to SAR 64.39 million, supported by the revenue growth that boosted gross profit by 17.607%, though the profit increase was moderated by higher operating expenses.
Quarter-on-Quarter Performance Drivers
QoQ revenue increased 1.018% to SAR 205.26 million driven by 1.9% growth in the financing portfolio. However, net profit declined 13.547% to SAR 64.39 million due to higher operating costs and increased provisions for expected credit losses.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. Total shareholders equity increased 24.851% to SAR 1,461.33 million compared to the previous year, while earnings per share improved to SAR 2.58 from SAR 2.31 in the same quarter last year.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95205&anCat=1&cs=4083&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.