Theeb Rent Reports SAR 180.26M Net Profit in 2025
THEEB 4261.SA | 0.00 |
On 2026-03-30 15:40:03 (Saudi Time), Theeb Rent a Car Co. announced its Annual financial results for the twelve months ended on December 31, 2025.
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 1,497,066 | 1,302,672 | 14.92 | ||
| Gross Profit (Loss) | 469,932 | 417,762 | 12.49 | ||
| Operational Profit (Loss) | 280,567 | 265,039 | 5.86 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 180,259 | 182,706 | -1.34 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 180,536 | 183,751 | -1.75 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 914,653 | 830,438 | 10.14 | ||
| Profit (Loss) per Share | 2.79 | 2.83 | |||
| 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 | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | The reason of the increase in revenues during the current year compared to the last year by 14.9% is attributed to the growth in short-term and long-term rental revenues by 18.5%, driven by the increase in the number of rented vehicles. In addition, the rise in used car sales by 3.7%, due to a higher number of vehicles sold, contributed to this growth. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The reason of the slight decrease in the net profit during the current year compared to the last year by 1.3% is attributed to a marginal decrease in fleet utilization rates within the rental segment, in addition to the increase in expected credit loss provision, in line with the change in credit risk levels in the market. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | Not applicable |
| Reclassification of Comparison Items | Certain prior year amounts have been reclassified to conform to the presentation in the current year |
| Additional Information | Not applicable |
Year-on-Year Performance Drivers
Sales increased 14.92% YoY to SAR 1,497.07 million, driven by 18.5% growth in short-term and long-term rental revenues due to increased number of rented vehicles, plus 3.7% rise in used car sales from higher vehicle sales volume. Despite strong revenue growth, net profit declined slightly by 1.34% to SAR 180.26 million, primarily due to marginal decrease in fleet utilization rates within the rental segment and increased expected credit loss provisions reflecting higher market credit risk levels.
Other Items
The auditors issued an unmodified opinion with no additional comments, disclaimers, or adverse opinions noted. The company reported no accumulated losses, indicating a healthy capital position. Total shareholders' equity increased 10.14% to SAR 914,653 thousand. Certain prior year amounts were reclassified to conform to current year presentation standards.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=93949&anCat=1&cs=4261&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.