Yaqeen Capital Reports SAR 5.09M Net Profit in 2025
YAQEEN 9602.SA | 9.61 | 0.00% |
On 2026-03-10 08:07:45 (Saudi Time), Yaqeen Capital Co. announced its Annual financial results for the twelve months ended on December 31, 2025.
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 73,327 | 89,479 | -18.05 | ||
| Gross Profit (Loss) | 11,988 | 28,502 | -57.94 | ||
| Operational Profit (Loss) | 11,725 | 28,502 | -58.86 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 5,088 | 21,178 | -75.97 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 6,159 | 19,763 | -68.83 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 284,577 | 278,418 | 2.21 | ||
| Profit (Loss) per Share | 0.2 | 0.83 | |||
| 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 | - | - | |
| 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 |
Revenues decreased by 18%, from SAR 89.48 million in December 2024 to SAR 73.33 million in December 2025. This decline is mainly attributed to the recognition of unrealized investment losses and the negative impact on some services due to the decline in financial market performance, partially offset by positive contributions from other services as follows:
- Management and subscription fees from investment funds increased by 31%, following the launch of several funds in 2025.
- Special commission income increased by 9%, representing income generated from Murabaha transactions.
- Special commission income decreased by 10%, representing income from Murabaha financing transactions.
- Advisory services income from investment banking services decreased by 25%, due to the impact of financial market performance on IPO mandates in 2025.
- Brokerage services commission decreased by 35%, mainly due to financial market performance affecting trading volumes.
- Investments at fair value through profit or loss decreased by 210%. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is |
Net income decreased by 76%, from SAR 21.18 million in 2024 to SAR 5.09 million in 2025. This decline is mainly attributed to the 18% decrease in revenues.
Net operating income also decreased by 59%, from SAR 28.50 million in December 2024 to SAR 11.73 million in December 2025, as a result of the 18% decrease in revenues. |
| 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) | N/A |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified to conform with the presentation for the current year |
| Additional Information | - |
Year-on-Year Performance Drivers
Sales declined 18.05% YoY from 89.48 million to 73.33 million SAR, primarily due to unrealized investment losses, poor financial market performance impacting brokerage services (-35%) and advisory services (-25%), partially offset by increased management fees from new fund launches (+31%). Net profit dropped 75.97% from 21.18 million to 5.09 million SAR, driven by the significant revenue decline and reduced operational efficiency as operating profit fell 58.86%.
Quarter-on-Quarter Performance Drivers
Revenue declined 18.05% from 89.48 million to 73.33 million SAR, primarily due to unrealized investment losses and poor financial market performance impacting multiple service lines. Brokerage commissions fell 35% and advisory services dropped 25% due to reduced trading volumes and fewer IPO mandates. Net profit plummeted 75.97% from 21.18 million to 5.09 million SAR, mainly driven by the revenue decline and a 210% decrease in fair value investments.
Other Items
The external auditor issued an unmodified opinion with no additional comments, disclaimers, or adverse remarks noted. Total shareholders equity increased 2.21% to SAR 284,577 thousand. Earnings per share declined from 0.83 to 0.2 SAR. Certain comparative figures were reclassified to conform with current year presentation.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=93570&anCat=1&cs=9602&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.