Amlak International Finance Co. announces its Interim Financial Results for the Period Ending on 2025-09-30 ( Nine Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Total Income From Special Commission of Financing | 146,005 | 115,498 | 26.413 | 139,323 | 4.796 |
| Net Income From Special Commission of Financing | 90,135 | 61,765 | 45.932 | 82,822 | 8.829 |
| Net Income From Special Commission of Investment | - | - | - | - | - |
| Total Operations Profit (Loss) | 90,402 | 62,057 | 45.675 | 83,072 | 8.823 |
| Net Profit (Loss) before Zakat and Income Tax | 21,752 | 13,008 | 67.22 | 25,689 | -15.325 |
| Net Profit/(Loss) | 17,265 | 10,324 | 67.231 | 20,390 | -15.326 |
| Total Comprehensive Income | 16,840 | -5,129 | - | 19,642 | -14.265 |
| Total Operating Expenses Before Provisions for Credit and Other Losses | 45,223 | 41,080 | 10.085 | 45,775 | -1.205 |
| Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net | 23,427 | 7,969 | 193.976 | 11,608 | 101.817 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Income From Special Commission of Financing | 423,517 | 319,653 | 32.492 |
| Net Income From Special Commission of Financing | 254,373 | 168,862 | 50.639 |
| Net Income From Special Commission of Investment | - | - | - |
| Total Operations Profit (Loss) | 255,140 | 169,695 | 50.352 |
| Net Profit (Loss) before Zakat and Income Tax | 62,453 | 34,505 | 80.996 |
| Net profit (Loss) | 49,570 | 27,163 | 82.49 |
| Total Comprehensive Income | 43,628 | 14,318 | 204.707 |
| Assets | 4,454,233 | 4,349,218 | 2.414 |
| Investments | 893 | 893 | - |
| Loans And Advances Portfolio (Financing And Investment) | 4,242,748 | 4,177,597 | 1.559 |
| Clients' deposits | - | - | - |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,268,347 | 1,199,940 | 5.7 |
| Total Operating Expenses Before Provisions for Credit and Other Losses | 136,963 | 114,833 | 19.271 |
| Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net | 55,724 | 20,357 | 173.733 |
| Profit (Loss) per Share | 0.49 | 0.27 | |
| 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 special commission income during the current quarter compared to the same quarter of the last year is | The company achieved Total Income From Special Commission of Financing of SR 146.01 million during current quarter, compared to SR 115.50 million for the same quarter during last year, representing an increase of 26.41%.
The increase is mainly attributable to Increase in Loans and Advances Portfolio of Company during the quarter by 1.56% as well as enhancement of yield on such portfolio during the quarter. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The company achieved a net profit of SR 17.27 million during current quarter, compared to SR 10.32 million for the same quarter during last year, representing an increase of 67.23%.
The increase in net profit is mainly attributable to:
- Increase in Income From Special Commission of Financing, partially offset by - Increase in Finance cost, and - Increase in Operating Expenses including net provision of expected credit losses |
| The reason of the increase (decrease) in the total net provision (reversing entry) of expected credit losses and other losses during the current quarter compared to the same quarter of the last year is | The company recognized SR 23.43 million in net provision of expected credit losses during current quarter, compared to SR 7.97 million during same quarter of last year, representing an increase of 194%.
The increase in total net provision of expected credit losses and other losses is attributable to:
- Higher credit overlays and specific provisions recognized during the quarter, reflecting the credit profile of the customers as at the end of the quarter; and - Growth in Loans and Advances Portfolio of the Company compared to same quarter of last year. |
| The reason of the increase (decrease) in special commission income during the current quarter compared to the previous quarter is | The company achieved Total Income From Special Commission of Financing of SR 146.01 million during current quarter, compared to SR 139.32 million for the previous quarter, representing an increase of 4.80%.
The increase is mainly attributable to enhancement of yield on financing portfolio during the quarter. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter is | The company achieved a net profit of SR 17.27 million during current quarter, compared to SR 20.39 million for the previous quarter, representing a decrease of 15.33%.
The decrease in net profit is mainly attributable to:
- Increases in Total Provision of Expected Credit Losses And Other Losses, partially offset by - Increase in Income From Special Commission of Financing |
| The reason of the increase (decrease) in the total net provision (reversing entry) of expected credit losses and other losses during the current quarter compared to the previous quarter is | The company recognized SR 23.43 million in net provision of expected credit losses during current quarter, compared to SR 11.61 million during previous quarter, representing an increase of 101.82%.
The increase in net provision charge of expected credit losses and other losses during current quarter is mainly attributable to higher credit overlays and specific provisions recognized during the quarter, reflecting the credit profile of customers as at the end of the quarter. |
| The reason of the increase (decrease) in special commission income during the current period compared to the same period of the last year is | The company achieved Total Income From Special Commission of FInancing of SR 423.52 million during current period, compared to SR 319.65 million for the previous period, representing an increase of 32.49%.
The increase is mainly attributable to Increase in Loans and Advances Portfolio of Company as well as enhancement of yield on such portfolio during the period. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The company achieved a net profit of SR 49.57 million during current period, compared to SR 27.16 million for the previous period, representing an increase of 82.49%.
The increase in net profit is mainly attributable to:
- Increase in Income From Special Commission of Financing, partially offset by - Increase in Finance cost and - Increase in Operating Expenses including net provision of expected credit losses |
| The reason of the increase (decrease) in the total net provision (reversing entry) of expected credit losses and other losses during the current period compared to the same period of the last year is | The company recognized SR 55.72 million in net provision charge of expected credit losses during current period, compared to SR 20.36 million during same period of last year, representing an increase of 173.73%.
The increase in total net provision of expected credit losses and other losses is attributable to:
- Higher credit overlays and specific provisions recognized during the period, reflecting the credit profile of customers as at the end of the period; and - Growth in Loans and Advances Portfolio of the Company compared to same period of last year. |
| Statement of the type of external auditor's report | Unmodified Conclusion |
| 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) | None. |
| Reclassification of Comparison Items | No comparative figures have been reclassified to be consistent with the presentation of the current period. |
| Additional Information | Following notes are relevant to this submission:
1. The company is currently not engaged in any deposit taking activity, therefore customer deposits are not applicable. 2. The company is currently not engaged in any activity for special commission income from investment, therefore special commission income from investment is not applicable |
| Attached Documents |  |
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