Quara 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 |
|---|---|---|---|---|---|
| Sales/Revenue | 62,669.794 | 42,301.86 | 48.149 | 65,594.794 | -4.459 |
| Gross Profit (Loss) | 52,293.372 | 38,022.1 | 37.534 | 56,971.705 | -8.211 |
| Operational Profit (Loss) | 6,094.493 | 9,489.85 | -35.778 | 1,882.089 | 223.815 |
| Net profit (Loss) | 4,875.594 | 9,340.11 | -47.799 | 1,503.112 | 224.366 |
| Total Comprehensive Income | 4,875.594 | 9,340.11 | -47.799 | 1,503.112 | 224.366 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 191,948.583 | 134,024.77 | 43.218 |
| Gross Profit (Loss) | 165,790.14 | 123,898.64 | 33.811 |
| Operational Profit (Loss) | 18,366.17 | 38,573.432 | -52.386 |
| Net profit (Loss) | 14,939.988 | 34,587.487 | -56.805 |
| Total Comprehensive Income | 14,939.988 | 34,587.487 | -56.805 |
| Total Shareholders Equity (after Deducting Minority Equity) | 474,191.373 | 450,592.485 | 5.237 |
| Profit (Loss) per Share | 0.5 | 1.15 | |
| 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 quarter compared to the same quarter of the last year is | Net Revenue has increased by 48.2% to reach SAR 62.7 million compared to the corresponding quarter of previous year, primarily as a result of originating new Finance contracts which has resulted in to an increase in the Portfolio size and increase in Yield. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Decrease in profit is on account of increase in Expected Credit Loss provisions and increase in general and administration expenses. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Net Revenue has decreased by 4.5% to reach SAR 62.7 million compared to the previous quarter, primarily as a result of slight decrease in portfolio size. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Increase in profit as compared to previous quarter, majorly on account of decrease in Expected credit loss. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Net Revenue has increased by 43.2% to reach SAR 191.9 million compared to the corresponding period of previous year, primarily as a result of originating new Finance contracts which has resulted in to an increase in the Portfolio size and increase in Yield. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Decrease in profit is on account of increase in Expected Credit Loss provisions and increase in the general and administration expenses. |
| 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) | The Company’s condensed interim financial statements for the periods ended 30 September 2024 and 31 March 2025 were reviewed by another auditor, who expressed unmodified conclusions on 28 October 2024 and 27 April 2025, respectively. The annual financial statements for the year ended 31 December 2024 were also audited by another auditor, who expressed an unmodified opinion on 4 March 2025. |
| Reclassification of Comparison Items | During the period, the Company has made the following reclassifications:
1. Transaction costs related to Murabaha receivables were reclassified from Prepayments and other receivables to Murabaha receivables.
2. Costs of accepted loans and related commissions, previously included under General and administrative expenses, were reclassified to Murabaha income.
3. Management fees charged by banks for loan processing, previously included under Prepayments and other receivables, were reclassified to Loans from banks. |
| Additional Information | - |
| Attached Documents |  |
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