• The Brokerage segment recorded an 11.8% YoY revenue increase, reaching SAR 138.3 million, up from SAR 123.7 million in 3Q FY24. Non-margin traded values executed during the quarter through our platform exceeded SAR 107 billion, a 24% YoY increase, reflecting the strength of Derayah’s diversified brokerage platform, which continues to perform across varying market conditions.

• Asset management revenue declined marginally by 1.1% to SAR 34.9 million, compared to SAR 35.3 million in the same quarter of last year. Higher management fees, supported by a 9.7% year-on-year increase in assets under management (AUM) to SAR 18.4 billion, helped offset the absence of performance fees during a softer market environment.

• Special commission income increased by 26.7% to SAR 59.2 million supported by a continued growth in assets under custody (AUC) which increased 28.8% YoY exceeding SAR 37 billion. During the quarter we also saw the early contribution from the newly launched Share Yield Enhancement Program (SYEP) in the local market.

• Revenue: Increased by 13.3% year-on-year (YoY) to SAR 237.7 million in 3Q FY25, driven by strong performance in both brokerage and special commission income.

• Operating expenses: Increased by 26.2% YoY to SAR 100.6 million, predominantly on higher employee expenses, relating to the Company’s ESOP program launched in 2025, as well as higher marketing expenses, reflecting ongoing investment in client acquisition and growth initiatives.

• Operating Profit: Reached SAR 137.2 million, an increase of 5.4% YoY, on higher revenues despite an uptick in operating expenses. Operating profitability remained strong, with an operating profit margin of 57.7%.

• Net profit, excluding losses from associates, stood at SAR 135.8 million in 3Q FY25, reflecting a 6.1% YoY increase from the SAR 133.7 reported in 3Q FY24.

• Share in losses in an associate: The Company recorded a loss of SAR 36.1 million from its investment in the digital bank D360, compared to SAR 19.6 million same quarter last year. While the financial loss remains within expectations, D360 Bank continues to deliver strong operational progress, surpassing 2 million clients as of October 2025 and launching more than seven products across savings, lending, and transfers segments.

• Revenue from the Brokerage segment sustained its growth trajectory increasing by 2.4% QoQ to SAR 138.3 million for the quarter. While non-margin traded value on our platform decreased by 11% to SAR 107 billion, favorable traded securities mix helped boost blended net commissions.

• Asset management revenue increased by 16.9% QoQ to SAR 34.9 million, driven by higher subscription fees from the launch of multiple new funds in line with our strategy, as well as sustained management fees supported by increased AUMs on the back of net new fund inflows and favorable market valuations.

• Special commission income reported a solid increase of 60.5% QoQ on continued growth in AUCs, renewed revenue momentum from the Share Yield Enhancement Program (SYEP) in international markets, and early contributions from the newly launched Share Yield Enhancement Program (SYEP) in the local market.

• Investment gains totaled SAR 1.8 million in 3Q FY25, compared to a gain of SAR 30.0 million in 2Q FY25, in line with the semiannual revaluation policy of our investments, under which gains (or losses) are primarily recognized in the second and fourth quarters.

• Revenue: Increased by 1.2% QoQ to SAR 237.7 million in 3Q FY25, driven by sequential growth across all business segments. This was partially offset by the absence of investment gains compared to 2Q, consistent with the semiannual revaluation policy of our investments.

• Operating expenses: Increased by 7.5% to SAR 100.6 million, predominantly on higher employee expenses as well as higher marketing expenses, reflecting ongoing investment in client acquisition and growth initiatives.

• Operating Profit: Declined 3.0% QoQ to SAR 137.1 million, maintaining a strong operating margin of c.58%.

• Net profit, excluding losses from associates, stood at SAR 135.8 million in 3Q FY25, down 6.6% QoQ from SAR 145.4 million in 2Q FY25. The decline was primarily due to lower operating profit which was negatively impacted by the absence of investment gains compared to 2Q.

• Share in loss in associate: The Company recorded a loss of SAR 36.2 million from its investment in the digital bank D360, down from SAR 38.4 million in 2Q FY25, as the bank continues scaling up operations.

Net profit excluding losses from associates, which reflects Derayah’s core operations, reached SAR 411.5 million for 9M FY25, up 7.7% year-on-year from SAR 382.2 million in the same period last year. This strong core performance was supported by a 6.6% increase in operating profit, reaching SAR 410.4 million for 9M FY25, equivalent to an operating margin of 60.2%, and driven by sustained revenue growth (+5.9% YoY) despite softer local market conditions. While operating expenses remained well-managed, even with the launch of the 2025 ESOP, resulting in a stable cost-to-income ratio of c.40%, in line with guidance.