SHL Finance Co. announces its Interim Financial Results for the Period Ending on 2024-09-30 ( Nine Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Total Income From Special Commission of Financing	89,270	83,141	7.371	90,372	-1.219
Net Income From Special Commission of Financing	36,689	37,809	-2.962	37,805	-2.951
Net Income From Special Commission of Investment	-	-	-	-	-
Total Operations Profit (Loss)	36,689	37,809	-2.962	37,805	-2.951
Net Profit (Loss) before Zakat and Income Tax	6,411	5,607	14.339	7,438	-13.807
Net Profit/(Loss)	5,112	4,769	7.192	6,040	-15.364
Total Comprehensive Income	5,432	5,229	3.882	6,354	-14.51
Total Operating Expenses Before Provisions for Credit and Other Losses	83,922	79,154	6.023	82,734	1.435
Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net	236	-782	-	1,598	-85.231
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	265,599	232,899	14.04
Net Income From Special Commission of Financing	107,919	95,364	13.165
Net Income From Special Commission of Investment	-	-	-
Total Operations Profit (Loss)	107,919	95,364	13.165
Net Profit (Loss) before Zakat and Income Tax	19,732	9,910	99.112
Net profit (Loss)	15,767	9,810	60.723
Total Comprehensive Income	16,398	9,532	72.031
Assets	4,523,803	4,361,117	3.73
Investments	893	893	-
Loans And Advances Portfolio (Financing And Investment)	4,289,320	4,117,629	4.169
Clients' deposits	-	-	-
Total Shareholders Equity (after Deducting Minority Equity)	1,677,051	1,668,250	0.527
Total Operating Expenses Before Provisions for Credit and Other Losses	250,594	227,656	10.075
Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net	-762	-4,567	-83.315
Profit (Loss) per Share	0.16	0.1
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 a total income from special financing commissions during the current quarter amounting to 89.27 million riyals, compared to 83.14 million riyals for the same quarter of the previous year, with an increase of 7.4%.

This improvement is due to the increase in profit rates on new loans as well as the growth in the size of the financing portfolio.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 net profit of SR 5.11 million during the current quarter compared to SR 4.77 million reported in the same quarter of the previous year, marking a 7.2% increase. This improvement is due to an increase in the profit rates on new loans as well as higher income from special commissions, resulting in the overall increase in net profit.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 an amount of 0.236 million riyals net provisions for expected credit losses during the current quarter, compared to (0.782) million riyals (reversal of entry) during the same quarter of the previous year.

The increase in the expected credit losses and other losses is due to the growth in the size of the financing portfolio.The reason of the increase (decrease) in special commission income during the current quarter compared to the previous quarter is The company achieved a total income from special financing commissions during the current quarter amounting to 89.27 million riyals, compared to 90.37 million riyals for the previous quarter, with a decrease of 1.2%.

This decrease is due to the slight reduction in service fees income.The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter is The company achieved net profit of SR 5.11 million during the current quarter compared to SR 6.04 million reported in the previous quarter, marking a 15% decrease. The decrease due to increase in the general and admin expenses during current the quarter.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 an amount of 0.236 million riyals net provisions for expected credit losses during the current quarter, compared to 1.598 million riyals during the previous quarter.

The reduction in the expected credit losses and other losses is due to the improvement in the performance of the financing portfolio compared to previous 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 a total income from special financing commissions during the current period amounting to 265.59 million riyals, compared to 232.89 million riyals for the same period of the previous year, an increase of 14.04%.

This improvement is due to the increase in profit rates on new loans as well as the growth in the size of the financing portfolioThe 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 net profit of SR 15.77 million during the current period compared to SR 9.81 million reported in the same period of the previous year, marking a 60.72% increase. This improvement is due to an increase in the profit rates on new loans as well as higher income from special commissions, resulting in the overall increase in net profit.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 an amount of (0.762) million riyals (reversal of entry) net provisions for expected credit losses during the current period, compared to (4.56) million riyals (reversal of entry) during the same period last year.

The increase in the for expected credit losses and other losses is due to the growth in the size of the financing portfolio compared to the same period last yearStatement of the type of external auditor's report Unmodified ConclusionComment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) NoneReclassification of Comparison Items No comparative figures have been reclassified to conform to the current period presentation.Additional Information The company is not engaged in any Deposit taking activities, therefore it is not applicable.

The company is not engaged in investment activities that produces special commission income from investments

Net income from special commission amount represents the difference between total income from special commission (Total operating income) and the finance charge amount and the direct cost in the income statement.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.