SHL Finance Co. announces its Annual Financial results for the Period Ending on 31-12-2024

Element List	Current Year	Previous Year	%Change
Total Income From Special Commission of Financing	359,473	305,503	17.66
Net Income From Special Commission of Financing	150,269	117,654	27.72
Net Income From Special Commission of Investment	-	-	-
Total Operations Profit (Loss)	150,269	117,654	27.72
Net Profit (Loss) before Zakat and Income Tax	33,899	2,890	1,072.97
Net profit (Loss)	26,528	2,326	1,040.5
Total Comprehensive Income	26,985	1,935	1,294.57
Assets	4,513,467	4,383,359	2.97
Investments	893	893	-
Loans And Advances Portfolio (Financing And Investment)	4,349,180	4,192,608	3.73
Clients' deposits	-	-	-
Total Shareholders Equity (after Deducting Minority Equity)	1,687,638	1,660,653	1.62
Total Operating Expenses Before Provisions for Credit and Other Losses	327,560	299,513	9.36
Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net	-5,385	-3,664	46.97
Profit (Loss) per Share	0.27	0.02
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 special commission income during the current year compared to the last year is	"The company achieved a total income from special financing commissions during the current year amounting to 359.5 million riyals, compared to 305.5 million riyals for the previous year, with an increase of 17.67%.

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 year compared to the last year is The company achieved net profit of SR 26.5 million during the current year compared to SR 2.3 million reported in the previous year, marking a 1040.5% 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 of expected credit losses and other losses (reversing entry) during the current year compared to the last year is "The company recognized an amount of (5,385) million riyals (reversal of entry) net provisions for expected credit losses during the current year, compared to (3,664) million riyals (reversal of entry) in the previous year.

The increase in the reversal of the total net provision for expected credit losses and other losses is due to the improved performance of the lending portfolio, in addition to the reduction in non-performing loans." 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) None Reclassification of Comparison Items No comparative figures have been reclassified to conform to the current period presentation. Additional Information "_The company did not receive any Deposit taking in this period and therefore it is not applicable.

_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"

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