Morabaha Marina Financing 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
Sales/Revenue	48,298,205	42,035,469	14.898	44,242,137	9.167
Gross Profit (Loss)	32,136,874	29,084,748	10.493	30,385,618	5.763
Operational Profit (Loss)	6,616,273	8,620,151	-23.246	5,201,020	27.211
Net profit (Loss)	6,103,382	7,944,505	-23.174	4,751,505	28.451
Total Comprehensive Income	6,103,382	7,944,505	-23.174	4,751,505	28.451
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	137,338,369	125,572,884	9.369
Gross Profit (Loss)	95,446,559	91,681,730	4.106
Operational Profit (Loss)	18,132,320	46,566,839	-61.061
Net profit (Loss)	14,657,023	36,445,361	-59.783
Total Comprehensive Income	14,657,023	36,445,361	-59.783
Total Shareholders Equity (after Deducting Minority Equity)	832,647,343	837,216,709	-0.545
Profit (Loss) per Share	0.29	0.63
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
Accumulated Losses	-	-
All figures are in (Actual) 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	Revenue was increased by 15% to reach SR 48,2 million compared to the corresponding period of previous year, primarily as a result of originating new Finance contracts.
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 decrease in net income was due to the increase in special commission expense and Increase in Impairment losses.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The Increase in the Sales/Revenues during the current quarter compared to the previous one is due to the originating new Finance Contracts.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The Reason for Increase in the net profit is due to the Increase in other income, increase in investment income also decrease in general and administrative expenses.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is	The reason of the increase in the sales/Revenues during the current period compared to the same period of the last year is due to the increase in the new finance originations and Efficient Marketing and Sales.
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 reason of the decrease in the net profit during the current period compared to the same period of the last year is due to the increase in special commission expense and Increase in Impairment losses.
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)	N/A
Reclassification of Comparison Items	The reclassification of impairment loses on Islamic financing receivable

Impairment: Previously our Income from written off case was shown in Income statement under other income net, while the current classification is to net it off with Impairment losses in income statement.Additional Information N/AAttached Documents

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