Morabaha Marina Financing Co. announces its Interim Financial results for the Period Ending on 2025-03-31 ( Three Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 52,802,315 | 44,798,028 | 17.867 | 55,517,528 | -4.89 |
| Gross Profit (Loss) | 40,220,093 | 32,924,066 | 22.16 | 40,285,247 | -0.161 |
| Operational Profit (Loss) | 3,297,501 | 6,315,228 | -47.784 | 12,301,745 | -73.194 |
| Net profit (Loss) | 2,678,304 | 3,802,337 | -29.561 | 8,083,198 | -66.865 |
| Total Comprehensive Income | 2,678,304 | 3,802,337 | -29.561 | 8,644,099 | -69.015 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 846,653,861 | 842,515,037 | 0.491 |
| Profit (Loss) per Share | 0.06 | 0.07 | |
| 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 increased by 17.87% to reach SR 52.80 million compared to the corresponding period of the previous year, primarily as result of originating new Finance contracts during 2024 and Quarter-1 2025. |
| 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 profit is attributed to an increase in special commission expenses, higher general expenses, an increase in impairment losses, and the losses of the subsidiary company (Loop). |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Revenue decreased by 4.89% to reach SR52.80 million compared to the previous quarter, primarily because of an increase in the revenue suspension of non-performing loans in Quarter 1. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The decrease in net profit is attributed to an 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 | N/A |
| Additional Information | N/A |
| Attached Documents |  |
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