| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | Tas’heel reported a 23.2% increase in consumer finance revenues, reaching SAR 199.2 million compared to SAR 161.7 million in the same quarter last year. This performance was driven by the growth of the financing portfolio, which reached SAR 3 billion, up by 29%, reflecting strong demand across all financing products offered by the company. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Tas’heel’s net profit increased by 38.3% during the current quarter compared to the same quarter last year, supported by a 23.2% growth in revenues. This revenue growth positively impacted gross profit (net income from Shariah-compliant financing contracts), which rose by 23.7%. Notably, the growth in net profit outpaced that of gross profit, driven by improved operating expense efficiency and a decline in expected credit loss provisions percentage. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Tas’heel’s financing portfolio grew by 5.7% compared to the previous quarter, leading to a 3.5% increase in current quarter revenues versus the previous quarter. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Tas’heel’s net profit increased by 36.4% in the current quarter compared to the previous quarter, supported by a 3.5% growth in revenues. This revenue growth was reflected in gross profit (net income from Shariah-compliant financing contracts), which also rose by 3.4%. Notably, the growth rate of net profit outpaced that of gross profit, driven by improved operating expense efficiency and a decline in expected credit loss provisions percentage. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Tas’heel’s financing portfolio grew by 29% compared to the same period last year, leading to a 25.6% increase in revenues for the current period versus the same period of the previous year. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Tas’heel reported a 25.9% increase in net profit compared to the same period last year, supported by a 25.6% growth in revenues. This revenue growth positively impacted gross profit (net income from Shariah-compliant financing contracts), which rose by 26.4%. |
| 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) | None |
| Reclassification of Comparison Items | Some comparative figures have been reclassified to be consistent with the presentation of the current period. |
| Additional Information | - |