Quara Finance Co. announces its Interim Financial results for the Period Ending on 2026-03-31 ( Three Months )

28 April 2026 04:34 PM

QUARA 9596 0.00% 16.80 0.00

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	66,673.946	64,993.63	2.585	59,858	11.386
Gross Profit (Loss)	56,989.058	57,834.698	-1.462	50,529.07	12.784
Operational Profit (Loss)	11,683.182	10,383.811	12.513	-8,219.781	-
Net Profit (Loss) Attributable to Shareholders of the Issuer	9,635.546	8,555.505	12.623	-6,822.878	-
Total Comprehensive Income Attributable to Shareholders of the Issuer	9,635.546	8,555.505	12.623	-6,941.687	-
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Shareholders Equity (after Deducting Minority Equity)	476,885.24	467,806.89	1.94
Profit (Loss) per Share	0.32	0.29
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 sales/ revenues during the current quarter compared to the same quarter of the last year is	Net Revenue has increased by 2.6% to reach SAR 66.7 million compared to the corresponding quarter of previous year, primarily as a result of originating new Finance contracts which has resulted in to an increase in the Portfolio size and increase in Yield.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	Increase in profit is mainly on account of increase in Murabaha income.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	Net Revenue has increased by 11.4% to reach SAR 66.7 million compared to the previous quarter, primarily as a result of originating new Finance contracts which has resulted in to an increase in the Portfolio size and increase in Yield.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The increase in net profit during the current quarter compared to the previous quarter is mainly attributable to higher Murabaha income and a reduction in expected credit losses, driven by the improvement in portfolio quality.
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)	The condensed interim financial statements of the Company for the three-month period ended 31 March 2025 were reviewed by another auditor who expressed an unmodified conclusion on those condensed interim financial statements on 27 April 2025.
Reclassification of Comparison Items	Enquiry and subscription expense and Marketing expense: The cost of accepted loans and commission on loans which was previously included in other general and administrative expenses have been reclassified to Murabaha income. Discount on settlement: The discount on settlement, previously netted off against Murabaha income has been reclassified to Provision for expected credit losses.
Additional Information	-
Attached Documents

QUARA Annual Financials Report 2026

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