Riyadh — Mubasher: Amlak International Finance Company reported a net profit of SAR 56.88 million for the nine-month period ended on 30 September 2026, reflecting a 14.75% increase from SAR 49.57 million in 9M-26.
In a bourse disclosure, the company attributed the year-to-date growth to higher special commission income from financing and lower funding costs, supported by a 9.55% expansion in its loan and advances portfolio to SAR 4.65 billion.
Earnings per share (EPS) for the nine-month period improved to SAR 0.56 from SAR 0.49 in 9M-25.
Total shareholders' equity, excluding non-controlling interests, stood at SAR 1.30 billion as of 30 September 2026.
Furthermore, total assets reached SAR 4.84 billion by the end of the period, marking an increase of 8.69% compared to the prior year.
The company noted that the increase in credit loss provisions reflects updated model estimates considering ongoing geopolitical uncertainties and the growth of the financing portfolio.
For the third quarter (Q3) of 2026, Amlak International posted a 9.97% lower net profit to SAR 15.54 million from SAR 17.27 million in Q3-25.
The quarterly profit decline was driven by higher operating expenses and an increase in expected credit loss provisions, which rose by 12.93% to SAR 26.46 million.
