Walaa Cooperative turns profitable in Q1-26; accumulated losses shrink

WALAA
8060 2.92% 10.57 0.30

Riyadh – Mubasher: Walaa Cooperative Insurance Company shifted to net profits worth SAR 16.18 million in the first quarter (Q1) of 2026, against net losses of SAR 67.95 million in Q1-25.

The earnings per share (EPS) stood at SAR 0.13 in Q1-26, versus a loss per share of SAR 0.53 in Q1-25, according to a bourse filing.

Insurance revenue decreased by 19.66% to SAR 633.17 million in January-March 2026 from SAR 788.21 million in the same three-month period a year earlier.

Quarter-on-quarter (QoQ), the company swung to net profits in Q1-26 against net losses of SAR 48.79 million in Q4-25, while the insurance revenue decreased by 16.14% from SAR 755.06 million.

Accumulated Losses

As of 31 March 2026, the accumulated losses of Walaa Cooperative stood at SAR 41.84 million.

The amount registered at the end of Q1-26 accounted for 3.28% of the SAR 1.27 billion capital, in addition to marking a decrease from SAR 58.02 million as of 31 December 2025.

In 2025, Walaa Cooperative incurred net losses worth SAR 175.81 million while the revenues totaled SAR 3.10 billion.

Source: Mubasher Source: {{details.article.source}}