Quara Finance delivers 102% surge in 9M-26 net profit

QUARA
9596 2.44% 15.98 0.38

Riyadh — Mubasher: Quara Finance Company reported a significant increase in its financial performance for the nine-month (9M) period that ended on 30 September 2026, with net profit reaching SAR 30.15 million.

The net income represents a growth of 101.83% compared to SAR 14.94 million recorded in 9M-25, according to the income statements.

The company’s total revenue rose to SAR 208.44 million in 9M-26 from SAR 198.29 million in the prior-year period.

Quara Finance attributed the annual revenue growth to the signing of new financing contracts which expanded the total portfolio size.

Operating profit for the period also saw a substantial rise, reaching SAR 37.09 million compared to SAR 18.37 million in 9M-25.

Earnings per share (EPS) for the nine-month period improved to SAR 1.01 from SAR 0.50 in 9M-25.

Total shareholders' equity stood at SAR 497.40 million as of 30 September 2026.

For the third quarter (Q3) of 2026, Quara Finance achieved a net profit of SAR 10.35 million, a 112.27% leap over the SAR 4.88 million reported in Q3-25.

The profit surge was supported by higher Murabaha income and a decrease in expected credit losses due to enhanced portfolio quality. Meanwhile, quarterly revenue reached SAR 71.20 million.

In the first half (H1) of 2026, Quara Finance achieved a net profit worth SAR 19.80 million, while its revenue reached SAR 137.24 million.

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