Amlak 2024 earnings leap 46% to SAR 46.3M; Q4 at SAR 19.2M

20/02/2025 Argaam Exclusive

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Amlak International Finance Co. reported a net profit of SAR 46.3 million in 2024, a leap of 46% from SAR 31.8 million a year before.

Financials (M)

Item	2023	2024	Change‬
Net income from finance commissions	175.65	243.35	38.5 %
Net Income	31.81	46.31	45.6 %
Average Shares	101.93	101.93	-
Earnings Per Share before unusual items (Riyals)	0.31	0.45	45.6 %
EPS (Riyals)	0.31	0.45	45.6 %

The company attributed the annual profit growth to a 44.42% year-on-year (YoY) jump in gross special commission from financing to SAR 452.27 million by the end of 2024.

However, net provisions for expected credit losses and other losses increased, as loans and advances grew by 15.76% YoY in 2024.

The company also posted higher cost of finance and operating expenses for the same year.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2023	Q4 2024	Change‬
Net income from finance commissions	53.67	74.49	38.8 %
Net Income	8.88	19.15	115.6 %
Average Shares	101.93	101.93	-
Earnings Per Share before unusual items (Riyals)	0.09	0.19	115.6 %
EPS (Riyals)	0.09	0.19	115.6 %

Item	Q3 2024	Q4 2024	Change‬
Net income from finance commissions	61.77	74.49	20.6 %
Net Income	10.32	19.15	85.5 %
Average Shares	101.93	101.93	-
Earnings Per Share before unusual items (Riyals)	0.10	0.19	85.5 %
EPS (Riyals)	0.10	0.19	85.5 %

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