Ithmaar Holding reported a net profit attributable to shareholders of $1.20 million for the three-month period ended March 31, 2026, representing a 19.5% increase compared to the $1.01 million recorded in the first quarter of 2025.
Total income remained stable at $180.40 million versus $181.97 million YoY, as an 11.7% growth in income from financing contracts to $80.51 million was offset by a decline in investment income, which fell to $80.72 million from $95.80 million.
Financial results were impacted by a shift in impairment allowances to a $1.67 million net charge, compared to a $7.44 million reversal in the prior-year period, alongside a decrease in net profit attributable to quasi-equity holders to $88.04 million.
The group's balance sheet showed total assets of $7.42 billion as of March 31, 2026, a slight decrease from $7.58 billion at year-end 2025, while accumulated losses remain high at $826.44 million.
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