Aljazira Takaful Taawuni Co. announces its Interim Financial Results for the period ending on 2026-06-30 ( Six Months )

Aljazira Takaful reported a 99.5% collapse in net profit after Zakat to SAR 100 thousand for the six-month period ending June 30, 2026, weighed down by a net loss of SAR 7.36 million in the second quarter.
Insurance revenues grew 18.78% year-on-year to SAR 202.99 million for the half-year period, a growth trend the company attributed to expanded business operations despite the decline in profitability.
The earnings downturn was primarily driven by the net insurance service result shifting to a loss of SAR 1.12 million for the period, compared to a profit of SAR 21.89 million a year earlier, due to unfavorable variations in business performance.
Significant growth in net investment results, which rose 121.9% to SAR 144.15 million for the half-year, served to partially offset the operational insurance losses and net insurance financing expenses of SAR 126.15 million.

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Insurance Revenues	104,590	87,138	20.028	98,406	6.284
Result of Insurance Services	9,190	9,723	-5.481	16,410	-43.997
Net Profit (Loss) of The Insurance Results	-9,945	5,355	-	8,825	-
Net Profit (Loss) of The Investment Results	149,129	53,991	176.21	-4,981	-
Net Insurance Financing Expenses	-137,208	-46,445	195.42	11,061	-
Net Profit (Loss), After Zakat, Attributable To Shareholders	-7,361	4,080	-	7,461	-
Total Comprehensive Income Attributable to Shareholders of the Issuer	-7,361	4,080	-	7,461	-
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Insurance Revenues	202,996	170,896	18.783
Result of Insurance Services	25,600	41,330	-38.059
Net Profit (Loss) of The Insurance Results	-1,120	21,892	-
Net Profit (Loss) of The Investment Results	144,148	64,967	121.878
Net Insurance Financing Expenses	-126,147	-50,168	151.449
Net Profit (Loss), After Zakat, Attributable To Shareholders	100	20,193	-99.504
Total Comprehensive Income Attributable to Shareholders of the Issuer	100	22,702	-99.559
Total Shareholders Equity (after Deducting Minority Equity)	980,672	978,578	0.213
Profit (Loss) per Share	0.002	0.31
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
Accumulated Losses	-	-
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the revenues during the current quarter compared to the same quarter of last year is	The insurance revenue for the current quarter amounted to SAR 104,590 thousand, compared to SAR 87,138 thousand for the corresponding quarter of the previous year, representing an increase of 20.03%, mainly due to business growth.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	The net loss after Zakat and income tax attributable to shareholders for the current quarter amounted to SAR 7,361 thousand, compared to a net profit of SAR 4,080 thousand for the corresponding quarter of the previous year, representing a decrease of 280.42%. This decrease was mainly attributable to the following: • The net insurance result decreased to a loss of SAR 9,945 thousand for the current quarter, compared to a net profit of SAR 5,355 thousand for the corresponding quarter of the previous year, representing a decrease of 285.71%. This was mainly due to variations in business performance. • This decrease was offset by an increase in net investment results (excluding changes in the fair value of unit-linked investments attributable to unitholders) to SAR 12,405 thousand for the current quarter, compared to SAR 8,168 thousand for the corresponding quarter of the previous year, representing an increase of 51.87%.
The reason of the increase (decrease) in the revenues during the current quarter compared to the previous quarter is	Insurance revenue for the current quarter amounted to SAR 104,590 thousand, compared to SAR 98,406 thousand in the previous quarter, representing an increase of 6.28%. This increase was mainly attributable to business growth.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous quarter is	The net loss after Zakat and income tax attributable to shareholders for the current quarter amounted to SAR 7,361 thousand, compared to a net profit of SAR 7,461 thousand in the previous quarter, representing a decrease of 198.66%. This decrease was mainly attributable to the following: • The net insurance result decreased to a loss of SAR 9,945 thousand for the current quarter, compared to a net profit of SAR 8,825 thousand in the previous quarter, representing a decrease of 212.69%, This was mainly due to variations in business performance. • This decrease was offset by an increase in net investment income (excluding changes in the fair value of unit-linked investments attributable to unitholders) to SAR 12,405 thousand for the current quarter, compared to SAR 7,322 thousand in the previous quarter, representing an increase of 69.42%.
The reason of the increase (decrease) in the revenues during the current period compared to the same period of the last year is	Insurance revenue for the current period amounted to SAR 202,996 thousand, compared to SAR 170,896 thousand for the corresponding period of the previous year, representing an increase of 18.78%, mainly due to business growth.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The net profit after Zakat and income tax attributable to shareholders for the current period amounted to SAR 100 thousand, compared to SAR 20,193 thousand for the corresponding period of the previous year, representing a decrease of 99.50%. This decrease was mainly attributable to the following: • The net insurance result decreased to a loss of SAR 1,120 thousand, compared to a net profit of SAR 21,892 thousand for the corresponding period of the previous year, representing a decrease of 105.12%, This was mainly due to variations in business performance. • This decrease was offset by an increase in net investment income (excluding changes in the fair value of unit-linked investments attributable to unitholders) to SAR 19,727 thousand for the current period, compared to SAR 16,220 thousand for the corresponding period of the previous year, representing an increase of 21.62%.
Statement of the type of external auditor's report	Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)	None.
Reclassification of Comparison Items	No reclassification.
Additional Information	• Total shareholders’ equity (excluding minority interest) at the end of the current period amounted to SAR 980,778 thousand, compared to SAR 978,336 thousand at the end of the corresponding period of the previous year, representing an increase of 0.25%. • Earnings per share (EPS) for the current period amounted to SAR 0.002 per share, compared to SAR 0.31 per share for the corresponding period of the previous year. EPS was calculated by dividing the net profit after Zakat and income tax attributable to shareholders of SAR 100 thousand by the weighted average number of ordinary shares outstanding of 66,000 thousand shares, compared to a net profit of SAR 20,193 thousand divided by 66,000 thousand shares for the corresponding period of the previous year.