Aljazira Takaful Taawuni Co. announces its Interim Financial Results for the period ending on 2025-06-30 ( Six Months ) | premargin

Aljazira Takaful Taawuni Co. announces its Interim Financial Results for the period ending on 2025-06-30 ( Six Months )

TadawulAugust 4, 2025View on exchange

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Insurance Revenues	87,138	82,274	5.911	83,758	4.035
Result of Insurance Services	9,723	-91,764	-	31,607	-69.237
Net Profit (Loss) of The Insurance Results	5,355	10,684	-49.878	16,537	-67.618
Net Profit (Loss) of The Investment Results	53,991	26,046	107.29	10,996	391.005
Net Insurance Financing Expenses	-46,445	-19,732	135.379	-3,742	1,141.181
Net Profit (Loss), After Zakat, Attributable To Shareholders	4,080	11,091	-63.213	16,112	-74.677
Total Comprehensive Income	4,080	11,091	-63.213	18,621	-78.089
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Insurance Revenues	170,896	174,239	-1.918
Result of Insurance Services	41,330	-74,152	-
Net Profit (Loss) of The Insurance Results	21,892	26,357	-16.94
Net Profit (Loss) of The Investment Results	64,967	132,499	-50.967
Net Insurance Financing Expenses	-50,168	-117,595	-57.338
Net Profit (Loss), After Zakat, Attributable To Shareholders	20,193	23,871	-15.407
Total Comprehensive Income	22,702	23,871	-4.897
Total Shareholders Equity (after Deducting Minority Equity)	978,578	964,147	1.496
Profit (Loss) per Share	0.31	0.36
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 revenues for the current quarter amounted to SAR 87,138 thousand, compared to SAR 82,274 thousand during the similar quarter of the previous year, reflecting an increase of 5.91%. This increase is primarily due to the growth in business.
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 profit after zakat and income tax attributable to shareholders for the current quarter amounted to SAR 4,080 thousand, compared to SAR 11,091 thousand during the similar quarter of the previous year, representing a decrease of 63.21%. This decrease is primarily due to: • A decrease in the total insurance service result, which reached SAR 5,355 thousand, compared to SAR 10,684 thousand during the similar quarter of the previous year, reflecting a decrease of 49.88%.
The reason of the increase (decrease) in the revenues during the current quarter compared to the previous quarter is	The insurance revenue for the current quarter amounted to SAR 87,138 thousand, compared to SAR 83,758 thousand during the previous quarter, representing an increase of 4.04%. This increase is primarily due to the business performance.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous quarter is	The net profit after zakat and income tax attributable to shareholders for the current quarter amounted to SAR 4,080 thousand, compared to SAR 16,112 thousand during the previous quarter, a decrease of 74.68%. The decrease is primarily due to: • A decrease in the total insurance service result, which reached SAR 5,355 thousand, compared to SAR 16,537 thousand during the previous quarter, a decrease of 67.62%.
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 SR 170,896 thousand, compared to SR 174,239 thousand during the similar period of the previous year, a decrease of 1.92%. This decrease is primarily due to an increase in the unearned premium reserve.
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 20,193 thousand, compared to SAR 23,871 thousand during the similar period of the previous year, representing a decrease of 15.41%. This decrease is primarily due to: • A decrease in the total insurance service result for the current period, which reached SAR 21,892 thousand, compared to SAR 26,357 thousand during the similar period of the previous year, reflecting a decrease of 16.94%.
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	• The total shareholders' equity (excluding minority interest) at the end of the current period amounted to SAR 978,336 thousand, compared to SAR 964,231 thousand for the same period of the previous year, representing an increase of 1.46%. • Earnings per share (EPS) for the current period stood at SAR 0.31 per share, compared to SAR 0.36 per share for the same period of the previous year. Earnings per share were calculated by dividing the net income attributable to shareholders after zakat and income tax, which amounted to SAR 20,193 thousand, by the weighted average number of outstanding ordinary shares of 66,000 thousand shares during the current period, compared to net income attributable to shareholders after zakat and income tax of SAR 23,871 thousand on 66,000 thousand shares in the same period of the previous year.