Mutakamela Insurance Co. announces its Interim Financial Results for the period ending on 2025-09-30 ( Nine Months ) | premargin

Mutakamela Insurance Co. announces its Interim Financial Results for the period ending on 2025-09-30 ( Nine Months )

TadawulNovember 3, 2025View on exchange

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Insurance Revenues	221,628.997	205,158.252	8.028	220,587.37	0.472
Result of Insurance Services	96,998.111	37,594.025	158.014	85,837.363	13.002
Net Profit (Loss) of The Insurance Results	7,592.51	6,428.067	18.114	8,005.687	-5.161
Net Profit (Loss) of The Investment Results	15,835.911	29,314.868	-45.979	8,986.431	76.22
Net Insurance Financing Expenses	-5,125.33	-15,402.182	-66.723	741.289	-
Net Profit (Loss), After Zakat, Attributable To Shareholders	548.889	4,520.614	-87.858	8,719.888	-93.705
Total Comprehensive Income	2,347.151	9,053.076	-74.073	8,333.317	-71.834
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Insurance Revenues	648,575.61	675,466.282	-3.981
Result of Insurance Services	294,351.271	83,875.258	250.939
Net Profit (Loss) of The Insurance Results	21,988.113	11,914.808	84.544
Net Profit (Loss) of The Investment Results	42,748.911	72,422.218	-40.972
Net Insurance Financing Expenses	-14,788.889	-31,930.672	-53.684
Net Profit (Loss), After Zakat, Attributable To Shareholders	15,073.122	15,109.439	-0.24
Total Comprehensive Income	16,623.326	12,782.148	30.051
Total Shareholders Equity (after Deducting Minority Equity)	719,463.928	697,247.894	3.186
Profit (Loss) per Share	0.252	0.254
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 reason behind the increase in insurance revenue during current quarter comparing to same quarter of the previous year is the increase in business mainly from motor and property and casualty.
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 reason behind the decrease in net profit after zakat and income tax for the current quarter comparing to the same quarter of previous years is the decrease in Insurance service result from Company`s directly written business due to decrease in net expenses from reinsurance contracts by 195.3% and decrease in net investment and other income by 46%.
The reason of the increase (decrease) in the revenues during the current quarter compared to the previous quarter is	The reason behind the increase in insurance revenue during current quarter comparing to previous quarter is the increase in business mainly from motor.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous quarter is	The reason behind the decrease in net profit after zakat and income tax for the current quarter comparing to the previous quarter is the decrease in Insurance service result from Company's directly written business by 29.6% and increased in other operating expenses by 141.2%
The reason of the increase (decrease) in the revenues during the current period compared to the same period of the last year is	The reason behind the decrease in insurance revenue during the current period comparing to the same period of previous year is the decrease in business mainly from medical & group life.
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 reason behind the decrease in net profit after zakat and income tax during the current period comparing to the same period of previous year is the decrease in net investment and other income by 41% comparing to the same period of previous year.
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)	-
Reclassification of Comparison Items	The company has restated the financial statements for the comparative figures for the year 2023 and 2024 (note 20 in the interim condensed financial information)
Additional Information	For the period ended 30 September 2025 earnings per share has been calculated based on net profit after Zakat and income Tax for the period divided by weighted average number of shares 59,843,060 . For the period ended 30 September 2024 earnings per share has been calculated based on net profit after Zakat and income Tax for the period divided by total number of shares outstanding of 59,433,859 shares. The total equity for the period ended 30 September 2025 reach SR 719.5 million comparing to SR 697.2 million for the period ended 30 September 2024, a decrease of 3%. The total comprehensive income for the current quarter amounted to SAR 2.3Mn compared to comprehensive income amounted to SAR 9.1Mn for the same quarter of previous year, a decrease of 74.1% and compared to SAR 8.3Mn in the previous quarter, a decrease of 72%. The total comprehensive income for the current period amounted to SAR 16.6Mn compared to SAR 12.8Mn for the same period of previous year, a increase of 30%.