Yaqeen Capital profit down 44% to SAR 21.5M in 2024; H2 at SAR 12.5M

18/02/2025 Argaam Exclusive

Yaqeen Capital reported a profit of SAR 21.5 million in 2024, a 44% decline from SAR 38.2 million a year ago.



Financials (M)

Item 2023 2024 Change‬
Revenues 77.81 89.48 15.0 %
Gross Income 35.26 42.42 20.3 %
Operating Income 17.52 28.80 64.4 %
Net Income 38.23 21.47 (43.8 %)
Average Shares 15.00 15.00 -
Earnings Per Share before unusual items 0.57 1.43 153.3 %
EPS (Riyals) 2.55 1.43 (43.8 %)

The company cited a non-recurring sale of its building in June 2023 for SAR 24.7 million.

 

Meanwhile, revenues increased by 15% year-on-year (YoY) to SAR 89.48 million in 2024, mainly due to the positive contribution from most services provided.

 

Advisory services income from investment banking department grew by 35%, due to the increase in the successful IPOs managed by the company during 2024.
Brokerage fees rose by 28% due to the increase in the margin lending, while management and subscription fees from mutual funds grew by 38%.
Gain from investments at fair value through profit or loss by fell 78% due to disposal of investment in the first six months of 2023.

 

The company reported an increase in the special commission income by 218%, which represents the income from Murabaha placements.



Current Half Annual Comparison (M)

Compared With The
Item H2 2023 H2 2024 Change‬
Revenues 38.89 49.52 27.3 %
Gross Income 19.19 24.08 25.5 %
Operating Income 8.86 16.16 82.4 %
Net Income 0.47 12.53 2595.1 %
Average Shares 15.00 15.00 -
Earnings Per Share before unusual items 0.03 0.84 2595.1 %
EPS (Riyals) 0.03 0.84 2595.1 %

Yaqeen Capital posted net earnings of SAR 12.5 million in H2 2024, a surge from SAR 470,000 in H2 2023.

 

Compared with the previous period, net profit edged up 40.2% from SAR 8.94 million in H1 2024.

 

Shareholders’ equity, no minority interest, rose to SAR 278.85 million by the end of 2024, compared to SAR 258.80 million in the prior-year period.

View other reports

Share Price

Yaqeen Capital Co.
25.90
(0.05) (0.19 %)

Yaqeen Capital Co. (YAQEEN)

More


Financial Ratios
Current
Market Cap (M Riyal) 388.50
Enterprise Value (EV) (M) 242.93
Shares Outstanding ((M)) 15.00
Book Value (BV) ( Riyal) 18.59
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 18.09
Price/book 1.39
more


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items Earnings Per Share before unusual items
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 - - - - - -
H2 2020 - - - - - -
H1 2021 - - - - - -
H2 2021 - - - - - -
H1 2022 0.00 - 0.00 (10.17) 10.18 0.68
H2 2022 3.81 - 0.25 - 3.81 0.25
H1 2023 37.76 943900.0 % 2.52 29.75 8.01 0.53
H2 2023 0.47 (87.8 %) 0.03 - 0.47 0.03
H1 2024 8.94 (76.3 %) 0.60 - 8.94 0.60
H2 2024 12.53 2595.1 % 0.84 - 12.53 0.84
2024 21.47 (43.8 %) 1.43 - 21.47 1.43


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 - - - - - -
H2 2020 - - - - - -
H1 2021 - - - - - -
H2 2021 - - - - - -
H1 2022 50.92 - 31.88 - 21.13 -
H2 2022 44.63 - 22.43 - 15.41 -
H1 2023 38.92 (23.6 %) 16.08 (49.6 %) 8.66 (59.0 %)
H2 2023 38.89 (12.9 %) 19.19 (14.5 %) 8.86 (42.5 %)
H1 2024 39.96 2.7 % 18.34 14.1 % 12.64 46.0 %
H2 2024 49.52 27.3 % 24.08 25.5 % 16.16 82.4 %
2024 89.48 15.0 % 42.42 20.3 % 28.80 64.4 %

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
H1 2021 - - -
H2 2021 - - -
H1 2022 - - -
H2 2022 56.85 % - 14.64 %
H1 2023 52.35 % - 16.36 %
H2 2023 51.67 % 32.54 % 12.96 %
H1 2024 46.82 % 30.25 % 13.07 %
H2 2024 46.43 % 30.56 % 17.90 %
2024 47.40 % 34.93 % 24.00 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Earnings Per Share before unusual items (Riyal) Book Value (BV)
H1 2015 - - - -
H2 2015 - - - -
H1 2016 - - - -
H2 2016 - - - -
H1 2017 - - - -
H2 2017 - - - -
H1 2018 - - - -
H2 2018 - - - -
H1 2019 - - - -
H2 2019 - - - -
H1 2020 - - - -
H2 2020 - - - -
H1 2021 - - - -
H2 2021 - - - -
H1 2022 15.00 - - -
H2 2022 15.00 0.25 0.93 14.82
H1 2023 15.00 2.77 1.47 17.34
H2 2023 15.00 2.80 1.50 17.25
H1 2024 15.00 3.40 1.42 17.85
H2 2024 15.00 3.98 2.00 18.59

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
H1 2021 - - -
H2 2021 - - -
H1 2022 - - -
H2 2022 - - -
H1 2023 - - -
H2 2023 - - -
H1 2024 9.55 22.93 1.82
H2 2024 6.96 13.87 1.49

Business Segments (Million)

Compared With The
Period Investments Investment banking group Asset management Brokerage
Q4 2022 3.09 20.20 4.98 3.00
Q2 2023 47.22 11.80 7.76 -
Q4 2023 6.43 19.05 5.61 6.07
Q2 2024 8.05 18.36 7.24 6.31
Q4 2024 5.98 23.20 11.14 9.20

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request