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

18/02/2025 Argaam Exclusive

View other reports

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 %

Item	H1 2024	H2 2024	Change‬
Revenues	39.96	49.52	23.9 %
Gross Income	18.34	24.08	31.3 %
Operating Income	12.64	16.16	27.8 %
Net Income	8.94	12.53	40.2 %
Average Shares	15.00	15.00	-
Earnings Per Share before unusual items	0.60	0.84	40.2 %
EPS (Riyals)	0.60	0.84	40.2 %

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.

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	-	-	-	-	-	-
2015	42.29	(65.8 %)	2.82	-	42.29	2.82
H1 2016	-	-	-	-	-	-
H2 2016	-	-	-	-	-	-
2016	5.20	(87.7 %)	0.35	-	5.20	0.35
H1 2017	-	-	-	-	-	-
H2 2017	-	-	-	-	-	-
2017	1.59	(69.4 %)	0.11	-	1.59	0.11
H1 2018	-	-	-	-	-	-
H2 2018	-	-	-	-	-	-
2018	(15.38)	(1067.9 %)	(1.03)	-	(15.38)	(1.03)
H1 2019	-	-	-	-	-	-
H2 2019	-	-	-	-	-	-
2019	9.20	159.8 %	0.61	-	9.20	0.61
H1 2020	-	-	-	-	-	-
H2 2020	-	-	-	-	-	-
2020	37.02	302.5 %	2.47	-	37.02	2.47
H1 2021	-	-	-	-	-	-
H2 2021	-	-	-	-	-	-
2021	67.22	81.5 %	4.48	-	67.22	4.48
H1 2022	0.00	-	0.00	(10.17)	10.18	0.68
H2 2022	3.81	-	0.25	-	3.81	0.25
2022	3.82	(94.3 %)	0.25	(10.17)	13.99	0.93
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
2023	38.23	901.2 %	2.55	29.75	8.48	0.57
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

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	Earnings Per Share before unusual items
2015	42.29	(65.8 %)	2.82	-	42.29	2.82
2016	5.20	(87.7 %)	0.35	-	5.20	0.35
2017	1.59	(69.4 %)	0.11	-	1.59	0.11
2018	(15.38)	(1067.9 %)	(1.03)	-	(15.38)	(1.03)
2019	9.20	159.8 %	0.61	-	9.20	0.61
2020	37.02	302.5 %	2.47	-	37.02	2.47
2021	67.22	81.5 %	4.48	-	67.22	4.48
2022	3.82	(94.3 %)	0.25	(10.17)	13.99	0.93
2023	38.23	901.2 %	2.55	29.75	8.48	0.57
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	-	-	-	-	-	-
2015	356.55	1.7 %	251.14	(8.0 %)	122.83	(41.5 %)
H1 2016	-	-	-	-	-	-
H2 2016	-	-	-	-	-	-
2016	29.21	(91.8 %)	(6.32)	(102.5 %)	(76.01)	(161.9 %)
H1 2017	-	-	-	-	-	-
H2 2017	-	-	-	-	-	-
2017	38.36	31.3 %	10.58	267.4 %	(12.33)	83.8 %
H1 2018	-	-	-	-	-	-
H2 2018	-	-	-	-	-	-
2018	34.28	(10.6 %)	6.63	(37.3 %)	(7.95)	35.5 %
H1 2019	-	-	-	-	-	-
H2 2019	-	-	-	-	-	-
2019	49.36	44.0 %	24.71	272.6 %	15.90	300.0 %
H1 2020	-	-	-	-	-	-
H2 2020	-	-	-	-	-	-
2020	95.25	92.9 %	59.30	140.0 %	45.50	186.2 %
H1 2021	-	-	-	-	-	-
H2 2021	-	-	-	-	-	-
2021	132.44	39.0 %	90.15	52.0 %	78.12	71.7 %
H1 2022	50.92	-	31.88	-	21.13	-
H2 2022	44.63	-	22.43	-	15.41	-
2022	95.55	(27.9 %)	54.32	(39.7 %)	36.54	(53.2 %)
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 %)
2023	77.81	(18.6 %)	35.26	(35.1 %)	17.52	(52.1 %)
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 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2015	356.55	1.7 %	251.14	(8.0 %)	122.83	(41.5 %)
2016	29.21	(91.8 %)	(6.32)	(102.5 %)	(76.01)	(161.9 %)
2017	38.36	31.3 %	10.58	267.4 %	(12.33)	83.8 %
2018	34.28	(10.6 %)	6.63	(37.3 %)	(7.95)	35.5 %
2019	49.36	44.0 %	24.71	272.6 %	15.90	300.0 %
2020	95.25	92.9 %	59.30	140.0 %	45.50	186.2 %
2021	132.44	39.0 %	90.15	52.0 %	78.12	71.7 %
2022	95.55	(27.9 %)	54.32	(39.7 %)	36.54	(53.2 %)
2023	77.81	(18.6 %)	35.26	(35.1 %)	17.52	(52.1 %)
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	-	-	-
2015	70.44 %	35.98 %	11.86 %
H1 2016	-	-	-
H2 2016	-	-	-
2016	(21.64 %)	(240.50 %)	17.79 %
H1 2017	-	-	-
H2 2017	-	-	-
2017	27.59 %	(25.68 %)	4.14 %
H1 2018	-	-	-
H2 2018	-	-	-
2018	19.34 %	(16.05 %)	(44.86 %)
H1 2019	-	-	-
H2 2019	-	-	-
2019	50.05 %	37.20 %	18.63 %
H1 2020	-	-	-
H2 2020	-	-	-
2020	62.26 %	50.14 %	38.87 %
H1 2021	-	-	-
H2 2021	-	-	-
2021	68.07 %	60.59 %	50.75 %
H1 2022	-	-	-
H2 2022	56.85 %	-	14.64 %
2022	56.85 %	40.50 %	14.64 %
H1 2023	52.35 %	-	16.36 %
H2 2023	51.67 %	32.54 %	12.96 %
2023	45.32 %	25.54 %	10.89 %
H1 2024	46.82 %	30.25 %	13.07 %
H2 2024	46.43 %	30.56 %	17.90 %
2024	47.40 %	34.93 %	24.00 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2015	70.44 %	35.98 %	11.86 %
2016	(21.64 %)	(240.50 %)	17.79 %
2017	27.59 %	(25.68 %)	4.14 %
2018	19.34 %	(16.05 %)	(44.86 %)
2019	50.05 %	37.20 %	18.63 %
2020	62.26 %	50.14 %	38.87 %
2021	68.07 %	60.59 %	50.75 %
2022	56.85 %	40.50 %	14.64 %
2023	45.32 %	25.54 %	10.89 %
2024	47.40 %	34.93 %	24.00 %

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	62.62 %	-	19.99 %
H2 2022	50.26 %	-	8.55 %
H1 2023	41.31 %	24.96 %	20.59 %
H2 2023	49.33 %	26.13 %	1.20 %
H1 2024	45.88 %	34.65 %	22.37 %
H2 2024	48.63 %	35.15 %	25.31 %

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

Period	Shares Outstanding (M)	EPS (Riyal)	Earnings Per Share before unusual items (Riyal)	Book Value (BV)
2015	15.00	2.82	2.82	78.87
2016	15.00	0.35	0.35	80.80
2017	15.00	0.11	0.11	17.60
2018	15.00	(1.03)	(1.03)	10.50
2019	15.00	0.61	0.61	10.37
2020	15.00	2.47	2.47	11.34
2021	15.00	4.48	4.48	14.66
2022	15.00	0.25	0.93	14.82
2023	15.00	2.55	0.57	17.25
2024	15.00	1.43	1.43	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

Period	P/E	Adjusted P/E	Price/book
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	-	-	-
2020	-	-	-
2021	-	-	-
2022	-	-	-
2023	-	-	-
2024	19.35	19.35	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

Period	Investments	Investment banking group	Asset management	Brokerage
2020	2.07	28.38	14.44	50.36
2021	6.00	52.46	25.95	51.01
2022	5.39	51.76	23.63	18.25
2023	53.65	30.85	13.37	11.75
2024	14.03	41.56	18.38	15.51

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

Yaqeen Capital Co. (YAQEEN)

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

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

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.

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

View other reports

Financials (M)

Current Half Annual Comparison (M)

Profit Performance (Million)

Profit Performance (Million)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2024 Q4

Financial Ratios

Share Price

Yaqeen Capital Co. (YAQEEN)

Comments {{getCommentCount()}}

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

{{comment.DisplayName}}

×

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

View other reports

Financials (M)

Current Half Annual Comparison (M)

Profit Performance (Million)

Profit Performance (Million)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q4 2024

Revenue by Business Segment (Latest) 2024 Q4

Financial Ratios

Share Price

Yaqeen Capital Co. (YAQEEN)

Comments {{getCommentCount()}}

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

{{comment.DisplayName}}

Business Segments (Million)