| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | Tas’heel reported a 3.4% increase in revenues, reaching SAR 205.90 million compared to SAR 199.22 million in the same quarter last year. This performance was driven by the growth of the financing portfolio, which reached SAR 3.2 billion, with a growth of 7.3% compared to the same period last year. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Tas’heel’s net profit declined by 82.4% in the third quarter of 2026 to SAR 14.39 million, compared to SAR 81.55 million in the corresponding quarter of the previous year. The decline was primarily attributable to higher net impairment losses, which amounted to SAR 70.1 million during the quarter compared to the corresponding period of the previous year, reflecting the Company’s prudent and proactive approach to credit risk managementThe increase in net impairment losses included:- SAR 33.8 million related to a management overlay, to enhance coverage and accelerate write-off- SAR 36.3 million resulting from the annual update of the ECL model , alongside the increased maturity of the credit portfolio. Bearing in mind that last year base was supported by SAR 15 million, bringing the normalized delta to SAR 21.3 million.The increase in provisions reflects the Company’s proactive approach to strengthening portfolio resilience, while the underlying business continued to demonstrate positive operational performance, with gross profit increasing by 4.4% in the third quarter compared to the corresponding quarter of the previous year. The Company remains focused on maintaining disciplined risk management practices, enhancing portfolio quality, and positioning the business for sustainable long-term growth. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | TAS’HEEL’s financing portfolio remained at the same level as the previous quarter. As a result, Third-quarter revenues remained broadly stable on a quarter-on-quarter basis. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Tas’heel’s net profit declined compared to the previous quarter, mainly due to higher net impairment losses, reflecting a prudent approach to credit risk management. The decline was also impacted by higher operating expenses as the Company continued to enhance its operational capabilities and support its long-term growth strategy. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Tas’heel’s financing portfolio grew by 7.3% compared to the same period last year, leading to a 8.8% increase in revenues for the current period versus the same period of the previous year. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Tas’heel reported a net profit of SAR 127 million during the first nine months of 2026, compared to SAR 199.16 million in the corresponding period of the previous year, representing a 36.24% decline. The decrease was primarily attributable to higher net impairment losses, which amounted to SAR 83.1 million during the current period compared to the corresponding period of the previous year, reflecting the Company’s prudent and proactive approach to credit risk management.The increase in net impairment losses included:- SAR 33.8 million related to a management overlay, to enhance coverage and accelerate write-off- SAR 49.3 million resulting from the annual update of the ECL model , alongside the increased maturity of the credit portfolio. Bearing in mind that last year base was supported by SAR 15 million, bringing the normalized delta to SAR 34.3 million.The increase in provisions reflects the Company’s proactive approach to strengthening portfolio resilience, while the underlying business continued to demonstrate positive operational performance, with gross profit increasing by 9.4% during the first nine months of 2026 compared to the corresponding period of the previous year. The Company remains focused on maintaining disciplined risk management practices, enhancing portfolio quality, and positioning the business for sustainable long-term growth. |
| 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) | These estimated financial results for the period ending September 30, 2026, have been prepared by the company’s management and have not been audited or reviewed by its external auditor. |
| Reclassification of Comparison Items | Nothing |
| Additional Information | The Company’s EPS has been adjusted after the capital increase, which has been approved by the extraordinary general assembly which held on 10 May 2026 |
