| 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 17.5% increase in revenues, reaching SAR 205.3 million compared to SAR 174.7 million in the same quarter last year. This performance was driven by the growth of the financing portfolio, which reached SAR 3.21 billion, up by 21.7%, reflecting strong demand across all financing products offered by the company. |
| 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 increased by 11.4% during the current quarter compared to the same quarter last year, supported by a 17.5% growth in revenues. This revenue growth positively impacted gross profit (net income from Shariah-compliant financing contracts), which rose by 17.6%. |
| 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 grew by 1.9% compared to the previous quarter, leading to a 1.0% increase in current-quarter revenues versus the prior quarter. |
| 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 decreased by 13.5% in the current quarter compared to the previous quarter, due to higher operating costs and higher provisions for expected credit losses. |
| 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) | Nothing |
| Reclassification of Comparison Items | Nothing |
| Additional Information | Nothing |
