Derayah Financial (4984) investor relations material

Executive summary

• 3Q operating income rose 2% YoY to 242 million and net profit rose 6% to 105 million; 9M operating income grew 4% to 710 million while net profit declined 3% to 303 million.

• Recurring revenue grew 25% YoY to 307 million in 9M, reaching 45.2% of operating income excluding investment gains, rental income and dividend income.

• Client accounts increased 12% YTD to 694,000, including ~34,000 added in 3Q, the highest quarterly addition since listing.

Financial highlights

• 9M net operating profit fell 3% YoY to 400 million; profit before Zakat declined 2% to 315 million.

• 3Q net profit rose 5% QoQ to 105 million; 9M net profit was 303 million versus 312 million a year earlier.

• 9M operating expenses increased 15% YoY to 310 million, including marketing expense of 22 million versus 9 million; 3Q expenses fell 4% QoQ to 103 million.

• 9M investment gains totaled 24 million versus 30 million; 3Q gains were 15 million versus 10 million in 2Q.

Outlook and guidance

• Strategy 2030 priorities include stronger client acquisition, broader investment offerings and integration with D360 Bank, progressing as planned.

• D360 Bank remains on track for its first quarterly breakeven in 4Q 2027 under its business plan.

• Alternative investment and real estate fund launches depend on investor demand, market conditions and regulatory approvals; spending and launch timing will be calibrated to conditions and readiness.

• Dividend policy sets a minimum 60% payout for 2026 and 2027, with quarterly distributions through end-2027.