فريق إنت عربي
- Tabby reports SAR 206.4 million in net profit for 2025, up 82% year-over-year
- Q4 profit declines to SAR 57.1 million, down 25% YoY
- Strong revenue growth driven by commissions and fees, offset by rising costs
Tabby reported a net profit of SAR 206.4 million for the full year 2025, marking an 82% increase compared to the previous year. However, fourth-quarter profit declined to SAR 57.1 million, reflecting a 25% year-over-year drop.
Revenue Growth Drives Annual Performance
The strong annual performance was primarily driven by growth in net financing and investment income, which reached SAR 723.7 million in 2025, up from SAR 547.8 million in the previous year.
Key growth drivers included:
- Merchant commission income increased by 39% to SAR 1.28 billion
- Customer fee income from extended payment terms rose by 75% to SAR 117.2 million
- Interest income on term deposits grew from SAR 2.8 million to SAR 7.6 million
Additionally, the absence of intra-group loan interest expenses (SAR 34.7 million recorded in the prior year) supported overall profitability.
Cost Pressures Impact Quarterly Results
Despite strong annual growth, rising costs weighed on quarterly performance. In Q4, the company faced:
- Franchise fees increasing to SAR 116.4 million
- A 59% rise in general and administrative expenses
- Higher income tax expenses
These factors contributed to the decline in quarterly profits compared to the same period last year.
Shareholders’ Equity and Cash Flow Developments
Shareholders’ equity rose to SAR 639.77 million by the end of 2025, up from SAR 433.35 million a year earlier, reflecting an improvement in the company’s financial position.
Cash flow highlights include:
- Net cash from operating activities stood at negative SAR 122.9 million, compared to negative SAR 377.1 million previously
- Capital expenditures increased to SAR 14.1 million
- Net cash from financing activities rose to SAR 561.1 million
The company also reported a negative free cash flow of SAR 137.1 million, an improvement from negative SAR 378.2 million in the prior period.
Corporate Structure
Tabby operates as a wholly owned subsidiary of Tabby SPV Limited, registered in the UAE, while its ultimate parent company, Tabby Inc., is incorporated in the Cayman Islands.
