Tabby Financing Company, the Saudi-licensed financing arm of buy-now-pay-later group Tabby, reported a net profit of SAR 90.4 million for the first half of 2025, a 361% increase compared with the SAR 19.6 million recorded in the equivalent period of 2024.
Tabby posted a net profit of SAR 65.25 million in Q1 2025 alone. The second quarter contributed a further SAR 25.13 million, itself a 161% year-on-year increase from the corresponding period in 2024.
SHAREHOLDERS' EQUITY
Shareholders' equity at Tabby reached SAR 523.79 million by 30 June 2025. The business relies on murabaha borrowing to fund its receivables.
BUSINESS MODEL
Tabby has built a merchant network spanning online and physical retail across Saudi Arabia and the UAE, offering consumers the ability to split purchases into equal instalments without requiring a credit card and without charging interest, with revenues generated mainly through merchant fees.
The company has not disclosed specific financial projections for the second half of 2025.