Alijarah Holding (Q.P.S.C.) ($NLCS)

Hello, everyone, and welcome to National Leasing Conference Call. Please note that this call is being recorded. I'd now like to hand the call over to Dana Al Sowaidi. Please go ahead.

Hello, everyone, and [Foreign Language] to you all. This is Dana Al Sowaidi from QNB Financial Services. I would like to welcome everyone to National Leasing Holding and Alijarah Holdings First Quarter 2026 Financial Results Conference Call. On this call from management, we have Raja, Finance Manager; and Mohamad Sleiman, Account Supervisor. We will conduct this conference call with management first reviewing the company's results followed by a Q&A session. I will now turn the call over to Raja. Please go ahead.

Good afternoon, everyone. Thank you, Dana. Thank you, everyone, for joining Alijarah Conference Call. I'm Rajasekaran, Finance Manager at Alijarah Holdings. I'm pleased to be joined by Mohamad Sleiman, our Account Supervisor, who will walk through our performance and financial highlights. Following this presentation, we will open the floor for questions. Thank you.

Hello. Good afternoon, everyone. Thank you for joining us today. I will walk you through Alijarah Holding performance for the first quarter of 2026. During the quarter, Alijarah performance was influenced by external challenges due to ongoing geopolitical tensions in the region, which have impacted the operational and investment revenues for the period. Despite a 16% decrease in revenue totaling QAR 16 million in quarter 1 '26 compared to QAR 19 million in quarter 1 '25, our net profit increased by 1% to QAR 5.2 million compared to QAR 5.15 million in the same period last year. The increase was driven mainly by the reduction in operational and finance costs, in addition to the reversal of provisions following the collection of previously impaired debt. Our earnings per share for quarter 1 '26 stood at QAR 0.011 compared to QAR 0.01 in quarter 1 '25. Looking to our financial position. Total assets decreased from QAR 821 million as of December '25 to QAR 782 million, mainly due to a decline in the fair value of investment securities and the distribution of dividends for the year 2025. The liabilities decreased from QAR 117 million in December 2025 to QAR 165 million, mainly due to the reversal of provisions following collection from previously impaired debt. Equity decreased from QAR 650 million in December '25 to QAR 617 million, mainly driven by the decline in fair value of long-term investment securities. Our net cash flow used in operating activities amounted to QAR 7 million. Net cash flow generated from investing activities was QAR 7 million and net cash flow used in financing activities was QAR 20 million. That concludes Alijarah performance for quarter 1 2026. We hope that the situation in the region will stabilize in the near term. Accordingly, Alijarah is confident that the performance in the coming quarters will be improved potentially exceeding the level achieved in the previous years. We will now open the floor for the questions. Please feel free to ask, and we will be happy to answer. Thank you.

[Operator Instructions] It looks like we don't have any pending questions. I'd now like to hand the call back to Dana for final remarks.

As there are no questions, we would like to thank the company's management for the results update, and we look forward to speaking to you all for the second quarter results.

Thank you, Dana.

Thank you for attending today's call. You may now disconnect. Goodbye.