The Financial Corporation Company SAOG (FINC) Earnings Call Transcript & Summary

Good morning, esteemed investors, analysts and valued stakeholders. On behalf of FINCORP, I extend a warm welcome to all you joining us for this discussion session. We appreciate your time and interest in our company's financial performance. Today, we will be reviewing the results of the FINCORP for first half of 2026, comparing them with our performance in 2025. Our presentation will focus on 3 key areas. First, organizational overview. This segment will be presented by Mr. Ehab Alexan, who will provide insights into our company's structure, strategy and key developments. Second, financial performance and results. Ehab Alexan will walk us through FINCORP's financial performance, key highlights and comparative results between the first half of 2026 and 2025. Following the presentation, we will open the floor for question-and-answer session where our team will address any questions you may have. We kindly request that you hold your questions until this designated time. Before we proceed, I would like to start with our standard disclaimer. This presentation consists of statements, information relating to FINCORP. The financial information included in the presentation is unaudited and has been disclosed on MSX website and is for information purpose only. This presentation is not and should not be considered as an offer, invitation or recommendation to buy, sell or trade in any products or services, neither this presentation nor anything stated in it shall form the basis for any contract or commitment. Any information or past performance contained in this presentation must not be considered as an indication or guarantee for future performance. This presentation is not to be relied upon as advice to investors and does not take into account the investment objectives, financial situation or needs of any investors. Any future outlook statement or comments is associated with known or unknown risks and uncertainties. Hence, this presentation provides no guarantees or commitments for any future results of FINCORP irrespective of whether stated explicitly or implied. To the extent that anyone has any questions regarding the content of the presentation discussed above, he or she is encouraged to consult with the professional advice for choosing FINCORP and does not take any responsibility for such understanding. The information contained in the presentation is proprietary in nature and for information purpose only. By entering this session, viewing our presentation, accessing the disclosure about the presentation, the viewer/reader is bound by the above condition. [Audio Gap]

The company overview. FINCORP is one of the oldest investment management company and was established in the year 2003 based in Sultanate of Oman and listed in Muscat Stock Exchange. During year 2025, FINCORP canceled its license and shifted to an investment company. Our proprietary investment including the local and UCM international investments. The performance for the first half of year 2026. Now we generated an income of OMR 317,352 in the first half comparing to OMR 691,453 in year 2025. The total expenses in the period was OMR 219,808 versus OMR 451,000 in year 2025. The net operating profit was OMR 97,544 comparing to OMR 240,000 in year 2025. The net profit during this period was OMR 120,600 comparing losses of OMR 1.4 million. And actually, this is due to the provision taken last year. The total assets in this period was OMR 7,318,000 comparing to OMR 7,385,000. Total liabilities was OMR 1.5 million comparing to OMR 1.7 million last year. Total equity for shareholders in June '26 was OMR 5,804,000 million comparing to OMR 5,684,000 in December '26. Now this session for question and answer. Since no body is asking, okay, [Foreign Language].

We take this opportunity to express our gratitude to His Majesty Sultan Haitham Bin Tariq for his wise leadership and progressive vision that continues to lead the country along the path of growth and prosperity. We wish to extend our appreciation to all officials and staff of the Muscat Securities Exchange, Financial Services Authority and Muscat Clearing and Depository Company for their valuable cooperation and support. Finally, we wish to thank our Board members for their valuable guidance and all our staff for their spirited contribution, shareholders for their faith and our esteemed clients for the confidence, trust and support extended to FINCORP. Thank you.