NAEEM Holding For Investments

1. Company Overview & Earnings Context

Al Naeem Holding Company for Investments (NAHO) reported a wider Q1 2026 net loss as weaker investment performance, fair value losses, and higher operating expenses weighed on profitability during the quarter. The Group operates across brokerage, financial services, investment management, mortgage finance, real estate, and investment fund activities across regional markets.

The company continues focusing on restructuring investments, managing real estate assets, and improving operational efficiency amid ongoing market volatility.

2. Financial Performance Snapshot

• Revenue from commissions & management services: USD 2.07M

• Net operating revenue: USD 1.19M

• Operating loss: USD 0.34M

• Net loss before taxes: USD 1.08M

• Net loss after taxes: USD 1.11M

• Net loss attributable to shareholders: USD 1.15M

• Loss per share: USD 0.0034

Compared to Q1 2025:

• Net loss attributable to shareholders widened from approximately USD 0.54M to USD 1.15M

• Total comprehensive loss increased to USD 1.68M

3. Operational Highlights & Key Metrics

• Total assets: USD 157.6M

• Total equity: USD 123.6M

• Cash & cash equivalents: USD 3.27M

• Investments at FVOCI: USD 76.23M

• Investments at FVTPL: USD 5.08M

• Goodwill: USD 19.67M

• Projects under construction: USD 342.9K

Additional highlights:

• Quoted and unquoted investments remained the Group’s largest asset category

• Real estate development and Smart Village projects continued progressing

• Investment portfolio included brokerage, real estate, and financial services subsidiaries across multiple markets

4. Key Performance Drivers

• Fair value losses on financial investments negatively impacted profitability

• Higher general and administrative expenses pressured earnings

• Decline in gains from investment activities weighed on overall performance

• Operating revenues remained relatively stable despite market volatility

• Foreign currency translation losses impacted comprehensive income

The Group also recorded:

• USD 0.84M loss from fair value changes on investments through profit or loss

• USD 0.16M finance costs during the quarter

5. Outlook & Forward Guidance

• Continued focus on investment portfolio optimization and operational restructuring

• Ongoing management of real estate projects and investment assets

• Management remains focused on improving liquidity and recurring income streams

• The Group continues monitoring regional financial market conditions and investment opportunities

• NAHO aims to strengthen brokerage, investment banking, and real estate operations across its subsidiaries

The Group also continues expanding and managing its diversified subsidiaries operating across brokerage, investment funds, mortgage finance, and real estate activities.

6. 🧾 Investor Takeaway

Al Naeem Holding reported a wider Q1 2026 loss as weaker investment performance, fair value losses, and higher operating expenses offset recurring revenue contributions from brokerage, investment management, and financial services operations.