Financial Results : SVCP incurs SAR 32.5M loss in 2025, SAR 22.9M in Q4

SVCP incurs SAR 32.5M loss in 2025, SAR 22.9M in Q4

31/03/2026 Argaam Exclusive

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Saudi Vitrified Clay Pipes Co. (SVCP) narrowed 2025 net losses to SAR 32.5 million, from SAR 108.5 million a year earlier.



Financials (M)

Item 2024 2025 Change‬
Revenues 58.49 68.27 16.7 %
Gross Income (4.21) (15.55) (269.2 %)
Operating Income (104.86) (51.16) 51.2 %
Net Income (108.45) (32.49) 70.0 %
Average Shares 15.00 15.00 -
Earnings Per Share before unusual items (Riyals) (1.88) (3.62) (92.3 %)
EPS (Riyal) (7.23) (2.17) 70.0 %

The lower losses were attributed to revenue growth during the same year, thanks to higher revenues from subsidiary Saudi Land Factory Co. (SLF).

 

Other income also expanded in 2025. Besides, the company reduced the provision for impairment and goodwill.

 

In Q4 2025, net losses also shrank to SAR 22.9 million, down 33.6% from SAR 34.53 million in the year before.

 

On a quarterly basis, the company turned to losses from a SAR 10.66 million profit in Q3 2025.



Current Quarter Comparison (M)

Compared With The
Item Q4 2024 Q4 2025 Change‬
Revenues 17.51 23.68 35.2 %
Gross Income 7.37 (6.89) (193.5 %)
Operating Income (81.04) (21.96) 72.9 %
Net Income (34.53) (22.94) 33.6 %
Average Shares 15.00 15.00 -
Earnings Per Share before unusual items (Riyal) (0.20) (1.53) (673.4 %)
EPS (Riyal) (2.30) (1.53) 33.6 %

Shareholders equity, with no minority interest, reached SAR (32.97) million as of Dec. 31, 2025, versus SAR (107.84) million a year ago.

 

Accumulated losses amounted to SAR 80.93 million by year-end, making up 54% of capital.

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