SAL profit slips 4% to SAR 496.2M in 9M 2025; Q3 at SAR 180.9M

SAL Saudi Logistics Services Co. reported a net profit of SAR 496.2 million in the first nine months of 2025, a 4% decline from SAR 519.4 million a year earlier.

The profit drop was attributed to a 2.1% year-on-year (YoY) decline in revenues, mainly driven by lower income from the logistics sector due to timing differences in project execution, as the company continues to focus on strengthening core capabilities and building a foundation for long-term sustainable growth.

The company also maintained its efforts to enhance the efficiency and flexibility of its operating model, which helped reduce the net loss to 4.5%, compared to 13.3% during the first half of the current year.

Meanwhile, the cargo handling segment recorded a slight YoY revenue increase, maintaining exceptional performance levels similar to last year. This was supported by ongoing service enhancements despite a 3.2% decline in handled shipment volumes.

Q3 2025 profit rose 16.3% to SAR 180.89 million, compared to SAR 155.5 million in Q3 2024, driven by a 13.1% rise in cargo handling revenues and a 28.1% increase in logistics revenues.

On a quarterly basis, net earnings increased 11.5% from SAR 162.24 million in Q2 2025, driven by a 6.9% increase in revenues to SAR 421.2 million and a 7.7% growth in handled shipment volumes.

Total shareholders’ equity, no minority interest, reached SAR 1.55 billion by Sept. 30, 2025, compared to SAR 1.37 billion a year ago.

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