AICTEC loses SAR 17.5M in 2025, SAR 14.6M in H2

Advance International Company for Communication and Information Technology (AICTEC) reported a net loss of SAR 17.5 million in 2025, against a net profit of SAR 1.8 million a year earlier.

Despite the improved average selling prices, AICTEC cited lower revenues and higher cost of sales. It also allocated an expected credit loss provision worth SAR 5.6 million for customers and another valued at SAR 1 billion for related parties in 2025.

The company also recorded an impairment in applications within intangible assets, resulting in an impairment loss of SAR 2.4 million, along with a SAR 668,000 increase in financing costs on newly-obtained loans during 2025.

Operating and administrative expenses rose by SAR 7.5 million by year-end. This was due to the reclassification of depreciation expenses related to right-of-use assets and depreciation of property and equipment.

In H2 2025, losses increased from SAR 3.36 million in H2 2024 to SAR 14.6 million.

The three-month net loss also widened from SAR 2.90 million in H1 2025.

Total shareholders' equity, no minority interest, amounted to SAR 19.45 million by Dec. 31, 2025, down from SAR 36.90 million a year ago.

Accumulated losses reached SAR 12.38 million at the end of the period, representing 38.7% of capital.

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