Amwaj International loses SAR 87.8M in 2025, SAR 91.3M in H2

Amwaj International Co., which operates in the home appliances sales and distribution sector, reported a net loss of SAR 87.8 million for 2025, against a net profit of SAR 6.4 million in the same period a year earlier.

The company attributed this to lower revenue in 2025 due to a decline in sales volumes compared to a year earlier, alongside a reassessment of sales policies and credit management, which negatively impacted net sales.

It also cited a decline in gross profit, recognition of inventory count discrepancy losses amounting to SAR 28.67 million following discrepancies discovered at one of the company's branches.

In addition, Amwaj recognized expected credit loss provisions totaling SAR 47.12 million, compared to SAR 2.41 million in the previous year, with the majority of the provision related to receivables associated with the branch where the incident occurred.

The company also cited higher general and administrative expenses and continued finance costs.

The company turned to a loss of SAR 91.3 million in H2 2025, against earnings of SAR 2.20 million in the same period a year before.

It also swung from earnings of SAR 3.50 million in H1 2025.

Shareholders' equity, excluding minority interests, stood at SAR 42.68 million at the end of the current period, compared to SAR 130.46 million a year earlier.

Accumulated losses reached SAR 28.01 million as of the end of the current period, representing 46.69% of the company's capital.

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