Riyal profit down 65% to SAR 5.8M in 2025; H2 at SAR 287,000

Riyal Investment and Development Co.’s (Riyal) net profit fell 65% to SAR 5.8 million in 2025, compared with SAR 16.4 million a year earlier.

The decline was mainly due to expansion-related costs, including development of infrastructure and operational facilities such as offices, workshops, and parking across the Kingdom, aimed at supporting future growth plans and enhancing operational efficiency.

These investments are expected to positively impact revenues starting in 2026 and continue through 2027 and 2028.

The decrease was also driven by higher overall costs during the period, linked to the company’s strategy to modernize its fleet and infrastructure, which do not generate immediate returns but are intended to strengthen future growth.

This was partially offset by higher revenues from increased demand and growth in the used-car segment.

Net income declined 96% to SAR 290,000 in H2 2025 from SAR 6.55 million a year earlier.

Sequentially, net profit also fell 95% from SAR 5.47 million in H1 2025.

Total shareholders' equity (no minority interest) rose to SAR 168.91 million by the end of the current period, compared to SAR 167.62 million a year earlier.

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