Osool & Bakheet loses SAR 95.1M in 2025, SAR 44.3M in H2

Osool & Bakheet Investment Co. sustained a net loss of SAR 95.1 million in 2025, against a net profit of SAR 19.9 million a year earlier.

Revenue declined in 2025, resulting in a loss of SAR 46.94 million versus a profit of SAR 42.99 million in 2024, a swing of 209%. The main factor was unrealized losses of SAR 74.12 million from the revaluation of investments at fair value through profit or loss, compared with gains of SAR 22.57 million a year earlier. The company said these losses are non-cash and reflect temporary movements in investment valuations.

The period also included SAR 6.35 million in new revenue from telecommunications and information network management and monitoring services, while core operating income from portfolio, fund management, and investment services remained broadly stable.

Non-cash expenses increased, including SAR 12.6 million in share-based payments, a SAR 7.31 million expected credit loss provision compared with a reversal in the prior year, and a SAR 1.11 million impairment charge on projects under construction. General and administrative expenses were broadly unchanged.

The company also recorded a net loss of SAR 44.3 million in H2 2025, compared with a net profit of SAR 7.91 million in H2 2024 and a net loss of SAR 50.76 million in H1 2025.

Total shareholders’ equity, with no minority interest, reached SAR 137.58 million as of Dec. 31, 2025, down from SAR 220.18 million a year earlier.

Accumulated losses reached SAR 12.64 million at the end of the period, representing 15.6% of capital.

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