Financial Results : Ash-Sharqiyah Development loses SAR 8.3M in 2025, SAR 2.5M in Q4

Ash-Sharqiyah Development loses SAR 8.3M in 2025, SAR 2.5M in Q4

30/03/2026 Argaam Exclusive

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Ash-Sharqiyah Development Co. widened net losses to SAR 8.3 million in 2025, from SAR 4.2 million a year earlier.


Financials (M)

Item 2024 2025 Change‬
Revenues 85.82 235.96 174.9 %
Gross Income 2.67 18.36 588.9 %
Operating Income (17.46) (11.69) 33.1 %
Net Income (4.17) (8.29) (99.1 %)
Average Shares 30.00 30.00 -
Earnings Per Share before unusual items (Riyals) (0.34) (0.28) 18.7 %
EPS (Riyal) (0.14) (0.28) (99.1 %)

The company cited higher depreciation at subsidiaries, as well as increased selling and distribution expenses in line with higher sales. Ash-Sharqiyah also reported higher finance costs and lower returns on time deposits.

 

On the other hand, revenue rose year-on-year (YoY), as subsidiary sales reflected a full 12-month contribution versus seven months in the prior year, when trial operations began mid-year.



Current Quarter Comparison (M)

Compared With The
Item Q4 2024 Q4 2025 Change‬
Revenues 34.29 54.52 59.0 %
Gross Income (1.30) 5.94 558.2 %
Operating Income (10.74) (2.15) 80.0 %
Net Income (12.95) (2.46) 81.0 %
Average Shares 30.00 30.00 -
Earnings Per Share before unusual items (Riyal) (0.43) (0.08) 81.0 %
EPS (Riyal) (0.43) (0.08) 81.0 %

In Q4 2025, the company narrowed net losses to SAR 2.5 million from SAR 12.9 million in the year-earlier period.

 

However, losses increased from SAR 500,000 in Q3 2025.

 

Shareholders’ equity – no minority interest, decreased to SAR 350.44 million as of Dec. 31, 2025, from SAR 358.29 million a year earlier.

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