JAZADCO reports SAR 2.9M profits in 2025; SAR 9.3M losses at Q4

31/03/2026 Argaam Exclusive

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Jazan Development and Investment Co. (JAZADCO) turned to a net profit of SAR 2.9 million in 2025, compared with a net loss of SAR 153.3 million in the same period last year.



Financials (M)

Item 2024 2025 Change‬
Revenues 78.70 107.85 37.0 %
Gross Income (32.28) 36.98 214.6 %
Operating Income (63.01) 4.72 107.5 %
Net Income (153.28) 2.90 101.9 %
Average Shares 50.00 50.00 -
Earnings Per Share before unusual items (Riyals) (1.59) 0.08 105.0 %
EPS (Riyal) (3.07) 0.06 101.9 %

The company attributed achieving profitability to higher revenues driven by improved shrimp production efficiency, increased market demand, enhanced local distribution channels, and expansion into new export markets.

 

This resulted in a 49.5% year-on-year (YoY) increase in total shrimp sales and overall revenues rising by 37% YoY to SAR 107.8 million in 2025 from SAR 78.7 million.

 

Additional factors included the recovery of shrimp production following early 2024 losses, gains of SAR 25.6 million from the fair value revaluation of key assets, and higher average selling prices in both local and export markets.

 

Finally, the reversal of Zakat provisions of SAR 9.1 million after settling historical liabilities from 2006 to 2023 also contributed to the overall profit.

 

In Q4 2025, the company reduced its net loss by 88.6% to SAR 9.25 million, compared with SAR 81 million in Q4 2024.

 

Sequentially, the company reduced losses by 35% compared to losses of SAR 14.22 million in Q3 2025.



Current Quarter Comparison (M)

Compared With The
Item Q4 2024 Q4 2025 Change‬
Revenues 15.65 18.08 15.6 %
Gross Income 4.19 1.05 (75.0 %)
Operating Income (7.03) (13.62) (93.8 %)
Net Income (81.00) (9.25) 88.6 %
Average Shares 50.00 50.00 -
Earnings Per Share before unusual items (Riyal) (1.62) (0.19) 88.6 %
EPS (Riyal) (1.62) (0.19) 88.6 %

Shareholders’ equity, after minority interest, reached SAR 309.73 million by Dec. 31, 2025, compared to SAR 309.63 million in the prior-year period.

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Share Price

Jazan Development and Investment Co.
8.84
0.01 0.11 %

Jazan Development and Investment Co. (JAZADCO)

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Financial Ratios
Current
Market Cap (M Riyal) 442.00
Enterprise Value (EV) (M Riyal) 465.99
Shares Outstanding ((M)) 50.00
EPS ( Riyal) (TTM) 0.06
Book Value (BV) ( Riyal) 6.19
Par Value ( Riyal) 10.00
Recurring P/E More than 100
P/E (TTM) More than 100
Price/book 1.43
Return on Average Assets (%) (TTM) 0.5
Return on Average Equity (%) (TTM) 0.9
EV/adj EBITDA -
EV/Revenues 4.32
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