JAZADCO reports SAR 12.2M profits in 9M 2025; SAR 14.2M losses at Q3

10/11/2025 Argaam Exclusive

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Jazan Development and Investment Co. (JAZADCO) turned to a net profit of SAR 12.2 million in the first nine months of 2025, compared with a net loss of SAR 139.2 million in the same period last year.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 63.06 89.77 42.4 %
Gross Income (36.47) 35.94 198.5 %
Operating Income (55.98) 18.34 132.8 %
Net Income (139.22) 12.15 108.7 %
Average Shares 50.00 50.00 -
Earnings Per Share before unusual items (Riyals) (1.31) 0.26 120.2 %
EPS (Riyal) (2.78) 0.24 108.7 %

The company attributed the improvement to higher revenues, supported by increased shrimp production, improved operational efficiency, and stronger domestic demand for shrimp products.

 

This was further supported by gains from the revaluation of biological assets at fair value, which reached SAR 6.6 million in 9M 2025, compared with losses of SAR 32.1 million a year earlier, in addition to higher average selling prices in both local and export markets.

 

Additionally, JAZADCO recorded a zakat provision reversal of SAR 8.8 million following the settlement of previous obligations related to the periods from 2006 to 2023 (excluding 2018).



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 22.40 17.98 (19.7 %)
Gross Income 0.07 3.25 4411.1 %
Operating Income (7.21) (1.05) 85.4 %
Net Income (18.85) (14.22) 24.5 %
Average Shares 50.00 50.00 -
Earnings Per Share before unusual items (Riyal) (0.24) (0.06) 74.1 %
EPS (Riyal) (0.38) (0.28) 24.5 %

In Q3 2025, the company reduced its net loss by 24.5% to SAR 14.22 million, compared with SAR 18.85 million in Q3 2024.

 

Sequentially, the company turned to losses compared to profits of SAR 16.72 million in Q2 2025.

 

Shareholders’ equity, after minority interest, reached SAR 322.16 million by Sept. 30, 2025, compared to SAR 330.14 million in the prior-year period.

 

Accumulated losses stood at SAR 121.85 million by the end of the nine-month period, accounting for 24% of the company’s capital.

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Share Price

Jazan Development and Investment Co.
10.03
0.04 0.40 %

Jazan Development and Investment Co. (JAZADCO)

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Financial Ratios
Current
Market Cap (M Riyal) 501.50
Enterprise Value (EV) (M Riyal) 531.26
Shares Outstanding ((M)) 50.00
EPS ( Riyal) (TTM) (0.04)
Book Value (BV) ( Riyal) 6.44
Par Value ( Riyal) 10.00
Recurring P/E Neg
P/E (TTM) NEG
Price/book 1.56
Return on Average Assets (%) (TTM) (0.35 )
Return on Average Equity (%) (TTM) (0.59 )
EV/adj EBITDA -
EV/Revenues 5.04
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