Financial Results : SACO turns to profit of SAR 10.2M in H1 2025; earns SAR 5.1M in Q2

SACO turns to profit of SAR 10.2M in H1 2025; earns SAR 5.1M in Q2

10/08/2025 Argaam Exclusive

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Saudi Company for Hardware (SACO) reported a net profit of SAR 10.2 million in H1 2025, versus a net loss of SAR 8.5 million in the prior-year period.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 469.11 514.69 9.7 %
Gross Income 64.73 79.02 22.1 %
Operating Income (5.02) 12.27 344.6 %
Net Income (8.53) 10.15 219.0 %
Average Shares 36.00 36.00 -
Earnings Per Share before unusual items (Riyals) (0.24) 0.28 219.0 %
EPS (Riyal) (0.24) 0.28 219.0 %

The turnaround was spurred by an increase in sales, gross profit and other income, in addition to lower administrative and general expenses.

 

SACO also cited the addition of new and diverse departments, product categories, and high-quality, competitive services, effectively meeting consumer needs. The growth was also driven by the notable and continuous improvement in the performance of the company’s other business divisions, particularly the e-commerce platform and the logistics services.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 236.52 253.37 7.1 %
Gross Income 30.86 40.76 32.1 %
Operating Income (4.24) 4.18 198.6 %
Net Income (3.98) 5.08 227.6 %
Average Shares 36.00 36.00 -
Earnings Per Share before unusual items (Riyal) (0.11) 0.14 227.6 %
EPS (Riyal) (0.11) 0.14 227.6 %

Q2 2025 net profit stood at SAR 5.1 million, against a net loss of SAR 3.98 million in Q2 2024.

 

On a sequential basis, net profit grew marginally from SAR 5.07 million in Q1 2025.

 

Shareholders’ equity, no minority interest, reached SAR 336.23 million by June 30, 2025, compared to SAR 331.85 million a year ago.

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