Saudi Arabia Refineries Co. (SARCO) widened its net losses to SAR 60.2 million in 2025, compared to SAR 53.5 million in 2024.
| Item | 2024 | 2025 | Change |
|---|---|---|---|
| Operating Income | (46.00) | (54.23) | (17.9 %) |
| Net Income | (53.49) | (60.18) | (12.5 %) |
| Average Shares | 15.00 | 15.00 | - |
| Earnings Per Share before unusual items (Riyals) | (0.57) | (2.89) | (407.9 %) |
| EPS (Riyal) | (3.57) | (4.01) | (12.5 %) |
The losses expansion is attributed to an increase in unrealized losses resulting from the company’s investments in the stock market.
The company also reported a decrease in revenue from dividend distributions from its stock portfolio.
On the other hand, the losses were partially offset by a 169% hike in the company's share of profits from associate companies.
Q4 2025 net loss expanded to SAR 38.1 million, from SAR 36.48 million in Q4 2024.
Sequentially, SARCO turned to losses against a net profit of SAR 1.64 million in Q3 2025.
| Item | Q4 2024 | Q4 2025 | Change |
|---|---|---|---|
| Operating Income | (30.83) | (37.77) | (22.5 %) |
| Net Income | (36.48) | (38.10) | (4.4 %) |
| Average Shares | 15.00 | 15.00 | - |
| Earnings Per Share before unusual items (Riyal) | (0.70) | (2.54) | (261.5 %) |
| EPS (Riyal) | (2.43) | (2.54) | (4.4 %) |
| Item | Q3 2025 | Q4 2025 | Change |
|---|---|---|---|
| Operating Income | 3.44 | (37.77) | (1197.2 %) |
| Net Income | 1.64 | (38.10) | (2425.0 %) |
| Average Shares | 15.00 | 15.00 | - |
| Earnings Per Share before unusual items (Riyal) | (0.16) | (2.54) | (1,474.3 %) |
| EPS (Riyal) | 0.11 | (2.54) | (2425.0 %) |
Total shareholders’ equity, no minority interest, stood at SAR 283.31 million by Dec. 31, 2025, compared to SAR 343.46 million a year earlier.
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