Financial Results : SIDC loses SAR 25.8M in 9M 2025, SAR 8.1M in Q3

SIDC loses SAR 25.8M in 9M 2025, SAR 8.1M in Q3

26/10/2025 Argaam Exclusive

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Saudi Industrial Development Co. (SIDC) reported a net loss of SAR 25.8 million for the first nine months of 2025, versus SAR 20.1 million in the year-earlier period.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 99.57 76.28 (23.4 %)
Gross Income 21.76 11.81 (45.7 %)
Operating Income (20.65) (24.30) (17.7 %)
Net Income (20.07) (25.79) (28.5 %)
Average Shares 13.50 13.50 -
Earnings Per Share before unusual items (Riyals) (1.49) (1.91) (28.5 %)
EPS (Riyal) (1.49) (1.91) (28.5 %)

Th increased losses came amid lower revenues for the nine-month period. This was due to a decline in sales of the mattress and foam segment.

 

In Q3 2025, however, SIDC narrowed its net loss to SAR 8.1 million, compared to SAR 11.43 million a year ago on higher operating profit.

 

On a sequential basis, the three-month net loss also shrank from SAR 8.30 million in Q2 2025.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 27.59 24.05 (12.8 %)
Gross Income 5.76 3.86 (33.0 %)
Operating Income (9.49) (7.75) 18.4 %
Net Income (11.43) (8.05) 29.6 %
Average Shares 13.50 13.50 -
Earnings Per Share before unusual items (Riyal) (0.85) (0.60) 29.6 %
EPS (Riyal) (0.85) (0.60) 29.6 %

Total shareholders’ equity (after minority interest) stood at SAR 47.07 million by Sept. 30, 2025, down from SAR 72.31 million a year earlier.

 

Accumulated losses reached SAR 35.97 million, accounting for 26.64% of capital, by Sept. 30, 2025.

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