SISCO turns to SAR 61.7M profit in 9M 2025, SAR 16.9M in Q3

Sustained Infrastructure Holding Co. (SISCO Holding) swung to a net profit of SAR 61.7 million in the first nine months of 2025, against a net loss of SAR 20.1 million a year earlier.

The improvement was driven by a 12.8% year-on-year (YoY) rise in revenue, mainly from stronger performance in the ports segment, supported by higher import cargo and consignee revenues, along with contributions from Multi-Purpose Terminal Co. (MPT).

Income from equity-accounted associates also increased. The prior-year period included one-off provisions related to cost overruns in three EPC projects totaling SAR 34 million at Tawzea, and a one-off SAR 12 million loss at UAE-based Green Dome Investments (GDI).

Zakat expenses declined by SAR 28.1 million, as last year included a one-time Zakat charge of SAR 25 million.

In Q3, SISCO posted net earnings of SAR 16.9 million, versus net losses of SAR 9.4 million in the third quarter of 2024, thanks to an 11.5% rise YoY in revenue.

However, net earnings declined by 15.1% quarter-on-quarter (QoQ) from SAR 19.9 million. The company incurred pre-operating expenses, in addition to direct and indirect costs associated with MPT.

Handled cargo volumes declined for both import and export operations within the ports segment. Similarly, income from equity-accounted associates decreased.

Total shareholders’ equity, after minority interest, increased to SAR 1.46 million as of Sept. 30, 2025, from SAR 1.45 billion a year earlier.

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