Cenomi Retail loses SAR 210M in 9M 2025, SAR 124.5M in Q3 

Fawaz Abdulaziz Alhokair Co. (Cenomi Retail) reported a net loss of SAR 210 million (after minority interest) for the first nine months of 2025, compared to SAR 53.2 million in the year-earlier period.

The company’s net loss before minority interest amounted to SAR 205.5 million during the nine-month period, compared to SAR 48.3 million in 9M 2024.

The company attributed these losses to a 1.4% year-on-year (YoY) decline in revenues from the food and beverage segment to SAR 247.3 million. However, online performance remained robust, with Subway up 260.5%, Cinnabon up 8.2%, and Subway’s like-for-like sales increasing 2.1%.

Moreover, selling, general & administrative expenses fell by 3%, reflecting continued efficiency gains from the cost optimization measures and improved operational efficiencies.

The company also saw a 70.7% YoY drop in other operating income, reaching SAR 75.4 million by the end of 9M 2025. This was primarily due to the absence of the SAR 211 million non-recurring capital gain recognized in 9M 2024 under the brand divestment program.

In Q3 2025, Cenomi Retail also swung to a net loss of SAR 124.5 million, against SAR 17.71 million in earnings for Q3 2024. On a sequential basis, the three-month net loss widened by 42.5% from SAR 87.36 million in Q2 2025.

Total shareholders’ equity (after minority interest) stood at SAR (1.20) billion by Sept. 30, 2025, compared to SAR (830.2) million a year earlier.

Accumulated losses reached SAR 1.817 billion by Sept. 30, 2025, making up 158.4% of capital.

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