Sinad net loss reaches SAR 6.1M in 9M 2025; Q3 at 300,000

Sinad Holding Co. reported a net loss of SAR 6.1 million for 9M 2025, narrowing from SAR 11.8 million in the year-earlier period.

The improvement was primarily driven by lower general and administrative expenses, higher other operating income, reduced currency exchange losses, and softer Zakat and income tax expenses.

This came despite lower sales for 9M 2025, mainly due to the impact of currency depreciation on one of its subsidiaries in Egypt, albeit sales in Egyptian pounds remained stable.

In Q3 2025, the company posted a loss of SAR 300,000, compared to a profit of SAR 1.3 million in the same quarter last year.

This reflected lower operating profit from reduced gross profit on sales and a net loss from investments in Q3 2025, versus a net gain in the prior-year quarter, along with higher selling and distribution expenses.

These drawbacks, however, were partially offset by higher consolidated sales due to strengthened distribution channels.

Sequentially, the three-month losses shrank from SAR 3 million in Q2 2025, supported by higher consolidated sales, alongside lower currency exchange and financing costs.

Shareholders’ equity, after minority interest, reached SAR 1.18 billion by Sept. 30, 2025, slightly up from SAR 1.07 billion in the prior-year period.

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