SAL H1 2025 profit drops 13% to SAR 315.3M; Q2 at SAR 162.2M

07/08/2025 Argaam Exclusive

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SAL Saudi Logistics Services Co. posted a 13% decline in the H1 2025 net profit to SAR 315.3 million, from SAR 363.9 million in the corresponding period last year.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 858.01 778.03 (9.3 %)
Gross Income 483.41 438.15 (9.4 %)
Operating Income 394.52 325.43 (17.5 %)
Net Income 363.90 315.34 (13.3 %)
Average Shares 80.00 80.00 -
Earnings Per Share before unusual items (Riyals) 4.55 3.94 (13.3 %)
EPS (Riyal) 4.55 3.94 (13.3 %)

SAL revenues for the current period amounted to SAR 778 million, marking a 9% decrease compared to SAR 858 million for the same period last year. This decline is mainly driven by lower logistics division revenue due to scheduling discrepancies in project activity, as the company continued to focus on strengthening its core capabilities and laying the foundation for sustainable long-term growth in this division.

 

The handling division's revenue also contributed to the top-line decline, as it decreased year-on-year (YoY). This was due to handling levels normalization after hitting an exceptional high-volume base in Q1 2024, which was caused by supply chain disruptions in the Red Sea.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 405.48 393.97 (2.8 %)
Gross Income 222.43 224.00 0.7 %
Operating Income 167.17 171.50 2.6 %
Net Income 155.45 162.24 4.4 %
Average Shares 80.00 80.00 -
Earnings Per Share before unusual items (Riyal) 1.94 2.03 4.4 %
EPS (Riyal) 1.94 2.03 4.4 %

In Q2 2025, net profit rose 4% YoY to SAR 162.2 million from SAR 155.45 million as operating income rose 3% YoY to SAR 172.4 million.

 

On a sequential basis, net profit grew 6% from SAR 153.09 million in Q1 2025.

 

Total shareholders’ equity, no minority interest, stood at SAR 1.49 billion by the end of H1 2025, compared to SAR 1.33 billion in the year-earlier period.

 

Attached Document:

 

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Share Price

SAL Saudi Logistics Services Co.
183.30
(1.70) (0.92 %)

SAL Saudi Logistics Services Co. (SAL)

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Financial Ratios
Current
Market Cap (M Riyal) 14,664.01
Enterprise Value (EV) (M Riyal) 13,798.95
Shares Outstanding ((M)) 80.00
EPS ( Riyal) (TTM) 7.66
Book Value (BV) ( Riyal) 18.71
Par Value ( Riyal) 10.00
Recurring P/E 23.93
P/E (TTM) 23.93
Price/book 9.80
Return on Average Assets (%) (TTM) 18.9
Return on Average Equity (%) (TTM) 43.3
EV/adj EBITDA 18.91
EV/Revenues 8.88
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