Financial Results : SASCO H1 2025 profit rises 49% to SAR 34M; Q2 at SAR 29.7M

SASCO H1 2025 profit rises 49% to SAR 34M; Q2 at SAR 29.7M

22/07/2025 Argaam Exclusive

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Saudi Automotive Services Co.’s (SASCO) net profit jumped 49% to SAR 34 million in the first half of 2025, from SAR 22.9 million in the prior-year period.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 4,939.68 5,635.15 14.1 %
Gross Income 153.04 151.01 (1.3 %)
Operating Income 93.72 101.91 8.7 %
Net Income 22.86 33.98 48.7 %
Average Shares 70.00 70.00 -
Earnings Per Share before unusual items (Riyals) 0.33 0.49 48.7 %
EPS (Riyal) 0.33 0.49 48.7 %

The company attributed the profit growth to a higher number of service stations, strong sales from its SASCO Palm and transportation segments, and increased selling prices of diesel.

 

Additional factors included a rise in other income, dividends from investments, gains from changes in the fair value of financial assets held at fair value through profit and loss, and lower Zakat expenses.

 

However, SASCO noted a rise in general, selling, and marketing expenses, along with higher provisions for credit losses and financing costs.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 2,486.51 2,874.72 15.6 %
Gross Income 76.61 76.69 0.1 %
Operating Income 45.77 53.13 16.1 %
Net Income 12.85 29.70 131.2 %
Average Shares 70.00 70.00 -
Earnings Per Share before unusual items (Riyal) 0.18 0.42 131.2 %
EPS (Riyal) 0.18 0.42 131.2 %

In Q2 2025, net profit surged 131% to SAR 29.7 million from SAR 12.85 million in Q2 2024, mainly driven by higher revenues and gross income.

 

Compared to Q1 2025, SASCO’s net earnings soared 593.4% from SAR 4.28 million.

 

Shareholders’ equity, after minority interest, increased to SAR 883.3 million as of June 30, 2025, from SAR 814.1 million a year earlier.

 

Attached Document:

 

 

 

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