Financial Results : SASCO makes SAR 42.4M profit in 9M 2025, SAR 8.4M in Q3

SASCO makes SAR 42.4M profit in 9M 2025, SAR 8.4M in Q3

22/10/2025 Argaam Exclusive

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Saudi Automotive Services Co. (SASCO) generated a net profit of SAR 42.4 million in the first nine months of 2025, up 24.5% from SAR 34.1 million in the prior-year period.
 


Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 7,581.78 8,700.23 14.8 %
Gross Income 233.54 220.48 (5.6 %)
Operating Income 139.45 135.30 (3.0 %)
Net Income 34.07 42.40 24.5 %
Average Shares 70.00 70.00 -
Earnings Per Share before unusual items (Riyals) 0.49 0.25 (47.9 %)
EPS (Riyal) 0.49 0.61 24.5 %

The profit growth was fueled by higher sales due to an increase in the number of stations, growth in sales from SASCO Palm and the transportation sector, in addition to an increase in the selling price of diesel products.

 

The company also cited a decrease in general and administrative expenses, a reduction in the provision for credit losses, and an increase in the fair value of investment properties, other income, and dividends received from investments. Additionally, there was an increase in the fair value of financial assets held and a decrease in Zakat expenses.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 2,642.10 3,065.08 16.0 %
Gross Income 80.50 69.47 (13.7 %)
Operating Income 48.20 43.24 (10.3 %)
Net Income 11.21 8.41 (24.9 %)
Average Shares 70.00 70.00 -
Earnings Per Share before unusual items (Riyal) 0.16 0.12 (24.9 %)
EPS (Riyal) 0.16 0.12 (24.9 %)

This was despite an increase in the cost of sales as well as selling and marketing expenses, higher financing expenses and a decrease in financing income.

 

The third-quarter bottom line dropped 25% to SAR 8.4 million, compared with SAR 11.21 million a year earlier, mainly due to higher cost of sales, provision for credit losses and financing costs.

 

Sequentially, Q3 bottom line fell 71.7% from SAR 29.70 million in Q2 2025.

Shareholders' equity, after minority interest, stood at SAR 893.92 million at the end of the current period, compared with SAR 808.31 million a year before.

 

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