Financial Results : Sadirat swings to SAR 981,000 loss in Q1 2025

Sadirat swings to SAR 981,000 loss in Q1 2025

04/05/2025 Argaam Exclusive

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Saudi Industrial Export Co. (Sadirat) reported losses of SAR 981,000 in Q1 2025, versus a net profit of SAR 531,000 in the year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Operating Income (5.66) (3.78) 33.2 %
Net Income 0.53 (0.98) (284.6 %)
Average Shares 194.40 194.40 -
Earnings Per Share before unusual items (Riyal) 0.00 (0.01) (284.6 %)
EPS (Riyal) 0.00 (0.01) (284.6 %)

The loss was primarily due to the absence of revenue during the current quarter, unlike the year-ago period. This was a result of the redistribution of commercial activities, a strategic shift toward investment-focused operations, and the company’s ongoing implementation of its updated strategy.

 

Additionally, there was a decline in both realized and unrealized gains from measuring investments at fair value.

 

On the other hand, general and administrative expenses decreased during the quarter.

 

On a quarter-on-quarter (QoQ) basis, the company reduced its loss by 86.3% from SAR 7.16 million in Q4 2024.

 

Shareholders’ equity, no minority interest, reached SAR 123.96 million by the end of the current quarter from SAR 144.98 million in the year-earlier period.

 

As of March 31, 2025, accumulated losses amounted to SAR 71 million, representing 36.52% of Sadirat's capital.

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