Saudi Industrial Export Co. (Sadirat) slashed its net loss to SAR 6.1 million in H1 2025, from SAR 9.1 million in the year-ago period.
Item | 6m 2024 | 6m 2025 | Change |
---|---|---|---|
Operating Income | (14.61) | (6.99) | 52.1 % |
Net Income | (9.09) | (6.08) | 33.1 % |
Average Shares | 194.40 | 194.40 | - |
Earnings Per Share before unusual items (Riyals) | (0.05) | (0.03) | 33.1 % |
EPS (Riyal) | (0.05) | (0.03) | 33.1 % |
The six-month positive performance was attributed to a 23% annual decrease in general & administrative expenses, higher bank returns and income from investments carried at amortized cost, and a narrower provision for expected credit losses.
This came despite the year-on-year (YoY) pullback in H1 2025 revenues, given the reallocation of commercial activities, an increased focus on investment-focused operations, and the ongoing implementation of the company’s updated strategy.
Item | Q2 2024 | Q2 2025 | Change |
---|---|---|---|
Operating Income | (8.95) | (3.21) | 64.1 % |
Net Income | (9.62) | (5.10) | 47.0 % |
Average Shares | 194.40 | 194.40 | - |
Earnings Per Share before unusual items (Riyal) | (0.05) | (0.03) | 47.0 % |
EPS (Riyal) | (0.05) | (0.03) | 47.0 % |
Item | Q1 2025 | Q2 2025 | Change |
---|---|---|---|
Operating Income | (3.78) | (3.21) | 15.0 % |
Net Income | (0.98) | (5.10) | (420.1 %) |
Average Shares | 194.40 | 194.40 | - |
Earnings Per Share before unusual items (Riyal) | (0.01) | (0.03) | (420.1 %) |
EPS (Riyal) | (0.01) | (0.03) | (420.1 %) |
In Q2 2025, net losses amounted to SAR 5.1 million, down from SAR 9.62 million in the year before.
On the other hand, the Saudi-listed company widened its three-month net loss from SAR 981,000 in Q1 2025.
Sadirat posted no revenues in the first and second quarters of 2025 as a result of the redistribution of its commercial activities.
Total shareholders’ equity, no minority interest, contracted to SAR 118.86 million as of June 30, 2025, compared to SAR 135.36 million a year earlier.
Accumulated losses reached SAR 76.1 million by the end of H1 2025, representing 39.2% of capital.
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