Financial Results : SVCP posts SAR 9.6M loss in 9M 2025, earns SAR 10.7M in Q3 on one-off gains

SVCP posts SAR 9.6M loss in 9M 2025, earns SAR 10.7M in Q3 on one-off gains

11/11/2025 Argaam Exclusive

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Saudi Vitrified Clay Pipes Co. (SVCP) trimmed net losses to SAR 9.6 million in the first nine months of 2025, from SAR 73.9 million in the prior-year period.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 40.98 44.59 8.8 %
Gross Income (11.58) (8.66) 25.2 %
Operating Income (23.82) (29.20) (22.6 %)
Net Income (73.92) (9.55) 87.1 %
Average Shares 15.00 15.00 -
Earnings Per Share before unusual items (Riyals) (1.68) (2.09) (24.3 %)
EPS (Riyal) (4.93) (0.64) 87.1 %

The lower losses were driven by a year-on-year (YoY) rise in revenue, thanks to improved cement sales in SVCP’s subsidiary.

 

The company also incurred zero losses from depreciation of plant, property and equipment.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 16.49 16.75 1.6 %
Gross Income (3.84) (3.20) 16.7 %
Operating Income (7.30) (10.40) (42.5 %)
Net Income (56.34) 10.66 118.9 %
Average Shares 15.00 15.00 -
Earnings Per Share before unusual items (Riyal) (0.51) (0.74) (45.7 %)
EPS (Riyal) (3.76) 0.71 118.9 %

In Q3 2025, SVCP turned to a net profit of SAR 10.7 million, against net losses of SAR 56.3 million in Q3 2024 and SAR 11.46 million in Q2 2025, owing to elevated other income.

 

Total shareholders’ equity, no minority interest, declined to SAR 92.48 million as of Sept. 30, 2025, from SAR 132.5 million a year earlier.

 

Accumulated losses stood at SAR 57.5 million, or 38% of the company’s capital, by the end of the nine-month period.

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