Financial Results : Naseej incurs SAR 34M loss in 2025, SAR 25.3M in Q4

Naseej incurs SAR 34M loss in 2025, SAR 25.3M in Q4

30/03/2026 Argaam Exclusive

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Naseej International Trading Co. narrowed 2025 net losses to SAR 34 million, from SAR 42.6 million a year earlier.



Financials (M)

Item 2024 2025 Change‬
Revenues 196.76 72.02 (63.4 %)
Gross Income 17.74 (9.75) (155.0 %)
Operating Income (22.49) (20.46) 9.0 %
Net Income (42.59) (34.01) 20.1 %
Average Shares 10.90 10.90 -
Earnings Per Share before unusual items (Riyals) (3.66) (1.07) 70.9 %
EPS (Riyal) (3.91) (3.12) 20.1 %

The company ascribed the lower losses to the recognition of non-recurring capital gains resulting from the sale of one of the company’s unused assets (a building). This improvement also reflects the company’s success in reducing operating and administrative expenses.

 

This comes despite the company recognizing an expected credit loss (ECL) provision of SAR 4 million, in accordance with the requirements of IFRS 9.

 

In Q4 2025, the company’s losses widened by 37.6% to SAR 25.35 million, versus SAR 18.42 million a year earlier.

 

Sequentially, the three-month losses also deepened 55.1% from SAR 16.34 million in Q3 2025.



Current Quarter Comparison (M)

Compared With The
Item Q4 2024 Q4 2025 Change‬
Revenues 38.31 8.70 (77.3 %)
Gross Income (0.73) (8.76) (1,094.0 %)
Operating Income (11.39) (19.29) (69.4 %)
Net Income (18.42) (25.35) (37.6 %)
Average Shares 10.90 10.90 -
Earnings Per Share before unusual items (Riyal) (1.44) 1.79 223.7 %
EPS (Riyal) (1.69) (2.33) (37.6 %)

Total shareholders’ equity, no minority interest, fell to SAR 15.01 million by the end of 2025, compared to SAR 47.93 million a year earlier.

 

Naseej’s accumulated losses amounted to SAR 93.96 million as of Dec. 31, 2025, representing 86.23% of its capital.

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