Financial Results : Naseej posts SAR 8.6M loss in Q1 2025

Naseej posts SAR 8.6M loss in Q1 2025

11/05/2025 Argaam Exclusive

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Naseej International Trading Co. incurred a net loss of SAR 8.6 million in Q1 2025, against a net profit of SAR 111,000 in the year-earlier period.
 


Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 63.82 26.25 (58.9 %)
Gross Income 11.77 1.48 (87.5 %)
Operating Income 2.95 (6.49) (320.1 %)
Net Income 0.11 (8.64) (7886.5 %)
Average Shares 10.90 10.90 -
Earnings Per Share before unusual items (Riyals) 0.01 (0.79) (7886.5 %)
EPS (Riyals) 0.01 (0.79) (7886.5 %)

The losses were attributed to a decline in the first-quarter sales due to lower sales volumes amid decreased cash liquidity for the three-month period.

 

Net losses narrowed by 53.1% from SAR 18.42 million in Q4 2024, thanks to lower operating expenses. Meanwhile, the Q1 2025 sales were hurt by a sequential drop in sales volumes.

 
Total shareholders’ equity, no minority interest, tumbled to SAR 39.3 million as of Q1 2025, compared to SAR 90.3 million a year earlier.
 
Accumulated losses reached SAR 69.69 million as of March 31, 2025, accounting for 63.95% of the company’s capital.

 

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