Financial Results : Naseej posts SAR 7.7M profit in H1 2025, SAR 16.3M in Q2 on property sale

Naseej posts SAR 7.7M profit in H1 2025, SAR 16.3M in Q2 on property sale

31/07/2025 Argaam Exclusive

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Naseej International Trading Co. turned to a net profit of SAR 7.7 million in H1 2025, from a net loss of SAR 14.4 million in the year-earlier period.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 115.19 45.63 (60.4 %)
Gross Income 15.26 6.42 (57.9 %)
Operating Income (3.89) (8.38) (115.5 %)
Net Income (14.40) 7.67 153.3 %
Average Shares 10.90 10.90 -
Earnings Per Share before unusual items (Riyals) (1.32) (1.23) 7.2 %
EPS (Riyal) (1.32) 0.70 153.3 %

The company generated gains from the sale of a property in the first half of 2025. The sale did not have any impact on operations.

 

On the other hand, Naseej’s sales declined during the six-month period on weaker production volumes.

 

In Q2 2025, Naseej generated net earnings of SAR 16.3 million, against a net loss of SAR 14.5 million in the year-earlier period, thanks to lower operating expenses. It also divested a property with no impact on operations.

 

Similarly, the company turned profitable from a net loss of SAR 8.6 million in Q1 2025.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 51.37 19.38 (62.3 %)
Gross Income 3.49 4.95 41.7 %
Operating Income (6.83) (1.89) 72.4 %
Net Income (14.51) 16.32 212.4 %
Average Shares 10.90 10.90 -
Earnings Per Share before unusual items (Riyal) (1.33) (0.43) 67.5 %
EPS (Riyal) (1.33) 1.50 212.4 %

Total shareholders’ equity, no minority interest, dropped to SAR 55.60 million as of June 30, 2025, from SAR 75.75 million a year earlier.

 

By the end of the first six months of 2025, accumulated losses amounted to SAR 53.37 million, representing 48.98% of capital.

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