Naseej International Trading Co. narrowed its net losses to SAR 8.7 million for the first nine months of 2025, down from SAR 24.2 million in the same period a year earlier.
| Item | 9m 2024 | 9m 2025 | Change | 
|---|---|---|---|
| Revenues | 158.44 | 63.32 | (60.0 %) | 
| Gross Income | 18.47 | (0.99) | (105.3 %) | 
| Operating Income | (11.10) | (1.17) | 89.5 % | 
| Net Income | (24.18) | (8.67) | 64.2 % | 
| Average Shares | 10.90 | 10.90 | - | 
| Earnings Per Share before unusual items (Riyals) | (2.22) | (2.72) | (22.5 %) | 
| EPS (Riyal) | (2.22) | (0.80) | 64.2 % | 
The improvement was mainly driven by lower operating expenses and gains from the sale of a building, which the company said will not affect its operational activities.
However, sales declined year-on-year during the nine-month period due to lower production volumes.
| Item | Q3 2024 | Q3 2025 | Change | 
|---|---|---|---|
| Revenues | 43.25 | 17.70 | (59.1 %) | 
| Gross Income | 3.21 | (7.41) | (330.7 %) | 
| Operating Income | (5.41) | (13.85) | (156.1 %) | 
| Net Income | (9.78) | (16.34) | (67.1 %) | 
| Average Shares | 10.90 | 10.90 | - | 
| Earnings Per Share before unusual items (Riyal) | (0.90) | (1.50) | (67.1 %) | 
| EPS (Riyal) | (0.90) | (1.50) | (67.1 %) | 
| Item | Q2 2025 | Q3 2025 | Change | 
|---|---|---|---|
| Revenues | 19.38 | 17.70 | (8.7 %) | 
| Gross Income | 4.95 | (7.41) | (249.8 %) | 
| Operating Income | 18.82 | (13.85) | (173.6 %) | 
| Net Income | 16.32 | (16.34) | (200.1 %) | 
| Average Shares | 10.90 | 10.90 | - | 
| Earnings Per Share before unusual items (Riyal) | (0.43) | (1.50) | (246.7 %) | 
| EPS (Riyal) | 1.50 | (1.50) | (200.1 %) | 
Naseej International’s net loss for Q3 2025 reached SAR 16.3 million, compared to SAR 9.78 million in Q3 2024.
Sequentially, the company swung to a net loss from SAR 16.32 million net profit in Q2 2025.
Shareholders’ equity, no minority interest, shrank to SAR 39.26 million, compared to SAR 65.97 million in the same period a year earlier.
Accumulated losses reached SAR 69.71 million, or 63.97% of capital, by the end of September 2025.
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