Financial Results : SAL Q1 2025 net profit slumps 27% to SAR 153.1M

SAL Q1 2025 net profit slumps 27% to SAR 153.1M

14/05/2025 Argaam Exclusive

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SAL Saudi Logistics Services Co. reported a net profit of SAR 153.1 million in Q1 2025, a decline of 27% compared to SAR 208.4 million in Q1 2024, on lower cargo revenue, decreased cargo volumes and change in product mix.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 452.53 384.06 (15.1 %)
Gross Income 260.98 214.15 (17.9 %)
Operating Income 227.35 153.94 (32.3 %)
Net Income 208.45 153.09 (26.6 %)
Average Shares 80.00 80.00 -
Earnings Per Share before unusual items (Riyal) 2.61 1.91 (26.6 %)
EPS (Riyal) 2.61 1.91 (26.6 %)

The company also cited increased provisions for expected credit losses in the logistics division.

 

On a sequential basis, net profit grew 7.8% from SAR 142.03 million in Q4 2024.

 

Total shareholders’ equity, no minority interest, stood at SAR 1.44 billion as of March 31, 2025, compared to SAR 1.32 billion a year earlier.

 

Attached Documents

 

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