Financial Results : Aqaseem profit drops 61% to SAR 1.9M in H1 2025

Aqaseem profit drops 61% to SAR 1.9M in H1 2025

26/08/2025 Argaam Exclusive

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Aqaseem Factory for Chemicals and Plastics Co. reported a 61% drop in H1 2025 net profit to SAR 1.9 million, compared to SAR 5 million a year earlier.



Current Half Annual Comparison (M)

Compared With The
Item H1 2024 H1 2025 Change‬
Revenues 93.48 56.25 (39.8 %)
Gross Income 22.17 14.29 (35.6 %)
Operating Income 7.54 3.41 (54.8 %)
Net Income 5.01 1.93 (61.5 %)
Average Shares 25.00 25.00 -
Earnings Per Share before unusual items (Riyal) 0.20 0.08 (61.5 %)
EPS (Riyal) 0.20 0.08 (61.5 %)

The company attributed the profit decline mainly to lower sales, driven by intense competition in the oil sector. The earnings were also hit by the company’s policy of prioritizing customer collections and temporarily suspending entry into new markets to reduce market debt.

 

Sequentially, net income rose by 152% to SAR 1.93 million, versus a loss of SAR 3.69 million in H2 2024.

 

Shareholders’ equity, no minority interest, fell to SAR 54.03 million by the end of H1 2025, compared to SAR 60.89 million a year earlier.

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