Financial Results : Molan Steel widens losses to SAR 2.8M in H1 2025

Molan Steel widens losses to SAR 2.8M in H1 2025

01/09/2025 Argaam Exclusive

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Molan Steel Co. widened net losses to SAR 2.8 million in the first half of 2025, from SAR 2.5 million a year earlier.



Current Half Annual Comparison (M)

Compared With The
Item H1 2024 H1 2025 Change‬
Revenues 39.82 33.25 (16.5 %)
Net Income (2.50) (2.81) (12.7 %)
Average Shares 26.60 26.60 -
Earnings Per Share before unusual items (Riyal) (0.09) (0.11) (12.7 %)
EPS (Riyal) (0.09) (0.11) (12.7 %)

Losses increased due to a sales decline of SAR 6.57 million, or 16.49%, driven by the redirection of liquidity to the industrial segment, which the company aims to expand in the coming period and expects to support future profitability, as well as lower sales in the commercial segment.

 

On a biannual basis, Molan narrowed losses from SAR 4.58 million in H2 2024.

 

Total shareholders’ equity, with no minority interest, contracted to SAR 20.19 million by the end of the six-month period, compared to SAR 27.58 million a year earlier.

 

Accumulated losses amounted to SAR 7.39 million, representing 27.79% of the company’s capital.

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