Financial Results : Riyal’s H1 2025 profit drops 45% to SAR 5.5M

Riyal’s H1 2025 profit drops 45% to SAR 5.5M

13/08/2025 Argaam Exclusive

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Riyal Investment and Development Co.’s net profit tumbled 45% to SAR 5.5 million in the first half of 2025, compared to SAR 9.9 million in the year-earlier period.



Current Half Annual Comparison (M)

Compared With The
Item H1 2024 H1 2025 Change‬
Revenues 68.89 73.79 7.1 %
Gross Income 26.00 21.37 (17.8 %)
Operating Income 18.59 12.90 (30.6 %)
Net Income 9.86 5.47 (44.5 %)
Average Shares 8.00 8.00 -
Earnings Per Share before unusual items (Riyal) 1.23 0.68 (44.5 %)
EPS (Riyal) 1.23 0.68 (44.5 %)

The company attributed the profit decline to a SAR 900,000 loss on sales of returned used vehicles before contract expiry in H1 2025, versus a SAR 1 million profit a year ago.

 

In addition, depreciation expenses rose 9% year-on-year (YoY), salaries and wages increased 29% YoY, and insurance costs climbed 16% YoY. However, revenue growth lagged behind the rise in expenses.

 

On the other hand, sales grew 7.1% YoY, driven mainly by a 30% increase in used car sales from vehicles whose contracts had ended, as well as a 1% rise in rental revenue supported by contract renewals and selective fleet expansion.

 

Total shareholders’ equity, no minority interest, increased to SAR 169.09 million as of June 30, 2025, from SAR 161.53 million in the year-earlier period.

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