Financial Results : Dar Almarkabah widens loss to SAR 5.4M in H1 2025

Dar Almarkabah widens loss to SAR 5.4M in H1 2025

31/08/2025 Argaam Exclusive

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Dar Almarkabah for Renting Cars Co. widened its loss to SAR 5.4 million in H1 2025 from SAR 74,000 in the year-earlier period.



Current Half Annual Comparison (M)

Compared With The
Item H1 2024 H1 2025 Change‬
Revenues 35.44 26.15 (26.2 %)
Net Income (0.07) (5.37) (7,168.7 %)
Average Shares 50.00 50.00 -
Earnings Per Share before unusual items (Halala) (0.15) (10.74) (7,168.7 %)
EPS (Halala) (0.15) (10.74) (7,168.7 %)

The increase in losses was mainly due to a decline in sales of SAR 9.2 million, primarily driven by lower revenues from government contracts.

 

This resulted from the expiration of several contracts without renewal and delays in issuing new tenders by some entities.

 

Additionally, rising competition from new entrants offering lower prices in the car rental sector further pressured revenues.

 

The expired contracts had higher profit margins compared to the remaining ones.

 

Furthermore, the shift in contract mix — from long-term government contracts to shorter-term or commercial ones with lower margins — negatively impacted overall profitability.

 

On a semi-annual basis, the company turned to a loss compared to a net profit of SAR 0.37 million in H2 2024.

 

Total shareholders’ equity, no minority interest, reached SAR 36.55 million by June 30, 2025, compared to SAR 40.73 million in the prior-year period.

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