TAQAT Mineral Trading Co. reported a net loss of SAR 2.9 million in H1 2025, compared to a net loss of SAR 4.3 million a year earlier.
Item | H1 2024 | H1 2025 | Change |
---|---|---|---|
Revenues | 84.87 | 132.96 | 56.7 % |
Gross Income | 1.14 | 3.06 | 168.7 % |
Operating Income | (3.61) | (1.18) | 67.2 % |
Net Income | (4.33) | (2.93) | 32.3 % |
Average Shares | 12.19 | 12.19 | - |
Earnings Per Share before unusual items (Riyal) | (0.35) | (0.24) | 32.3 % |
EPS (Riyal) | (0.35) | (0.24) | 32.3 % |
Item | H2 2024 | H1 2025 | Change |
---|---|---|---|
Revenues | 151.54 | 132.96 | (12.3 %) |
Gross Income | (0.02) | 3.06 | 17100.0 % |
Operating Income | (3.06) | (1.18) | 61.3 % |
Net Income | (3.29) | (2.93) | 11.0 % |
Average Shares | 12.19 | 12.19 | - |
Earnings Per Share before unusual items (Riyal) | (0.27) | (0.24) | 11.0 % |
EPS (Riyal) | (0.27) | (0.24) | 11.0 % |
The decrease in losses was mainly attributed to higher sales volumes and gross profit compared to the same period last year.
In addition, operating, general and administrative, selling and marketing expenses, as well as financing costs, declined compared to the year ago period.
On a semi-annual basis, net loss shrank from SAR 3.29 million in H2 2024.
Total shareholders’ equity, no minority interest, stood at SAR 116.95 million by June 30, 2025, compared to SAR 123.91 million a year earlier.
Accumulated losses by June 30, 2025, reached SAR 22.98 million, accounting for 18.86% of capital.
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