Financial Results : Neft Alsharq loses SAR 1.7M in 2025, earns SAR 177,000 in H2

Neft Alsharq loses SAR 1.7M in 2025, earns SAR 177,000 in H2

30/03/2026 Argaam Exclusive

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Neft Alsharq Co. reported a net loss of SAR 1.7 million in 2025, against earnings of SAR 2.6 million a year earlier.



Financials (M)

Item 2024 2025 Change‬
Revenues 62.77 73.81 17.6 %
Gross Income 11.63 12.82 10.3 %
Operating Income 3.82 (0.74) (119.5 %)
Net Income 2.63 (1.73) (165.8 %)
Average Shares 25.00 25.00 -
Earnings Per Share before unusual items (Riyals) 0.11 (0.07) (165.8 %)
EPS (Riyal) 0.11 (0.07) (165.8 %)

The company attributed the losses to higher capital and operating costs for service centers, alongside weak initial revenues. This is in addition to increased capital and operating costs in the retail segment through sales representatives amid intense market competition.

 

The firm also cited higher operating costs with stable selling prices, putting pressure on profit margins.



Current Half Annual Comparison (M)

Compared With The
Item H2 2024 H2 2025 Change‬
Revenues 39.32 38.16 (2.9 %)
Gross Income 7.34 7.82 6.5 %
Operating Income 3.33 0.62 (81.3 %)
Net Income 2.32 0.18 (92.4 %)
Average Shares 25.00 25.00 -
Earnings Per Share before unusual items (Riyal) 0.09 0.01 (92.4 %)
EPS (Riyal) 0.09 0.01 (92.4 %)

Meanwhile, revenues increased 18% as sales grew from SAR 62.7 million to SAR 73.8 million. Gross profit also rose 10% to SAR 12.8 million.

 

The second-half net earnings reached SAR 177,000, compared with SAR 2.32 million in the same period of 2024.

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