Financial Results : Neft Alsharq incurs losses of SAR 1.9M in H1 2025

Neft Alsharq incurs losses of SAR 1.9M in H1 2025

26/08/2025 Argaam Exclusive

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Neft Alsharq Co., which is engaged in the production, sale, and export of gasoline engine oils, lubricants, and refined petroleum products, reported losses of SAR 1.9 million by the end of H1 2025, compared to profits of SAR 317,000 recorded in H1 2024.



Current Half Annual Comparison (M)

Compared With The
Item H1 2024 H1 2025 Change‬
Revenues 23.45 35.65 52.0 %
Gross Income 4.29 5.00 16.7 %
Operating Income 0.48 (1.37) (381.6 %)
Net Income 0.32 (1.91) (701.8 %)
Average Shares 20.00 25.00 25.0 %
Earnings Per Share before unusual items (Riyal) 0.02 (0.08) (581.4 %)
EPS (Riyal) 0.02 (0.08) (581.4 %)

Neft Alsharq incurred losses during the current period on higher capital and operating costs of service centers amid weak initial revenues from these centers.

 

The company also faced increased capital and operating expenses (OpEx) for the retail segment through sales representatives, coupled with intensified market competition.

 

Operating and raw material costs continued to rise, while sales prices remained unchanged, exerting pressure on profit margins.

 

On the other hand, sales grew by 52% to SAR 35.6 million, supported by an expansion in domestic sales channels and government contracts that positively impacted revenues. Export sales also improved with the company’s entry into new markets, contributing to a higher sales volume.

 

Additional Information:

 

Shareholders’ equity (with no minority interests) stood at SAR 45.963 million at the end of June 30, 2025, compared to SAR 46.649 million in the same period last year.

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