Financial Results : Al Ashghal Al Moysra H1 2025 net profit down 45% to SAR 4M

Al Ashghal Al Moysra H1 2025 net profit down 45% to SAR 4M

28/08/2025 Argaam Exclusive

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Al Ashghal Al Moysra Co. posted SAR 4 million in net profit for H1 2025, a decline of 45% from SAR 7.4 million in the same period a year earlier.



Current Half Annual Comparison (M)

Compared With The
Item H1 2024 H1 2025 Change‬
Revenues 32.03 26.07 (18.6 %)
Net Income 7.36 4.03 (45.3 %)
Average Shares 2.40 2.40 -
Earnings Per Share before unusual items (Riyal) 3.07 1.68 (45.3 %)
EPS (Riyal) 3.07 1.68 (45.3 %)

The decline was attributed to lower revenues after the completion of contracting projects and the absence of new ones in the same segment, in line with the company’s strategy to focus on higher-margin, lower-risk sectors.

 

The results were also weighed by expected credit loss provisions of SAR 1.5 million and expenses on new projects, some of which did not generate revenues during the period.

 

Although the company signed new contracts in 2025, their impact was not fully reflected in H1 2025 due to different project delivery timelines. Net profit also fell as the company shifted its focus toward maintenance, operations, and transportation, which grew at the expense of the contracting segment.

 

Compared to H2 2024, Al Ashghal Al Moysra’s profit rose by 15.1% from SAR 3.5 million.

 

Shareholders’ equity, no minority interest, stood at SAR 54.9 million by the end of June 30, 2025, up from SAR 47.3 million in the same period last year.

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