Financial Results : Service Equipment H1 2025 profit drops 40% to SAR 4.6M

Service Equipment H1 2025 profit drops 40% to SAR 4.6M

19/08/2025 Argaam Exclusive

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Service Equipment Co. reported a net profit of SAR 4.6 million in H1 2025, a 40% decline year-on-year (YoY) from SAR 7.6 million.



Current Half Annual Comparison (M)

Compared With The
Item H1 2024 H1 2025 Change‬
Revenues 26.01 26.40 1.5 %
Gross Income 12.11 11.88 (1.9 %)
Operating Income 6.96 3.97 (42.9 %)
Net Income 7.62 4.57 (40.1 %)
Average Shares 2.40 2.40 -
Earnings Per Share before unusual items (Riyal) 3.17 1.90 (40.1 %)
EPS (Riyal) 3.17 1.90 (40.1 %)

The company noted higher operating, selling and marketing expenses, along with an increase in shipping and transportation costs.

 

This was offset by a 1.5% increase in H1 revenue due to increased sales of diverse products.

 

On a semi-annual basis, net earnings plummeted 47% from SAR 8.6 million in H2 2024.

Shareholders’ equity, no minority interest, stood at SAR 46.5 million by June 30, 2025, compared to SAR 32.8 million a year earlier.

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