Khaled Dhafer & Brothers Logistics Services Co. (KDL Logistics) posted SAR 3.6 million in net profit for 2025, a decline of 72% from SAR 12.5 million a year ago
| Item | 2024 | 2025 | Change |
|---|---|---|---|
| Revenues | 71.59 | 67.84 | (5.2 %) |
| Gross Income | 21.03 | 15.22 | (27.7 %) |
| Operating Income | 13.21 | 2.95 | (77.7 %) |
| Net Income | 12.48 | 3.55 | (71.5 %) |
| Average Shares | 3.50 | 3.50 | - |
| Earnings Per Share before unusual items (Riyals) | 3.57 | 1.02 | (71.5 %) |
| EPS (Riyal) | 3.57 | 1.02 | (71.5 %) |
The YoY profit drop was attributed to lower revenue due to geopolitical tensions, as well as the fact that the comparative year, 2024, was exceptional in its figures compared to previous years, given the price increases resulting from the Red Sea events during that period.
Moreover, the company cited a nearly 31% decrease in its business volume due to regional geopolitical tensions. Additionally, operating expenses soared, driven mainly by rising diesel prices, along with higher administrative expenses resulting from enhanced governance and the company’s transition into a public shareholding company.
The H2 2025 net earnings fell by 81% to SAR 1.14 million, from SAR 5.9 million in H2 2024.
On a sequential basis, net earnings declined 52.8% from SAR 2.41 million in H1 2025.
| Item | H2 2024 | H2 2025 | Change |
|---|---|---|---|
| Revenues | 37.51 | 33.13 | (11.7 %) |
| Gross Income | 9.27 | 6.69 | (27.8 %) |
| Operating Income | 6.20 | 0.63 | (89.9 %) |
| Net Income | 5.90 | 1.14 | (80.7 %) |
| Average Shares | 3.50 | 3.50 | - |
| Earnings Per Share before unusual items (Riyal) | 1.68 | 0.33 | (80.7 %) |
| EPS (Riyal) | 1.68 | 0.33 | (80.7 %) |
| Item | H1 2025 | H2 2025 | Change |
|---|---|---|---|
| Revenues | 34.72 | 33.13 | (4.6 %) |
| Gross Income | 8.52 | 6.69 | (21.5 %) |
| Operating Income | 2.32 | 0.63 | (73.0 %) |
| Net Income | 2.41 | 1.14 | (52.8 %) |
| Average Shares | 3.50 | 3.50 | - |
| Earnings Per Share before unusual items (Riyal) | 0.69 | 0.33 | (52.8 %) |
| EPS (Riyal) | 0.69 | 0.33 | (52.8 %) |
Total shareholders’ equity, no minority interest, amounted to SAR 47.62 million as of Dec. 31, 2025, compared to SAR 46.6 million a year earlier.
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