Financial Results : Takween deepens Q1 2025 loss to SAR 9.5M

Takween deepens Q1 2025 loss to SAR 9.5M

13/05/2025 Argaam Exclusive

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Takween Advanced Industries Co. widened Q1 2025 net losses to SAR 9.5 million, from SAR 3.9 million in the prior-year period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 183.14 145.00 (20.8 %)
Gross Income 27.10 18.37 (32.2 %)
Operating Income 10.88 1.27 (88.3 %)
Net Income (4.00) (9.52) (138.2 %)
Average Shares 76.46 76.46 -
Earnings Per Share before unusual items (Riyal) (0.05) (0.12) (138.2 %)
EPS (Riyal) (0.05) (0.12) (138.2 %)

The expansion in losses was due to lower year-on-year (YoY) revenues from the decline in sales volumes, lower retail selling prices, and higher raw material costs.

 

In addition to a rise in administrative and general expenses, a bigger share of an associate company's losses and an increase in Zakat expenses.

 

On a quarterly basis, the company cut its losses from SAR 50.01 million in Q4 2024 due to improved demand boosted by Ramadan seasonal activity.

 

Shareholders’ equity, excluding minority interest, amounted to SAR 382.17 million as of Q1 2025, down from SAR 467.16 million a year ago.

 

Accumulated losses reached 40.26% of the company’s capital.

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