Takween Advanced Industries Co.’s losses widened in the first nine months of 2025 to SAR 51.4 million from SAR 25.8 million in the same period last year.
| Item | 9m 2024 | 9m 2025 | Change |
|---|---|---|---|
| Revenues | 528.87 | 449.93 | (14.9 %) |
| Gross Income | 64.40 | 47.43 | (26.3 %) |
| Operating Income | 14.00 | (2.94) | (121.0 %) |
| Net Income | (25.83) | (51.39) | (99.0 %) |
| Average Shares | 68.58 | 76.46 | 11.5 % |
| Earnings Per Share before unusual items (Riyals) | (0.38) | (0.67) | (78.5 %) |
| EPS (Riyal) | (0.38) | (0.67) | (78.5 %) |
The higher losses were mainly due to a decline in revenue, driven by lower sales volumes and changes in selling prices linked to raw material costs, which fell during the period.
The company also reported a higher cost of sales-to-revenue ratio, along with increases in general and administrative expenses, financing costs, and share of losses from an associate.
These factors were partially offset by lower selling and distribution expenses, higher other income, and a zakat provision reversal for previous years.
| Item | Q3 2024 | Q3 2025 | Change |
|---|---|---|---|
| Revenues | 183.90 | 166.55 | (9.4 %) |
| Gross Income | 16.13 | 17.47 | 8.3 % |
| Operating Income | (3.31) | 3.96 | 219.4 % |
| Net Income | (17.66) | (15.82) | 10.4 % |
| Average Shares | 68.58 | 76.46 | 11.5 % |
| Earnings Per Share before unusual items (Riyal) | (0.26) | (0.21) | 19.6 % |
| EPS (Riyal) | (0.26) | (0.21) | 19.6 % |
| Item | Q2 2025 | Q3 2025 | Change |
|---|---|---|---|
| Revenues | 138.38 | 166.55 | 20.4 % |
| Gross Income | 11.59 | 17.47 | 50.8 % |
| Operating Income | (8.17) | 3.96 | 148.4 % |
| Net Income | (26.05) | (15.82) | 39.3 % |
| Average Shares | 76.46 | 76.46 | - |
| Earnings Per Share before unusual items (Riyal) | (0.34) | (0.21) | 39.3 % |
| EPS (Riyal) | (0.34) | (0.21) | 39.3 % |
In Q3 2025, Takween’s losses narrowed by 10.4% to SAR 15.8 million from SAR 17.66 million in Q3 2024. Losses also shrank compared to SAR 26.05 million in Q2 2025.
Shareholders’ equity, with no minority interest, amounted to SAR 341.28 million by the end of the current period, down from SAR 441.97 million a year ago.
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