Financial Results : Takween loses SAR 51.4M in 9M 2025, SAR 15.8M in Q3

Takween loses SAR 51.4M in 9M 2025, SAR 15.8M in Q3

06/11/2025 Argaam Exclusive

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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.



Financials (M)

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.



Current Quarter Comparison (M)

Compared With The
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 %

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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