Al Gassim Investment Holding Co. (GACO) reported a net loss of SAR 3.3 million in H1 2025, down from SAR 3.6 million a year earlier.
Item | 6m 2024 | 6m 2025 | Change |
---|---|---|---|
Revenues | 5.02 | 4.64 | (7.7 %) |
Gross Income | 4.30 | 3.88 | (9.6 %) |
Operating Income | (0.43) | (4.44) | (930.9 %) |
Net Income | (3.59) | (3.33) | 7.3 % |
Average Shares | 30.00 | 30.00 | - |
Earnings Per Share before unusual items (Riyals) | (0.04) | 0.00 | 86.5 % |
EPS (Riyal) | (0.12) | (0.11) | 7.3 % |
This was attributable to an increase in other income, a decrease in Zakat expense and expected credit loss provisions, as well as an increase in dividend income from financial assets at fair value through profit or loss.
Item | Q2 2024 | Q2 2025 | Change |
---|---|---|---|
Revenues | 2.51 | 2.32 | (7.7 %) |
Gross Income | 2.15 | 1.99 | (7.6 %) |
Operating Income | (0.03) | (0.36) | (1,055.1 %) |
Net Income | (1.83) | 0.16 | 108.6 % |
Average Shares | 30.00 | 30.00 | - |
Earnings Per Share before unusual items (Riyal) | (0.02) | 0.01 | 127.9 % |
EPS (Riyal) | (0.06) | 0.01 | 108.6 % |
Item | Q1 2025 | Q2 2025 | Change |
---|---|---|---|
Revenues | 2.32 | 2.32 | 0.0 % |
Gross Income | 1.90 | 1.99 | 5.0 % |
Operating Income | (4.08) | (0.36) | 91.2 % |
Net Income | (3.49) | 0.16 | 104.5 % |
Average Shares | 30.00 | 30.00 | - |
Earnings Per Share before unusual items (Riyal) | 0.00 | 0.01 | 1181.5 % |
EPS (Riyal) | (0.12) | 0.01 | 104.5 % |
GACO, however, reported a net profit of SAR 160,000 in Q2 2025, against a net loss of SAR 1.83 million in Q2 2024, driven mainly by higher other income.
Sequentially, GACO turned profitable from a loss of SAR 3.49 million in Q1 2025.
Shareholders’ equity, no minority interest, stood at SAR 303.33 million as of June 30, 2025, up from SAR 292.77 million a year ago.
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