Al Gassim Investment Holding Co. (GACO) narrowed net loss to SAR 878,000 in the first nine months of 2025, compared to SAR 4.7 million in the same period a year earlier.
| Item | 9m 2024 | 9m 2025 | Change |
|---|---|---|---|
| Revenues | 7.54 | 6.98 | (7.4 %) |
| Gross Income | 6.43 | 5.97 | (7.1 %) |
| Operating Income | (1.43) | (0.95) | 33.5 % |
| Net Income | (4.68) | (0.88) | 81.2 % |
| Average Shares | 30.00 | 30.00 | - |
| Earnings Per Share before unusual items (Riyals) | (0.03) | 0.03 | 187.8 % |
| EPS (Riyal) | (0.16) | (0.03) | 81.2 % |
Losses shrank as Zakat expenses decreased, along with the reversal of a Zakat provision related to previous years, and lower expected credit loss provision.
GACO also noted higher dividend income from financial assets measured at fair value through profit or loss.
On the other hand, the company recorded losses from the disposal of assets held for sale (not present in 9M 2024), lower operating revenues, and higher general and administrative expenses.
| Item | Q3 2024 | Q3 2025 | Change |
|---|---|---|---|
| Revenues | 2.51 | 2.34 | (6.7 %) |
| Gross Income | 2.13 | 2.09 | (2.0 %) |
| Operating Income | (1.00) | 0.02 | 102.0 % |
| Net Income | (1.09) | 2.45 | 325.2 % |
| Average Shares | 30.00 | 30.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.01 | 0.02 | 251.0 % |
| EPS (Riyal) | (0.04) | 0.08 | 325.2 % |
| Item | Q2 2025 | Q3 2025 | Change |
|---|---|---|---|
| Revenues | 2.32 | 2.34 | 1.1 % |
| Gross Income | 1.99 | 2.09 | 5.0 % |
| Operating Income | (0.36) | 0.02 | 105.6 % |
| Net Income | 0.16 | 2.45 | 1450.7 % |
| Average Shares | 30.00 | 30.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.01 | 0.02 | 297.7 % |
| EPS (Riyal) | 0.01 | 0.08 | 1450.7 % |
The company made a profit of SAR 2.4 million in Q3 2025, against a loss of SAR 1.1 million in Q3 2024.
Sequentially, GACO’s profit jumped from SAR 160,000 in Q2 2025.
Shareholders’ equity, no minority interest, stood at SAR 305.78 million as of Sept. 30, 2025, from SAR 291.68 million a year earlier.
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