Consolidated Grünenfelder Saady Holding Co. (CGS) reported a net profit decline of 33% to SAR 33 million for the nine-month period ended Dec. 31, 2025, compared to SAR 49.2 million in the year-earlier period.
| Item | 9m 2024 | 9m 2025 | Change |
|---|---|---|---|
| Revenues | 364.02 | 335.11 | (7.9 %) |
| Gross Income | 85.52 | 74.50 | (12.9 %) |
| Operating Income | 54.05 | 36.84 | (31.8 %) |
| Net Income | 49.21 | 32.99 | (33.0 %) |
| Average Shares | 100.00 | 100.00 | - |
| Earnings Per Share before unusual items (Riyals) | 0.49 | 0.33 | (33.0 %) |
| EPS (Riyal) | 0.49 | 0.33 | (33.0 %) |
The company attributed the profit decline to the timing of orders in the automotive solutions segment, a shift in revenue toward the fixed cooling business, higher indirect costs from new organizational roles after the listing, and an increased provision for doubtful debts.
| Item | Q3 2024 | Q3 2025 | Change |
|---|---|---|---|
| Revenues | 147.56 | 147.68 | 0.1 % |
| Gross Income | 32.66 | 29.59 | (9.4 %) |
| Operating Income | 21.44 | 15.42 | (28.1 %) |
| Net Income | 19.86 | 14.10 | (29.0 %) |
| Average Shares | 100.00 | 100.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.20 | 0.14 | (29.0 %) |
| EPS (Riyal) | 0.20 | 0.14 | (29.0 %) |
| Item | Q2 2025 | Q3 2025 | Change |
|---|---|---|---|
| Revenues | 99.19 | 147.68 | 48.9 % |
| Gross Income | 23.32 | 29.59 | 26.9 % |
| Operating Income | 11.43 | 15.42 | 34.9 % |
| Net Income | 9.66 | 14.10 | 46.0 % |
| Average Shares | 100.00 | 100.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.10 | 0.14 | 46.0 % |
| EPS (Riyal) | 0.10 | 0.14 | 46.0 % |
In Q3 2025/26, CGS earnings fell 29% to SAR 14.1 million from SAR 19.86 million a year earlier.
On a quarter-on-quarter (QoQ) basis, profit rose 46% from SAR 9.66 million in Q2 2025/26.
Total shareholders’ equity, excluding minority interests, reached SAR 185.7 million as of Sept. 30, 2025, up from SAR 155.5 million a year earlier.
Be the first to comment
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments Analysis: