Tabuk Agricultural Development Co. (TADCO) reduced its losses to SAR 95.9 million in 2025, compared to SAR 144.2 million a year earlier.
| Item | 2024 | 2025 | Change |
|---|---|---|---|
| Revenues | 47.35 | 35.59 | (24.8 %) |
| Gross Income | (12.00) | (53.09) | (342.6 %) |
| Operating Income | (59.14) | (107.90) | (82.4 %) |
| Net Income | (144.23) | (95.87) | 33.5 % |
| Average Shares | 39.18 | 39.18 | - |
| Earnings Per Share before unusual items (Riyals) | (1.90) | (2.45) | (28.7 %) |
| EPS (Riyal) | (3.68) | (2.45) | 33.5 % |
The narrower losses came despite lower revenues in 2025, resulting from reduced production and operational restructuring.
It also occurred amid higher production costs and depreciation of machinery and equipment.
Additionally, increased expected credit loss provisions and higher financing costs offset the 2025 positive performance.
Net losses shrank by 53.7% in Q4 2025 to SAR 46.7 million, compared to SAR 100.9 million losses in Q4 2024.
| Item | Q4 2024 | Q4 2025 | Change |
|---|---|---|---|
| Revenues | 9.80 | 2.53 | (74.2 %) |
| Gross Income | (4.18) | (26.22) | (528.0 %) |
| Operating Income | (19.53) | (46.79) | (139.5 %) |
| Net Income | (100.92) | (46.69) | 53.7 % |
| Average Shares | 39.18 | 39.18 | - |
| Earnings Per Share before unusual items (Riyal) | (0.80) | (1.19) | (49.9 %) |
| EPS (Riyal) | (2.58) | (1.19) | 53.7 % |
| Item | Q3 2025 | Q4 2025 | Change |
|---|---|---|---|
| Revenues | 7.63 | 2.53 | (66.8 %) |
| Gross Income | (9.76) | (26.22) | (168.7 %) |
| Operating Income | (24.44) | (46.79) | (91.4 %) |
| Net Income | (24.10) | (46.69) | (93.7 %) |
| Average Shares | 39.18 | 39.18 | - |
| Earnings Per Share before unusual items (Riyal) | (0.62) | (1.19) | (93.7 %) |
| EPS (Riyal) | (0.62) | (1.19) | (93.7 %) |
On a sequential basis, however, the company expanded losses from SAR 24.1 million in Q3 2025.
Total shareholders’ equity, after minority interest, reached SAR 86.8 million as of Dec. 31, 2025, down from SAR 179.5 million a year earlier.
By year-end, accumulated losses amounted to SAR 303.3 million, accounting for 77.41% of capital.
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