Financial Results : TADCO trims losses to SAR 7.1M in Q1 2025

TADCO trims losses to SAR 7.1M in Q1 2025

15/05/2025 Argaam Exclusive

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Tabuk Agricultural Development Co. (TADCO) losses (after minority interest) fell to SAR 7.1 million in Q1 2025, compared to SAR 8.9 million a year earlier



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 7.95 13.11 65.0 %
Gross Income 0.92 (0.10) (110.7 %)
Operating Income (8.80) (8.91) (1.2 %)
Net Income (8.89) (7.10) 20.1 %
Average Shares 39.18 39.18 -
Earnings Per Share before unusual items (Riyal) (0.23) (0.18) 20.1 %
EPS (Riyal) (0.23) (0.18) 20.1 %

Meanwhile, net profit (before minority interest) amounted to SAR 7.1 million, compared to SAR 9.3 million in Q1 2024.

 

The improvement was attributed to a decrease in selling and distribution expenses, a drop in general and administrative expenses, an increase in the group’s share of profits from investments in companies using the equity method, and an increase in other income, coupled with a decrease in losses for the period from discontinued operations.

 

On a quarterly basis, TADCO narrowed its losses by 93% from SAR 100.38 million in Q4 2024.

 

Total shareholders’ equity, no minority interest, fell to SAR 172.42 million as of March 31, 2025, from SAR 314.87 million a year earlier.

 

Accumulated losses amounted to SAR 214.51 million, or 54.8% of the company’s capital, in Q1 2025.

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