Financial Results : TADCO incurs SAR 25.1M loss in H1 2025, SAR 18M in Q2

TADCO incurs SAR 25.1M loss in H1 2025, SAR 18M in Q2

10/08/2025 Argaam Exclusive

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Tabuk Agricultural Development Co. (TADCO) narrowed its net loss, excluding minority interest, to SAR 25.1 million in the first half of 2025, from SAR 26.5 million a year earlier, supported by higher revenue.

 

Net losses, including minority interest, shrank to SAR 25.1 million in H1 2025 from SAR 27.2 million a year earlier.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 22.10 25.43 15.1 %
Gross Income 0.05 (17.12) (33013.5 %)
Operating Income (23.26) (37.17) (59.8 %)
Net Income (26.50) (25.08) 5.4 %
Average Shares 39.18 39.18 -
Earnings Per Share before unusual items (Riyals) (0.68) (0.64) 5.4 %
EPS (Riyal) (0.68) (0.64) 5.4 %
The company said the smaller loss was also due to lower selling, distribution, general, and administrative expenses; a higher share of profits from equity-accounted associates; and gains from discontinued operations compared with losses a year earlier. Revenue rose on sales of agricultural products not included in last year’s production plan.
In Q2 2025, TADCO’s net loss increased by 2.1% to SAR 17.97 million from SAR 17.6 million in Q2 2024 and more than doubled from SAR 7.10 in Q1 2025.


Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 14.15 12.32 (12.9 %)
Gross Income (0.87) (17.02) (1,858.1 %)
Operating Income (14.46) (28.27) (95.5 %)
Net Income (17.60) (17.97) (2.1 %)
Average Shares 39.18 39.18 -
Earnings Per Share before unusual items (Riyal) (0.45) (0.46) (2.1 %)
EPS (Riyal) (0.45) (0.46) (2.1 %)
Total shareholders’ equity, excluding minority interest, decreased to SAR 155.05 million as of June 30, 2025, from SAR 296.17 million a year earlier.
Accumulated losses stood at SAR 232.48 million by the end of the six-month period, representing 59.3% of the company’s capital.

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