Financial Results : Saudi Fisheries incurs SAR 18.5M loss in 9M 2025, SAR 6.9M in Q3

Saudi Fisheries incurs SAR 18.5M loss in 9M 2025, SAR 6.9M in Q3

30/10/2025 Argaam Exclusive

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Saudi Fisheries Co. posted a net loss of SAR 18.5 million for the first nine months of 2025, down from a loss of SAR 48.5 million in the same period of 2024.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 17.56 3.22 (81.7 %)
Gross Income (10.62) 1.59 115.0 %
Operating Income (41.62) (16.65) 60.0 %
Net Income (48.47) (18.48) 61.9 %
Average Shares 6.70 6.70 -
Earnings Per Share before unusual items (Riyals) (7.24) (3.50) 51.7 %
EPS (Riyal) (7.24) (2.76) 61.9 %

The company said the decline in losses was mainly due to lower costs related to shrimp and fish farm production, which helped reduce the net loss by 162.2% year-on-year (YoY).

 

However, sales fell 81.7% YoY during the nine-month period, primarily due to a temporary halt in wholesale operations and production cycles, as well as lower retail sales.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 1.85 1.10 (40.4 %)
Gross Income (2.68) 0.57 121.3 %
Operating Income (24.24) (5.82) 76.0 %
Net Income (28.70) (6.89) 76.0 %
Average Shares 6.70 6.70 -
Earnings Per Share before unusual items (Riyal) (4.28) (1.03) 76.0 %
EPS (Riyal) (4.28) (1.03) 76.0 %

Saudi Fisheries narrowed its losses in Q3 2025 by 76% to SAR 6.89 million from SAR 28.7 million in Q3 2024. Compared to Q2 2025, losses also shrank by 34.1 million from SAR 10.45 million.

 

Total shareholders’ equity, with no minority interest, amounted to SAR 57.1 million as of Sept. 30, 2025, compared to SAR 67.8 million the same period a year earlier.

 

Accumulated losses reached SAR 11.01 million, representing 16.4% of capital.

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