Financial Results : SACO posts SAR 49.5M profit in 9M 2025; Q3 at SAR 39.4M on one-off gains

SACO posts SAR 49.5M profit in 9M 2025; Q3 at SAR 39.4M on one-off gains

02/11/2025 Argaam Exclusive

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Saudi Company for Hardware (SACO) reported a net profit of SAR 49.5 million in the first nine months of 2025, against a net loss of SAR 17.5 million in the same period a year ago



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 714.56 776.10 8.6 %
Gross Income 97.78 114.18 16.8 %
Operating Income 5.51 27.09 391.7 %
Net Income (17.51) 49.52 382.7 %
Average Shares 36.00 36.00 -
Earnings Per Share before unusual items (Riyals) (0.49) 0.43 188.3 %
EPS (Riyal) (0.49) 1.38 382.7 %

The profit was primarily from gains on the sale of an investment property, higher sales driven by the introduction of new departments, product categories, services, and stronger performance in other business segments, particularly e-commerce.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 245.45 261.41 6.5 %
Gross Income 33.06 35.16 6.4 %
Operating Income (0.37) 2.35 735.1 %
Net Income (8.98) 39.36 538.3 %
Average Shares 36.00 36.00 -
Earnings Per Share before unusual items (Riyal) (0.25) 0.15 159.1 %
EPS (Riyal) (0.25) 1.09 538.3 %

In Q3 2025, SACO posted a net profit of SAR 39.4 million, versus a net loss of SAR 8.98 million in Q3 2024.

 

Sequentially, net earnings rose 674.7% from SAR 5.08 million in Q2 2025.

 

Shareholders' equity, no minority interest, rose to SAR 375.59 million by the end of Sept. 30, 2025, from SAR 322.87 million a year ago.

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