Financial Results : Al Arabia loses SAR 326.8M in 9M 2025, SAR 218.3M in Q3

Al Arabia loses SAR 326.8M in 9M 2025, SAR 218.3M in Q3

11/11/2025 Argaam Exclusive

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Arabian Contracting Services Co. (Al Arabia) swung to a net loss of SAR 326.8 million in the first nine months of 2025, against a net profit of SAR 192.5 million a year earlier.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 1,166.02 1,392.77 19.4 %
Gross Income 445.10 374.41 (15.9 %)
Operating Income 325.79 197.48 (39.4 %)
Net Income 192.46 (326.76) (269.8 %)
Average Shares 55.00 55.00 -
Earnings Per Share before unusual items (Riyals) 2.78 (5.94) (313.4 %)
EPS (Riyal) 3.50 (5.94) (269.8 %)

The losses were attributed to the challenges facing the advertising sector in general. Besides, the advertising exclusivity in Riyadh under the Remat Al-Riyadh contract remained pending until late September.

 

The TASI-listed firm also cited incomplete work on its advertising network and delays related to several contracts. This included the Remat Al-Riyadh contract with Al Arabia Alliance for Smart Advertisements, the Riyadh Airports contract, the King Abdulaziz Public Transport project in Riyadh (train and buses), the Intercity Roads contract, and the digital billboards network in Dubai, UAE.

 

This was despite an increase in the nine-month revenues, thanks to the elevated market share and ongoing digital transformation efforts to enhance handling capacity for a wide range of high-margin campaigns and advertisers.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 352.88 418.73 18.7 %
Gross Income 99.40 42.21 (57.5 %)
Operating Income 68.62 (36.20) (152.8 %)
Net Income 44.31 (218.30) (592.6 %)
Average Shares 55.00 55.00 -
Earnings Per Share before unusual items (Riyal) 0.09 (3.97) (4482.6 %)
EPS (Riyal) 0.81 (3.97) (592.6 %)

Al Arabia also posted a net loss of SAR 218.3 million in Q3 2025, against net earnings of SAR 44.31 million a year earlier.

 

Sequentially, the three-month losses widened from SAR 156.68 million in Q2 2025.

 

Total shareholders’ equity, after minority interest, fell to SAR 1.04 billion as of Sept. 30, 2025, from SAR 1.29 billion in the year-earlier period.

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