Financial Results : Lazurde loses SAR 42.2M in 2025, SAR 25.4M in Q4

Lazurde loses SAR 42.2M in 2025, SAR 25.4M in Q4

16/03/2026 Argaam Exclusive

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Lazurde Co. for Jewelry turned to a SAR 42.2 million net loss in 2025, against a net profit of SAR 11.7 million a year earlier.



Financials (M)

Item 2024 2025 Change‬
Revenues 2,108.49 2,904.60 37.8 %
Gross Income 223.00 211.90 (5.0 %)
Operating Income 64.10 17.00 (73.5 %)
Net Income 11.70 (42.20) (460.7 %)
Average Shares 57.50 57.50 -
Earnings Per Share before unusual items (Riyals) (0.15) 0.03 123.1 %
EPS (Riyal) 0.20 (0.73) (460.7 %)

The company attributed the reported losses to several factors, including higher expected credit loss provisions due to the sharp rise in global gold prices, as well as one-off losses related to shortages in the custody of some of the company’s sales representatives.

 

This is besides a 5% annual decline in the company’s 2025 gross profit, including the value of gold holdings, to SAR 211.9 million, compared with SAR 223 million in 2024.

 

This came despite a 37.8% YoY increase in the group’s total revenues, which reached SAR 2.9 billion by 2025-end. This was mainly driven by the improved operating performance and the elevated global gold prices.

 

In Q4 2025, the company widened its net loss to SAR 25.40 million, versus SAR 13.07 million in Q4 2024.

 

On a quarter-on-quarter (QoQ) basis, the company also expanded its three-month net loss from SAR 4.3 million in Q3 2025.



Current Quarter Comparison (M)

Compared With The
Item Q4 2024 Q4 2025 Change‬
Revenues 458.84 630.58 37.4 %
Gross Income 39.52 36.32 (8.1 %)
Operating Income 0.60 (9.26) (1638.9 %)
Net Income (13.07) (25.40) (94.4 %)
Average Shares 57.50 57.50 -
Earnings Per Share before unusual items (Riyal) (0.29) (0.13) 54.8 %
EPS (Riyal) (0.23) (0.44) (94.4 %)

Total shareholders’ equity, no minority interest, decreased 12% to SAR 245.7 million (while totaling SAR 603 million when excluding provisions set aside for forex changes) as of Dec. 31, 2025, compared to SAR 279.3 million a year earlier.

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