Financial Results : Lazurde loses SAR 16.8M in 9M 2025; Q3 at SAR 4.3M

Lazurde loses SAR 16.8M in 9M 2025; Q3 at SAR 4.3M

06/11/2025 Argaam Exclusive

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Lazurde Company for Jewelry logged a SAR 16.8 million net loss in 9M 2025, against a profit of SAR 24.8 million in the same period a year earlier.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 1,649.70 2,274.00 37.8 %
Gross Income 183.50 175.60 (4.3 %)
Operating Income 63.50 26.30 (58.6 %)
Net Income 24.82 (16.80) (167.7 %)
Average Shares 57.50 57.50 -
Earnings Per Share before unusual items (Riyals) 0.14 0.39 170.6 %
EPS (Riyal) 0.43 (0.29) (167.7 %)

These losses were attributed to a 56.7% fall in operating profit to SAR 27.5 million in 9M 2025, coupled with a higher expected credit provision of SAR 12.6 million due to an increase in gold price and a one-off provision for an expected credit provision of SAR 16.7 million, which resulted from disputes with some wholesale customers to collect these receivables.

 

Moreover, the group recorded a one-off net exchange gain of SAR 19.4 million in 9M 2024 and a one-off loss of SAR 9.7 million related to its salesmen’s misappropriation, the impact of which was recognized in the current period.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 606.40 893.20 47.3 %
Gross Income 50.10 59.80 19.4 %
Operating Income 16.90 9.80 (42.0 %)
Net Income (7.19) (4.30) 40.2 %
Average Shares 57.50 57.50 -
Earnings Per Share before unusual items (Riyal) (0.02) 0.22 1345.7 %
EPS (Riyal) (0.12) (0.07) 40.2 %

In Q3 2025, the company narrowed its loss to SAR 4.3 million, from a SAR 7.19 million loss in the same period a year earlier, thanks to a rise in revenues.

 

Compared with the previous quarter, the company also shrank its losses by 83.4% from SAR 25.84 million.

 

Total shareholders’ equity, no minority interest, decreased to SAR 269.1 million as of Sept. 30, 2025, compared to SAR 301.2 million a year earlier.

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