Financial Results : Arab Sea losses shrink to SAR 5.2M in Q1 2025

Arab Sea losses shrink to SAR 5.2M in Q1 2025

13/05/2025 Argaam Exclusive

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Arab Sea Information Systems Co. reduced its net loss to SAR 5.2 million for Q1 2025, from SAR 7.1 million a year earlier.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 9.09 11.63 28.0 %
Gross Income 2.45 2.15 (12.1 %)
Operating Income (7.62) (5.39) 29.3 %
Net Income (7.82) (5.21) 33.4 %
Average Shares 100.00 100.00 -
Earnings Per Share before unusual items (Riyal) (0.08) (0.05) 33.4 %
EPS (Riyal) (0.08) (0.05) 33.4 %

The decline in losses was due to a 27.97% year-on-year (YoY) increase in revenue, driven by the impact of government project revenues in the current quarter compared to the year-ago period.

 

Sequentially, Arab Sea turned to a loss from SAR 1.59 million in profits in Q4 2024, given the 24.72% quarter-on-quarter slump in the Q1 2025 topline as the previous quarter's revenues came in at an all-time high.

 

Total shareholders’ equity, no minority interest, fell to SAR 116.64 million as of March 31, 2025, from SAR 119.97 million a year earlier.

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