Financial Results : Arab Sea cuts loss to SAR 6.2M in H1 2025, SAR 3.6M in Q2

Arab Sea cuts loss to SAR 6.2M in H1 2025, SAR 3.6M in Q2

07/08/2025 Argaam Exclusive

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Arab Sea Information System Co. narrowed H1 2025 net losses to SAR 6 million from SAR 15 million in the year-earlier period.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 16.69 21.65 29.7 %
Gross Income 4.86 8.40 72.7 %
Operating Income (13.37) (6.08) 54.6 %
Net Income (13.64) (6.17) 54.7 %
Average Shares 100.00 100.00 -
Earnings Per Share before unusual items (Riyals) (0.14) (0.06) 54.7 %
EPS (Riyal) (0.14) (0.06) 54.7 %

The decline in losses was driven by a 29.7% year-on-year jump in revenues, mainly from government projects.

 

In Q2 2025, Arab Sea’s losses more than halved to SAR 3.6 million, from SAR 7.9 million in Q2 2024.

 

On a sequential basis, net losses declined by 30.1% from SAR 5.2 million in Q1 2025.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 7.60 10.02 31.8 %
Gross Income 2.42 3.43 41.9 %
Operating Income (5.75) (3.51) 39.0 %
Net Income (5.82) (3.64) 37.4 %
Average Shares 100.00 100.00 -
Earnings Per Share before unusual items (Riyal) (0.06) (0.04) 37.4 %
EPS (Riyal) (0.06) (0.04) 37.4 %

Total shareholders’ equity, no minority interest, increased to SAR 126.58 million as of June 30, 2025, from SAR 112.09 million a year earlier.

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