Arab Sea Information System Co. narrowed H1 2025 net losses to SAR 6 million from SAR 15 million in the year-earlier period.
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.
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 % |
Item | Q1 2025 | Q2 2025 | Change |
---|---|---|---|
Revenues | 11.63 | 10.02 | (13.9 %) |
Gross Income | 2.15 | 3.43 | 59.5 % |
Operating Income | (5.39) | (3.51) | 34.9 % |
Net Income | (5.21) | (3.64) | 30.1 % |
Average Shares | 100.00 | 100.00 | - |
Earnings Per Share before unusual items (Riyal) | (0.05) | (0.04) | 30.1 % |
EPS (Riyal) | (0.05) | (0.04) | 30.1 % |
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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