Financial Results : Sadr turns to SAR 122,000 earnings in Q1 2025

Sadr turns to SAR 122,000 earnings in Q1 2025

14/05/2025 Argaam Exclusive

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Sadr Logistics Co. reported a net profit of SAR 122,000 in Q1 2025, against a net loss of SAR 1.5 million a year earlier.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 31.65 33.79 6.8 %
Gross Income 4.79 6.95 45.3 %
Operating Income (1.03) 0.72 169.3 %
Net Income (1.54) 0.12 107.9 %
Average Shares 175.00 175.00 -
Earnings Per Share before unusual items (Riyal) (0.01) 0.00 83.4 %
EPS (Riyal) (0.01) 0.00 107.9 %

The return to profitability came as the first-quarter sales increased by 7% year-on-year (YoY), in addition to a 20% and 6% YoY pullback in selling & marketing expenses and financing costs, respectively. This was along with higher other income and a lower cost of revenue for the same quarter.

 

However, general and administrative expenses rose 22% YoY in Q1 2025. The company also earmarked a provision for expected credit losses and posted a 25% YoY hike in Zakat provisions, and a 79% decline in investment income during the same period.

 

Sequentially, however, the Saudi logistics services provider's three-month earnings dropped 96.3% from SAR 3.28 million in Q4 2024.

 

Shareholders’ equity, no minority interest, stood at SAR 167.63 million as of March 31, 2025, up from SAR 170.19 million a year earlier.

 

Accumulated losses stood at SAR 8.42 million by the end of Q1 2025, representing 4.81% of the company’s capital.

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