Financial Results : Sadr widens losses to SAR 7.2M in H1 2025, SAR 7.3M in Q2

Sadr widens losses to SAR 7.2M in H1 2025, SAR 7.3M in Q2

10/08/2025 Argaam Exclusive

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Sadr Logistics Co. reported a net loss of SAR 7.2 million in H1 2025, up from SAR 5.3 million in the prior-year period.

 


Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 52.93 65.74 24.2 %
Gross Income 8.56 13.17 53.8 %
Operating Income (3.21) (5.72) (78.4 %)
Net Income (5.31) (7.18) (35.4 %)
Average Shares 175.00 175.00 -
Earnings Per Share before unusual items (Riyals) (0.03) (0.04) (42.5 %)
EPS (Riyal) (0.03) (0.04) (35.4 %)

This was primarily due to incurring SAR 6.5 million in additional provisions for doubtful debt in H1 2025. This is besides recognizing an 18% year-on-year (YoY) increase in general and administrative expenses, paired with an 87% YoY decline in the six-month investment income.

 

This was offset by a 24% YoY topline hike, paired with a 54% YoY uptick in gross profit and a 6% YoY decrease in selling and marketing expenses.

 

The Q2 2025 net losses widened by 94% to SAR 7.3 million, from SAR 3.77 million in Q2 2024.

 

On a sequential basis, the company swung to losses versus a net profit of SAR 122,000 in Q1 2025.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 21.28 31.95 50.2 %
Gross Income 3.78 6.21 64.6 %
Operating Income (2.18) (6.44) (195.8 %)
Net Income (3.77) (7.31) (94.0 %)
Average Shares 175.00 175.00 -
Earnings Per Share before unusual items (Riyal) (0.02) (0.04) (94.0 %)
EPS (Riyal) (0.02) (0.04) (94.0 %)

Shareholders’ equity, no minority interest, reached SAR 160.32 million by June 30, 2025, compared to SAR 166.42 million a year earlier.

 

Accumulated losses stood at SAR 15.72 million by the end of the first six months of 2025, amounting to 9% of Sadr’s capital.

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