Financial Results : Al Kathiri loses SAR 40.8M in 2025, SAR 32.7M in Q4

Al Kathiri loses SAR 40.8M in 2025, SAR 32.7M in Q4

31/03/2026 Argaam Exclusive

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Al Kathiri Holding Co. widened net losses to SAR 40.8 million in 2025, compared up from SAR 19 million a year earlier.



Financials (M)

Item 2024 2025 Change‬
Revenues 183.87 274.03 49.0 %
Gross Income 20.82 13.10 (37.1 %)
Operating Income (9.21) (24.29) (163.7 %)
Net Income (19.00) (40.84) (114.9 %)
Average Shares 226.04 226.04 -
Earnings Per Share before unusual items (Halala) (8.41) (18.07) (114.9 %)
EPS (Halala) (8.41) (18.07) (114.9 %)

The company cited higher cost of revenue, inventory write-down provisions and asset impairment losses. In addition, Zakat differences were recalculated and expected credit loss provisions increased.

 

On the other hand, revenue rose year-on-year driven by growth in the contracting segment on new project awards and business expansion. Additionally, sales of gravel and sand rose, supporting overall revenue growth.

 

The fourth-quarter net losses increased by 55.6% to SAR 32.7 million from SAR 21 million in Q4 2024.

 

Al Kathiri incurred a net loss of SAR 450,000 in Q3 2025.



Current Quarter Comparison (M)

Compared With The
Item Q4 2024 Q4 2025 Change‬
Revenues 41.09 75.86 84.6 %
Gross Income 0.82 (2.70) (428.4 %)
Operating Income (18.67) (24.01) (28.6 %)
Net Income (21.04) (32.74) (55.6 %)
Average Shares 226.04 226.04 -
Earnings Per Share before unusual items (Halala) (9.31) (14.48) (55.6 %)
EPS (Halala) (9.31) (14.48) (55.6 %)

Total shareholders’ equity, after minority interest, reached SAR 70.08 million as of Dec. 31, 2025, down from SAR 109.65 million a year earlier.

 

Accumulated losses reached SAR 55.42 million by year-end, making up 49.04% of capital.

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