Al Kathiri Holding Co. widened net losses to SAR 40.8 million in 2025, compared up from SAR 19 million a year earlier.
| 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.
| 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 %) |
| Item | Q3 2025 | Q4 2025 | Change |
|---|---|---|---|
| Revenues | 74.98 | 75.86 | 1.2 % |
| Gross Income | 8.05 | (2.70) | (133.5 %) |
| Operating Income | 2.39 | (24.01) | (1105.6 %) |
| Net Income | (0.45) | (32.74) | (7,111.2 %) |
| Average Shares | 226.04 | 226.04 | - |
| Earnings Per Share before unusual items (Halala) | (0.20) | (14.48) | (7,111.2 %) |
| EPS (Halala) | (0.20) | (14.48) | (7,111.2 %) |
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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