Financial Results : Al Kathiri loses SAR 7.6M in H1 2025, SAR 2.6M in Q2

Al Kathiri loses SAR 7.6M in H1 2025, SAR 2.6M in Q2

11/08/2025 Argaam Exclusive

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Al Kathiri Holding Co. reported a net loss of SAR 7.6 million (before minority interest) in H1 2025, against earnings of SAR 475,000 a year earlier.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 88.10 123.19 39.8 %
Gross Income 12.62 7.75 (38.6 %)
Operating Income 5.30 (2.66) (150.2 %)
Net Income 0.48 (7.60) (1699.6 %)
Average Shares 226.04 226.04 -
Earnings Per Share before unusual items (Halala) 0.21 (3.36) (1699.6 %)
EPS (Halala) 0.21 (3.36) (1699.6 %)

The company cited higher to cost of revenues, as well as an increase in operating, general, and selling expenses.

 

However, the company posted higher revenues in H1 2025. This was driven by an expanded backlog in the contracting segment, in addition to an increase in sales of the modern building materials segment (M2 panels).



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 42.46 71.35 68.1 %
Gross Income 6.76 5.51 (18.6 %)
Operating Income 2.66 0.22 (91.8 %)
Net Income 0.23 (2.56) (1198.9 %)
Average Shares 226.04 226.04 -
Earnings Per Share before unusual items (Halala) 0.10 (1.13) (1198.9 %)
EPS (Halala) 0.10 (1.13) (1198.9 %)

In Q2 2025, net losses reached SAR 2.6 million, against earnings of SAR 230,000 a year before.

 

Sequentially, the company narrowed the three-month losses from SAR 5.04 million in Q1 2025.

 

Total shareholders' equity, after minority interest, reached SAR 104.52 million at the end of H1 2025, compared with SAR 131.51 million a year earlier.

 

Accumulated losses amounted to SAR 20.98 million at the end of the six-month period, representing 18.57% of the company's capital.

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