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.
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).
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 %) |
Item | Q1 2025 | Q2 2025 | Change |
---|---|---|---|
Revenues | 51.84 | 71.35 | 37.7 % |
Gross Income | 2.24 | 5.51 | 145.8 % |
Operating Income | (2.88) | 0.22 | 107.5 % |
Net Income | (5.04) | (2.56) | 49.1 % |
Average Shares | 226.04 | 226.04 | - |
Earnings Per Share before unusual items (Halala) | (2.23) | (1.13) | 49.1 % |
EPS (Halala) | (2.23) | (1.13) | 49.1 % |
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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