Financial Results : Al Kathiri loses SAR 8.1M in 9M 2025, SAR 454,000 in Q3

Al Kathiri loses SAR 8.1M in 9M 2025, SAR 454,000 in Q3

10/11/2025 Argaam Exclusive

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Al Kathiri Holding Co. reported a net loss, excluding minority interest, of SAR 8.1 million in the first nine months of 2025, compared with a profit of SAR 2 million a year earlier.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 142.78 198.17 38.8 %
Gross Income 20.00 15.79 (21.0 %)
Operating Income 9.46 (0.27) (102.9 %)
Net Income 2.04 (8.10) (497.9 %)
Average Shares 226.04 226.04 -
Earnings Per Share before unusual items (Halala) 0.90 (3.58) (497.9 %)
EPS (Halala) 0.90 (3.58) (497.9 %)

The company attributed the loss to rising costs of revenue outpacing revenue growth, higher operating, administrative, and selling and distribution expenses linked to business expansion, and a slight increase in finance costs, which together eroded profit margins.

 

Conversely, revenue rose 39% year-on-year, primarily driven by a 184% surge in the contracting segment due to an increase in project volume, along with a 56% rise in precast concrete panel sales. Meanwhile, the ready-mix concrete segment declined slightly by 5%, and the cement sector by 4%; however, growth in the other sectors contributed to the overall increase in revenue.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 54.68 74.97 37.1 %
Gross Income 7.38 8.05 9.0 %
Operating Income 4.17 2.39 (42.7 %)
Net Income 1.56 (0.45) (129.0 %)
Average Shares 226.04 226.04 -
Earnings Per Share before unusual items (Halala) 0.69 (0.20) (129.0 %)
EPS (Halala) 0.69 (0.20) (129.0 %)

In Q3 2025, Al Kathiri turned to a loss of SAR 454,000, versus a profit of SAR 1.56 million in Q3 2024. Sequentially, net losses shrank from SAR 2.57 million in Q2 2025.

 

Total shareholders’ equity, excluding minority interest, stood at SAR 104.09 million by Sept. 30, 2025, compared to SAR 133.06 million in the prior-year period.

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