Zahrat Al Waha for Trading Co. reported a net profit of SAR 3.2 million in 2025, down from SAR 12.1 million, a year earlier.
| Item | 2024 | 2025 | Change |
|---|---|---|---|
| Revenues | 544.69 | 475.34 | (12.7 %) |
| Gross Income | 60.61 | 50.20 | (17.2 %) |
| Operating Income | 33.31 | 23.88 | (28.3 %) |
| Net Income | 12.08 | 3.20 | (73.5 %) |
| Average Shares | 225.00 | 225.00 | - |
| Earnings Per Share before unusual items (Riyals) | 0.06 | 0.01 | (75.7 %) |
| EPS (Riyal) | 0.05 | 0.01 | (73.5 %) |
The decline in profits was primarily driven by a 12.73% decrease in sales in 2025 compared to 2024, mainly due to an 18.41% drop in plastic preforms segment revenues, which fell from SAR 445.3 million to SAR 363.4 million.
This decline resulted from a 16.16% reduction in average raw material prices and a 3.74% decrease in sales volumes, reflecting a shift toward lower-weight, lower-priced preforms.
Profitability was further impacted by a 3.69% increase in selling and distribution expenses due to higher transportation costs.
In addition, the company recognized fair value losses on investments amounting to SAR 2.79 million, compared to none in the prior period.
The results were also affected by losses of SAR 8.28 million in Q1 2025 and a decline in Q2 2025 profits by SAR 0.4 million.
Moreover, startup losses were recorded from the new printing and packaging segment, which began commercial operations in 2025.
The Q4 2025 net profit dropped 13.5% to SAR 5.07 million, from SAR 5.85 million in Q4 2024.
Sequentially, net profit declined 15.8% from SAR 6.01 million in Q3 2025.
| Item | Q4 2024 | Q4 2025 | Change |
|---|---|---|---|
| Revenues | 115.77 | 95.99 | (17.1 %) |
| Gross Income | 16.60 | 16.00 | (3.6 %) |
| Operating Income | 10.73 | 11.79 | 9.9 % |
| Net Income | 5.85 | 5.07 | (13.5 %) |
| Average Shares | 225.00 | 225.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.03 | 0.02 | (13.5 %) |
| EPS (Riyal) | 0.03 | 0.02 | (13.5 %) |
| Item | Q3 2025 | Q4 2025 | Change |
|---|---|---|---|
| Revenues | 121.85 | 95.99 | (21.2 %) |
| Gross Income | 16.65 | 16.00 | (3.9 %) |
| Operating Income | 11.15 | 11.79 | 5.8 % |
| Net Income | 6.01 | 5.07 | (15.8 %) |
| Average Shares | 225.00 | 225.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.03 | 0.02 | (15.8 %) |
| EPS (Riyal) | 0.03 | 0.02 | (15.8 %) |
Total shareholders’ equity, no minority interest, stood at SAR 291.02 million by Dec. 31, 2025, compared to SAR 297.87 million a year earlier.
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