Zahrat Al Waha for Trading Co. reported a net loss of SAR 1.9 million in the nine-month period of 2025, against a net profit of SAR 6.2 million in the year-earlier period.
| Item | 9m 2024 | 9m 2025 | Change |
|---|---|---|---|
| Revenues | 428.92 | 379.35 | (11.6 %) |
| Gross Income | 44.01 | 34.21 | (22.3 %) |
| Operating Income | 22.58 | 12.09 | (46.5 %) |
| Net Income | 6.22 | (1.87) | (130.0 %) |
| Average Shares | 22.50 | 22.50 | - |
| Earnings Per Share before unusual items (Riyals) | 0.26 | (0.07) | (125.6 %) |
| EPS (Riyal) | 0.28 | (0.08) | (130.0 %) |
This was attributed to lower sales volumes of the preform and the caps segments (tons), as well as a decline in selling prices for the two segments during the nine-month period on lower raw material costs.
In addition, the nine-month gross profit contracted on an annual basis, primarily due to a reduction in the cost of goods sold, particularly during Q1 2025.
The company also cited an increase in the allowance for impairment losses on trade receivables; losses on investments measured at fair value through profit or loss; and higher financing costs.
In Q3 2025, net earnings leapt 48.2% to SAR 6 million, from SAR 4.1 million in Q3 2024.
On a quarterly basis, the three-month net earnings soared from SAR 400,000 in Q2 2025.
| Item | Q3 2024 | Q3 2025 | Change |
|---|---|---|---|
| Revenues | 146.45 | 121.85 | (16.8 %) |
| Gross Income | 15.63 | 16.65 | 6.5 % |
| Operating Income | 9.68 | 11.22 | 15.9 % |
| Net Income | 4.06 | 6.01 | 48.2 % |
| Average Shares | 22.50 | 22.50 | - |
| Earnings Per Share before unusual items (Riyal) | 0.22 | 0.27 | 23.9 % |
| EPS (Riyal) | 0.18 | 0.27 | 48.2 % |
| Item | Q2 2025 | Q3 2025 | Change |
|---|---|---|---|
| Revenues | 131.56 | 121.85 | (7.4 %) |
| Gross Income | 13.50 | 16.65 | 23.3 % |
| Operating Income | 6.30 | 11.22 | 78.0 % |
| Net Income | 0.40 | 6.01 | 1403.4 % |
| Average Shares | 22.50 | 22.50 | - |
| Earnings Per Share before unusual items (Riyal) | 0.08 | 0.27 | 215.3 % |
| EPS (Riyal) | 0.02 | 0.27 | 1403.4 % |
Total shareholders’ equity, no minority interest, stood at SAR 285.88 million by Sept. 30, 2025, compared to SAR 291.81 million in the prior-year period.
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