Item | 6m 2024 | 6m 2025 | Change |
---|---|---|---|
Revenues | 1,665.39 | 1,354.97 | (18.6 %) |
Gross Income | 473.96 | 309.20 | (34.8 %) |
Operating Income | 237.16 | 59.07 | (75.1 %) |
Net Income | 168.28 | 21.19 | (87.4 %) |
Average Shares | 80.00 | 80.00 | - |
Earnings Per Share before unusual items (Riyals) | 2.48 | 0.26 | (89.3 %) |
EPS (Riyal) | 2.10 | 0.26 | (87.4 %) |
The company reported a 34.76% year-on-year (YoY) decline in gross profit. Additionally, it reported an impairment of SAR 30.46 million related to property, equipment, and unproductive spare parts in H1 2024.
SRMG also reported an 18.64% YoY decline in revenue.
The company incurred a net loss of SAR 9.74 million in Q2 2025, versus a net profit of SAR 81.4 million in Q2 2024.
Item | Q2 2024 | Q2 2025 | Change |
---|---|---|---|
Revenues | 850.53 | 689.32 | (19.0 %) |
Gross Income | 247.92 | 148.16 | (40.2 %) |
Operating Income | 113.77 | 11.94 | (89.5 %) |
Net Income | 81.42 | (9.74) | (112.0 %) |
Average Shares | 80.00 | 80.00 | - |
Earnings Per Share before unusual items (Riyal) | 1.40 | (0.12) | (108.7 %) |
EPS (Riyal) | 1.02 | (0.12) | (112.0 %) |
Item | Q1 2025 | Q2 2025 | Change |
---|---|---|---|
Revenues | 665.66 | 689.32 | 3.6 % |
Gross Income | 161.04 | 148.16 | (8.0 %) |
Operating Income | 47.13 | 11.94 | (74.7 %) |
Net Income | 30.94 | (9.74) | (131.5 %) |
Average Shares | 80.00 | 80.00 | - |
Earnings Per Share before unusual items (Riyal) | 0.39 | (0.12) | (131.5 %) |
EPS (Riyal) | 0.39 | (0.12) | (131.5 %) |
On a sequential basis, SRMG turned to a net loss versus a net profit of SAR 30.9 million in Q1 2025.
Shareholders’ equity, after minority interest, reached SAR 3.29 billion by June 30, 2025, compared to SAR 3.16 billion in the year-earlier period.
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