Financial Results : Amiantit loses SAR 9.6M in H1 2025, SAR 20.3M in Q2

Amiantit loses SAR 9.6M in H1 2025, SAR 20.3M in Q2

04/08/2025 Argaam Exclusive

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Saudi Arabian Amiantit Co. turned to a loss of SAR 9.6 million in H1 2025, from earnings of SAR 479.6 million in the prior-year period.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 395.46 351.00 (11.2 %)
Gross Income (43.54) 17.28 139.7 %
Operating Income (120.46) (23.91) 80.2 %
Net Income 479.62 (9.62) (102.0 %)
Average Shares 44.33 44.55 0.5 %
Earnings Per Share before unusual items (Riyals) (3.60) (0.22) 94.0 %
EPS (Riyal) 10.82 (0.22) (102.0 %)

Revenues fell 11.2% year-on-year (YoY) in the first half of this year, due to a delay in supply requests from some customers.

 

The company had recorded an exceptional accounting profit of SAR 639 million in H1 2024, resulting from the settlement of 77% of its bank obligations.

 

In H1 2025, sales declined compared with a year earlier.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 195.27 168.24 (13.8 %)
Gross Income 27.35 4.08 (85.1 %)
Operating Income 16.81 (17.15) (202.0 %)
Net Income 5.11 (20.28) (496.5 %)
Average Shares 44.33 44.55 0.5 %
Earnings Per Share before unusual items (Riyal) 0.12 (0.46) (494.6 %)
EPS (Riyal) 0.12 (0.46) (494.6 %)

In Q2 2025, Amiantit swung to a net loss of SAR 20.28 million, from a net profit of SAR 5.11 million in Q2 2024, mainly due to lower revenues.

 

Sequentially, the company turned to a net loss from earnings of SAR 10.66 million in Q1 2025.

 

Total shareholders’ equity, excluding minority interest, increased to SAR 913.3 million as of June 30, 2025, from SAR 911.4 million in the earlier-year period.

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