Financial Results : Saudi Cable earns SAR 201.9M in 2025, SAR 100.3M in Q4

Saudi Cable earns SAR 201.9M in 2025, SAR 100.3M in Q4

31/03/2026 Argaam Exclusive

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Saudi Cable Co. posted a net profit of SAR 201.9 million in 2025, surging from SAR 48.8 million in 2024.



Financials (M)

Item 2024 2025 Change‬
Revenues 44.08 155.95 253.8 %
Gross Income (18.92) (31.30) (65.4 %)
Operating Income (66.04) (101.01) (53.0 %)
Net Income 48.76 201.93 314.1 %
Average Shares 6.67 6.67 -
Earnings Per Share before unusual items (Riyals) 5.14 30.61 495.7 %
EPS (Riyal) 7.31 30.26 314.1 %

Revenue surged by over 250% year-on-year (YoY), driven by the conversion of the company’s backlog into recognized revenue, in addition to stronger market demand and improved customer attraction.

 

The company also adopted effective cost control measures and improved operational efficiency, which also boosted 2025 earnings.

 

The company’s share of profit from its associate, Midal, reached SAR 237 million, up 187% YoY.

 

In addition, the cable manufacturer recorded a net profit of SAR 204.25 million from continuing operations, mainly driven by its share of profit from an associate. It also incurred losses of SAR 2.3 million from discontinued operations, primarily related to its subsidiary in Turkey.

 

In Q4 2025, the cable manufacturer's bottom line soared to SAR 100.3 million from SAR 5.79 million in Q4 2024.

 

The three-month net earnings more than doubled from SAR 36.78 million in Q3 2025.



Current Quarter Comparison (M)

Compared With The
Item Q4 2024 Q4 2025 Change‬
Revenues 14.12 42.68 202.3 %
Gross Income 7.08 (6.45) (191.0 %)
Operating Income (10.23) (25.07) (145.0 %)
Net Income 5.79 100.26 1631.3 %
Average Shares 6.67 6.67 -
Earnings Per Share before unusual items (Riyal) (1.30) 15.37 1280.7 %
EPS (Riyal) 0.87 15.02 1631.3 %

Shareholders' equity, after minority interest, reached SAR 214.35 million by the end of 2025, compared with SAR 419.44 million a year earlier.

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