Financial Results : Saudi Cable reports SAR 46.7M profit in Q1 2025

Saudi Cable reports SAR 46.7M profit in Q1 2025

14/05/2025 Argaam Exclusive

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Saudi Cable Co. swung to a net profit of SAR 46.7 million in Q1 2025 against a loss of SAR 4.8 million a year earlier.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 12.57 44.11 250.8 %
Gross Income (10.60) (4.25) 59.9 %
Operating Income (36.64) (13.84) 62.2 %
Net Income (4.85) 46.66 1063.0 %
Average Shares 6.67 6.67 -
Earnings Per Share before unusual items (Riyal) (0.73) 6.99 1063.0 %
EPS (Riyal) (0.73) 6.99 1063.0 %

The company recorded a net profit from continuing activities of SAR 49 million, due to a decrease in operating and administrative costs, in addition to its share of the associate's results. Meanwhile, a net loss from discontinued activities of SAR 2.32 million, resulting from the subsidiary's operations in Turkey, brought the net profit to SAR 46.7 million.

 

Additionally, the company reported higher sales volume due to increased market demand and improved customer acquisition.

 

Saudi Cable was also able to secure new projects and expand client base, which contributed to revenue growth.

 

These came besides effective measures implemented to control costs and improve operational efficiency and reduced administrative, selling, and financing costs.

 

Compared to Q4 2024, the company’s profit grew 705.7% from SAR 5.79 million.

 

Shareholders’ equity, no minority interest, reached SAR -378.73 million at the end of Q1 2025, compared to SAR -460.98 million in the year-earlier period.

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