Financial Results : Saudi Cable posts SAR 64.9M profit for H1 2025, SAR 18.2M for Q2

Saudi Cable posts SAR 64.9M profit for H1 2025, SAR 18.2M for Q2

31/07/2025 Argaam Exclusive

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Saudi Cable Co. reported a net profit of SAR 64.9 million in H1 2025, compared to SAR 7 million in H1 2024.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 22.69 74.30 227.4 %
Gross Income (19.56) (18.88) 3.5 %
Operating Income (55.97) (55.39) 1.0 %
Net Income 7.02 64.89 823.9 %
Average Shares 6.67 6.67 -
Earnings Per Share before unusual items (Riyals) 1.05 9.72 823.9 %
EPS (Riyal) 1.05 9.72 823.9 %

This was spurred by a substantial increase in sales and higher overall profitability. The company also cited effective cost control measures, partially offset by a loss of SAR 2.33 billion from discontinued operations related to its Turkish subsidiary.

 

Saudi Cable’s Q2 2025 net profit reached SAR 18.2 million, up 53.6% from SAR 11.87 million in a prior-year period.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 10.12 30.19 198.4 %
Gross Income (8.96) (14.63) (63.2 %)
Operating Income (19.33) (41.55) (115.0 %)
Net Income 11.87 18.23 53.6 %
Average Shares 6.67 6.67 -
Earnings Per Share before unusual items (Riyal) 1.78 2.73 53.6 %
EPS (Riyal) 1.78 2.73 53.6 %

On a sequential basis, net earnings slumped 61% from SAR 46.66 million in Q1 2025.

 

Total shareholders’ equity, no minority interest, stood at SAR 360.17 million by June 30, 2025, compared to SAR 445.66 a year earlier.

 

Accumulated losses stood at SAR 411.87 million by June 30, 2025, representing 617% of capital.

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