Financial Results : Saudi Cable reports SAR 101.7M profit in 9M 2025; Q3 at SAR 36.8M

Saudi Cable reports SAR 101.7M profit in 9M 2025; Q3 at SAR 36.8M

06/11/2025 Argaam Exclusive

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Saudi Cable Co. reported a net profit of SAR 101.7 million for the first nine months of 2025, compared to SAR 43 million in the same period of 2024.


Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 29.96 113.27 278.1 %
Gross Income (26.00) (24.86) 4.4 %
Operating Income (55.81) (75.94) (36.1 %)
Net Income 42.97 101.67 136.6 %
Average Shares 6.67 6.67 -
Earnings Per Share before unusual items (Riyals) 6.44 15.24 136.6 %
EPS (Riyal) 6.44 15.24 136.6 %

The company attributed the profit growth in the nine-month period to higher sales driven by stronger market demand and improved customer acquisition efforts. The award and completion of new projects also expanded the company’s client base, supporting revenue growth and leading to higher gross profitability.

 

Cost-control measures further contributed to the improvement in net profit. The company recorded a net profit from continuing operations of SAR 103.99 million, mainly due to its share of profit from its associate company, Midal Cable Co.

 

This was partially offset by a loss of SAR 2.33 million from discontinued operations related to its subsidiary in Turkey. Accordingly, the company reported a total net profit of SAR 101.67 million for the period.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 7.27 38.97 436.0 %
Gross Income (6.44) (5.98) 7.1 %
Operating Income 0.16 (20.55) (13025.8 %)
Net Income 35.94 36.78 2.3 %
Average Shares 6.67 6.67 -
Earnings Per Share before unusual items (Riyal) 5.39 5.51 2.3 %
EPS (Riyal) 5.39 5.51 2.3 %

Saudi Cable’s Q3 2025 net profit reached SAR 36.78 million, up 2.3% from SAR 35.94 million in a prior-year period.

 

On a sequential basis, net earnings soared 101.8% from SAR 18.23 million in Q2 2025.

 

Total shareholders’ equity, after minority interest, stood at SAR 314 million by Sept. 30, 2025, compared to SAR 409.33 a year earlier.

 

Accumulated losses stood at SAR 375.09 million by Sept. 30, 2025, representing 562% of capital.

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