Financial Results : Wafrah loses SAR 46.8M in 2025, SAR 26.7M in Q4

Wafrah loses SAR 46.8M in 2025, SAR 26.7M in Q4

30/03/2026 Argaam Exclusive

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Wafrah for Industry & Development Co. incurred a net loss of SAR 46.8 million in 2025, against net earnings of SAR 4.7 million in 2024.


Financials (M)

Item 2024 2025 Change‬
Revenues 156.95 123.17 (21.5 %)
Gross Income 46.18 9.54 (79.3 %)
Operating Income 3.77 (49.90) (1421.8 %)
Net Income 4.71 (46.76) (1093.3 %)
Average Shares 23.15 23.15 -
Earnings Per Share before unusual items (Riyals) 0.15 (2.12) (1551.4 %)
EPS (Riyal) 0.20 (2.02) (1093.3 %)

Revenue declined 21% yar-on-year (YoY) in 2025 to SAR 123.2 million, mainly due to lower sales volumes. Gross profit also fell to SAR 9.5 million from SAR 46.2 million in the previous year, negatively impacting margins.

 

In addition, operating costs increased, with the company recording an operating loss of SAR 49.9 million, compared to an operating profit of SAR 3.8 million in 2024.

 

However, this was partially offset by other income/revenue and gains on evaluation of investments at fair value through profit or loss, which helped mitigate part of the impact on net earnings during the year.



Current Quarter Comparison (M)

Compared With The
Item Q4 2024 Q4 2025 Change‬
Revenues 29.42 24.67 (16.1 %)
Gross Income 2.41 (8.14) (437.1 %)
Operating Income (6.55) (27.34) (317.5 %)
Net Income (13.87) (26.69) (92.4 %)
Average Shares 23.15 23.15 -
Earnings Per Share before unusual items (Riyal) (0.33) (1.15) (245.1 %)
EPS (Riyal) (0.60) (1.15) (92.4 %)

In Q4 2025, Wafrah widened net loss to SAR 26.7 million, from SAR 13.87 million in Q4 2024 and SAR 9.08 million in Q3 2025.

 

Total shareholders’ equity, no minority interest, reached SAR 191.09 million as of Dec. 31, 2025, compared to SAR 238.64 million a year earlier.

 

Accumulated losses reached SAR 39.62 million at the end of 2025, representing 17% of capital.

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