Financial Results : Maadaniyah cuts loss to SAR 8.6M in H1 2025, SAR 5.4M in Q2

Maadaniyah cuts loss to SAR 8.6M in H1 2025, SAR 5.4M in Q2

07/08/2025 Argaam Exclusive

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National Metal Manufacturing and Casting Co. (Maadaniyah) narrowed its H1 2025 net losses to SAR 8.6 million, from SAR 19.2 million in the year-earlier period, citing higher revenues.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 119.37 134.01 12.3 %
Gross Income 4.13 11.77 185.1 %
Operating Income (12.05) (6.61) 45.2 %
Net Income (19.17) (8.60) 55.2 %
Average Shares 35.40 35.40 -
Earnings Per Share before unusual items (Riyals) (0.54) (0.24) 55.2 %
EPS (Riyal) (0.54) (0.24) 55.2 %

The metal casting firm said that sales of drawn wire and related products increased by about 24% year-on-year (YoY), due to improvement in market demand. Sales of axles, spare parts and casting products decreased by about 8% YoY on weak demand in local and export markets.

 

Furthermore, Maadaniyah reported a rise in other income, and recorded a reversal in expected credit loss provisions during the first six months of 2025. The Zakat provision and losses from discontinued operations also decreased for the same period.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 57.04 63.87 12.0 %
Gross Income 1.02 5.96 484.8 %
Operating Income (8.21) (4.35) 47.1 %
Net Income (11.78) (5.40) 54.2 %
Average Shares 35.40 35.40 -
Earnings Per Share before unusual items (Riyal) (0.33) (0.15) 54.2 %
EPS (Riyal) (0.33) (0.15) 54.2 %

In Q2 2025, Maadaniyah’s losses dropped 54.2% to SAR 5.4 million, from SAR 11.7 million in Q2 2024 on higher revenues.

 

On a sequential basis, however, net losses deepened by 69.1% from SAR 3.1 million in Q1 2025 as sales declined, while selling, marketing, general and administrative expenses increased quarter-on-quarter (QoQ).

 

Total shareholders’ equity, no minority interest, decreased to SAR 236.88 million as of June 30, 2025, from SAR 265.11 million a year earlier.

 

Accumulated losses stood at SAR 117.12 million by the end of the six-month period, representing 33.08% of the company’s capital.

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