National Metal Manufacturing and Casting Co. (Maadaniyah) narrowed its losses to SAR 14.2 million in the first nine months of 2025, compared to a net loss of SAR 28.1 million in a year-earlier period.
| Item | 9m 2024 | 9m 2025 | Change |
|---|---|---|---|
| Revenues | 187.51 | 180.23 | (3.9 %) |
| Gross Income | 5.56 | 14.66 | 163.7 % |
| Operating Income | (18.17) | (10.12) | 44.3 % |
| Net Income | (28.12) | (14.24) | 49.4 % |
| Average Shares | 35.40 | 35.40 | - |
| Earnings Per Share before unusual items (Riyals) | (0.79) | (0.40) | 49.4 % |
| EPS (Riyal) | (0.79) | (0.40) | 49.4 % |
The company ascribed the lower losses to improvement in sales of drawn wire products and a decrease in their cost of production, in addition to the increase in reversal of expected credit losses, increase in other income, decrease in provision for Zakat, and decrease in losses from discontinued operations.
In Q3 2025, Maadniyah’s net losses shrank by 36.9% to SAR 5.64 million from SAR 8.94 million a year. However, net losses deepened by 4.4% from SAR 5.40 million in Q2 2025.
| Item | Q3 2024 | Q3 2025 | Change |
|---|---|---|---|
| Revenues | 68.15 | 46.21 | (32.2 %) |
| Gross Income | 1.43 | 2.89 | 102.1 % |
| Operating Income | (6.65) | (4.22) | 36.5 % |
| Net Income | (8.94) | (5.64) | 36.9 % |
| Average Shares | 35.40 | 35.40 | - |
| Earnings Per Share before unusual items (Riyal) | (0.25) | (0.16) | 36.9 % |
| EPS (Riyal) | (0.25) | (0.16) | 36.9 % |
| Item | Q2 2025 | Q3 2025 | Change |
|---|---|---|---|
| Revenues | 63.87 | 46.21 | (27.7 %) |
| Gross Income | 5.96 | 2.89 | (51.5 %) |
| Operating Income | (4.10) | (4.22) | (2.9 %) |
| Net Income | (5.40) | (5.64) | (4.4 %) |
| Average Shares | 35.40 | 35.40 | - |
| Earnings Per Share before unusual items (Riyal) | (0.15) | (0.16) | (4.4 %) |
| EPS (Riyal) | (0.15) | (0.16) | (4.4 %) |
Total shareholders’ equity, no minority interest, reached SAR 231.2 million as of Sept. 30, 2025, down from SAR 256.16 million in the corresponding period of the year before.
Accumulated loss reached SAR 122.76 million by the end of the nine-month period, accounting for 34.68% of the company’s capital.
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