Financial Results : SARCO posts SAR 2.1M profits in Q1 2025

SARCO posts SAR 2.1M profits in Q1 2025

12/05/2025 Argaam Exclusive

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Saudi Arabia Refineries Co. (SARCO) turned to a net profit of SAR 2.1 million in Q1 2025, from a net loss of SAR 599,100 in the prior-year period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 0.00 0.00 -
Gross Income 0.00 0.00 -
Operating Income (0.68) (2.75) (304.4 %)
Net Income (0.60) 2.08 447.3 %
Average Shares 15.00 15.00 -
Earnings Per Share before unusual items (Riyal) (0.04) 0.14 447.3 %
EPS (Riyal) (0.04) 0.14 447.3 %

SARCO reported an increase in dividend income from investments measured at fair value through profit or loss (P/L). Further, its share of profits from investments in associates surged by 600% year-on-year (YoY) by Q1 2025-end.

 

SARCO also reported an increase in unrealized gains from the revaluation of investments measured at fair value through P/L for the same quarter.

 

Sequentially, the company also turned profitable from a net loss of SAR 36.4 million in Q4 2024, as dividend income from investments measured at fair value through P/L rose on a quarterly basis in Q1 2025. Moreover, general and administrative expenses fell by 53% quarter-on-quarter for the three-month period.

 

Total shareholders’ equity, no minority interest, reached SAR 345.55 million as of March 31, 2025, down from SAR 447.82 million a year earlier.

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