Financial Results : SARCO loses SAR 22.1M in 9M 2025, earns SAR 1.6M in Q3

SARCO loses SAR 22.1M in 9M 2025, earns SAR 1.6M in Q3

06/11/2025 Argaam Exclusive

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Saudi Arabia Refineries Co. (SARCO) reported a net loss of SAR 22.1 million for the first nine months of 2025, compared to a net profit of SAR 17 million in the same period a year earlier.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Operating Income (15.17) (16.46) (8.5 %)
Net Income (17.01) (22.08) (29.8 %)
Average Shares 15.00 15.00 -
Earnings Per Share before unusual items (Riyals) (0.03) 0.14 603.3 %
EPS (Riyal) (1.13) (1.47) (29.8 %)

The shift to losses was mainly due to lower revenue, driven by a decrease in dividend income from equity investments in the company’s portfolio, alongside higher zakat provisions and increased operating expenses during the period.

 

These factors were partially offset by lower unrealized losses from equity investments and a higher share of profit from associates, particularly from Arabtank Terminals Co. Ltd.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Operating Income (12.95) 3.44 126.6 %
Net Income (14.39) 1.64 111.4 %
Average Shares 15.00 15.00 -
Earnings Per Share before unusual items (Riyal) 0.15 0.11 (25.3 %)
EPS (Riyal) (0.96) 0.11 111.4 %

In Q3 2025, SARCO posted a net profit of SAR 1.64 million, compared to a net loss of SAR 14.39 million in Q3 2024. Sequentially, the company also turned profitable from a loss of SAR 25.8 million.

 

Total shareholders’ equity, with no minority interest, stood at SAR 321.39 million by Sept. 30, 2025, down from SAR 379.94 million a year earlier.

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