Financial Results : SAIC Q1 2025 profit falls 95% to SAR 5.3M

SAIC Q1 2025 profit falls 95% to SAR 5.3M

15/05/2025 Argaam Exclusive

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Saudi Advanced Industries Co. (SAIC) reported a net profit of SAR 5.3 million in Q1 2025, falling 95% compared to SAR 108.7 million in Q1 2024.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 121.89 15.20 (87.5 %)
Gross Income 121.89 15.20 (87.5 %)
Operating Income 112.21 8.43 (92.5 %)
Net Income 108.72 5.25 (95.2 %)
Average Shares 60.00 60.00 -
Earnings Per Share before unusual items (Riyal) 1.81 0.09 (95.2 %)
EPS (Riyal) 1.81 0.09 (95.2 %)

The year-on-year (YoY) profit drop was mainly due to lower revenue from reduced realized and unrealized gains on financial assets at fair value through profit or loss.

 

The bottom line was also pressured by a rise in financing costs.

 

These were partly offset by higher realized gains from the sale of stakes in associate companies and a greater share of profits from those associates.

 

Dividend income increased, while general and administrative expenses and estimated zakat charges both declined.

 

On a quarterly basis, SAIC’s profit also declined by 46.9% to SAR 9.88 million, due to lower unrealized gains on financial assets and lower dividend income.

 

Total shareholders’ equity, no minority interest, stood at SAR 1.23 billion as of March 31, 2025, compared to SAR 1.1 billion a year earlier.

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