Financial Results : SAIC loses SAR 110.1M in H1 2025, SAR 115.4M in Q2

SAIC loses SAR 110.1M in H1 2025, SAR 115.4M in Q2

11/08/2025 Argaam Exclusive

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Saudi Advanced Industries Co. (SAIC) reported a net loss of SAR 110.1 million in the first half of 2025, against earnings of SAR 217.2 million in the prior-year period.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 241.49 (91.12) (137.7 %)
Gross Income 241.49 (91.12) (137.7 %)
Operating Income 227.06 (103.74) (145.7 %)
Net Income 217.24 (110.14) (150.7 %)
Average Shares 60.00 60.00 -
Earnings Per Share before unusual items (Riyals) 3.62 (1.84) (150.7 %)
EPS (Riyal) 3.62 (1.84) (150.7 %)

The company attributed the swing to a loss to lower revenue from higher unrealized losses on financial assets at fair value through profit or loss, a decline in gains from selling shares in associates, and a drop in its share of associates’ profits. It also cited lower dividend income and higher finance charges.

 

These factors outweighed a decline in general, administrative, and Zakat expenses.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 119.60 (106.32) (188.9 %)
Gross Income 119.60 (106.32) (188.9 %)
Operating Income 114.85 (112.17) (197.7 %)
Net Income 108.52 (115.39) (206.3 %)
Average Shares 60.00 60.00 -
Earnings Per Share before unusual items (Riyal) 1.81 (1.92) (206.3 %)
EPS (Riyal) 1.81 (1.92) (206.3 %)

In the second quarter of 2025, the company reported net losses of SAR 115.4 million, against earnings of SAR 108.5 million.

 

SAIC also turned to losses from earnings of SAR 5.25 million in Q1 2025, mainly due to lower revenues.

 

Shareholders’ equity, no minority interest, rose to SAR 1.05 billion as of June 30, 2025, from SAR 1.15 billion a year earlier.

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