Saudi Advanced Industries Co. (SAIC) reported a net loss of SAR 109.3 million in the first nine months of 2025, compared with a net profit of SAR 285.2 million in the prior-year period.
| Item | 9m 2024 | 9m 2025 | Change |
|---|---|---|---|
| Revenues | 323.19 | (81.36) | (125.2 %) |
| Gross Income | 323.19 | (81.36) | (125.2 %) |
| Operating Income | 301.30 | (99.59) | (133.1 %) |
| Net Income | 285.18 | (109.25) | (138.3 %) |
| Average Shares | 60.00 | 60.00 | - |
| Earnings Per Share before unusual items (Riyals) | 4.75 | (1.82) | (138.3 %) |
| EPS (Riyal) | 4.75 | (1.82) | (138.3 %) |
The company attributed the losses to lower revenues, due to an increase in unrealized losses from financial assets measured at fair value through profit or loss, as well as a decrease in realized gains from the sale of financial assets measured at fair value through profit or loss. This is in addition to a decline in realized gains from the sale of an interest in associate companies, as well as a decrease in the company’s share of profits from associate companies and higher financing costs.
This was despite an increase in dividend income, a decrease in general and administrative expenses, as well as a fall in estimated Zakat.
| Item | Q3 2024 | Q3 2025 | Change |
|---|---|---|---|
| Revenues | 81.71 | 9.75 | (88.1 %) |
| Gross Income | 81.71 | 9.75 | (88.1 %) |
| Operating Income | 74.25 | 4.15 | (94.4 %) |
| Net Income | 67.94 | 0.89 | (98.7 %) |
| Average Shares | 60.00 | 60.00 | - |
| Earnings Per Share before unusual items (Riyal) | 1.13 | 0.01 | (98.7 %) |
| EPS (Riyal) | 1.13 | 0.01 | (98.7 %) |
| Item | Q2 2025 | Q3 2025 | Change |
|---|---|---|---|
| Revenues | (106.32) | 9.75 | 109.2 % |
| Gross Income | (106.32) | 9.75 | 109.2 % |
| Operating Income | (112.17) | 4.15 | 103.7 % |
| Net Income | (115.39) | 0.89 | 100.8 % |
| Average Shares | 60.00 | 60.00 | - |
| Earnings Per Share before unusual items (Riyal) | (1.92) | 0.01 | 100.8 % |
| EPS (Riyal) | (1.92) | 0.01 | 100.8 % |
In the third quarter of 2025, the company’s net profit plunged 98.7% to SAR 890,000, compared to SAR 67.9 million a year ago,
On a quarterly basis, SAIC turned profitable from a loss of SAR 115.39 million in Q2 2025.
Shareholders’ equity, no minority interest, declined to SAR 1.05 billion as of Sept. 30, 2025, from SAR 1.21 billion a year earlier.
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