Financial Results : SIDC incurs losses of SAR 89.1M in 2025, SAR 63.3M in Q4

SIDC incurs losses of SAR 89.1M in 2025, SAR 63.3M in Q4

31/03/2026 Argaam Exclusive

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Saudi Industrial Development Co. (SIDC) expanded its net loss to SAR 89.1 million in 2025, from SAR 16.9 million a year earlier.



Financials (M)

Item 2024 2025 Change‬
Revenues 137.67 98.81 (28.2 %)
Gross Income 30.58 13.48 (55.9 %)
Operating Income (21.52) (86.40) (301.4 %)
Net Income (16.91) (89.06) (426.8 %)
Average Shares 20.97 30.00 43.0 %
Earnings Per Share before unusual items (Riyals) (0.92) (2.97) (224.4 %)
EPS (Riyal) (0.81) (2.97) (268.3 %)

The negative bottom line was attributed to a decrease in sales revenues in 2025, mainly due to the decline in sales of the mattress and foam segment.

 

Meanwhile, the company recognized an impairment in goodwill and a decline in operating profit during the same year, given the decrease in the full-year gross profit on lower sales, in addition to higher impairment recorded on current assets.

 

The company saw a flop of SAR 36.3 million in Q4 2025, versus a net profit of SAR 3.16 million a year earlier.

 

On a quarterly basis, SIDC widened losses from SAR 8.05 million in Q3 2025.



Current Quarter Comparison (M)

Compared With The
Item Q4 2024 Q4 2025 Change‬
Revenues 38.10 22.53 (40.9 %)
Gross Income 8.82 1.67 (81.1 %)
Operating Income (0.88) (62.10) (6,988.0 %)
Net Income 3.16 (63.27) (2099.2 %)
Average Shares 20.97 30.00 43.0 %
Earnings Per Share before unusual items (Riyal) 0.04 (2.11) (5139.2 %)
EPS (Riyal) 0.15 (2.11) (1497.7 %)

Total shareholders’ equity, excluding minority interest, reached SAR 138.77 million as of Dec. 31, 2025, compared to SAR 73.76 million a year earlier.

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