Financial Results : Aslak incurs net loss of SAR 623,000 in Q1 2025

Aslak incurs net loss of SAR 623,000 in Q1 2025

14/05/2025 Argaam Exclusive

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United Wire Factories Co. (Aslak) recorded a net loss of SAR 623,000 in Q1 2025, against a net profit of SAR 6.1 million in the year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 187.21 164.82 (12.0 %)
Gross Income 15.92 10.52 (33.9 %)
Operating Income 6.81 (0.25) (103.7 %)
Net Income 6.07 (0.62) (110.3 %)
Average Shares 28.08 28.08 -
Earnings Per Share before unusual items (Riyal) 0.22 (0.02) (110.3 %)
EPS (Riyal) 0.22 (0.02) (110.3 %)

The negative results are attributed to declines in sales volume, margins, and investment income.

 

Sequentially, the company flipped to a net loss versus a profit of SAR 1.97 million in Q4 2024.

 

Shareholders’ equity, excluding minority interest, amounted to SAR 366.9 million by the end of Q1 2025, compared to SAR 378 million in the year-ago period.

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