Financial Results : Aslak profit down 73% to SAR 3.9M in 9M 2025; Q3 at SAR 2.7M

Aslak profit down 73% to SAR 3.9M in 9M 2025; Q3 at SAR 2.7M

09/11/2025 Argaam Exclusive

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United Wire Factories Co. (Aslak) reported a net profit decline of 73% to SAR 3.9 million in the first nine months of 2025, compared to SAR 14.3 million in the corresponding period last year, on lower profit margins.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 527.39 547.30 3.8 %
Gross Income 44.08 35.80 (18.8 %)
Operating Income 16.10 4.30 (73.3 %)
Net Income 14.26 3.90 (72.7 %)
Average Shares 28.08 28.08 -
Earnings Per Share before unusual items (Riyals) 0.51 0.14 (72.7 %)
EPS (Riyal) 0.51 0.14 (72.7 %)

On the other hand, the company reported higher sales during the current period driven by higher sales volumes.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 166.04 201.10 21.1 %
Gross Income 13.52 13.50 (0.1 %)
Operating Income 4.01 3.00 (25.2 %)
Net Income 4.01 2.70 (32.7 %)
Average Shares 28.08 28.08 -
Earnings Per Share before unusual items (Riyal) 0.14 0.10 (32.7 %)
EPS (Riyal) 0.14 0.10 (32.7 %)

In Q3 2025, Aslak’s net profit fell 32.7% to SAR 2.7 million, from SAR 4 million in the prior-year period.

 

Net earnings rose by 44.5% from SAR 1.87 million in Q2 2025.

 

Total shareholders’ equity, excluding minority interest, dropped to SAR 371.5 million as of Sept. 30, 2025, from SAR 386.2 million a year earlier.

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