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.
| 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.
| 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 %) |
| Item | Q2 2025 | Q3 2025 | Change |
|---|---|---|---|
| Revenues | 181.40 | 201.10 | 10.9 % |
| Gross Income | 11.77 | 13.50 | 14.7 % |
| Operating Income | 1.53 | 3.00 | 96.4 % |
| Net Income | 1.87 | 2.70 | 44.5 % |
| Average Shares | 28.08 | 28.08 | - |
| Earnings Per Share before unusual items (Riyal) | 0.07 | 0.10 | 44.5 % |
| EPS (Riyal) | 0.07 | 0.10 | 44.5 % |
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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