SIIG turns to SAR 104M loss in 2025; Q4 loss at SAR 150M

Saudi Industrial Investment Group (SIIG) swung to a net loss of SAR 104 million in 2025, versus a net profit of SAR 201 million a year earlier.

The losses were primarily driven by the company’s lower profit share from its joint venture investments (S-Chem) during the current period, due to lower average selling prices and higher energy costs. However, it was partially offset by an increase in sales volume.

SIIG also cited a decline in Murabaha financing income amid lower cash balances and lower Murabaha rates.

Furthermore, Zakat provisions related to prior years amounting to SAR 42 million were reversed in the current period, compared with SAR 99 million reversed in the corresponding period last year.

Zakat expenses for 2025 amounted to SAR 12 million, compared to SAR 41 million for 2024, due to the group’s capital reduction of SAR 755 million, the purchase of treasury shares of SAR 200 million, and dividend distributions of SAR 167 million, which reduced the Zakat base.

Q4 2025 net loss reached SAR 150 million, against a net profit of SAR 11.26 million in Q4 2024. 

On a quarterly basis, SIIG turned to a net loss, versus a net profit of SAR 8.33 million in Q3 2025.  

Total shareholders’ equity, excluding minority interest, fell to SAR 8.59 billion as of Dec. 31, 2025, compared to SAR 9.83 billion in the prior-year period.

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