Financial Results : SIIG 9M 2025 profit plummets 76% to SAR 46M; Q3 at SAR 8M

SIIG 9M 2025 profit plummets 76% to SAR 46M; Q3 at SAR 8M

29/10/2025 Argaam Exclusive

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Saudi Industrial Investment Group (SIIG) reported a net profit of SAR 46 million for the first nine months of 2025, a decline of 76% from SAR 190 million in the year-ago period.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Operating Income 204.00 40.00 (80.4 %)
Net Income 190.00 46.00 (75.8 %)
Average Shares 679.32 679.32 -
Earnings Per Share before unusual items (Riyals) 0.28 0.07 (75.8 %)
EPS (Riyal) 0.28 0.07 (75.8 %)

SIIG’s profit share in its JV investments (S-Chem) decreased in the nine-month period, mainly because of lower selling prices, despite lower feedstock costs.

 

Sales volume improved in 9M 2025 as there was scheduled turnarounds for Saudi Chevron Phillips (SCP) and Jubail Chevron Phillips (JCP) in the same period last year.

 

SIIG also cited lower Zakat expenses during the current period to SAR 15 million compared to SAR 34 million in the same period last year, mainly due to a capital reduction by SAR 755 million, a treasury share buyback at SAR 200 million, and the reduction of Zakat provisions at the end of 2024.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Operating Income 106.00 7.00 (93.4 %)
Net Income 98.00 8.00 (91.8 %)
Average Shares 679.32 679.32 -
Earnings Per Share before unusual items (Riyal) 0.14 0.01 (91.8 %)
EPS (Riyal) 0.14 0.01 (91.8 %)

The third-quarter net profit dropped 92% to SAR 8 million, from SAR 98 million in Q3 2024.

 

Sequentially, the three-month bottom line fell 59.2% from SAR 19.63 million in Q2 2025.

 

Shareholders’ equity, excluding minority interest, stood at SAR 8.9 billion by the end of Sept. 30, 2025, compared to SAR 10.02 billion in the year-earlier period.

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