Financial Results : ARTEX turns to SAR 8.9M profit in 9M 2025; Q3 at SAR 6.2M

ARTEX turns to SAR 8.9M profit in 9M 2025; Q3 at SAR 6.2M

10/11/2025 Argaam Exclusive

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ARTEX Industrial Investment Co. reported a net profit of SAR 8.9 million for the first nine months of 2025, versus a net loss of SAR 12.4 million a year earlier.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 382.17 399.42 4.5 %
Gross Income 23.37 39.12 67.4 %
Operating Income (6.79) 14.18 308.9 %
Net Income (12.44) 8.88 171.4 %
Average Shares 81.25 81.25 -
Earnings Per Share before unusual items (Riyals) (0.28) (0.30) (6.2 %)
EPS (Riyal) (0.15) 0.11 171.4 %

Sales revenue increased marginally due to higher local sales volume and better pricing in comparison to the same period of last year.

 

Net profit was affected due to the provision of SAR 11.9 million incorporated for follow-up cost and balance amount of guarantee, which has been claimed by SIDF against the guarantee given to SIDF on behalf of Al-Reef Sugar Co. (where ARTEX holds 15% stake).

 

Zakat assessment finalized for 2021, 2022 and 2023, therefore, additional provision of SAR 7.9 million was incorporated during the period.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 119.15 112.74 (5.4 %)
Gross Income 2.04 (1.08) (153.1 %)
Operating Income (9.11) (8.84) 3.0 %
Net Income (4.83) 6.16 227.4 %
Average Shares 81.25 81.25 -
Earnings Per Share before unusual items (Riyal) (0.19) (0.38) (104.4 %)
EPS (Riyal) (0.06) 0.08 227.4 %

Q3 2025 net profit reached SAR 6.2 million, versus a net loss of SAR 4.8 million in Q3 2024, mainly due to gain on disposal of a building.

 

Sequentially, the company flipped to a net profit versus a net loss of SAR 2.9 million in Q2 2025.

Total shareholders’ equity, no minority interest, stood at SAR 1.04 billion at the end of Sept. 30, 2025, from SAR 1.18 billion in the year-earlier period.

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