Financial Results : Sinad narrows Q1 2025 loss to SAR 2.7M

Sinad narrows Q1 2025 loss to SAR 2.7M

11/05/2025 Argaam Exclusive

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Sinad Holding Co. narrowed its losses to SAR 2.7 million in the first quarter of 2025 from SAR 14 million in the same period a year ago.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 445.52 412.06 (7.5 %)
Gross Income 130.28 112.97 (13.3 %)
Operating Income 10.54 3.47 (67.1 %)
Net Income (14.02) (2.73) 80.5 %
Average Shares 126.39 126.39 -
Earnings Per Share before unusual items (Riyals) (0.11) (0.02) 80.5 %
EPS (Riyals) (0.11) (0.02) 80.5 %

The improvement was driven by higher investment profits, lower general and administrative expenses, and a decline in foreign exchange losses.

 

However, sales fell year-on-year (YoY), as revenue from a subsidiary was hit by the weakening of the Egyptian pound.

 

In Q4 2024, Sinad posted a net profit of SAR 7.95 million.

 

Shareholders’ equity, after minority interest, amounted to SAR 1.18 billion by the end of Q1 2025, compared to SAR 1.05 billion in the same period a year ago.

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