Financial Results : Sinad loses SAR 5.8M in H1 2025, SAR 3M in Q2

Sinad loses SAR 5.8M in H1 2025, SAR 3M in Q2

05/08/2025 Argaam Exclusive

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Sinad Holding Co. narrowed its losses to SAR 5.8 million in H1 2025, from SAR 13.1 million in the same period last year.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 853.14 822.82 (3.6 %)
Gross Income 258.09 228.30 (11.5 %)
Operating Income 36.12 13.83 (61.7 %)
Net Income (13.11) (5.77) 56.0 %
Average Shares 126.39 126.39 -
Earnings Per Share before unusual items (Riyals) (0.10) (0.05) 56.0 %
EPS (Riyal) (0.10) (0.05) 56.0 %

The improved six-month performance was due to lower general and administrative expenses and higher other operating income, alongside a pullback in foreign exchange (forex) losses and Zakat expenses.

 

However, in H1 2025, sales declined year-on-year (YoY), primarily due to the impact of currency depreciation at an Egypt-based subsidiary, despite the increase in the latter’s sales in Egyptian pound. In addition, Saudi-based subsidiaries reported lower sales during the same period.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 407.63 410.75 0.8 %
Gross Income 127.81 115.33 (9.8 %)
Operating Income 25.57 10.37 (59.5 %)
Net Income 0.91 (3.04) (434.4 %)
Average Shares 126.39 126.39 -
Earnings Per Share before unusual items (Riyal) 0.01 (0.02) (434.4 %)
EPS (Riyal) 0.01 (0.02) (434.4 %)

In Q2 2025, the company turned to a net loss of SAR 3 million, from earnings of SAR 900,000 a year earlier, due to lower operating profits for the quarter.

 

On a quarterly basis, Sinad's three-month losses increased from SAR 2.7 million in Q1 2025.

 

Shareholders' equity, excluding minority interest, soared to SAR 1.17 billion as of July 30, 2025, compared to SAR 979.1 million a year ago.

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