Financial Results : SAPTCO Q1 2025 loss shrinks to SAR 24M

SAPTCO Q1 2025 loss shrinks to SAR 24M

08/05/2025 Argaam Exclusive

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Saudi Public Transport Co. (SAPTCO) narrowed Q1 2025 net loss to SAR 24 million from SAR 49 million in Q1 2024, driven by higher operating revenue on increased public transport operations.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 308.52 341.33 10.6 %
Gross Income 16.37 37.84 131.2 %
Operating Income (18.88) (6.00) 68.2 %
Net Income (49.10) (24.31) 50.5 %
Average Shares 125.00 125.00 -
Earnings Per Share before unusual items (Riyal) (0.40) (0.19) 51.2 %
EPS (Riyal) (0.39) (0.19) 50.5 %

This was driven by higher operating revenue on increased public transport operations.

 

The company also cited a profit share in a joint venture, higher profit from an associate company, an increase in the finance income, lower financing costs and decline in impairment in trade receivables.

 

Q1 2025’s higher revenue was propelled by increased public transport operations.

 

Meanwhile, the company reported an increase in the cost of revenue, general and administrative expenses, selling and distribution, as well as Zakat and income tax expenses. However, other income fell year on year in Q1 2025.

 

On a sequential basis, net loss widened from SAR 10.75 million in Q4 2024.

 

Total shareholders’ equity, excluding minority interest, stood at SAR 897.56 million as of March 31, 2025, compared to SAR 864.99 million a year earlier.

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