Financial Results : SAPTCO swings to SAR 11M profit in H1 2025; Q2 at SAR 35.3M

SAPTCO swings to SAR 11M profit in H1 2025; Q2 at SAR 35.3M

31/07/2025 Argaam Exclusive

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Saudi Public Transport Co. (SAPTCO) reported a net profit of SAR 11 million in H1 2025, versus a net loss of SAR 9.1 million in the year-earlier period.


Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 726.80 844.43 16.2 %
Gross Income 104.70 114.05 8.9 %
Operating Income 38.47 50.90 32.3 %
Net Income (9.10) 10.96 220.5 %
Average Shares 125.00 125.00 -
Earnings Per Share before unusual items (Riyals) (0.14) 0.09 164.7 %
EPS (Riyal) (0.07) 0.09 220.5 %

The turnaround was driven by increased operating revenue. The company recorded a profit from a joint venture and associate company during the current period, compared to a loss a year ago.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 418.28 503.10 20.3 %
Gross Income 92.07 77.83 (15.5 %)
Operating Income 57.16 56.90 (0.5 %)
Net Income 40.00 35.27 (11.8 %)
Average Shares 125.00 125.00 -
Earnings Per Share before unusual items (Riyal) 0.27 0.28 5.9 %
EPS (Riyal) 0.32 0.28 (11.8 %)

SAPTCO also cited lower impairment of trade receivable during the current period, and lower finance cost.

 

The company reported higher revenue due to an increase in the public transport operations.

 

Q2 2025 net profit declined 11.8% to SAR 35.3 million, compared to SAR 40 million in the year-earlier period.

 

On a quarterly basis, SAPTCO turned to a profit, versus a net loss of SAR 24.3 million in Q1 2025.

 

Total shareholders’ equity, after minority interest, reached SAR 932.84 million by June 30, 2025, compared to SAR 904.99 million in the prior-year period.

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