SAPTCO earns SAR 13.1M in 9M 2025, SAR 2.2M in Q3

Saudi Public Transport Co. (SAPTCO) posted a net profit (excluding minority interest) of SAR 13.1 million in the first nine months of 2025, up from SAR 1.1 million in the prior-year period.

Profit before excluding minority interest grew to SAR 28.6 million from SAR 20.8 million a year earlier.

The positive performance was driven by increased operating revenue due to an increase in the public transportation operation.

Additionally, the company reported a decrease in selling and distribution, general and administrative expenses, Zakat and income tax expenses and finance cost.

The profit increase was also due to higher share of profit from the investment in an associate, and recognition of a lower share of losses from the joint venture, a rise in finance income, and the recognition of reversal of impairment in trade receivables.

However, increase in cost of revenues, decrease in other income and recognition of lower reversal of impairment on assets held for sale.

The company's net earnings fell 78.5% to SAR 2.2 million in Q3 2025 from SAR 10.22 million in Q3 2024, on lower revenues due to reduction of public transport operations and higher cost of revenue.

When compared to the previous quarter, SAPTCO’s Q3 net profit dropped 93.8% from SAR 35.27 million.

Shareholders’ equity, after minority interest, stood at SAR 935 million as of Sept. 30, 2025, compared to SAR 915.21 million a year earlier.

Accumulated losses amounted to SAR 315 million as of Sept. 30, 2025, representing 25.2% of the company's capital.

View more financial results