Molan Steel widens losses to SAR 2.8M in H1 2025

01/09/2025 Argaam Exclusive

Molan Steel Co. widened net losses to SAR 2.8 million in the first half of 2025, from SAR 2.5 million a year earlier.



Current Half Annual Comparison (M)

Compared With The
Item H1 2024 H1 2025 Change‬
Revenues 39.82 33.25 (16.5 %)
Gross Income 1.94 2.03 4.3 %
Operating Income (1.73) (2.19) (26.4 %)
Net Income (2.50) (2.81) (12.7 %)
Average Shares 26.60 26.60 -
Earnings Per Share before unusual items (Riyal) (0.09) (0.11) (12.7 %)
EPS (Riyal) (0.09) (0.11) (12.7 %)

Losses increased due to a sales decline of SAR 6.57 million, or 16.49%, driven by the redirection of liquidity to the industrial segment, which the company aims to expand in the coming period and expects to support future profitability, as well as lower sales in the commercial segment.

 

On a biannual basis, Molan narrowed losses from SAR 4.58 million in H2 2024.

 

Total shareholders’ equity, with no minority interest, contracted to SAR 20.19 million by the end of the six-month period, compared to SAR 27.58 million a year earlier.

 

Accumulated losses amounted to SAR 7.39 million, representing 27.79% of the company’s capital.

View more financial results

 

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Share Price

Molan Steel Co.
1.87
0.04 2.19 %

Molan Steel Co. (MOLAN)

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Financial Ratios
Current
Market Cap (M Riyal) 49.74
Enterprise Value (EV) (M Riyal) 69.71
Shares Outstanding ((M)) 26.60
Book Value (BV) ( Riyal) 0.76
Par Value ( Riyal) 1.00
Recurring P/E Neg
Price/book 2.46
EV/adj EBITDA (19.19)
EV/Revenues 0.87
more


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 - - - - - -
H2 2020 - - - - - -
H1 2021 20.24 - 4.46 - 2.34 -
H2 2021 27.92 - 3.37 - 2.13 -
H1 2022 46.86 131.6 % 5.49 23.2 % 2.80 19.6 %
H2 2022 37.76 35.3 % (0.18) (105.2 %) (3.20) (250.2 %)
H1 2023 43.93 (6.2 %) 1.86 (66.2 %) (2.51) (189.8 %)
H2 2023 45.76 21.2 % 2.29 1405.7 % (0.87) 72.9 %
H1 2024 39.82 (9.4 %) 1.94 4.6 % (1.73) 31.0 %
H2 2024 46.56 1.7 % 2.50 9.2 % (3.67) (322.7 %)
H1 2025 33.25 (16.5 %) 2.03 4.3 % (2.19) (26.4 %)


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS(Riyal)
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 - - - - - -
H2 2020 - - - - - -
H1 2021 1.87 - 0.08 - 1.87 0.08
H2 2021 2.31 - 0.10 - 2.31 0.10
H1 2022 2.26 21.4 % 0.10 - 2.26 0.10
H2 2022 (3.02) (231.2 %) (0.13) 0.80 (3.82) (0.17)
H1 2023 (3.16) (239.6 %) (0.12) - (3.16) (0.12)
H2 2023 (1.63) 46.2 % (0.06) - (1.63) (0.06)
H1 2024 (2.50) 21.0 % (0.09) - (2.50) (0.09)
H2 2024 (4.58) (181.3 %) (0.17) - (4.58) (0.17)
H1 2025 (2.81) (12.7 %) (0.11) - (2.81) (0.11)

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
H1 2021 - - -
H2 2021 16.25 % 10.39 % 8.66 %
H1 2022 11.85 % 7.54 % 6.11 %
H2 2022 6.29 % 0.67 % (1.85 %)
H1 2023 2.06 % (5.46 %) (8.55 %)
H2 2023 4.62 % (2.37 %) (5.34 %)
H1 2024 4.94 % (1.46 %) (4.82 %)
H2 2024 5.14 % (4.25 %) (8.19 %)
2024 5.14 % (4.25 %) (8.19 %)
H1 2025 5.66 % (4.55 %) (9.26 %)


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Earnings Per Share before unusual items (Riyal) Book Value (BV)
H1 2016 - - - -
H2 2016 - - - -
H1 2017 - - - -
H2 2017 - - - -
H1 2018 - - - -
H2 2018 - - - -
H1 2019 - - - -
H2 2019 - - - -
H1 2020 - - - -
H2 2020 - - - -
H1 2021 23.00 - - 1.09
H2 2021 23.00 0.18 0.18 1.19
H1 2022 23.00 0.20 0.20 1.29
H2 2022 23.00 (0.03) (0.07) 1.51
H1 2023 26.60 (0.23) (0.26) 1.19
H2 2023 26.60 (0.18) (0.18) 1.13
H1 2024 26.60 (0.15) (0.15) 1.04
H2 2024 26.60 (0.27) (0.27) 0.86
H1 2025 26.60 (0.28) (0.28) 0.76

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Recurring P/E Price/book
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
H1 2021 - - -
H2 2021 - - -
H1 2022 - - -
H2 2022 NEG NEG 2.44
H1 2023 NEG NEG 3.68
H2 2023 NEG NEG 4.89
H1 2024 NEG NEG 3.39
H2 2024 NEG NEG 4.57
H1 2025 NEG NEG 3.54

Business Segments (Million)

Compared With The
Period Industrial Sector Commercial Sector
Q2 2024 - 39.82
Q4 2024 1.16 45.40
Q2 2025 7.18 26.07

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