Financial Results : Saudi Fisheries incurs SAR 18.5M loss in 9M 2025, SAR 6.9M in Q3

Saudi Fisheries incurs SAR 18.5M loss in 9M 2025, SAR 6.9M in Q3

30/10/2025 Argaam Exclusive

View other reports

Saudi Fisheries Co. posted a net loss of SAR 18.5 million for the first nine months of 2025, down from a loss of SAR 48.5 million in the same period of 2024.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 17.56 3.22 (81.7 %)
Gross Income (10.62) 1.59 115.0 %
Operating Income (41.62) (22.14) 46.8 %
Net Income (48.47) (18.48) 61.9 %
Average Shares 6.70 6.70 -
Earnings Per Share before unusual items (Riyals) (7.24) (3.49) 51.7 %
EPS (Riyal) (7.24) (2.76) 61.9 %

The company said the decline in losses was mainly due to lower costs related to shrimp and fish farm production, which helped reduce the net loss by 162.2% year-on-year (YoY).

 

However, sales fell 81.7% YoY during the nine-month period, primarily due to a temporary halt in wholesale operations and production cycles, as well as lower retail sales.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 1.85 1.10 (40.4 %)
Gross Income (2.68) 0.57 121.3 %
Operating Income (24.24) (8.73) 64.0 %
Net Income (28.70) (6.89) 76.0 %
Average Shares 6.70 6.70 -
Earnings Per Share before unusual items (Riyal) (4.28) (1.03) 76.1 %
EPS (Riyal) (4.28) (1.03) 76.0 %

Saudi Fisheries narrowed its losses in Q3 2025 by 76% to SAR 6.89 million from SAR 28.7 million in Q3 2024. Compared to Q2 2025, losses also shrank by 34.1 million from SAR 10.45 million.

 

Total shareholders’ equity, with no minority interest, amounted to SAR 57.1 million as of Sept. 30, 2025, compared to SAR 67.8 million the same period a year earlier.

 

Accumulated losses reached SAR 11.01 million, representing 16.4% of capital.

View More Financial Results

 


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2016 19.48 (20.3 %) 0.34 6.0 % (8.44) 6.4 %
Q2 2016 16.88 (19.6 %) 0.68 (12.5 %) (8.17) (1.7 %)
Q3 2016 12.73 (31.9 %) (0.15) 97.7 % (8.94) 40.3 %
Q4 2016 11.17 (42.0 %) (2.21) (6.1 %) (11.61) (1.0 %)
Q1 2017 10.97 (43.7 %) 0.04 (88.1 %) (7.59) 10.1 %
Q2 2017 7.74 (54.2 %) (0.75) (209.2 %) (8.16) 0.1 %
Q3 2017 7.69 (39.6 %) (0.68) (350.7 %) (7.91) 11.4 %
Q4 2017 9.16 (18.0 %) (1.00) 54.9 % (9.70) 16.4 %
Q1 2018 7.37 (32.8 %) (0.17) (527.5 %) (6.16) 18.8 %
Q2 2018 4.72 (38.9 %) 0.80 207.8 % (6.79) 16.9 %
Q3 2018 3.76 (51.1 %) 0.84 223.7 % (7.50) 5.2 %
Q4 2018 5.57 (39.2 %) 1.97 297.9 % (12.37) (27.5 %)
Q1 2019 5.31 (28.0 %) 0.78 557.9 % (8.78) (42.5 %)
Q2 2019 4.47 (5.3 %) 1.30 61.3 % (8.66) (27.6 %)
Q3 2019 6.18 64.5 % 1.72 106.1 % (8.70) (15.9 %)
Q4 2019 9.37 68.3 % 2.57 30.0 % (6.08) 50.8 %
Q1 2020 10.24 92.9 % 3.42 336.4 % (9.74) (10.9 %)
Q2 2020 10.22 128.4 % 4.26 228.7 % (7.50) 13.4 %
Q3 2020 9.64 55.9 % 5.04 192.3 % (6.39) 26.5 %
Q4 2020 10.85 15.9 % (10.36) (503.8 %) (13.09) (115.3 %)
Q1 2021 12.01 17.3 % 0.41 (88.1 %) (10.01) (2.8 %)
Q2 2021 9.80 (4.1 %) 1.96 (54.0 %) (9.01) (20.2 %)
Q3 2021 11.97 24.2 % (5.28) (204.9 %) (18.48) (189.2 %)
Q4 2021 13.80 27.2 % 7.69 174.2 % (8.21) 37.3 %
Q1 2022 16.98 41.3 % (5.26) (1397.5 %) (16.28) (62.7 %)
Q2 2022 12.28 25.3 % 2.80 43.1 % (7.67) 14.9 %
Q3 2022 9.81 (18.1 %) (16.00) (202.8 %) (26.79) (44.9 %)
Q4 2022 9.75 (29.4 %) (2.30) (129.9 %) (12.76) (55.6 %)
Q1 2023 11.60 (31.7 %) 0.30 105.7 % (10.89) 33.1 %
Q2 2023 15.96 30.0 % (1.53) (154.6 %) (12.65) (65.0 %)
Q3 2023 15.11 54.1 % (16.87) (5.4 %) (34.83) (30.0 %)
Q4 2023 9.54 (2.2 %) (25.86) (1,025.9 %) (68.67) (438.0 %)
Q1 2024 9.13 (21.3 %) (2.79) (1029.7 %) (8.98) 17.5 %
Q2 2024 6.58 (58.8 %) (5.15) (236.3 %) (11.25) 11.1 %
Q3 2024 1.85 (87.8 %) (2.68) 84.1 % (24.24) 30.4 %
Q4 2024 1.49 (84.4 %) (0.33) 98.7 % (1.56) 97.7 %
Q1 2025 1.06 (88.4 %) 0.49 117.6 % (5.91) 34.2 %
Q2 2025 1.05 (84.0 %) 0.53 110.3 % (7.50) 33.3 %
Q3 2025 1.10 (40.4 %) 0.57 121.3 % (8.73) 64.0 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS(Riyal)
Q1 2016 (10.22) 7.0 % (2.83) - (10.22) (2.83)
Q2 2016 (9.66) 1.6 % (2.68) - (9.66) (2.68)
Q3 2016 (9.89) 41.4 % (2.74) - (9.89) (2.74)
Q4 2016 (12.32) 9.2 % (3.41) - (12.32) (3.41)
Q1 2017 (9.23) 9.7 % (2.56) - (9.23) (2.56)
Q2 2017 (9.28) 3.9 % (2.57) - (9.28) (2.57)
Q3 2017 (7.99) 19.2 % (2.21) - (7.99) (2.21)
Q4 2017 (14.35) (16.5 %) (3.98) (4.91) (9.45) (2.62)
Q1 2018 (5.99) 35.1 % (1.66) - (5.99) (1.66)
Q2 2018 (6.77) 27.1 % (1.88) - (6.77) (1.88)
Q3 2018 (8.73) (9.2 %) (2.42) - (8.73) (2.42)
Q4 2018 (15.76) (9.8 %) (4.37) - (15.76) (4.37)
Q1 2019 (9.25) (54.3 %) (2.56) - (9.25) (2.56)
Q2 2019 (10.19) (50.6 %) (2.83) - (10.19) (2.83)
Q3 2019 (10.13) (16.1 %) (2.81) - (10.13) (2.81)
Q4 2019 (3.46) 78.1 % (0.96) - (3.46) (0.96)
Q1 2020 (11.02) (19.1 %) (3.05) - (11.02) (3.05)
Q2 2020 (8.93) 12.4 % (1.33) - (8.93) (1.33)
Q3 2020 (6.17) 39.1 % (0.92) - (6.17) (0.92)
Q4 2020 (14.54) (320.4 %) (2.17) 0.50 (15.04) (2.25)
Q1 2021 (9.75) 11.5 % (1.46) - (9.75) (1.46)
Q2 2021 (9.63) (7.9 %) (1.44) - (9.63) (1.44)
Q3 2021 (18.46) (199.4 %) (2.76) - (18.46) (2.76)
Q4 2021 3.66 125.2 % 0.55 - 3.66 0.55
Q1 2022 (15.51) (59.1 %) (2.32) - (15.51) (2.32)
Q2 2022 (6.98) 27.5 % (1.04) - (6.98) (1.04)
Q3 2022 (26.38) (42.9 %) (3.94) - (26.38) (3.94)
Q4 2022 (29.64) (909.2 %) (4.42) (4.84) (25.13) (3.75)
Q1 2023 0.02 100.1 % 0.00 8.97 (8.95) (1.34)
Q2 2023 (12.74) (82.5 %) (1.90) (6.00) (6.74) (1.01)
Q3 2023 (34.38) (30.3 %) (5.13) - (34.38) (5.13)
Q4 2023 (72.85) (145.8 %) (10.88) (2.65) (70.21) (10.48)
Q1 2024 (8.96) (44885.5 %) (1.34) - (8.96) (1.34)
Q2 2024 (10.81) 15.1 % (1.61) - (10.81) (1.61)
Q3 2024 (28.70) 16.5 % (4.28) - (28.70) (4.28)
Q4 2024 7.47 110.3 % 1.12 11.87 (4.39) (0.66)
Q1 2025 (1.15) 87.2 % (0.17) 4.94 (6.08) (0.91)
Q2 2025 (10.45) 3.4 % (1.56) - (10.45) (1.56)
Q3 2025 (6.89) 76.0 % (1.03) (0.02) (6.87) (1.03)

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2016 (9.55 %) (43.18 %) (64.36 %)
Q2 2016 (10.21 %) (45.79 %) (67.71 %)
Q3 2016 (1.78 %) (41.15 %) (63.40 %)
Q4 2016 (2.23 %) (45.46 %) (69.84 %)
Q1 2017 (3.17 %) (51.49 %) (79.40 %)
Q2 2017 (7.20 %) (62.73 %) (95.56 %)
Q3 2017 (9.56 %) (68.06 %) (103.33 %)
Q4 2017 (6.69 %) (69.12 %) (101.11 %)
Q1 2018 (8.10 %) (73.17 %) (102.36 %)
Q2 2018 (3.60 %) (77.72 %) (104.34 %)
Q3 2018 1.88 % (85.41 %) (123.67 %)
Q4 2018 16.06 % (112.94 %) (173.91 %)
Q1 2019 22.70 % (134.87 %) (209.26 %)
Q2 2019 25.58 % (141.58 %) (229.92 %)
Q3 2019 26.82 % (135.01 %) (210.56 %)
Q4 2019 25.13 % (87.15 %) (130.39 %)
Q1 2020 29.74 % (74.75 %) (114.99 %)
Q2 2020 33.22 % (58.39 %) (93.13 %)
Q3 2020 38.71 % (47.74 %) (74.93 %)
Q4 2020 5.75 % (63.17 %) (100.50 %)
Q1 2021 (1.54 %) (60.54 %) (93.37 %)
Q2 2021 (6.99 %) (64.00 %) (95.97 %)
Q3 2021 (29.75 %) (83.84 %) (118.50 %)
Q4 2021 10.02 % (73.56 %) (71.84 %)
Q1 2022 (1.70 %) (79.88 %) (76.01 %)
Q2 2022 (0.09 %) (74.60 %) (67.77 %)
Q3 2022 (20.36 %) (94.76 %) (85.51 %)
Q4 2022 (42.50 %) (106.44 %) (151.59 %)
Q1 2023 (34.98 %) (106.47 %) (155.28 %)
Q2 2023 (41.45 %) (108.73 %) (142.63 %)
Q3 2023 (38.91 %) (113.80 %) (143.47 %)
Q4 2023 (84.21 %) (221.22 %) (230.40 %)
Q1 2024 (94.60 %) (228.54 %) (241.84 %)
Q2 2024 (125.56 %) (278.44 %) (308.16 %)
Q3 2024 (134.63 %) (375.27 %) (437.98 %)
Q4 2024 (57.48 %) (184.08 %) (277.60 %)
2024 (31.23 %) (216.10 %) (277.60 %)
Q1 2025 (69.84 %) (296.41 %) (455.49 %)
Q2 2025 (36.44 %) (539.61 %) (910.86 %)
Q3 2025 26.91 % (309.23 %) (591.30 %)


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Earnings Per Share before unusual items (Riyal) Book Value (BV)
Q1 2016 3.61 (13.99) (13.99) 53.70
Q2 2016 3.61 (13.95) (13.95) 51.02
Q3 2016 3.61 (12.01) (12.01) 48.28
Q4 2016 3.61 (11.67) (11.67) 44.34
Q1 2017 3.61 (11.39) (11.39) 41.78
Q2 2017 3.61 (11.29) (11.29) 39.21
Q3 2017 3.61 (10.76) (10.76) 36.99
Q4 2017 3.61 (11.32) (9.96) 33.96
Q1 2018 3.61 (10.43) (9.07) 32.30
Q2 2018 3.61 (9.73) (8.37) 30.42
Q3 2018 3.61 (9.93) (8.57) 28.00
Q4 2018 3.61 (10.33) (10.33) 23.77
Q1 2019 3.61 (11.23) (11.23) 21.01
Q2 2019 3.61 (12.18) (12.18) 18.18
Q3 2019 3.61 (12.57) (12.57) 15.37
Q4 2019 3.61 (9.16) (9.16) 14.28
Q1 2020 3.61 (9.65) (9.65) 11.22
Q2 2020 6.70 (5.01) (5.01) 48.71
Q3 2020 6.70 (4.41) (4.41) 47.79
Q4 2020 6.70 (6.07) (6.14) 45.59
Q1 2021 6.70 (5.88) (5.95) 44.08
Q2 2021 6.70 (5.99) (6.06) 42.64
Q3 2021 6.70 (7.82) (7.90) 39.88
Q4 2021 6.70 (5.10) (5.10) 40.50
Q1 2022 6.70 (5.96) (5.96) 38.18
Q2 2022 6.70 (5.57) (5.57) 42.39
Q3 2022 6.70 (6.75) (6.75) 38.45
Q4 2022 6.70 (11.72) (11.05) 35.20
Q1 2023 6.70 (9.40) (10.07) 35.20
Q2 2023 6.70 (10.26) (10.03) 33.30
Q3 2023 6.70 (11.46) (11.23) 28.19
Q4 2023 6.70 (17.91) (17.96) 17.36
Q1 2024 6.70 (19.25) (17.96) 16.02
Q2 2024 6.70 (18.96) (18.57) 14.41
Q3 2024 6.70 (18.11) (17.72) 10.12
Q4 2024 6.70 (6.12) (7.89) 11.28
Q1 2025 6.70 (4.95) (7.46) 11.11
Q2 2025 6.70 (4.90) (7.41) 9.55
Q3 2025 6.70 (1.64) (4.15) 8.52

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Recurring P/E Price/book
Q1 2016 NEG NEG 6.55
Q2 2016 NEG NEG 7.07
Q3 2016 NEG NEG 5.60
Q4 2016 NEG NEG 8.68
Q1 2017 NEG NEG 7.39
Q2 2017 NEG NEG 6.71
Q3 2017 NEG NEG 8.68
Q4 2017 NEG NEG 9.11
Q1 2018 NEG NEG 9.43
Q2 2018 NEG NEG 8.91
Q3 2018 NEG NEG 6.34
Q4 2018 NEG NEG 17.16
Q1 2019 NEG NEG 15.94
Q2 2019 NEG NEG 15.61
Q3 2019 NEG NEG 15.35
Q4 2019 NEG NEG 18.15
Q1 2020 NEG NEG 16.34
Q2 2020 NEG NEG 2.66
Q3 2020 NEG NEG 6.71
Q4 2020 NEG NEG 7.19
Q1 2021 NEG NEG 7.33
Q2 2021 NEG NEG 8.59
Q3 2021 NEG NEG 8.45
Q4 2021 NEG NEG 6.71
Q1 2022 NEG NEG 6.94
Q2 2022 NEG NEG 4.78
Q3 2022 NEG NEG 5.13
Q4 2022 NEG NEG 4.56
Q1 2023 NEG NEG 4.60
Q2 2023 NEG NEG 5.50
Q3 2023 NEG NEG 5.48
Q4 2023 NEG NEG 8.40
Q1 2024 NEG NEG 9.51
Q2 2024 NEG NEG 9.26
Q3 2024 NEG NEG 17.20
Q4 2024 NEG NEG 11.62
Q1 2025 NEG NEG 9.27
Q2 2025 NEG NEG 10.73
Q3 2025 NEG NEG 11.15

Business Segments (Million)

Compared With The
Period Farm Retail Sales Wholesale Other Sales Fishes Shrimp Shrimp Farm Others
Q1 2016 - - - - 12.28 2.41 3.27 1.53
Q2 2016 - - - - 10.14 8.76 (3.27) 1.25
Q3 2016 - - - - 8.37 2.99 - 1.36
Q4 2016 - - - - 8.12 2.02 - 1.03
Q1 2017 - - - - 7.89 2.15 - 0.92
Q2 2017 - - - - 5.63 1.30 - 0.81
Q3 2017 - - - - 5.55 1.41 - 0.73
Q4 2017 - - - - 6.79 1.34 - 1.03
Q1 2018 - - - - 5.64 0.96 - 0.77
Q2 2018 - - - - 3.56 0.64 - 0.53
Q3 2018 - - - - 2.90 0.47 - 0.39
Q4 2018 - - - - 4.20 0.70 - 0.67
Q1 2019 - - - - 4.13 0.63 - 0.55
Q2 2019 - - - - 3.67 0.66 - 0.14
Q3 2019 - - - - 4.32 1.06 - 0.81
Q4 2019 - - - - 5.72 1.94 - 1.70
Q1 2020 - - - - 3.54 0.74 - 5.96
Q2 2020 - - - - 4.05 0.87 - 5.29
Q3 2020 - - - - 4.02 0.84 - 4.78
Q1 2021 - 8.97 1.54 1.51 - - - -
Q2 2021 - 7.03 2.73 0.04 - - - -
Q3 2021 - 7.38 3.73 0.87 - - - -
Q1 2022 - 7.85 9.13 - - - - -
Q2 2022 - 5.16 7.11 - - - - -
Q4 2022 3.45 5.04 1.26 - - - - -
Q1 2023 3.47 3.96 4.17 - - - - -
Q2 2023 3.61 3.28 9.07 - - - - -
Q3 2023 7.23 2.83 5.05 - - - - -
Q4 2023 2.54 2.05 4.95 - - - - -
Q1 2024 1.03 1.63 6.47 - - - - -
Q2 2024 3.08 1.28 2.21 - - - - -
Q3 2024 0.45 1.40 - - - - - -
Q4 2024 - 1.49 - - - - - -
Q1 2025 - 1.06 - - - - - -
Q2 2025 - 1.05 - - - - - -
Q3 2025 - 1.10 - - - - - -


Financial Ratios
Current
Market Cap (M Riyal) 429.81
Enterprise Value (EV) (M Riyal) 418.08
Shares Outstanding ((M)) 6.70
EPS ( Riyal) (TTM) (1.64)
Book Value (BV) ( Riyal) 8.52
Par Value ( Riyal) 10.00
Recurring P/E Neg
P/E (TTM) NEG
Price/book 7.53
Return on Average Assets (%) (TTM) (6.10 )
Return on Average Equity (%) (TTM) (17.63 )
EV/adj EBITDA (28.76)
EV/Revenues 88.93
more

Share Price

Saudi Fisheries Co.
64.15
0.10 0.16 %

Saudi Fisheries Co. (SFICO)

More

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.