Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) shifted to net losses worth SAR 162.51 million in 2025, against net profits amounting to SAR 295.06 million in 2024.
The company attributed the negative results to lower revenue and higher financing costs, according to a bourse disclosure.
SAIC posted a loss per share that stood at SAR 2.75 in 2025, turning from an earnings per share (EPS) of SAR 5 in 2024.
The industrial entity registered negative revenue of SAR 123.45 million in 2025, versus revenues in positive at a value of SAR 342.44 million in the previous year.
SAIC said the revenues in negative resulted from higher realized losses from financial assets at fair value (FV) through profit or loss. This was in addition to a decrease in realized gain from selling financial assets at FV through profit or loss as well as lower profits from selling shares in associated companies.
In the first nine months (9M) of 2025, the listed company SAIC posted losses worth SAR 109.25 million, in addition to negative revenue of SAR 81.36 million versus revenues in positive at SAR 323.19 million in 9M-24.
