Riyadh - Mubasher: Saudi Automotive Services Company (SASCO) shifted to net losses totaling SAR 23.70 million in the first quarter (Q1) of 2026, compared to net profits valued at SAR 4.28 million.
The revenues climbed by 9.45% to SAR 3.02 billion in Q1-26 from SAR 2.76 billion a year earlier, according to the financial results.
Loss per share hit SAR 0.34 at the end of March 2026 when compared to an earnings per share (EPS) of SAR 0.06 in the year-ago period.
Quarterly, the company turned to losses in Q1-26 against net profits of SAR 21.89 million in Q4-25, while the revenues fell by 2.65% from SAR 3.10 billion.
CEO Riyadh Saleh Al Malik commented: “As we move into 2026, SASCO remains firmly focused on strengthening its foundations for sustainable growth and long-term value creation. Our priority continues to be enhancing operational efficiency, expanding strategically, and building a more resilient and diversified business model capable of adapting to evolving market conditions.”
“We are advancing with confidence in our expansion journey while maintaining discipline in execution and a clear focus on quality, efficiency, and customer experience. At the same time, we are reinforcing our logistics and retail capabilities to ensure we are well positioned to capture future opportunities across our core and supporting businesses,” Al Malik added.
He concluded: “While we continue to invest in growth and expansion, we are equally attentive to improving cost efficiency and protecting the strength of our financial performance over the long term. This balanced approach reflects our commitment to sustainable profitability and cautious capital allocation.”
In 2025, SASCO posted 45.42% YoY higher net profits at SAR 64.29 million, versus SAR 44.21 million.
