Riyadh - Mubasher: Takween Advanced Industries Company incurred 99.57% year-on-year (YoY) higher net losses at SAR 18.99 million in the first quarter (Q1) of 2026, compared to SAR 9.51 million.
The loss per share hit SAR 0.25 in Q1-26, up from SAR 0.12 in Q1-25, according to the interim financial results.
Revenues amounted to SAR 217.19 million as of 31 March 2026, an annual plunge of 49.78% from SAR 145 million.
The quarterly losses shrank by 87.38% from SAR 150.63 million from Q4-25, while the revenues hiked by 43.17% from SAR 151.69 million.
Accumulated losses hit SAR 519.37 million in Q1-26, representing 67.92% of the capital.
Last year, the group’s net losses enlarged by 166.41% to SAR 202.03 million from SAR 75.83 million in 2024.
