Riyadh – Mubasher: National Industrialization Company (Tasnee) turned to net losses of SAR 341.30 million in the first quarter (Q1) of 2026, compared to net profits of SAR 895.80 million in Q1-25.
The revenues fell by 23.63% year-on-year (YoY) to SAR 495 million in Q1-26 from SAR 648.20 million, according to the interim financial results.
Loss per share hit SAR 0.51 in the first three months (3M) of 2026, against an earnings per share (EPS) of SAR 1.34.
Quarterly, the net losses reported in Q1-26 retreated by 83.24% from SAR 2.03 billion in Q4-25, while the revenues shrank by 19.22% from SAR 612.80 million.
Last year, Tasnee suffered higher net losses at SAR 1.76 billion, compared to SAR 27.90 million in 2024.
