Saudi Ground Services Co. announces its Interim Financial results for the Period Ending on 2025-09-30 ( Nine Months ) | premargin

Saudi Ground Services Co. announces its Interim Financial results for the Period Ending on 2025-09-30 ( Nine Months )

TadawulNovember 10, 2025View on exchange

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	683,375	668,650	2.202	688,948	-0.808
Gross Profit (Loss)	155,636	140,943	10.424	137,990	12.787
Operational Profit (Loss)	98,415	74,812	31.549	97,108	1.345
Net profit (Loss)	101,503	81,679	24.27	99,373	2.143
Total Comprehensive Income	101,503	85,442	18.797	114,220	-11.133
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	2,043,818	2,008,361	1.765
Gross Profit (Loss)	456,909	406,249	12.47
Operational Profit (Loss)	292,590	222,849	31.295
Net profit (Loss)	298,503	231,274	29.068
Total Comprehensive Income	313,350	235,037	33.319
Total Shareholders Equity (after Deducting Minority Equity)	2,451,044	2,378,529	3.048
Profit (Loss) per Share	1.59	1.23
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is	The Company recorded a total revenue for the current quarter amounting to SAR 683.4 million, representing a 2.2% (equivalent to SAR 14.7 million) increase compared to the same quarter of the last year, which recorded revenues of SAR 668.7 million. The main reason of revenue growth is the increase in number of flights compared to the same quarter of the last year.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	The Company recorded an increase in net profits by 24.3% (SAR 19.8 million) reaching a net profit amounting to SAR 101.5 million during the current quarter compared to net profit amounting to SAR 81.7 million for the same quarter last year. Despite the increase in revenue by SAR 14.7 million (2.2%), costs of revenue were maintained due to the Company's productivity enhancement and expense rationalization initiatives resulting in improvement of net profits, compared to the same quarter of the last year. Moreover, a reduction in impairment losses by SAR 16.8 million was recorded due to management's continuous collection efforts. This positive impact was partially offset by a decrease of SAR 10 million in other income compared to the same quarter last year.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The Company recorded a total revenue for the current quarter amounting to SAR 683.4 million, representing a decrease of 0.8% (equivalent to SAR 5.6 million) compared to the previous quarter's revenue of SAR 688.9 million. The main reason of revenue decline is the substantial completion of Hajj and Umrah during previous quarter.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The Company recorded an increase in net profits by 2.1% (SAR 2.1 million) reaching a net profit of SAR 101.5 million during the current quarter compared to net profit of SAR 99.4 million for the previous quarter. The main reason for the increase in net profits is the Company's productivity enhancement and expense rationalization initiatives decreasing the costs of revenue by 4.2% (SAR 23.2 million) compared to the previous quarter. Moreover, net finance income increased by SAR 1.4 million while impairment losses on trade receivables increased by SAR 5.5 million compared to the previous quarter.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is	The Company recorded a total revenue for the current period amounting to SAR 2,043.8 million, representing an increase of 1.8% (equivalent to SAR 35.5 million) compared to the same period of the last year, which recorded revenue of SAR 2,008.4 million. The main reason of revenue growth is the increase of number of flights compared to the same period of last year.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The Company recorded an increase in net profits by 29.1% (SAR 67.2 million) reaching SAR 298.5 million during the current period compared to net profit amounting to SAR 231.3 million for the same period last year. Despite the increase in revenue by SAR 35.5 million (1.8%), costs of revenue decreased by 0.9% (SAR 15.2 million) due to the Company's productivity enhancement and expense rationalization initiatives resulting in improvement of net profits, compared to the same period of the last year. Moreover, a reduction in impairment losses by 106.6% (SAR 52.8 million) was recorded due to management's continuous collection efforts. These positive impacts were partially offset by a decrease in other income by 38.7% (SAR 20.5 million) comparing to the same period of last year.
Statement of the type of external auditor's report	Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)	None
Reclassification of Comparison Items	None
Additional Information	The Company recorded revenue for the current quarter amounting to SAR 683.4 million , an increase of 2.2% compared to the same quarter of the previous year in which revenues amounted to SAR 668.7 million. The gross profit amounted to SAR 155.6 million , compared to a gross profit of SAR 140.9 million for the same quarter of the previous year, an increase of 10.4%. Operating profit for the current quarter amounted to SAR 98.4 million , compared to an operating profit of SAR 74.8 million for the same quarter of the last year, an increase of 31.5%. Net profit and total comprehensive income during the current quarter amounted to SAR 101.5 million, compared to net profit and total comprehensive income of SAR 81.7 million and SAR 85.4 million respectively, for the same quarter of the last year, an increase of 24.3% and 18.8% respectively. The Company does not have minority rights, as the total shareholders' equity amounted to SAR 2,451 million as of the end of current quarter compared to SAR 2,378.5 million as of the end of same quarter of the last year reflecting an increase of 3%. Earnings per share for the current quarter amounted to SAR 0.54 per share compared to SAR 0.43 per share for same quarter last year resulting in an increase of 24.3%. In addition, the retained earnings as of the end of current quarter is SAR 571.0 million, a decrease of SAR 86.5 million compared to the end of the previous quarter, in which the Company recorded a retained earnings of SAR 657.5 million. The reason for the decrease is the approval of the Board of Directors to distribute SAR 188 million dividends to shareholders.