Saudi Public Transport Company- (SAPTCO) announces its interim consolidated financial results for the period ending on 30-06-2025 (Six Months) | premargin

Saudi Public Transport Company- (SAPTCO) announces its interim consolidated financial results for the period ending on 30-06-2025 (Six Months)

TadawulJuly 31, 2025View on exchange

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	503,099	418,284	20.276	341,331	47.393
Gross Profit (Loss)	77,834	92,074	-15.465	37,838	105.703
Operational Profit (Loss)	56,898	63,868	-10.913	-5,996	-
Net profit (Loss)	40,511	41,616	-2.655	-20,071	-
Total Comprehensive Income	40,511	41,616	-2.655	-20,071	-
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	844,430	726,801	16.184
Gross Profit (Loss)	114,052	104,702	8.93
Operational Profit (Loss)	50,903	46,309	9.92
Net profit (Loss)	20,440	-7,014	-
Total Comprehensive Income	20,440	-7,014	-
Total Shareholders Equity (after Deducting Minority Equity)	932,839	904,989	3.077
Profit (Loss) per Share	0.09	-0.07
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	-	-
Accumulated Losses	-317,161	-25.37
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 reason of the increase in the revenues in the current quarter compared to the same quarter of the last year due to increase of the public transport operations.
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 reason for the decrease in the profit during the current quarter compared to the same quarter of the previous year is due to: 1. Increase in cost of revenues. 2. Decrease in other income. 3. Decrease in finance income. 4. Increase in Zakat and Tax expenses. 5. Recognition of lower reversal of impairment loss on assets held for sale during the current quarter. However, the current quarter demonstrates increase in total revenues and a shift from a loss to a profit in the company’s joint ventures and associate companies. Additionally, there has been a reduction in selling and distribution expenses, as well as general and administrative costs. Furthermore, unlike the corresponding quarter of the prior year, no impairment losses on trade receivables were recognized.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The reason of the increase in the revenues in the current quarter compared to the previous quarter due to increase in public transport operations and Hajj revenues.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The reason of the profit during the current quarter compared to the loss in the previous quarter is due to: 1. Increase in operating revenues due to increase of the in public transport operations and Hajj revenues. 2. Incremental other income. 3. Decrease in general and administrative, selling and distribution expenses. 4. Recognition of reversal of impairment loss on assets held for sale during the current quarter. 5. Recognition of impairment in trade receivable during the previous quarter. However, during this quarter there was an increase in cost of revenues, finance costs, and zakat and income tax expenses, along with a decline in finance income when compared with 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 reason of the increase in the revenues in the current period compared to the same period of the last year due to increase of the public transport operation.
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 reason of the profit during the current period compared to the loss during the same period of the previous year is due to: 1. Increased in operating revenue due to increase in the public transportation operation. 2. A profit was recognized from the joint venture and associate company during the current period, in contrast to a loss recorded in the corresponding period 3. Recognition of lower impairment of trade receivable during the current period. 4. Decrease in finance cost. However, the cost of revenue, general and administrative, and Zakat and income tax expenses has been increased, other income and finance income has been decreased, and recognition of lower reversal of impairment loss on assets held for sale.
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	Certain comparative information has been reclassified to align with current period presentation.
Additional Information	- The profit per share for the current quarter was calculated based on the net profit for the quarter relating to the shareholders of the parent company amounting to 35.3 million riyals. Similarly, the profit per share for the similar quarter of the previous year was calculated based on the net profit of the quarter relating to the shareholders of the parent company amounting to 40 million riyals. - The profit per share for the current period was calculated based on the net profit for the period relating to the shareholders of the parent company amounting to 11 million riyals. Similarly, the losses per share for the similar period of the previous year was calculated based on the net losses of the period relating to the shareholders of the parent company amounting to (9.1) million riyals. - The accumulated losses as of 31/03/2025 amounted to (352) million riyals, which is equivalent to 28.2% of the company’s capital amounting to (1,250) million riyals, is decreased to (317) million riyals, which is equivalent to 25.4% of the company’s capital amounting to (1,250) million riyals. The date of this decrease was 30/06/2025 AD, is due to recognized of a profit in the quarter two 2025. - The other income has been presented with the non-operating revenues to be align with current presentation.