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

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

TadawulNovember 6, 2025View on exchange

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	34,614	25,868	33.81	31,952	8.331
Gross Profit (Loss)	11,672	5,026	132.232	6,213	87.864
Operational Profit (Loss)	2,507	-527	-	-6,442	-
Net profit (Loss)	2,068	-1,723	-	-7,305	-
Total Comprehensive Income	2,068	-1,723	-	-7,305	-
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	100,353	78,795	27.359
Gross Profit (Loss)	24,840	13,588	82.808
Operational Profit (Loss)	-2,833	-3,931	-27.931
Net profit (Loss)	-5,115	-7,029	-27.23
Total Comprehensive Income	-5,115	-7,029	-27.23
Total Shareholders Equity (after Deducting Minority Equity)	162,396	164,701	-1.399
Profit (Loss) per Share	-0.029	-0.04
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	-13,658	7.8
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	Revenues for the current quarter increased by 34% compared to the same quarter of the previous year, driven by a 104% growth in the Iron segment and a 39% increase in the Logistics segment, despite a 35% decline in the Wood segment and other sectors.
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 achieved a net profit in the current quarter, compared to a net loss in the same quarter of the previous year. This improvement is attributed to a 34% increase in sales, which exceeded the 10% rise in cost of revenue, and a decrease in the zakat provision. The results were achieved despite a 33% increase in selling and marketing expenses, a 7% rise in general and administrative expenses, the creation of an additional provision for doubtful debts amounting to SAR 2.8 million, a decrease in investment income, and higher other expenses.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	Revenues for the current quarter increased by 8% compared to the previous quarter of this year, driven by a 43% growth in the Logistics segment and a 17% increase in the Iron segment, despite a 30% decline in the Wood segment and lower revenues from other sectors.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The company achieved a net profit in the current quarter, compared to a net loss in the previous quarter of this year. This improvement is attributed to an 8% increase in sales and an 11% decrease in cost of revenue, resulting in an 88% increase in gross profit. Additionally, selling and marketing expenses decreased by 4%, general and administrative expenses decreased by 9%, the provision for doubtful debts decreased by 52%, and zakat provision decreased, despite higher financing costs during the current 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	Revenues for the current period increased by 27% compared to the same period of the previous year, driven by a 46% growth in the Iron segment, a 24% increase in the Logistics segment, and an 8% rise in the Wood segment, despite a 14% decline in revenues from other sectors.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	Net loss for the current period decreased by 27% compared to the net loss for the same period of the previous year, driven by a 27% increase in sales, which exceeded the 16% rise in cost of revenue, resulting in an 83% increase in gross profit. Additionally, financing costs decreased by 13%, zakat provision decreased by 59%, and other income increased. These improvements were achieved despite a 14% increase in general and administrative expenses, a 5% rise in selling and marketing expenses, the creation of an additional provision for doubtful debts amounting to SAR 9 million, and an 89% decrease in investment income during the current period.
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)	Nothing
Reclassification of Comparison Items	Certain comparative figures have been re-presented and classified to conform to the presentation for the current period.
Additional Information	It is noteworthy that, according to the external auditor’s report, the “Other Matter” paragraph was stated as follows: The company’s financial statements for the fiscal year ended December 31, 2024, were reviewed by another auditor, who issued an unmodified opinion on April 6, 2025, corresponding to 8 Shawwal 1446H. The condensed interim financial statements for the three- and nine-month periods ended September 30, 2024, were also reviewed by another auditor, who issued an unmodified conclusion on November 12, 2024, corresponding to 10 Jumada Al-Awwal 1446H. Earnings per share, basic and diluted, for the current period and the corresponding period of the previous year were calculated by dividing the net profit or loss for each period, after zakat, attributable to the company’s shareholders by the weighted average number of ordinary shares outstanding at the end of each period. The weighted average number of shares for the current period was 175,000,000 shares, and for the corresponding period of the previous year, it was 175,000,000 shares.