Al Hassan Ghazi Ibrahim Shaker Co. announces its Interim Financial results for the Period Ending on 2025-09-30 ( Nine Months )

Gross Profit:

SAR 85.74 million in Q3 2025, down 3.5 % YoY, reflecting lower HVAC revenue, partly offset by margin improvement from an optimized mix of Home Appliances and services.

Operating Profit:

SAR 21.42 million in Q3 2025, down 5.2 % YoY, reflecting disciplined cost management and lower impairment loss, offset by higher general and administrative expenses. The impairment loss provision remained aligned with receivables and was lower YoY.

Net Profit:

SAR 17.82 million in Q3 2025, grew by 0.6 % YoY, mainly supported by lower finance costs and stable operations, which offset softer HVAC performance

Gross Profit:

SAR 278.99 million in 9M 2025, improved by 3.4 % YoY. YTD gross margin improved to 25.0 % from 24.2 % last year, aided by stronger discount discipline and an optimized mix from Home Appliances and after sales services.

Operating profit:

SAR 66.18 million in 9M 2025, improved by 1.1 % YoY, reflecting disciplined selling and distribution spend and lower impairment charges, partly offset by higher general and administrative costs. The expected credit loss provision remained aligned with accounts receivable and was lower YoY, reflecting prudent credit management.

Net profit:

SAR 64.92 million in 9M 2025, down 2.3 % YoY, mainly due to a 31.3 % decline in share of profit from the associate and higher foreign exchange losses, partly offset by lower finance costs and steady operating performance.