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

Saudi Arabian Amiantit 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	170,789	216,835	-21.235	168,235	1.518
Gross Profit (Loss)	14,280	32,335	-55.837	4,075	250.429
Operational Profit (Loss)	-8,813	4,254	-	-17,146	-48.6
Net profit (Loss)	-5,103	12,674	-	-20,278	-74.834
Total Comprehensive Income	-12,846	27,094	-	5,081	-
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	521,790	612,295	-14.781
Gross Profit (Loss)	31,562	-11,206	-
Operational Profit (Loss)	-32,724	-116,206	-71.839
Net profit (Loss)	-14,721	492,294	-
Total Comprehensive Income	17,853	448,314	-96.017
Total Shareholders Equity (after Deducting Minority Equity)	900,459	938,521	-4.055
Profit (Loss) per Share	-0.33	11.1
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 reason for the decrease in revenues during the current quarter of 2025 compared to the revenues of the same quarter of the previous year is due to the decrease in sales volume and due to adjustments in the order schedules of some key customers according to their request.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	Saudi Arabian Amiantit Company recorded a net loss for the current quarter of 2025 amounting to SAR (5.1) million, compared to a net profit of SAR 12.7 million in the corresponding quarter of the previous year. The majority of this is attributed to: • Sales decreased in the third quarter of this year compared to the same quarter of the previous year. • The company recorded a positive reversal of zakat assessment in the same quarter of last year.
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 revenues during the current quarter of 2025 compared to the previous one is attributed to the increase in sales volume by 1.5% compared to the previous quarter.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	Saudi Arabian Amiantit Company achieved a decrease in net loss in the current quarter of 2025 by 74.8% compared to the previous one, as the company recorded a net loss of SAR (5.1) million in the current quarter of 2025, compared to a net loss of SAR (20.3) million in the previous quarter. This is predominantly attributed to: • Improved sales performance and enhanced cost optimization during the third quarter of this year 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 reason for the decline in revenues during the current period of 2025 compared to the same period of the last year 2024 is due to the decrease in sales volume and due to adjustments in the order schedules of some key customers according to their request.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	Saudi Arabian Amiantit Company recorded a net loss in the current period of 2025 amounting to SAR (14.7) million compared to a net profit in the same period of the previous year amounting to SAR 492.3 million, mostly due to: • The company achieved accounting profit of SAR 639 million during the same period of the last year, resulting from the settlement of 77% of its bank obligation. • Sales decreased in the current period of this year compared to the same period of the previous 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)	N/A
Reclassification of Comparison Items	N/A
Additional Information	1- As of September 30, 2025, the shareholders' equity of the company amounted to SAR 900.5 million, compared to SAR 880.7 million as of December 31, 2024, with an increase of 2.2%. 2- The loss per share for the Nine-month period ending September 30, 2025, was SAR (0.33), calculated by dividing the net loss attributable to the shareholders of the company, amounting to SAR (14.7) million, by the average number of shares of 44,512,412 shares. For the Nine-month period ending September 30, 2024, the earnings per share was SAR 11.1, calculated by dividing the net profit attributable to the shareholders of the company, amounting to SAR 492.3 million, by the average number of shares of 44,332,412 shares. - Regarding the calculation of earnings per share, it was computed according to International Accounting Standard 33 "Earnings per Share, the earnings per share for the nine-month period ending September 30, 2025, were calculated based on the number of shares, which amounts to 44,550,000 adjusted by deducting the number of shares from the employee share option plan, which amounts to 37,588 shares.