Saudi Arabian Amiantit Co. announces its Interim Financial results for the Period Ending on 2025-06-30 ( Six Months ) | premargin

Saudi Arabian Amiantit Co. announces its Interim Financial results for the Period Ending on 2025-06-30 ( Six Months )

TadawulAugust 4, 2025View on exchange

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	168,235	195,269	-13.844	182,766	-7.95
Gross Profit (Loss)	4,075	27,351	-85.101	13,207	-69.145
Operational Profit (Loss)	-17,146	16,807	-	-6,765	153.451
Net profit (Loss)	-20,278	5,114	-	10,660	-
Total Comprehensive Income	5,081	6,847	-25.792	25,618	-80.166
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	351,001	395,460	-11.242
Gross Profit (Loss)	17,282	-43,541	-
Operational Profit (Loss)	-23,911	-120,460	-80.15
Net profit (Loss)	-9,618	479,620	-
Total Comprehensive Income	30,699	421,220	-92.711
Total Shareholders Equity (after Deducting Minority Equity)	913,305	911,427	0.206
Profit (Loss) per Share	-0.22	10.82
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	Sales declined as the company recorded a 13.8% decrease in revenues during the current quarter of 2025 compared to revenues for the same quarter of the previous year, due to delay in supply requests from some customers.
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 (20.3) million for the company's shareholders, compared to a net profit of SAR 5.1 million for the company's shareholders in the corresponding quarter of the previous year. The majority of this is attributed to: • Sales decreased in the second quarter of this year compared to the same quarter of the previous year. • A reversal of the impairment allowance for the financial assets was recorded 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	Sales declined as the company recorded an 8% decrease in revenues during the current quarter of 2025 compared to for previous one, due to delay in supply requests from some customers and the occurrence of two public holidays during the second 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 recorded a net loss in the current quarter of 2025 amounting to SAR (20.3) million for the company's shareholders, compared to a net profit of SAR 10.7 million for the shareholders in the previous quarter. This is predominantly attributed to: • Sales decreased in the second quarter of this year compared to the previous quarter. • The company recorded a reversal of zakat assessment in 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	Sales declined as the company recorded a 11.2% decrease in revenues during the current period of 2025 compared to the same period of the last year 2024, due to delay in supply requests from some customers.
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 for the company's shareholders in the current period of 2025 amounting to SAR (9.6) million compared to a net profit for the company's shareholders in the same period of the previous year amounting to SAR 479.6 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 similar 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 June 30, 2025, the shareholders' equity of the company amounted to SAR 913.3 million, compared to SAR 880.7 million as of December 31, 2024, with an increase of 3.7%. 2- The loss per share for the six-month period ending June 30, 2025, was SAR (0.22), calculated by dividing the net loss attributable to the shareholders of the company, amounting to SAR (9.6) million, by the average number of shares of 44,512,412 shares. For the six-month period ending June 30, 2024, the earnings per share was SAR 10.82, calculated by dividing the net profit attributable to the shareholders of the company, amounting to SAR 479.6 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 six-month period ending June 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.