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Saudi Automotive Services Co. (SASCO) announces interim financial results for the period ended Sep 30, 2025 (nine Months)

4050
SASCO
-1.31 %
1447/04/30     22/10/2025 09:20:02

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 3,065.082,642.116.0092,874.726.621
Gross Profit (Loss) 69.4780.5-13.70176.69-9.414
Operational Profit (Loss) 50.254.34-7.61853.13-5.514
Net profit (Loss) 8.4111.21-24.97729.7-71.683
Total Comprehensive Income 10.6211.62-8.60529.42-63.902
All figures are in (Millions) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 8,700.237,581.7814.751
Gross Profit (Loss) 220.48233.53-5.588
Operational Profit (Loss) 152.1148.062.728
Net profit (Loss) 42.434.0724.449
Total Comprehensive Income 44.4729.7349.579
Total Shareholders Equity (after Deducting Minority Equity) 893.92808.3110.591
Profit (Loss) per Share 0.610.49
All figures are in (Millions) Saudi Arabia, Riyals


Element ListAmountPercentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value 0.360.05
All figures are in (Millions) Saudi Arabia, Riyals


Element ListExplanation
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 increase in sales during the current quarter compared to the same quarter of the previous year is due to the growth in sales volume, driven by an increase in the number of stations, growth in sales from SASCO Palm and the transportation sector, as well as the rise in diesel selling prices.
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 decrease in net profit during the current quarter, compared to the same quarter of the previous year, is due to the increase in cost of sales, provision for credit losses, and financing costs, despite the increase in sales, and the decrease in G&A, selling and marketing expenses, increase in the fair value of investment properties, and other income, financing income, dividends from investments, the change in the fair value of financial assets held, and the decrease in zakat expense.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The reason for the increase in sales during the current quarter compared to the previous quarter is due to the growth in sales volume, driven by an increase in the number of stations and growth in sales of SASCO Palm and the transportation sector.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The decrease in net profit during the current quarter compared to the previous quarter is due to the increase in cost of sales, provision for credit losses, and a decline in the fair value of investment properties, increased financing costs, lower financing income, a decrease in the change in the fair value of financial assets held, and higher zakat expense, despite the increase in sales and the decrease in G&A expenses, selling and marketing expenses, and the rise in other income and investment income.
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 increase in sales during the current period compared to the same period of the previous year is due to the growth in the number of stations, growth in sales from SASCO Palm and the transportation sector, in addition to an increase in the selling price of the diesel product.
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 increase in net profit during the current period compared to the same period of the previous year is due to the increase in revenues and the decrease in G&A expenses, a reduction in the provision for credit losses, an increase in the fair value of investment properties, and the increase in other income, dividends received from investments, an increase in the fair value of financial assets held, and the decrease in zakat expense, despite the increase in the cost of sales and selling and marketing expenses, higher financing expenses and the decrease in financing income.
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 The comparative financial statements have been amended and reclassified, as disclosed in the notes to the consolidated interim financial statements as of Sep 30, 2025.
Additional Information On October 9, 2025, the condition related to the Group's contractual arrangement to acquire a 70% of Tadbeer Recruitment Co. Capital was fulfilled. Tadbeer Co. obtained the required classification upgrade from the relevant government authority, and accordingly, the acquisition agreement became effective.

The financial statements for the period ending September 30, 2025, have not been restated to reflect the impact of this transaction, as occurred after the reporting period.

Attached Documents  

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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Last Price 52.7
Net Change -0.7 (-1.31%)
Value Traded (Sar) 6,052,800.6
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