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Saudi Automotive Services Co. (SASCO) announces the consolidated annual financial results for the period ended December 31, 2025
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 11,804.03 | 10,186.57 | 15.88 | ||
| Gross Profit (Loss) | 280.42 | 289.74 | -3.22 | ||
| Operational Profit (Loss) | 178.57 | 173.77 | 2.76 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 64.29 | 44.21 | 45.42 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 41.31 | 70.88 | -41.72 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 891.72 | 849.45 | 4.98 | ||
| Profit (Loss) per Share | 0.92 | 0.63 | |||
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | 0.47 | 0.07 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | The reason for the increase in sales during the current year compared to 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 year compared to the last year is | The reason for the increase in net profit during the current year compared to the previous year is due to: Growth in sales, an increase in the fair value of investment properties, higher finance income, dividends received, and the positive change in the fair value of financial assets measured at fair value through profit or loss, in addition to a decrease in G&A, selling, marketing, and Zakat expenses. This improvement was achieved despite: An increase in cost of sales, expected credit loss provisions, and finance costs, as well as a decline in other income. |
| Statement of the type of external auditor's report | Unmodified opinion |
| 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 | Nothing |
| Additional Information | The gain on the change in fair value of investment properties owned by Naft Co represents the company’s (80%) share excluding the portion attributable to non-controlling interests. |
| 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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