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Saudi Automotive Services Co. (SASCO) announces interim financial results for the period ended March 31, 2026 (Three Months)

4050
SASCO
1.21 %
1447/11/24     11/05/2026 15:37:20

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 3,021.492,760.439.4573,103.8-2.651
Gross Profit (Loss) 47.3374.32-36.31559.94-21.037
Operational Profit (Loss) 19.7548.78-59.51226.46-25.359
Net Profit (Loss) Attributable to Shareholders of the Issuer -23.74.28-21.89-
Total Comprehensive Income Attributable to Shareholders of the Issuer -26.74.43--3.16744.936
All figures are in (Millions) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Total Shareholders Equity (after Deducting Minority Equity) 865.02853.881.304
Profit (Loss) per Share -0.340.06
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 0.560.08
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 year-on-year increase of 9.46% in current quarter sales was primarily attributable to volume growth from an expanded station network, uplift from diesel price increases, and incremental contribution from newly opened SASCO Palm locations.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is Net profit declined year-on- year, mainly due to higher cost of sales, increased ECL provision, lower other income, and higher financing and zakat expenses partially offset by improved sales, fair value gains on investment properties, higher investment and financing income, and lower G&A and selling and marketing expenses.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is Sales declined quarter-on-quarter mainly due to seasonal demand patterns affecting revenue generation during the current period.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is Net profit declined quarter-on-quarter due to lower revenues, lower other income streams, lower investment and financing income, in addition to the absence of FVTPL gains that were recorded in the previous quarter, and higher cost of sales, marketing, financing, and zakat expenses, partially offset by lower G&A expenses, reduced ECL provisions, and higher fair value gains on investment properties.
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) Not applicable
Reclassification of Comparison Items Not applicable
Additional Information -
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 50.1
Net Change 0.6 (+1.21%)
Value Traded (Sar) 34,501,557.85
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