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Saudi Automotive Services Co. (SASCO) announces interim financial results for the period ended June 30, 2025 (Six Months)
4050
SASCO
-0.87
%
1447/01/27 22/07/2025 09:18:48
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 2,874.72 | 2,486.51 | 15.612 | 2,760.43 | 4.14 |
| Gross Profit (Loss) | 76.69 | 76.61 | 0.104 | 74.32 | 3.188 |
| Operational Profit (Loss) | 53.13 | 45.77 | 16.08 | 48.78 | 8.917 |
| Net profit (Loss) | 29.7 | 12.85 | 131.128 | 4.28 | 593.925 |
| Total Comprehensive Income | 29.42 | 5.9 | 398.644 | 4.43 | 564.108 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 5,635.15 | 4,939.68 | 14.079 |
| Gross Profit (Loss) | 151.01 | 153.04 | -1.326 |
| Operational Profit (Loss) | 101.91 | 93.72 | 8.738 |
| Net profit (Loss) | 33.98 | 22.86 | 48.643 |
| Total Comprehensive Income | 33.85 | 18.11 | 86.913 |
| Total Shareholders Equity (after Deducting Minority Equity) | 883.3 | 814.18 | 8.489 |
| Profit (Loss) per Share | 0.49 | 0.33 | |
| 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 | 0.22 | 0.03 | |
| All figures are in (Millions) 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 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 reason for the increase in net profit during the current quarter, compared to the same quarter of the previous year, is due to the increase in sales, which led to an increase in total profit, in addition to an increase in other income and financing income, a change in the fair value of financial assets held at fair value through profit and loss, dividends from investments, and a decrease in general expenses, provision for credit losses, and zakat expense, despite the increase in marketing expenses and financing costs. |
| 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 from 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 reason for the decrease in net profit during the current quarter compared to the previous quarter is due to the increase in sales, which led to an increase in total profit, in addition an increase in other income, financing income, dividends from investments, a change in fair value of financial assets held at fair value through profit and loss and decrease in Zakat expense, despite the increase in general expenses, selling and marketing expenses, provision for credit losses and financing costs. |
| 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 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 reason for the increase in net profit during the current period compared to the same period of the previous year is due to the increase in sales, which led to an increase in total profit, in addition an increase in other income, dividends from investments, a change in the fair value of financial assets held at fair value through profit and loss, a decrease in general expenses, and provision for credit losses and zakat expenses, despite the increase in cost of goods sold, marketing expenses, and financing costs, and a 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 clarified in the notes to the consolidated interim financial statements as of June 30, 2025. |
| Additional Information | Nothing |
| 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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