SAL Saudi Logistics Services Co. announces its Interim Financial Results for the Period Ending on 30/06/2025 (Six Months)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 393,973 | 405,484 | -2.838 | 384,057 | 2.581 |
| Gross Profit (Loss) | 223,997 | 222,426 | 0.706 | 214,150 | 4.598 |
| Operational Profit (Loss) | 172,368 | 167,544 | 2.879 | 164,981 | 4.477 |
| Net profit (Loss) | 162,244 | 155,452 | 4.369 | 153,091 | 5.978 |
| Total Comprehensive Income | 162,244 | 155,452 | 4.369 | 153,091 | 5.978 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 778,030 | 858,010 | -9.321 |
| Gross Profit (Loss) | 438,147 | 483,409 | -9.363 |
| Operational Profit (Loss) | 337,349 | 395,388 | -14.678 |
| Net profit (Loss) | 315,335 | 363,898 | -13.345 |
| Total Comprehensive Income | 315,335 | 363,898 | -13.345 |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,496,844 | 1,336,425 | 12.003 |
| Profit (Loss) per Share | 3.94 | 4.55 | |
| 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 | - | - | |
| Accumulated Losses | - | - | |
| 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 | SAL Saudi Logistics Services Company’s revenues for the current quarter amounted to SAR 394.0 million, marking a 3% decrease compared to SAR 405.5 million in the same quarter last year.
• This decline was mainly driven by lower revenues in the Logistics Division due to timing differences in project activity, as the Company continued to focus on strengthening its core capabilities and laying the foundation for sustainable long-term growth in this division.
• The decline in Logistics revenues was slightly offset by an increase in revenues from the Handling Division, where the revision and enhancement of the Company’s service offerings supported overall performance.
• As a result of this, the Company’s Operating Profit (EBIT) increased by 3% to reach SAR 172.4 million, compared to SAR 167.5 million in the same quarter of the previous year. |
| 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 increased by 4% compared to the same quarter last year, reaching SAR 162.2 million versus SAR 155.5 million. This growth is mainly driven by the following reasons:
• The 2% year-on-year increase in the Handling Division’s revenue, supported by the enhancement in the service list offering, which partially offset the impact of lower volumes compared to the same quarter of last year.
• Strengthened relationships with airline partners, leading to a successful conversion of some charter flight clients into long-term contracted customers.
• The Company’s ongoing focus on operational efficiency and cost optimization. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | SAL Saudi Logistics Services Company’s revenues for the current quarter amounted to SAR 394.0 million, marking a 3% increase compared to the previous quarter. This growth was mainly driven by the revision and enhancement of the Company’s service list offering. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net profit increased by 6% from the previous quarter, amounting to SAR 162.2 million. This increase is primarily driven by the following:
• The enhancement of the Company’s service offerings in the Handling Division.
• Strengthened relationships with airline partners, leading to a successful conversion of some charter flight clients into long-term contracted customers.
• The Company’s ongoing focus on operational efficiency and cost optimization. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | SAL Saudi Logistics Services Company’s revenues for the current period amounted to SAR 778.0 million, marking a 9% decrease compared to SAR 858.0 million for the same period last year. This decline is mainly driven by the following:
• A decrease in the Logistics Division revenue due to timing differences in project activity, as the Company continued to focus on strengthening its core capabilities and laying the foundation for sustainable long-term growth in this division.
• Handling Division revenue declined year-on-year in the current period, reflecting a return to normalized handling levels after the exceptionally high-volume base of Q1 2024 as a result of the supply chain disruptions on the Red Sea. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Net profit decreased by 13% in the current period compared to the same period last year, reaching SAR 315.3 million, compared to SAR 363.9 million, mainly due to the following:
• A decrease in the Logistics Division revenue due to timing differences in project activity, as the Company continued to focus on strengthening its core capabilities and laying the foundation for sustainable long-term growth in this division.
• Handling Division revenue declined year-on-year in the current period, reflecting a return to normalized handling levels after the exceptionally high-volume base of Q1 2024 as a result of the supply chain disruptions on the Red Sea. |
| 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) | None |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified to conform with the current year’s presentation to these condensed interim financial statements. |
| Additional Information | For any inquiries or further details, please contact the Investor Relations at (+966 12 6964168 or +966-550120163) or via email at: [email protected] |
| Attached Documents |  |
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