Sustained Infrastructure Holding Co. announces its Interim Financial results for the Period Ending on 2025-09-30 ( Nine Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 381.1 | 341.8 | 11.497 | 307.3 | 24.015 |
| Gross Profit (Loss) | 180.1 | 179.8 | 0.166 | 160 | 12.562 |
| Operational Profit (Loss) | 103.3 | 116.1 | -11.024 | 102.5 | 0.78 |
| Net profit (Loss) | 16.9 | -9.4 | - | 19.9 | -15.075 |
| Total Comprehensive Income | 16.9 | -24.8 | - | 17.8 | -5.056 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 1,017.2 | 901.9 | 12.784 |
| Gross Profit (Loss) | 522.3 | 469.5 | 11.246 |
| Operational Profit (Loss) | 335.6 | 293 | 14.539 |
| Net profit (Loss) | 61.7 | -20.1 | - |
| Total Comprehensive Income | 51.4 | -26.8 | - |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,464 | 1,450 | 0.965 |
| Profit (Loss) per Share | 0.76 | -0.25 | |
| 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 | - | - | |
| 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 | Revenues increased by 11.5% to SAR 381.1 million in Q3 2025 compared to SAR 341.7 million in Q3 2024. This growth was primarily driven by growth in the ports segment, largely due to the new multi-Purpose Terminals (“MPTs”) that became operational during Q3, and the international ports segment. |
| 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 for Q3 2025 is SAR 16.9 million, up by 280.3% from a loss of SAR 9.4 million in Q3 2024 due to the following:
• strong performance in the ports segment, • increase in income from equity accounted associates of SAR 4.2 million due to a one-off loss of SAR 8 million in GDI in Q3 2024, and • a decrease in zakat expense by SAR 31 million mainly due to a one-off zakat payment in Q3 2024.
This was offset by an increase in finance charges and operating costs associated with MPT. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Revenues increased by 24% from SAR 307.3 million in Q2 2025 to SAR 381.1 million in Q3 2025. The increase was mainly driven by the port segment mostly the new MPT and international ports business. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net profit decreased by 15% from SAR 19.9 million in Q2 2025 to SAR 16.9 million. The reason for this decline is as follows:
• due to pre-operating and other direct and indirect costs associated with MPT, • lower gateway volumes in the ports segment, and • Decrease in income from equity accounted associates. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Revenues increased by 12.8% to SAR 1.01 billion compared to SAR 901.9 million in the same period last year. This was primarily driven by growth in the ports segment, mainly coming from higher gateway and consignee revenues and revenue from MPT. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | SISCO Holding reported a net profit of SAR 61.7 million, compared to a loss of SAR 20 million in same period last year. This increase is due to the following:
• strong revenue growth and improved gross profit, • an increase in income from equity accounted associates as the same period last year included a one-off provision for EPC cost overruns of SAR 34 million in SISCO’s associate Tawzea and a one-off loss in GDI of SAR 12 million, and • a reduction in zakat expense of SAR 28.1 million as last year included a one-off zakat expense of SAR 25 million |
| 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 | Financial statements for the current period have been prepared according to the International Financial Reporting Standards (IFRS) that are endorsed in the Kingdom of Saudi Arabia and based on that the presentation, measurement, recognition, and disclosure for some of the financial data has been changed to comply with IFRS accounting policies as adopted in the Kingdom. |
| Additional Information | - |
| Attached Documents |  |
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