National Industrialization Company (2060) Q2 2025 earnings summary

Executive summary

• Interim results for the three and six months ended 30 June 2025 show a significant turnaround, with a six-month net profit of SR 1.72 billion versus a loss of SR 23.3 million in the prior year period.

• The profit surge is mainly due to a one-time gain of SR 2.03 billion from debt restructuring.

• Revenue for the six months was SR 1.67 billion, down from SR 1.77 billion year-over-year.

Financial highlights

• Six-month net profit: SR 1.72 billion (2024: loss of SR 23.3 million); Q2 net loss: SR 88.1 million (2024: profit of SR 73.9 million).

• Six-month revenue: SR 1.67 billion, down 5.5% year-over-year.

• Basic and diluted EPS for six months: SR 1.24 (2024: loss of SR 0.03).

• Operating loss for six months: SR 199.7 million (2024: profit of SR 66.5 million).

• Cash and cash equivalents at period end: SR 2.44 billion (2024: SR 4.09 billion).

Outlook and guidance

• Management is in discussions to refinance a SR 2 billion loan, aiming for extended payment terms.

• No material events after the reporting date requiring disclosure.