Saudi Cable Company (2110) Q3 2025 earnings summary

Executive summary

• Reported net profit of SAR 101.7 million for the nine months ended September 30, 2025, up from SAR 43 million year-over-year.

• Accumulated losses reduced to SAR 375 million, representing 562% of share capital, down from 714% in 2024.

• Current liabilities exceeded current assets by SAR 868 million as of September 30, 2025.

• Management is pursuing a capital increase of SAR 400 million via rights issue, pending regulatory approval.

Financial highlights

• Revenue for the nine months was SAR 113.3 million, up from SAR 30.0 million year-over-year.

• Net profit for the nine months reached SAR 101.7 million, compared to SAR 43.0 million in the prior year.

• Gross loss for the nine months was SAR 24.9 million, compared to SAR 26.0 million last year.

• Basic and diluted EPS from continuing operations was SAR 15.58, up from SAR 8.36 year-over-year.

• Cash and cash equivalents at period end were SAR 7.3 million, down from SAR 14.0 million at year-end 2024.

Outlook and guidance

• Five-year forecast projects continued net profit starting 2025, contingent on successful capital injection and restructuring.

• Revenue growth assumptions are based on future orders and tenders.