Keir International Reports SAR 6.79M Net Loss in Six Months 2025
KEIR 9542.SA | 0.00 |
On 2026-06-25 15:57:48 (Saudi Time), Keir International Company announced its Interim financial results for the six months ended on June 30, 2025.
| Element List | Current Period | Similar period for previous year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 71,180,429 | 58,272,834 | 22.15 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -6,786,505 | -8,019,626 | -15.376 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 27,344,878 | 60,902,021 | -55.1 | ||
| Profit (Loss) per Share | -0.28 | -0.23 | |||
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | -147,998,719 | -123 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| 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 increase in revenue was mainly driven by the growth in business activities, with revenue reaching SAR 71 million compared to SAR 58 million for the same period last year, representing an increase of SAR 12 million, or 22%. This growth was primarily attributable to the expansion of business activities and increased transactions with the Company's customers. |
| 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 Company reported a net loss of SAR 33.5 million compared to a net loss of SAR 27.0 million for the same period of the previous year. The increase in net loss was primarily attributable to higher provisions recognized during the period, including an impairment provision on trade receivables and contract assets amounting to SAR 3.8 million, in addition to an increase in administrative expenses. |
| Statement of the type of external auditor's report | Conservation |
| Reclassification of Comparison Items | Not Applicable |
| Additional Information | It should be noted that the Company has previously disclosed its annual financial results for the year ended December 31, 2025. This announcement is being made to subsequently publish the preliminary financial results for the period ended June 30, 2025. |
Year-on-Year Performance Drivers
Sales increased 22.15% YoY to SAR 71.18 million, driven by expansion of business activities and increased customer transactions. Despite revenue growth, net loss attributable to shareholders improved by 15.376% to SAR 6.79 million, though the company reported higher overall net loss due to increased provisions including SAR 3.8 million impairment on trade receivables and contract assets, plus higher administrative expenses.
Other Items
The external auditor issued a conservation (qualified) opinion on the interim financial results. Keir International Company faces significant financial distress with accumulated losses of SAR 147,998,719 representing 123% of capital, substantially exceeding the regulatory threshold. Total shareholders' equity declined dramatically by 55.1% to SAR 27,344,878 compared to SAR 60,902,021 in the previous year period. Loss per share worsened to SAR 0.28 from SAR 0.23 in the comparable period.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96396&anCat=1&cs=9542&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.