Rawasi Albina Reports SAR 23.89M Net Profit in 2025
RAWASI 9547.SA | 0.00 |
On 2026-05-07 16:10:34 (Saudi Time), Rawasi Albina Investment Co. announced its Annual financial results for the twelve months ended on December 31, 2025.
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 129,256,173 | 132,877,408 | -2.73 | ||
| Gross Profit (Loss) | 12,967,726 | 31,990,662 | -59.46 | ||
| Operational Profit (Loss) | 4,147,189 | 21,727,464 | -80.91 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 23,891,738 | 7,457,936 | 220.35 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 24,357,779 | 7,215,312 | 237.58 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 120,629,198 | 144,986,977 | -16.8 | ||
| Profit (Loss) per Share | -0.43 | 0.14 | |||
| 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 | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | The decrease in sales/revenues during the current year compared to the previous year is attributable to a 2.7% decline in sales revenues for the fiscal year 2025. Nevertheless, revenues remained relatively stable overall. The decline was primarily driven by the slowdown in the execution of certain ongoing projects during the period, in addition to delays in the approval and issuance of certain project-related payment certificates, which consequently affected the amount of revenue recognized during the fiscal year 2025 as compared to the previous year. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is |
Despite the relative stability in revenues and the noticeable improvement in cash flows, the Company reported a decline in profitability and incurred losses for the first time. This was primarily attributable to a shift in the revenue mix toward lower-margin activities as part of the Company’s strategy to strengthen and expand its market share, in addition to the increase in material costs, financing costs, and the recognition of non-recurring provisions. Furthermore, a substantial portion of the losses recorded during the year was related to non-recurring expenses.
The fiscal year 2025 witnessed several significant developments, most notably the following:
* Financing costs increased by 60%. * Gross profit declined as a result of a 17% increase in the cost of revenues. * Expected credit losses relating to trade receivables and contract assets increased. * General and administrative expenses increased by 26%, primarily due to non-recurring expenses.
In addition, the Company expanded into new complementary sectors through the acquisition of a company operating in the real estate and industrial investment sectors, in line with its 2025 strategy to diversify its customer base. This expansion also led to an increase in capital expenditures related to infrastructure and engineering personnel. |
| Statement of the type of external auditor's report | Unmodified opinion |
| 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 | Not Applicable |
| Additional Information | - |
Year-on-Year Performance Drivers
Sales declined 2.73% YoY to SAR 129.26 million primarily due to project execution slowdowns and delays in payment certificate approvals. Despite relatively stable revenues, net profit increased dramatically by 220.35% to SAR 23.89 million, contrasting with the company's explanation of incurred losses, which appears inconsistent with the reported positive net profit figures. The company cited a shift toward lower-margin activities, increased material and financing costs (up 60%), and non-recurring provisions as factors affecting profitability.
Other Items
The external auditor issued an unmodified opinion with no additional comments or qualifications noted. The company reported gross profit declined 59.46% to SAR 12.97 million and operational profit decreased 80.91% to SAR 4.15 million. Total shareholders equity decreased 16.8% to SAR 120.63 million. Earnings per share turned negative at -0.43 compared to 0.14 in the previous year. The company attributed performance changes to increased financing costs by 60%, a 17% rise in cost of revenues, higher expected credit losses on receivables, and 26% increase in general administrative expenses due to non-recurring items. The company expanded through acquisition of a real estate and industrial investment company as part of its 2025 diversification strategy.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95098&anCat=1&cs=9547&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.