SAPTCO Reports SAR 5.35M Net Profit in Three Months 2026
SAPTCO 4040.SA | 0.00 |
On 2026-05-07 08:55:44 (Saudi Time), Saudi Public Transport Company- (SAPTCO) announced its interim financial results for the three months ended on March 31, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 396,334 | 341,331 | 16.114 | 617,635 | -35.83 |
| Gross Profit (Loss) | 64,587 | 37,838 | 70.693 | 255,385 | -74.709 |
| Operational Profit (Loss) | 36,534 | -1,698 | - | 140,688 | -74.031 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 5,345 | -24,313 | - | 45,165 | -88.165 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 5,345 | -24,313 | - | 41,865 | -87.232 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 982,213 | 897,568 | 9.43 |
| Profit (Loss) per Share | 0.04 | -0.19 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | -267,787 | -21.42 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales increased 16.11% YoY to 396.33 million SAR due to increased public transport operations. The company turned from a net loss of 24.31 million SAR in the prior year to a net profit of 5.35 million SAR, driven by higher operational revenues, reduced selling and administrative expenses, incremental other income, impairment reversals on receivables, and increased finance income and associate profits.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 35.83% from 617.64 million to 396.33 million due to differences in the company's operating seasons between quarters, resulting in variations in operating rates. Net profit dropped 88.17% from 45.17 million to 5.35 million, primarily driven by decreased operating revenue from seasonal variations, along with reduced finance income and lower share of profit from associate companies and joint ventures.
Other Items
The external auditor issued an unmodified conclusion for the interim period. The auditor's report included an Other Matter paragraph noting that "The interim condensed consolidated financial statements for the three-month period ended 31 March 2025 were reviewed by another auditor who expressed an unmodified review conclusion on these financial statements on 14 Thul-Qi'dah 1446H (corresponding to 12 May 2025)." Accumulated losses decreased from SAR 273.1 million (21.9% of capital) as of December 31, 2025 to SAR 267.8 million (21.4% of capital) as of March 31, 2026, due to the recognition of profit in the first quarter of 2026. Total shareholders equity increased 9.43% to SAR 982.2 million compared to the same period last year.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95066&anCat=1&cs=4040&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.