On 2026-03-30 07:55:39 (Saudi Time), Saudi Automotive Services Co. (SASCO) announced its annual financial results for the twelve months ended on December 31, 2025.

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year	The reason for the increase in sales during the current year compared to the previous year is due to the growth in the number of stations, growth in sales from SASCO Palm and the transportation sector, in addition to an increase in the selling price of the diesel product.
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	The reason for the increase in net profit during the current year compared to the previous year is due to: Growth in sales, an increase in the fair value of investment properties, higher finance income, dividends received, and the positive change in the fair value of financial assets measured at fair value through profit or loss, in addition to a decrease in G&A, selling, marketing, and Zakat expenses. This improvement was achieved despite: An increase in cost of sales, expected credit loss provisions, and finance costs, as well as a decline in other income.
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)	Nothing
Reclassification of Comparison Items	Nothing
Additional Information	The gain on the change in fair value of investment properties owned by Naft Co represents the company’s (80%) share excluding the portion attributable to non-controlling interests.
Attached Documents

Year-on-Year Performance Drivers

Sales increased 15.88% YoY to SAR 11,804.03 million, driven by growth in the number of stations, increased sales from SASCO Palm and the transportation sector, and higher diesel selling prices. Net profit surged 45.42% YoY to SAR 64.29 million, primarily due to revenue growth, increased fair value of investment properties, higher finance income and dividends, positive changes in financial assets fair value, and reduced G&A, selling, marketing, and Zakat expenses. This improvement was achieved despite higher cost of sales, increased expected credit loss provisions, and higher finance costs.

Quarter-on-Quarter Performance Drivers

Revenue increased 15.88% year-over-year to 11,804.03 million SAR, driven by growth in the number of stations, increased sales from SASCO Palm and transportation sector, plus higher diesel selling prices. Net profit surged 45.42% to 64.29 million SAR due to revenue growth, increased fair value of investment properties, higher finance income and dividends received, plus reduced G&A and selling expenses. This improvement occurred despite higher cost of sales, increased expected credit loss provisions, and rising finance costs.

Other Items

The auditors issued an unmodified opinion with no additional comments, disclaimers, or adverse opinions noted. The company reported profits from investment property fair value changes of SAR 0.47 million, representing 0.07% of capital. No material risks regarding debt covenant breaches or going concern issues were disclosed in the financial results.

Original announcement:

Attached PDF document link:

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