Saudi Parts Center Posts SAR 3.91M Net Loss in the Six Months 2026
SPC 9533.SA | 0.00 |
On 2026-08-25 15:54:18 (Saudi Time), Saudi Parts Center Co. announced its Interim financial results for the six months ended on June 30, 2026.
| Element List | Current Period | Similar period for previous year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 41,403 | 43,648 | -5.143 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -3,906 | -6,268 | -37.683 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 28,167 | 41,127 | -31.512 | ||
| Profit (Loss) per Share | -1.3 | -2.09 | |||
| 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 | -1,070 | 3.57 | |
| All figures are in (Thousands) 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 | Sales decreased by SAR 2.2 million due to a decline in agricultural and Trucks sales revenues compared to the same period in 2025. |
| 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 decrease in the Company’s losses during the first half of 2026 by SAR 2.4 million compared to the corresponding period of the fiscal year 2025 was mainly attributable to an improvement in the gross profit margin by 2.6 %, in addition to a decrease of SAR 2.1 million in general and administrative expenses and selling and distribution expenses compared to the corresponding period of the fiscal year 2025. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | Some comparative figures have been reclassified to fit the current view |
| Additional Information |
For any inquire please contact Investor Relations at:
Phone No: 0118212553, Email: aaltayyar@spc-parts.com |
Year-on-Year Performance Drivers
Sales/Revenue declined 5.143% YoY from SAR 43.65 million to SAR 41.40 million, primarily driven by a decrease in agricultural and trucks sales revenues compared to the same period in 2025. Despite the revenue decline, the net loss attributable to shareholders narrowed significantly by 37.683% YoY, from SAR 6.27 million to SAR 3.91 million, mainly due to an improvement in gross profit margin by 2.6%, alongside a SAR 2.1 million reduction in general and administrative expenses and selling and distribution expenses compared to the corresponding period of fiscal year 2025.
Other Items
The external auditor issued an unmodified conclusion for the period. Accumulated losses stood at SAR 1,070 thousand, representing 3.57% of capital. Total shareholders' equity (after deducting minority equity) declined 31.512% YoY to SAR 28,167 thousand. Loss per share improved to SAR -1.3 from SAR -2.09 in the same period of the prior year. Some comparative figures have been reclassified to fit the current presentation.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97789&anCat=1&cs=9533&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.