Sinad Holding Reports SAR 15.7M Net Loss in Three Months 2026
SINAD HOLDING 4080.SA | 0.00 |
On 2026-05-06 15:52:10 (Saudi Time), Sinad Holding Co. 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 | 432.4 | 409 | 5.721 | 428.2 | 0.98 |
| Gross Profit (Loss) | 123.8 | 123.7 | 0.08 | 117.9 | 5.004 |
| Operational Profit (Loss) | 9.6 | 20.3 | -52.709 | 31.1 | -69.131 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -15.7 | -2.7 | 481.481 | -8.7 | 80.459 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -31.1 | 107.9 | - | -151.7 | -79.499 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 999.8 | 1,184.5 | -15.593 |
| Profit (Loss) per Share | -0.12 | -0.02 | |
| All figures are in (Millions) 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 (Millions) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales increased 5.72% YoY to SAR 432.4 million, driven by higher sales from subsidiaries in Saudi Arabia and Egypt, supported by price adjustments and strengthened sales channels. However, net loss widened significantly to SAR 15.7 million from SAR 2.7 million in the prior year, primarily due to gross losses from investments resulting from unrealized losses on financial investments and equity instruments caused by decreased fair values, along with higher general and administrative expenses, selling and distribution expenses, lower other operating income, and increased foreign exchange losses.
Quarter-on-Quarter Performance Drivers
QoQ revenue increased 0.98% to 432.4 million SAR from 428.2 million SAR, driven by higher sales from subsidiaries in Saudi Arabia and Egypt with price adjustments and strengthened sales channels. Net loss deepened 80.459% to -15.7 million SAR from -8.7 million SAR due to higher gross losses from unrealized losses on financial investments and equity instruments from decreased fair value, increased general and administrative expenses, and foreign exchange losses compared to gains in the previous quarter.
Other Items
The external auditor issued an unmodified conclusion with no additional comments or qualifications noted. During December 2025, the company sold one of its subsidiaries, with the subsidiary's financial results presented under "Discontinued Operations". Total shareholders equity decreased 15.593% to SAR 999.8 million from SAR 1,184.5 million in the prior year period, while loss per share widened to SAR -0.12 from SAR -0.02.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95028&anCat=1&cs=4080&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.