Saudi Cable Company (2110) Q4 2025 earnings summary

Executive summary

• Recognized as a leading manufacturer of power and telecommunications cables, with a global presence and nearly five decades of operational history.

• Underwent significant structural changes in 2025, including capital increase, debt settlement, and legal actions to resolve legacy issues.

• Board and committee structures were refreshed, with several new appointments and resignations during the year.

Financial highlights

• Net profit for 2025 reached SAR 202 million, reversing a net loss of SAR 49 million in 2024.

• Accumulated losses decreased to SAR 275 million (411% of share capital), down from SAR 477 million (714%) in 2024.

• Total assets at year-end were SAR 869.7 million, with liabilities of SAR 1,084 million.

• Revenue for 2025 was SAR 155.95 million, up from SAR 44.08 million in 2024.

• Current liabilities exceeded current assets by SAR 670 million at year-end.

Outlook and guidance

• Management forecasts net profit and positive cash flows for 2026, contingent on successful capital injection and revenue growth.

• The Board resolved to finalize the financial reorganization process, aiming for recovery and growth in the short and long term.