Saudi Cable Company (2110) Q4 2025 earnings summary

Executive summary

• Achieved net profit of SAR 201.9 million for 2025, up from SAR 48.8 million in 2024, despite ongoing financial restructuring and significant accumulated losses.

• Revenue surged to SAR 156 million in 2025 from SAR 44 million in 2024, driven by both goods sales and contract revenue.

• Accumulated losses reduced to SAR 274.8 million (412% of share capital), down from SAR 476.8 million (714%) in 2024.

• Current liabilities exceeded current assets by SAR 669.9 million, though this gap narrowed from SAR 907 million in 2024.

• Management implemented capital increase plans and received significant compensation for expropriated land, improving liquidity.

Financial highlights

• Revenue: SAR 155.95 million (2025), up from SAR 44.08 million (2024).

• Net profit: SAR 201.9 million (2025), up from SAR 48.8 million (2024).

• Gross loss: SAR 31.3 million (2025), compared to SAR 18.9 million (2024).

• Operating loss: SAR 101 million (2025), compared to SAR 66 million (2024).

• Earnings per share: SAR 30.61 (2025) vs. SAR 9.93 (2024).

Outlook and guidance

• Management forecasts net profit and positive cash flows for 2026, based on cash injections from a rights issue and revenue growth from future orders.

• Plans to exit financial restructuring and further strengthen the balance sheet.