Riyadh – Mubasher: Knowledge Economic City suffered 41.99% higher net losses at SAR 54.94 million in the first half (H1) of 2025, compared to SAR 38.69 million in H1-24.
The revenues hiked by 912.12% to SAR 112.45 million in H1-25 from SAR 11.11 million a year earlier, according to the financial results.
Loss per share increased to SAR 0.16 in the first six months (6M) from SAR 0.11 in H1-24.
The Saudi group incurred accumulated losses totaling SAR 461.18 million as of 30 June 2025, representing 14% of the capital.
Results for Q2
In the second quarter (Q2) of 2025, the net losses hit SAR 37.68 million, higher by 50.05% than SAR 25.11 million in Q2-24.
Revenues stood at SAR 61.45 million in April-June 2025, marking a 1,610% year-on-year (YoY) leap from SAR 3.59 million.
On a quarterly basis, the Q2-25 net losses widened by 118.33% compared to SAR 17.26 million in Q1-25, while the revenues hiked by 20.51% from SAR 50.99 million.
