Riyadh – Mubasher: National Industrialization Company (Tasnee) turned profitable at SAR 895.80 million in the first quarter (Q1) of 2025, against net losses of SAR 72.10 million in Q1-24.
Tasnee generated revenues amounting to SAR 862.70 million in Q1-25, up 13.30% year-on-year (YoY) from SAR 761.40 million, according to the financial results.
Earnings per share (EPS) hit SAR 1.34 as of 31 March 2025, versus a loss per share of SAR 0.11 in Q1-24.
Quarterly, the Q1-25 net profits hiked by 2,614% from SAR 33 million in Q4-24, while the revenues dropped by 21.77% from 1.10 billion.
At the end of December 2024, Tasnee’s net profits shrank by 49.01% YoY to SAR 102.80 million from SAR 201.60 million.
