Alsaif Gallery Swings to SAR 1.4 Million Profit in Q2

Alsaif Stores for Development and Investment Company has announced on Thursday that it reported a net profit of SAR 1.4 million for the second quarter ended June 30, 2025, compared to a net loss of SAR 4.8 million in the same period a year earlier.

Operating profit rose sharply to SAR 4.1 million, up from SAR 456,400 in the year-ago quarter, reflecting an 803% increase. Earnings per share came in at SAR 0.10, versus a loss of SAR 0.08 per share in Q2 2024.

The company attributed the return to profitability to an 8.4% increase in sales, a 32% improvement in gross profit driven by margin optimization and tighter cost control, and a decline in financing expenses following a restructuring of its financing strategy and increased reliance on internal resources.