SASCO Q2 Net Profit Soars 131% to SAR 29.7 Million

Saudi Automotive Services Company (SASCO) posted a net profit of SAR 29.7 million for the second quarter of 2025, a 131% surge compared to SAR 12.8 million in the same period last year, according to its financial results for the six months ended June 30, 2025.

Operating profit for Q2 2025 stood at SAR 53.1 million, up 16% from SAR 45.7 million a year earlier.

Earnings per share rose to SAR 0.49, compared to SAR 0.33 in Q2 2024.

The company attributed the profit jump to higher sales, which lifted gross profit. Other contributing factors included increased other income, finance income, changes in the fair value of financial assets held at fair value through profit or loss, dividend income from investments, and lower general and administrative expenses, credit loss provisions, and zakat expenses—despite a rise in marketing and finance costs.