Riyadh - Mubasher: Takween Advanced Industries Company incurred 335.56% higher net losses at SAR 35.56 million in the first half (H1) of 2025, compared to SAR 8.16 million in H1-24.

The company reported revenues amounting to SAR 283.38 million in the first six months (6M) of 2025, an annual fall of 17.85% from SAR 344.96 million.

Loss per share hit SAR 0.47 in H1-25, versus SAR 0.12 in the same period of 2024.

Meanwhile, the accumulated losses reached SAR 333.91 million at the end of June 2025, accounting for 43.67% of the capital. 

Results for Q2-25

During the second quarter (Q2) of 2025, Takween’s net losses deepened by 524.82% to SAR 26.04 million from SAR 4.16 million in Q2-24.

Revenues dropped by 14.48% to SAR 138.38 million in April-June 2025 from SAR 161.82 million in Q2-24.

Quarter-on-quarter (QoQ), the Q2-25 net losses widened by 173.65% from SAR 9.51 million in Q1-25, while the revenues declined 4.56% from SAR 145 million.