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Saudi Kingdom Holding's Q2 2025 profit falls 25% as operating costs rise

Saudi Kingdom Holding's Q2 2025 profit falls 25% as operating costs rise

Zawya3 days ago
Saudi Arabia's Kingdom Holding Co. said net profit for the second quarter dropped 25% year-on-year (YoY) to 405 million riyal ($107.92) due to higher operating costs and a fall in dividend income.
The company also reported a decrease in share of results from equity-accounted investees, a fall in finance income, a rise in general, administrative, and marketing expenses, and a reduction in hotels and other operating revenues.
Revenue fell 4% to SAR 623 million during the period, compared to SAR 647 million a year ago, primarily due to a drop in dividend income, as well as hotels and other operating revenues.
Earnings in the first half rose 2% YoY to SAR 837 million due to lower finance charges and a gain on the sale of an equity-accounted investee.
Revenue rose 12% annually to SAR 1.4 billion, supported by higher dividends.
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Saudi Kingdom Holding's Q2 2025 profit falls 25% as operating costs rise
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Zawya

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Saudi Kingdom Holding's Q2 2025 profit falls 25% as operating costs rise

Saudi Arabia's Kingdom Holding Co. said net profit for the second quarter dropped 25% year-on-year (YoY) to 405 million riyal ($107.92) due to higher operating costs and a fall in dividend income. The company also reported a decrease in share of results from equity-accounted investees, a fall in finance income, a rise in general, administrative, and marketing expenses, and a reduction in hotels and other operating revenues. Revenue fell 4% to SAR 623 million during the period, compared to SAR 647 million a year ago, primarily due to a drop in dividend income, as well as hotels and other operating revenues. Earnings in the first half rose 2% YoY to SAR 837 million due to lower finance charges and a gain on the sale of an equity-accounted investee. Revenue rose 12% annually to SAR 1.4 billion, supported by higher dividends.

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