Riyadh, Saudi Arabia — SASCO Q2 profits surged 131.1% year-on-year to SAR 29.7 million in Q2 2025, fueled by revenue growth and effective cost controls.

SASCO Q2 Profits Soar 131% to SAR 29.7M on Revenue Growth and Cost Savings

Saudi Automotive Services Company (SASCO) reported a net profit of SAR 29.7 million in Q2 2025, up from SAR 12.85 million in Q2 2024. This marks a 131.1% year-on-year increase. Quarter-on-quarter, profit jumped nearly 594% from SAR 4.28 million in Q1 2025.

Strong Revenue Growth

Q2 revenues rose 15.6% year-on-year to SAR 2.875 billion. This growth was led by increased sales at service stations, stronger performance in Nakhlah SASCO and transport segments, and higher diesel prices.

Profit Boosted by Income Gains and Cost Control

Higher profits were also supported by gains in financing and other income, including dividend income and fair-value gains on financial assets. Meanwhile, general expenses, zakat, and credit-loss provisions declined. Although marketing and financing costs rose, broader cost savings offset these increases.

H1 Profits Also Up Sharply

For the first half of 2025, net profit climbed 48.6% to SAR 33.98 million, up from SAR 22.86 million in H1 2024. Revenue rose 14.1% to SAR 5.635 billion from SAR 4.940 billion in the same period last year.

Strategic Takeaways for Investors

  • Fuel-sector momentum: Higher fuel prices and new station openings supported strong revenue growth.
  • Diversified income: Gains from financial investments and other sources added valuable non-core earnings.
  • Cost efficiency: Operating cost reductions helped maintain margins despite higher promotional spending.
  • Improved leverage: Quarter-on-quarter profit growth shows better use of fixed cost structures.

 

 

THE SAUDI STANDARD’S VIEW: SASCO’s Q2 Surge Reflects Sector Strength and National Impact

SASCO’s 131% profit jump in Q2 2025 and a nearly 49% rise in H1 earnings highlight the growing importance of Saudi Arabia’s retail fuel and mobility infrastructure. These results go beyond numbers—they reflect progress toward national goals for efficient service delivery, connectivity, and energy access.

  • Revenue Driven by Network Growth: The 15.6% revenue increase came from a wider station network and strong results from logistics and transport units. This shows how SASCO’s scale directly feeds financial performance.
  • Disciplined Spending Lifts Margins: Profit growth was not just about higher sales. Reduced general expenses and zakat obligations helped protect earnings, making the company more resilient in a changing market.
  • Support for Vision 2030 Goals: SASCO’s growth aligns with national strategies like the National Transport and Logistics Strategy (NTLS), reinforcing the role of private firms in advancing infrastructure and connectivity.
  • Smarter Financial Management: Returns from investments and dividends reflect stronger treasury capabilities. This enhances investor confidence and strengthens SASCO’s reinvestment potential.

In conclusion, SASCO Q2 profits demonstrate how retail energy players are helping build Saudi Arabia’s future—economically, logistically, and strategically. As Vision 2030 advances, SASCO is well-positioned as a key player in the Kingdom’s transport and energy landscape.

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