Maadeniya’s losses decreased by 37% to 5.6 million riyals in the third quarter
The losses of the National Metal Manufacturing and Foundry Company decreased "Metallic" In the third quarter of 2025, by 37% to 5.6 million riyals, compared to losses of 8.9 million riyals in the same quarter of last year.
According to the company’s statement on the website "Saudi Arabia trading"The reasons for the decrease in losses during the current quarter compared to the same quarter of the previous year are due to the improvement in profit margins for drawn wire products as a result of the decrease in the cost of production inputs.
The reasons included: a decrease in selling, distribution, and general and administrative expenses, an increase in the reversal of the provision for expected credit losses, an increase in other revenues, and a decrease in the provision for zakat, in addition to a decrease in losses from discontinuous operations.
The reasons for the increase in losses during the current quarter compared to the previous quarter are due to the decrease in sales, the decrease in the reversal of the provision for expected credit losses, and the increase in the provision Zakat and higher losses from discontinued operations.
According to the statement, the reasons for the decrease in losses during the current period (9 months) compared to the same period of the previous year are due to improved sales of drawn wire products, lower cost of inputs for their production, higher reversal of the provision for expected credit losses, higher other revenues, lower provision for zakat, and lower losses from discontinued operations.
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