SASCO Swings to Loss as Costs Outpace Revenue
Riyadh, Saudi Arabia — Saudi Automotive Services Co. (SASCO) reported a net loss of 20.79 million SAR for Q3 2026, reversing a net profit of 8.41 million SAR in Q3 2025. Revenue rose 10.4% year-on-year to 3.38 billion SAR, but costs grew faster than sales. The result exposes a widening gap between top-line growth and […] The post SASCO Swings to Loss as Costs Outpace Revenue appeared first on The…
Saudi Automotive Services Co. (SASCO) has reported a net loss of 20.79 million SAR for Q3 2026, a sharp reversal from a net profit of 8.41 million SAR in the same quarter last year. While revenue grew by 10.4% year-on-year to 3.38 billion SAR, costs increased at a faster pace than sales. This has resulted in gross profit falling by 32.5% to 148.79 million SAR and operating profit declining by 46.2% to 81.88 million SAR for the nine months ending September 30, 2026. The widening gap between revenue growth and profit has exposed a troubling margin crisis at SASCO.
Written by urgent.news from The Saudi Standard's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
