X 697.9
million
Net profit in
2025
Dear Shareholders,
2025 demanded realism and rewarded disciplined execution. As global trade patterns continued to rebalance, we remained anchored to our purpose: to be the national logistics champion for a globally connected Saudi Arabia. Guided by our theme, “Scaling SAL: Delivering Impact. Driving Growth.”, we focused on executing with clarity and building a platform capable of sustainable, long-term expansion. In doing so, we concentrated on three priorities:
- Protecting and expanding our leadership in cargo ground handling
- Building a scalable logistics business through our Logistics Division and SAL Logistics Zones, aligned with Vision 2030
- Executing with quality, efficiency, and financial discipline
In a year that demanded realism and discipline, SAL delivered resilient growth while strengthening the foundations of its logistics platform. Operational excellence in cargo ground handling, renewed momentum in logistics, and ecosystem investments such as the Falcon City logistics zone position SAL for sustainable expansion aligned with Vision 2030.
Performance and Execution
We began the year by managing normalization after an exceptional 2024 base. Through consistent execution and operational discipline, momentum was rebuilt quarter by quarter, and we closed the year 2025 in a position of strength, demonstrating that disciplined growth and financial resilience can advance together.
For the full year, SAL delivered X 1.708 billion in revenue, a 5% increase YoY, and X 698 million in net profit, up 6% YoY. These results reflect the strength of our business model, our disciplined cost management, and our ability to scale responsibly while preserving margins and capital efficiency.
Our performance also reflects the depth of the relationships built with our valued partners. Throughout the year, we strengthened our competitiveness, deepened customer engagement, and reinforced our commitment to sustainable value creation, ensuring that growth translates into lasting impact.
Divisional Progress
SAL Cargo Ground Handling
Cargo Ground Handling remained the anchor of our performance in 2025. The division delivered solid growth, margins, and consistent service quality across our network. Peak-season demand in the fourth quarter was managed with high efficiency, supported by enhanced planning, productivity improvements, and upgraded digital and operational tools.
Commercially, we strengthened our position through new international wins and a continued shift from charter-based activity toward more predictable scheduled contracts. These achievements reflect the core strengths of the SAL model: service reliability, productivity discipline, and the ability to translate volume activity into sustainable margin performance.
SAL Logistics
2025 was a year of strategic rebuilding followed by clear operational traction. A deliberate reset in the first half strengthened commercial discipline, contract economics, and cost efficiency. By the second half, throughput increased, customer onboarding accelerated, and service levels improved. The division returned to profitability in the third quarter and delivered double-digit revenue growth in Q3 and Q4, supported by new contract wins across key sectors.
The inauguration of the Kaden Distribution Center expanded our capacity and introduced modern logistics infrastructure into our network, strengthening the division’s operational foundations and enhancing scalability. With these advances, Logistics is becoming a more integrated, scalable, and strategically important part of the Group, reinforcing our transition toward a broader logistics platform.
Building an Ecosystem
A defining milestone of 2025 was SAL’s evolution into an ecosystem enabler, a clear reflection of our scaling journey. We entered a strategic partnership with Sela to develop the SAL Logistics Zone at Falcon City (Malham), north of Riyadh, and we were included in the Shareek Program.
This development, spanning more than 1.57 million square meters, represents one of the Kingdom’s most significant logistics zone projects. It will expand national logistics capacity, enhance multimodal connectivity, and support Saudi Arabia’s growing role in global supply chains, fully aligned with Vision 2030’s National Transport & Logistics Strategy.
This initiative marks an important step in delivering long-term economic impact, accelerating private-sector participation, and reinforcing SAL’s positioning as a central player in the Kingdom’s logistics transformation.
Building Operational Excellence
Throughout 2025, we advanced critical upgrades across our terminals in Jeddah, Riyadh, Dammam, and Madinah. These enhancements were designed to manage rising flows of imports, transit cargo, and strategic exports while upholding the highest standards of efficiency, digitalization, security, and safety.
These investments reflect our long-term operating plan: building a resilient, scalable, and future-ready platform capable of supporting the Kingdom’s expanding trade and logistics ambitions. Scaling SAL is not only about growth, it is about strengthening foundations to support sustained performance.
Looking Ahead
As we move into the new year, we do so with clarity and determination. The opportunities ahead will reward organizations that execute consistently, adapt thoughtfully, and build capabilities with purpose.
We enter this next chapter with momentum, a clear strategy, and an unwavering belief in our role as a national logistics champion and integrated platform.
Our focus remains on:
- Deepening operational excellence
- Strengthening commercial capabilities
- Expanding logistics capacity and infrastructure
- Advancing ecosystem projects that support Vision 2030
We will continue to operate with precision, invest with discipline, and compete with ambition, guided by long-term thinking and a commitment to delivering value for Saudi Arabia and for our shareholders.
Our achievements this year reflect the dedication of our people, the trust of our customers and partners, the confidence of our shareholders, and the support of our Board of Directors. To every member of the SAL family, on the ramp, in our terminals, across our offices, and throughout our network, thank you. Your resilience and professionalism remain the engine of our success as we scale for the future.
Omar Talal Hariri
Chief Executive Officer