Sarine Technologies reported revenue of USD 22.3 million for the first nine months of 2025, down 27% from USD 30.6 million in the same period of 2024. The company attributed the softer performance to continued weakness in natural diamond demand and broader luxury retail pressures in key markets. EBITDA fell 24% to USD 2.2 million from USD 2.9 million a year earlier.<\/p>\n
The Group posted a net loss of USD 0.5 million for the period, compared with a USD 0.2 million loss last year. This figure includes a USD 0.1 million loss tied to its recent investment in Kitov AI. Sarine said that while market conditions remain challenging, it is seeing growing interest in its AI grading solutions and planning technologies, particularly in the lab-grown diamond segment.<\/p>\n
Sarine noted that its cost reduction measures are already helping cushion the downturn. The shift of all production and most customer support functions to its Indian subsidiary has lowered operating expenses, and the company expects to realise a full year of savings in 2026.<\/p>\n
Sarine also reiterated its strategic move to diversify through a 33% stake in Kitov.ai, with an option to increase its holding to 51% through a convertible loan.<\/p>\n","protected":false},"excerpt":{"rendered":"
Sarine Technologies reported revenue of USD 22.3 million for the first nine months of 2025, down 27% from USD 30.6 million in the same period of 2024. The company attributed the softer performance to continued weakness in natural diamond demand and broader luxury retail pressures in key markets. EBITDA fell 24% to USD 2.2 million…<\/p>\n","protected":false},"author":1,"featured_media":34118,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-34117","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"\n