SNB Capital: What to expect in Q2 2025?

SNB Capital published Q2 2025 earnings forecasts for Tadawul-listed banks and firms under its coverage, including Saudi Basic Industries Corp. (SABIC), Al Rajhi Bank and Saudi Electricity Co. (SEC). 

 

Al Rajhi Banks' second-quarter net profit is projected to rise 23% year-on-year (YoY) to SAR 5.76 billion.

 

SNB Capital's Forecasts for Q2 2025 (SAR mln)

Company

Q1 2025 Estimates 

YoY Change

Petrochemicals

SABIC

(203)

--

SIIG

24.4

(62%)

Yansab

32.0

(86%)

Advanced

70.7

+70%

Tasnee

(8.4)

--

Sipchem

84.5

(30%)

SABIC AN

940

+33%

Kayan

(463)

--

Arabian Drilling

67.2

+233%

Luberef

305

+2%

ADES

203

+2%

Banks

Al Rajhi Bank

5765

+23%

Alinma Bank

1519

+7%

BSF

1308

+16%

Bank Albilad

695

+8%

Bank AlJazira

347

+9%

Riyad Bank

2448

+5%

SAB

2104

+4%

Telecoms

stc

3348

+1%

Etihad Etisalat

739

+12%

Zain KSA

100

(5%)

solutions

400

(12%)

Healthcare

Saudi German Health

65.4

+7%

Mouwasat

187

+23%

Al Hammadi

71

(40%)

Sulaiman Al Habib

568

+2%

Dallah

91

(19%)

Fakeeh**

67.6

+58%

Tourism

SGS

107

+36%

CATRION

79.4

+9%

Seera

47.9

(12%)

Retail

Leejam

70.1

(4%)

eXtra

99.2

(7%)

Shaker

20.6

+25%

Jarir

178

+4%

BinDawood Holding

71.6

(5%)

Al Othaim

38.3

(11%)

Nahdi

257

+4%

Americana***

57.7

+11%

Aldawaa

106

+11%

Almajed Oud

84.1

+52%

Nice One

20.8

+15%

Cement

Arabian Cement

22.1

 (24%)

Yamama Cement

144

+70%

Eastern Cement

56.9

(6%)

Qassim Cement****

81.3

--

Southern Cement

28.2

(6%)

Saudi Cement

97.0

+11%

Yanbu Cement

25.3

(36%)

Riyadh Cement

64.9

+1%

Real Estate

Dar Al Arkan

223

+35%

Taiba

122

+36%

Food & Beverages

Savola*****

114

--

Almarai

665

+7%

First Mills

53.5

+18%

Modern Mills

50.2

+13%

Car Rental

Lumi

58.5

+27%

Budget Saudi

82.7

+18%

Theeb

46.2

+4%

SAL

151

 (3%)

Fuel Stations

Aldrees

104

+26%

SASCO

7.6

(41%)

Manpower Solutions

SMASCO

38.2

+7%

Al Mawarid

29.6

+27%

Maharah

23.2

(55%)

Tamkeen

24.5

+18%

Others

SEC******

4501

+4%

Tadawul

107

(35%)

Saudi Steel Pipe*******

253

--

Jamjoom Pharma

125

+17%

Avalon Pharma

26.4

+21%

MBC Group

139

+20%

Riyadh Cables

291

+83%

**Before minority interest.

***Financial statements in USD.

****Financial statements for Q2 2024 are partially consolidated with Hail Cement, and thus are not comparable YoY.

*****Savola's results for Q2 2025 are not comparable YoY due to the latest restructuring.

******SEC's net income is shown before profit attributed to Mudaraba instrument.

*******Net income includes exceptional redemption as a result of a previous land deal.

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Quotes

STC
42.54
(0.70) (1.62%)
ETIHAD ETISALAT
62.80
(0.95) (1.49%)
SAUDI ELECTRICITY
14.32
(0.06) (0.42%)
ALRAJHI
97.50
(2.60) (2.60%)
ALBILAD
26.56
(0.46) (1.70%)
BJAZ
11.66
(0.18) (1.52%)
RIBL
25.66
(0.22) (0.85%)
SAB
30.70
(0.64) (2.04%)
BSF
16.50
(0.28) (1.67%)
ACC
21.23
(0.22) (1.03%)
EPCCO
23.45
(0.28) (1.18%)
QACCO
41.80
(0.46) (1.09%)
SAUDI CEMENT
37.00
(0.36) (0.96%)
SPCC
23.72
0.47 2.02%
YC
23.62
(0.08) (0.34%)
YCC
15.69
0.05 0.32%
ALMARAI
46.02
(0.42) (0.90%)
TASNEE
10.50
0.12 1.16%
SABIC
55.75
(0.65) (1.15%)
SABIC AGRI-NUTRIENTS
117.00
(1.10) (0.93%)
SAVOLA GROUP
25.66
(0.54) (2.06%)
SIIG
14.71
(0.16) (1.08%)
YANSAB
31.22
0.22 0.71%
SASCO
62.00
(0.30) (0.48%)
ALDREES
131.40
(2.60) (1.94%)
SIPCHEM
16.84
(0.39) (2.26%)
SAUDI KAYAN
5.42
(0.05) (0.91%)
ALINMA
24.44
(0.36) (1.45%)
BUDGET SAUDI
68.10
(1.30) (1.87%)
SEERA
29.30
(0.40) (1.35%)
DAR ALARKAN
15.71
(0.68) (4.15%)
ADVANCED
32.70
(0.50) (1.51%)
ZAIN KSA
10.90
0.16 1.49%
DALLAH HEALTH
141.00
2.40 1.73%
MOUWASAT
71.35
0.35 0.49%
SSP
45.40
(0.90) (1.94%)
CATRION
85.10
(1.75) (2.02%)
EXTRA
91.50
0.00 0.00%
SOLUTIONS
225.00
1.00 0.45%
LUMI
56.40
1.10 1.99%
SGS
40.82
(0.88) (2.11%)
ALHAMMADI
29.92
(0.18) (0.60%)
TADAWUL GROUP
183.00
(2.00) (1.08%)
FAKEEH CARE
38.98
1.38 3.67%
SULAIMAN ALHABIB
249.00
5.50 2.26%
ARABIAN DRILLING
91.00
(1.45) (1.57%)
RIYADH CEMENT
23.19
(0.36) (1.53%)
SAUDI GERMAN HEALTH
42.60
0.18 0.42%
LEEJAM SPORTS
114.00
(1.30) (1.13%)
LUBEREF
86.40
(2.70) (3.03%)
THEEB
60.75
0.50 0.83%
MAHARAH
5.62
0.04 0.72%
SAL
166.50
0.30 0.18%
TAMKEEN
54.75
(0.20) (0.36%)
ADES
16.40
(0.55) (3.24%)
ALMAWARID
141.90
(0.50) (0.35%)
FIRST MILLS
51.30
0.75 1.48%
MODERN MILLS
33.80
0.92 2.80%
SMASCO
5.49
0.09 1.67%


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