17.3% of Aldrees profits from sukuk, deposit returns; station count hits 1,231: CEO

Together, sukuk and deposit returns accounted for approximately SAR 19.7 million (17.29%) of the three-month bottom line, he told Argaam in an interview on the Saudi-listed company’s latest financial results.

The top executive mainly attributed the year-on-year (YoY) hike in Aldrees’ third-quarter net profit to higher sales in the transport and petroleum segments. This is besides the elevated bank deposit and sukuk returns, in addition to other income sources.

He noted that this growth came despite higher selling, general, and administrative expenses, increased financing costs, and a lower share from investment in a joint venture.

However, the annual sales rise during the same quarter was fueled by the expansion of the company’s station network, improved mobility costs, a wider truck fleet, and enhanced operational efficiency, alongside upgrades in warehouse and logistics management.

By the end of Q3 2025, Aldrees operated 1,231 stations. Moreover, the total number of trucks reached 1,834, with 777 dedicated to transporting petroleum products.

The CEO emphasized that the expansion in Aldrees station network boosted the company’s petroleum segment revenues by 33%, which reflected positively on profit margins.

The petroleum segment’s Q3 2025 sales, according to the top executive, soared by about SAR 1.65 billion, with sales of the transport segment also advancing by around SAR 56.4 million during the three-month period.

He indicated that both segments contributed almost equally to the third-quarter profit growth, thanks to station expansion, the growing number of trucks, improved freight rates, and greater operational efficiency.

Looking ahead, the CEO expected the Saudi-listed company to sustain this healthy performance during Q4 2025.

According to data available with Argaam, Aldrees’ net profit reached SAR 313.6 million for the first nine months of 2025, up 28% from SAR 244.5 million a year ago. The Q3 profit increased by 34% to SAR 113.8 million.

It is worth noting that the company operated 1,200 stations by the end of Q2 2025.