Electrical Industries sees strong profitability until year-end: CEO

The CEO, in an exclusive statement to Argaam, stated that the company’s positive performance is likely to continue during the fourth quarter of 2025, with demand remaining high in high-voltage, oil and gas, and infrastructure projects, in addition to continued growth in exports to European markets.

According to the CEO, exports accounted for about 12% of the company’s total sales in Q3, which were mainly directed to regional and European markets, particularly Belgium, Iraq, and the UAE. The framework agreement with utility companies in Belgium has strengthened the company’s position in the European market.

The top executive ascribed the rise in Q3 2025 revenues to continued demand growth within the Kingdom across various sectors, especially in high-voltage, infrastructure, and oil and gas projects.

“The company began the fourth quarter by delivering larger quantities of its products to major Aramco projects compared to the previous quarter. Those projects reached execution phases requiring the delivery of the necessary products, positively reflecting on sales and revenues. Sales growth also continued in regional and European markets, particularly under existing framework agreements,” he added.

The CEO further stated that the most profitable segments were the transformers, driven by continued high demand, particularly in high-voltage projects; the medium- and low-voltage segments, due to the increasing reliance on the company’s products in oil and gas and infrastructure projects; and the site services and automation segment.

The oil and gas projects contributed significantly to Q3 2025 results through the supply of high-voltage transformers, medium-voltage panels, and various other products to major projects such as Jafurah Phase Two and Riyadh, in addition to several other Aramco projects, he added.

Al-Tahini also confirmed that the oil and gas sector is a strategic growth path for the company, as it reflects its capability to meet the requirements of major projects in this vital sector and to support the Kingdom’s industrial expansion plans.

According to Argaam’s data, Electrical Industries profit rose to SAR 421.2 million as of 9M 2025, compared to SAR 297.2 million during the same period in 2024. Q3 profit reached SAR 161.1 million, up 33% year-on-year (YoY).