Revenue growth driven by expansion in export, sales channels: Build Station CEO

Musaad AlQfari, CEO of Marketing Home Group for Trading Co. (Build Station), said the company continues to achieve solid revenue growth while improving operational efficiency.

He noted in an interview with Al Ekhbariya TV that the company’s revenue for the first nine months of 2025 rose 5% compared to the same period in 2024.

This growth came due to the expansion of additional sales channels, particularly in export and wholesale segments, the CEO noted, adding that their impact began to appear in the third-quarter results.

Algfari said the company achieved solid revenue growth supported by improved operational efficiency, which helped reduce expenses by 6% and strengthen profit margins. The company’s multiple sales channels, including export, wholesale, and project sales, helped offset a slight decline in retail sales, while continued diversification of revenue sources remains a strategic focus.

Algfari noted that the net profit margin improved from 14% in 2024 to 15.2%, driven by ongoing efficiency efforts and cost management.

The company maintained focus on retail sales, and worked to develop additional sales channels over the past three years that have contributed to supporting revenues, the CEO said.

Branch sales constitute a significant portion of revenues and generate high profits for the company, he added.

The company funds its expansions internally without relying on external financing, with Dubai and Qatar export projects providing key revenue streams, in addition to the wholesale activity that provides products at competitive prices targeting projects and stores within the Kingdom.

At the time of its IPO, the company held retained earnings of SAR 182 million to finance expansion.

Construction Station distributed SAR 3 per share for 2024 and SAR 1.5 per share for H1 2025, allocating approximately SAR 72 million riyals from cash flows, while maintaining strong liquidity.

The company has followed a SAR 3 annual dividend policy over the past four years, which the board intends to continue as long as performance remains stable, expenses are under control, and margins improve.

Algfari also highlighted the company’s entry into the construction materials sector with specialized engineering teams, developing products for both premium and value-conscious customers. He added that stock market movements do not necessarily reflect operational performance, with management focused on achieving sustainable results and optimal returns.