GAS sees Q4 growth, mulls new investments: CEO

Gas Arabian Services Co.'s (GAS) CEO Faisal Al-Dabal expects the company to continue its growth in the fourth quarter of this year, driven by a strong backlog of supply orders and ongoing projects exceeding SAR 2 billion.
 

In an interview with Argaam regarding the financial results, Al-Dabal noted that the total value of accumulated contracts at the end of Q3 2025 reached approximately SAR 2.02 billion, compared to SAR 1.77 billion in the same period of 2024, marking an increase of SAR 251 million, or growth of over 14%.
 

He attributed the rise in Q3 2025 profits primarily to growth in the technical services sector, with sales in this segment increasing by 84% to SAR 611 million, compared to SAR 331 million during the same period last year, reflecting strong demand for the specialized services the company provides in this critical sector.
 

Al-Dabal also highlighted that revenues from affiliated companies and joint projects contributed to the financial performance, rising 46% to SAR 25 million, up from SAR 17 million in Q3 2024.
 

Regarding the decline in profit margins, the CEO explained that the overall margin fell by 2.47%, from 12.28% to 9.81%, due to differences in execution phases within the technical services and manufacturing sectors, which vary in profitability, as well as higher operating expenses resulting from the expansion of targeted investments.
 

On the company’s plans following its move to the main market, Al-Dabal stated that GAS is actively evaluating several investment opportunities that complement its existing services and intends to announce them soon after completing the necessary approvals from the board of directors.
 

According to Argaam data, GAS — recently transferred from the parallel market to the main market — reported profits of SAR 108.3 million for the first nine months of 2025, up 34% from SAR 81 million a year ago, while Q3 profits increased by approximately 8%.