SNB Capital: What to expect in Q2 2025?
06/07/2025 Argaam Special
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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MarketIndices
| TASI | 10,780.69 | 130.30 | 1.22 % |
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Quotes
| 42.42 | 0.34 | 0.81% | |
| 61.25 | (0.40) | (0.65%) | |
| 14.55 | 0.29 | 2.02% | |
| 94.40 | 2.15 | 2.32% | |
| 26.56 | 0.30 | 1.15% | |
| 11.95 | 0.02 | 0.17% | |
| 25.64 | (0.36) | (1.38%) | |
| 30.68 | 0.02 | 0.07% | |
| 16.43 | 0.13 | 0.80% | |
| 21.91 | (0.30) | (1.35%) | |
| 26.34 | 0.06 | 0.23% | |
| 42.64 | 0.02 | 0.05% | |
| 38.56 | 0.40 | 1.05% | |
| 26.82 | 0.20 | 0.75% | |
| 30.12 | 0.46 | 1.53% | |
| 16.43 | 0.19 | 1.17% | |
| 48.20 | 0.70 | 1.47% | |
| 10.94 | 0.27 | 2.52% | |
| 60.55 | 1.20 | 2.02% | |
| 117.30 | 1.50 | 1.29% | |
| 23.42 | 0.40 | 1.74% | |
| 18.04 | 0.17 | 0.96% | |
| 33.72 | 0.76 | 2.31% | |
| 54.15 | 0.20 | 0.37% | |
| 116.60 | 0.40 | 0.35% | |
| 18.40 | 0.31 | 1.73% | |
| 5.26 | 0.20 | 3.98% | |
| 24.93 | (0.19) | (0.76%) | |
| 69.65 | 1.00 | 1.45% | |
| 27.80 | (0.46) | (1.64%) | |
| 16.87 | (0.01) | (0.06%) | |
| 33.06 | 0.16 | 0.49% | |
| 10.54 | 0.10 | 0.95% | |
| 129.50 | 2.60 | 2.04% | |
| 72.60 | 0.30 | 0.41% | |
| 48.78 | 0.56 | 1.16% | |
| 95.25 | (0.60) | (0.62%) | |
| 84.95 | (0.20) | (0.23%) | |
| 258.80 | 13.40 | 5.40% | |
| 60.00 | 0.00 | 0.00% | |
| 44.92 | 0.14 | 0.31% | |
| 32.70 | 0.10 | 0.31% | |
| 174.10 | 5.60 | 3.26% | |
| 40.34 | 0.26 | 0.65% | |
| 250.80 | 6.30 | 2.56% | |
| 76.30 | 1.30 | 1.74% | |
| 28.76 | 0.32 | 1.13% | |
| 54.40 | 0.15 | 0.28% | |
| 142.70 | 4.40 | 3.18% | |
| 85.40 | 0.55 | 0.65% | |
| 63.05 | 0.40 | 0.64% | |
| 4.60 | (0.01) | (0.22%) | |
| 176.30 | 0.10 | 0.06% | |
| 56.45 | 0.05 | 0.09% | |
| 15.93 | 0.49 | 3.21% | |
| 117.50 | (0.40) | (0.34%) | |
| 52.10 | 0.15 | 0.29% | |
| 31.68 | 0.20 | 0.64% | |
| 5.85 | 0.06 | 1.03% | |