Al Rajhi Capital issues earnings estimates for Q2 2025
Al Rajhi Capital released its Q2 2025 estimates for several Saudi companies under its coverage.
The brokerage expects Saudi Basic Industries Corp. (SABIC) to log a loss of SAR 480 million in Q2 2025, while stc’s earnings are expected to decline by 4% year-on-year.
|
Al Rajhi Capital’s Q2 2025 Forecasts (SAR mln) |
||
|
Company |
Q2 2025 (Projected) |
YoY Change |
|
Petrochemicals |
||
|
SABIC |
(480) |
-- |
|
Sipchem |
89 |
(27%) |
|
SABIC AN |
1021 |
+45% |
|
Yansab |
64 |
(72%) |
|
Advanced |
105 |
+152% |
|
Cement |
||
|
Arabian Cement |
24 |
(17%) |
|
Yamama Cement |
142 |
+73% |
|
Saudi Cement |
104 |
+19% |
|
Qassim Cement |
79 |
+8% |
|
Yanbu Cement |
32 |
(20%) |
|
Southern Cement |
25 |
(17%) |
|
Najran Cement |
12 |
+60% |
|
Riyadh Cement |
63 |
(2%) |
|
Food |
||
|
Almarai |
647 |
+4% |
|
SADAFCO |
130 |
+2% |
|
Savola |
102 |
(25%) |
|
NADEC |
114 |
+2% |
|
Tanmiah |
11 |
(54%) |
|
Entaj |
1 |
(86%) |
|
Almunajem |
37 |
(42%) |
|
First Mills |
56 |
+23% |
|
Modern Mills |
49 |
+10% |
|
Retail |
||
|
Jarir |
174 |
+2% |
|
Cenomi Retail |
33 |
(59%) |
|
Al Othaim |
35 |
(19%) |
|
eXtra |
100 |
(6%) |
|
BinDawood Holding |
48 |
(34%) |
|
Telecoms |
||
|
stc |
3432 |
(4%) |
|
Mobily |
782 |
(18%) |
|
Zain KSA |
109 |
(4%) |
|
Healthcare |
||
|
Dallah |
85 |
(24%) |
|
Mouwasat |
170 |
+11% |
|
Care |
79 |
+14% |
|
Al Hammadi |
68 |
(42%) |
|
Fakeeh |
66 |
+39% |
|
Sulaiman Al Habib |
605 |
+9% |
|
Saudi German Health |
60 |
(2%) |
|
Pharmaceuticals |
||
|
SPIMACO |
22 |
(34%) |
|
Jamjoom Pharma |
118 |
+10% |
|
Astra |
172 |
+2% |
|
Avalon Pharma |
23 |
+6% |
|
Services |
||
|
Equipment House |
9 |
+17% |
|
Maharah |
18 |
(65%) |
|
Al Mawarid |
27 |
+16% |
|
Tamkeen |
22 |
+6% |
|
SMASCO |
34 |
(5%) |
|
Insurance |
||
|
Bupa Arabia |
423 |
+5% |
|
Tawuniya |
473 |
+3% |
|
GIG |
49 |
(7%) |
|
Malath |
11 |
-- |
|
Walaa Insurance |
(24) |
-- |
|
Saudi Re |
53 |
+22% |
|
Transport & Logistics |
||
|
Lumi Rental |
48 |
+4% |
|
Theeb |
49 |
+10% |
|
Budget Saudi |
82 |
+16% |
|
SISCO* |
20 |
+90% |
|
SAL |
149 |
(4%) |
|
Jahez |
40 |
+32% |
|
CATRION |
76 |
+4% |
|
SGS |
106 |
+35% |
|
Software & IT Services |
||
|
solutions |
343 |
(24%) |
|
MIS |
49 |
+55% |
|
2P |
45 |
(23%) |
|
Elm |
535 |
+10% |
|
Rasan |
32 |
+264% |
|
Real estate |
||
|
Al Akaria |
24 |
-- |
|
Cenomi Centers |
156 |
(56%) |
|
Retal |
68 |
(6%) |
|
Riyadh Development |
47 |
(49%) |
|
Other Sectors |
||
|
Bawan |
33 |
+43% |
|
Saudi Ceramics |
123 |
-- |
|
Aldrees |
110 |
+33% |
|
Arabian Drilling |
24 |
+19% |
|
ADES Holding |
194 |
(2%) |
|
Luberef |
300 |
-- |
|
Alkhorayef Water |
62 |
(19%) |
|
Miahona |
7 |
(11%) |
|
ACWA Power |
319 |
(49%) |
|
AMAK |
73 |
+18% |
|
Seera |
59 |
+8% |
|
Tadawul Group |
111 |
(32%) |
|
Leejam |
64 |
(13%) |
|
Riyadh Cables |
298 |
+87% |
|
Tasheel |
49 |
+5% |
|
Al Arabia |
50 |
+6% |
The table below shows Al Rajhi Capital's forecast for companies listed on the Nomu-Parallel Market:
|
Al Rajhi Capital’s H1 2025 Forecasts for Nomu-Listed Companies (SAR mln) |
||
|
Company |
H1 2025 (Projected) |
YoY Change |
|
Marble Design |
7 |
(22%) |
|
TAM |
10 |
(9%) |
|
Academy of Learning |
21 |
+171% |