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 | 10,453.06 | (44.98) | (0.43 %) |
|
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Quotes
| 41.30 | (0.10) | (0.24%) | |
| 60.65 | (0.15) | (0.25%) | |
| 14.18 | (0.05) | (0.35%) | |
| 93.25 | 0.00 | 0.00% | |
| 25.68 | 0.16 | 0.63% | |
| 11.87 | (0.12) | (1.00%) | |
| 25.98 | 0.00 | 0.00% | |
| 30.58 | 0.00 | 0.00% | |
| 16.37 | (0.09) | (0.55%) | |
| 21.74 | 0.25 | 1.17% | |
| 25.96 | 0.26 | 1.01% | |
| 41.48 | 0.42 | 1.02% | |
| 38.00 | 0.02 | 0.05% | |
| 25.78 | 0.24 | 0.94% | |
| 29.94 | (0.44) | (1.45%) | |
| 16.14 | (0.03) | (0.19%) | |
| 46.04 | (0.92) | (1.96%) | |
| 10.16 | (0.09) | (0.88%) | |
| 59.05 | (0.50) | (0.84%) | |
| 114.00 | 0.50 | 0.44% | |
| 22.99 | (0.16) | (0.69%) | |
| 17.26 | (0.23) | (1.31%) | |
| 32.42 | 0.14 | 0.43% | |
| 51.85 | (0.15) | (0.29%) | |
| 113.40 | (1.80) | (1.56%) | |
| 17.87 | (0.14) | (0.78%) | |
| 4.88 | 0.07 | 1.46% | |
| 24.86 | (0.04) | (0.16%) | |
| 66.50 | (0.35) | (0.52%) | |
| 26.90 | 0.02 | 0.07% | |
| 16.94 | (0.35) | (2.03%) | |
| 32.78 | (0.62) | (1.86%) | |
| 10.22 | (0.06) | (0.58%) | |
| 123.00 | (1.00) | (0.80%) | |
| 71.95 | (0.20) | (0.28%) | |
| 47.48 | (1.10) | (2.27%) | |
| 96.05 | (1.80) | (1.84%) | |
| 86.55 | (0.80) | (0.91%) | |
| 232.40 | (5.10) | (2.15%) | |
| 57.40 | (0.55) | (0.95%) | |
| 42.84 | (1.46) | (3.30%) | |
| 32.12 | (0.22) | (0.68%) | |
| 168.40 | (0.40) | (0.24%) | |
| 38.44 | 0.00 | 0.00% | |
| 232.40 | (5.60) | (2.35%) | |
| 73.40 | (1.25) | (1.68%) | |
| 27.82 | (0.08) | (0.29%) | |
| 53.70 | (2.45) | (4.38%) | |
| 143.20 | (2.70) | (1.84%) | |
| 82.10 | (0.40) | (0.49%) | |
| 59.45 | (0.75) | (1.24%) | |
| 4.56 | (0.06) | (1.29%) | |
| 166.60 | 0.00 | 0.00% | |
| 57.45 | (1.15) | (1.98%) | |
| 14.75 | (0.04) | (0.27%) | |
| 115.20 | (2.20) | (1.88%) | |
| 50.25 | (0.60) | (1.18%) | |
| 30.72 | (0.24) | (0.77%) | |
| 5.60 | (0.05) | (0.88%) | |