East Pipes’ profit rises 35% to SAR 248.8M in H1-ending Sept.; Q2 at SAR 158.6M

27/10/2025 Argaam Exclusive

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East Pipes Integrated Company for Industry posted a 35.2% increase in net profit to SAR 248.8 million for the first half of 2024/25 (ending Sept. 30), compared with SAR 184.1 million in the same period last year.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 904.57 956.07 5.7 %
Gross Income 220.18 278.33 26.4 %
Operating Income 213.89 274.64 28.4 %
Net Income 184.09 248.85 35.2 %
Average Shares 31.50 31.50 -
Earnings Per Share before unusual items (Riyals) 5.84 7.90 35.2 %
EPS (Riyal) 5.84 7.90 35.2 %

The improved profits were fueled by a 5.7% year-on-year (YoY) increase in revenue to SAR 956 million in H1 2024/25, driven by a favorable sales mix, higher sales volumes aligned with scheduled delivery plans, and lower cost per ton.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 540.15 570.87 5.7 %
Gross Income 133.76 173.07 29.4 %
Operating Income 127.10 170.06 33.8 %
Net Income 112.85 158.58 40.5 %
Average Shares 31.50 31.50 -
Earnings Per Share before unusual items (Riyal) 3.58 5.03 40.5 %
EPS (Riyal) 3.58 5.03 40.5 %

In the second quarter, net profit increased 40.5% to SAR 158.6 million, from SAR 112.85 million in Q2 2023/24, supported by revenue growth to SAR 571 million, up from SAR 540 million in the same period last year.

 

Sequentially, the bottom line jumped 75.7% from SAR 90.27 million in Q1 2024/25, with revenue rising from SAR 385 million to SAR 571 million, driven by the sales mix and planned delivery volumes.

 

Shareholders’ equity, no minority interest, rose to SAR 1.30 billion by the end of Sept. 30, 2025, up from SAR 985.08 million a year ago.

 

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Share Price

East Pipes Integrated Company for Industry
138.20
6.20 4.70 %

East Pipes Integrated Company for Industry (EAST PIPES)

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Financial Ratios
Current
Market Cap (M Riyal) 4,353.30
Enterprise Value (EV) (M Riyal) 4,202.39
Shares Outstanding ((M)) 31.50
EPS ( Riyal) (TTM) 14.19
Book Value (BV) ( Riyal) 41.39
Par Value ( Riyal) 10.00
Recurring P/E 9.74
P/E (TTM) 9.74
Price/book 3.34
Return on Average Assets (%) (TTM) 27.1
Return on Average Equity (%) (TTM) 39.0
EV/adj EBITDA -
EV/Revenues 2.23
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