Obeikan Glass Co. (OGC) reported a net profit of SAR 63.2 million for 2025, up sharply from SAR 1.32 million a year earlier, supported by a rise in revenues on higher average selling prices, as well as the reversal of SAR 29.5 million in provisions following the acquisition of Obeikan AGC LLC.
| Item | 2024 | 2025 | Change |
|---|---|---|---|
| Revenues | 327.12 | 354.67 | 8.4 % |
| Gross Income | 105.06 | 120.03 | 14.3 % |
| Operating Income | 5.43 | 36.75 | 576.8 % |
| Net Income | 1.32 | 63.16 | 4692.1 % |
| Average Shares | 32.00 | 32.00 | - |
| Earnings Per Share before unusual items (Riyals) | 0.31 | 1.05 | 239.4 % |
| EPS (Riyal) | 0.04 | 1.97 | 4692.1 % |
In Q4 2025, the company posted a net profit of SAR 34.1 million, compared with a net loss of SAR 31.9 million in Q4 2024.
On a quarterly basis, net profit more than tripled from SAR 10.25 million in Q3 2025.
| Item | Q4 2024 | Q4 2025 | Change |
|---|---|---|---|
| Revenues | 72.18 | 87.84 | 21.7 % |
| Gross Income | 14.34 | 30.05 | 109.5 % |
| Operating Income | (32.29) | 5.53 | 117.1 % |
| Net Income | (31.89) | 34.06 | 206.8 % |
| Average Shares | 32.00 | 32.00 | - |
| Earnings Per Share before unusual items (Riyal) | (1.00) | 0.14 | 114.3 % |
| EPS (Riyal) | (1.00) | 1.06 | 206.8 % |
| Item | Q3 2025 | Q4 2025 | Change |
|---|---|---|---|
| Revenues | 92.66 | 87.84 | (5.2 %) |
| Gross Income | 32.38 | 30.05 | (7.2 %) |
| Operating Income | 10.99 | 5.53 | (49.7 %) |
| Net Income | 10.25 | 34.06 | 232.2 % |
| Average Shares | 32.00 | 32.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.32 | 0.14 | (55.5 %) |
| EPS (Riyal) | 0.32 | 1.06 | 232.2 % |
Total shareholders’ equity, after minority interest, stood at SAR 569.79 million as of Dec. 31, 2025, up from SAR 536.54 million a year earlier.
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