Halwani Bros. Co. reported a net profit of SAR 27 million in the first nine months of 2025, rising 2.7% from SAR 26.3 million in 9M 2024.
| Item | 9m 2024 | 9m 2025 | Change |
|---|---|---|---|
| Revenues | 731.97 | 682.79 | (6.7 %) |
| Gross Income | 219.75 | 193.40 | (12.0 %) |
| Operating Income | 85.24 | 61.08 | (28.3 %) |
| Net Income | 26.25 | 26.96 | 2.7 % |
| Average Shares | 35.36 | 35.36 | - |
| Earnings Per Share before unusual items (Riyals) | 1.48 | 0.76 | (48.5 %) |
| EPS (Riyal) | 0.74 | 0.76 | 2.7 % |
The 9M 2025 earnings were supported by a decrease in general and administrative expenses, realizing other income and the reversal of provisions that were no longer required.
The 9M 2024 results were affected by the depreciation of the exchange rate of the subsidiary’s currency in Egypt, following the Central Bank of Egypt’s decision to liberalize the exchange rate.
| Item | Q3 2024 | Q3 2025 | Change |
|---|---|---|---|
| Revenues | 248.55 | 231.13 | (7.0 %) |
| Gross Income | 72.91 | 65.73 | (9.8 %) |
| Operating Income | 29.16 | 22.65 | (22.3 %) |
| Net Income | 15.48 | 13.01 | (16.0 %) |
| Average Shares | 35.36 | 35.36 | - |
| Earnings Per Share before unusual items (Riyal) | 0.44 | 0.37 | (16.0 %) |
| EPS (Riyal) | 0.44 | 0.37 | (16.0 %) |
| Item | Q2 2025 | Q3 2025 | Change |
|---|---|---|---|
| Revenues | 213.90 | 231.13 | 8.1 % |
| Gross Income | 58.13 | 65.73 | 13.1 % |
| Operating Income | 13.88 | 22.65 | 63.2 % |
| Net Income | 2.44 | 13.01 | 434.1 % |
| Average Shares | 35.36 | 35.36 | - |
| Earnings Per Share before unusual items (Riyal) | 0.07 | 0.37 | 434.1 % |
| EPS (Riyal) | 0.07 | 0.37 | 434.1 % |
In Q3 2025, the company’s net profit fell 16% to SAR 13 million, from SAR 15.5 million in Q3 2024.
The company had registered a net profit of SAR 2.44 million in Q2 2025.
Shareholders’ equity, no minority interest, reached SAR 318.97 million by Sept. 30, 2025, compared to SAR 273.56 million in the prior-year period.
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