Budget Saudi CEO: AutoWorld contributes 15% of profits, pricing remains balanced

United International Transportation Co.’s (Budget Saudi) CEO Fawaz Danish said the consolidation of AutoWorld's results had a clear positive impact on the group’s performance, noting that it contributed around 22% of group revenues and 15% of profits during Q3 2025.

 

In an interview with Argaam on the company’s financial results, Danish said the merger with AutoWorld is expected to generate cost synergies exceeding SAR 20 million by the end of 2025, through savings across various operational areas. He added that the company aims to expand its fleet to 60,000 vehicles and trucks by year-end, supported by the inclusion of AutoWorld in its subsidiaries.

 

Budget Saudi has delivered strong Q3 performance, with revenues rising 24.5%, driven by an expansion of long-term leasing contracts and higher net profit compared with the same period last year.

 

Despite higher maintenance costs and an uptick in accidents and damages due to intensified operations, Danish noted that the company’s specialized maintenance center allows it to control expenses and improve operational efficiency. He emphasized that Budget Saudi continues to execute its strategy with flexibility and confidence, focusing on cost control, return on assets, and sustainable profitability.

 

Vehicle sales revenues also rose in Q3 compared with the same period last year, supported by a higher number and wider variety of units sold as part of the company’s asset management plan, which aims to renew the fleet and enhance operational efficiency, Danish said.

 

He highlighted that the company maintains a balanced pricing policy that reflects market conditions and the nature of vehicles in its portfolio.

 

Danish added that Saudi Arabia’s strong economic growth contributed to improved performance, with Budget Saudi gaining market share in long-term leasing, achieving operational growth, and meeting rising demand for logistics and delivery vehicles. The company expects further revenue growth and improved cost efficiency in Q4 2025.

 

According to data available with Argaam, Budget Saudi reported a 12% increase in Q3 2025 net profit to SAR 80.3 million, compared to SAR 71.7 million in Q3 2024. Net profit for the first nine months of 2025 rose to SAR 248.7 million, up from SAR 212.6 million a year earlier.