SENAAT’s Q3 topline decline driven by seasonality in HVAC, construction segments: Official

Logo of Advanced Building Industries Co. (SENAAT)

Hamad Al-Zamil, the financial representative of Advanced Building Industries Co. (SENAAT), stated that the decline in the company’s revenue during Q3 2025 was driven by seasonal factors affecting the HVAC and construction segments.

Speaking to Al Arabiya Business, Al-Zamil said that the company’s revenue for the nine-month period grew by 7% year-on-year, backed by strong performance in the steel segment, which recorded a growth of more than 12%, in addition to the solid results of the insulation segment following the company’s acquisition of the full stake of the foreign partner in Gulf Insulation Group.

Moreover, the 300% surge in quarterly profit was mainly due to improved operational performance and enhanced factory efficiency through the adoption of automation and robotics technologies, along with reduced financing costs and improved contributions from associate companies, he added.

The official also indicated that the company successfully reduced its debt compared to last year and benefited from lower interest rates, which helped cut financial burdens by around SAR 8 million.

According to Al-Zamil, the steel segment now represents about 50% of the group’s revenue, supported by the company’s plants in Saudi Arabia, Vietnam, India, and Egypt, thus strengthening its ability to serve regional and international markets. The HVAC segment follows next in contribution, then the insulation segment.

He also noted that the company’s acquisition of the foreign partner’s stake in AVICO last March required a recalculation of comparative figures since the end of December, which boosted profits by around SAR 2.7 million.

Al-Zamil highlighted that the company’s rebranding from Zamil Industrial Investment to Advanced Building Industries aligns with its strategy to expand across various industrial segments and enhance its presence in global markets, adding that the transformation reflects the company’s ambition to become a leading platform for specialized industrial investment.

According to Argaam’s data, the company’s profits rose to SAR 77.2 million by the end of 9M 2025, compared to SAR 18.6 million in the same period a year earlier. Q3 profit reached SAR 28.2 million.