Alkhorayef Water and Power Technologies Co. (AWPT) posted a net profit of SAR 58.2 million for the first quarter of 2025, a 35% uptick from SAR 43.1 million in the year-ago period.
Item | Q1 2024 | Q1 2025 | Change |
---|---|---|---|
Revenues | 458.16 | 636.35 | 38.9 % |
Gross Income | 78.83 | 101.16 | 28.3 % |
Operating Income | 59.07 | 72.31 | 22.4 % |
Net Income | 43.06 | 58.15 | 35.0 % |
Average Shares | 35.00 | 35.00 | - |
Earnings Per Share before unusual items (Riyal) | 1.23 | 1.66 | 35.0 % |
EPS (Riyal) | 1.23 | 1.66 | 35.0 % |
Item | Q4 2024 | Q1 2025 | Change |
---|---|---|---|
Revenues | 609.68 | 636.35 | 4.4 % |
Gross Income | 102.45 | 101.16 | (1.3 %) |
Operating Income | 73.62 | 72.31 | (1.8 %) |
Net Income | 69.87 | 58.15 | (16.8 %) |
Average Shares | 35.00 | 35.00 | - |
Earnings Per Share before unusual items (Riyal) | 2.19 | 1.66 | (24.0 %) |
EPS (Riyal) | 2.00 | 1.66 | (16.8 %) |
The year-on-year (YoY) increase was spurred by a 38.9% leap in revenue, supported by a 282% surge in the wastewater segment and a 14.7% rise in integrated water solutions revenue, boosted by new project awards.
When compared to the previous quarter, net profit dropped 16.8% from SAR 69.87 million.
Total shareholders’ equity, no minority interest, soared to SAR 814.28 million as of March 31, 2025, compared to SAR 580.65 million a year earlier.
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