Financial Results : Alkhorayef Water posts SAR 119.8M profit in H1 2025; Q2 at SAR 61.7M

Alkhorayef Water posts SAR 119.8M profit in H1 2025; Q2 at SAR 61.7M

10/08/2025 Argaam Exclusive

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Alkhorayef Water and Power Technologies Co. reported a slight decline in net profit to SAR 119.8 million for H1 2025, compared to SAR 119.9 million a year earlier.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 891.69 1,282.33 43.8 %
Gross Income 198.42 219.61 10.7 %
Operating Income 154.39 139.39 (9.7 %)
Net Income 119.95 119.81 (0.1 %)
Average Shares 35.00 35.00 -
Earnings Per Share before unusual items (Riyals) 3.43 3.42 (0.1 %)
EPS (Riyal) 3.43 3.42 (0.1 %)

The company attributed the profit decline to the recognition of a one-off success fee in the comparable period from completing the initial phase of projects under execution.

 

In contrast, revenue rose 43.81% year-on-year (YoY) to SAR 1.28 billion in H1 2025, driven mainly by a 238.9% increase in wastewater revenue, an 8.78% rise in integrated water solutions, and a 6.72% increase in water segment revenue, supported by new projects.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 433.53 645.98 49.0 %
Gross Income 119.59 118.45 (1.0 %)
Operating Income 95.33 67.09 (29.6 %)
Net Income 76.89 61.66 (19.8 %)
Average Shares 35.00 35.00 -
Earnings Per Share before unusual items (Riyal) 2.20 1.76 (19.8 %)
EPS (Riyal) 2.20 1.76 (19.8 %)

The company’s second-quarter net profit declined 19.8% to SAR 61.66 million, from SAR 76.89 million in the year-ago period.

 

On a sequential basis, the three-month bottom line rose 6% from SAR 58.15 million in Q1 2025.

 

Total shareholders’ equity, with no minority interest, rose to SAR 824.68 million by the end of the current period, compared to SAR 657.53 million a year earlier.

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