Financial Results : Watani Steel H1 2025 net profit tumbles 67% to SAR 1.1M

Watani Steel H1 2025 net profit tumbles 67% to SAR 1.1M

10/08/2025 Argaam Exclusive

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Watani Iron Steel Co. reported a net profit of SAR 1.1 million, a slump of 67% from SAR 3.4 million in the year-earlier period.



Current Half Annual Comparison (M)

Compared With The
Item H1 2024 H1 2025 Change‬
Revenues 274.00 216.99 (20.8 %)
Gross Income 14.96 11.28 (24.6 %)
Operating Income 6.25 3.01 (51.8 %)
Net Income 3.41 1.12 (67.3 %)
Average Shares 181.65 181.65 -
Earnings Per Share before unusual items (Riyal) 0.02 0.01 (67.3 %)
EPS (Riyal) 0.02 0.01 (67.3 %)

The steel producer reported a decline in revenues due to a 22% year-on-year (YoY) drop in sales volumes amid weak demand.
Compared to H2 2024, net earnings dived 82.7% from SAR 6.4 million.
Total shareholders’ equity, no minority interest, rose to SAR 252.47 million as of June 30, 2025, from SAR 245.84 million a year earlier.

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