Financial Results : Tadweeer Q1 2025 net profit more than doubles to SAR 18.3M

Tadweeer Q1 2025 net profit more than doubles to SAR 18.3M

14/05/2025 Argaam Exclusive

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National Environmental Recycling Co. (Tadweeer) reported a net profit of SAR 18.3 million in Q1 2025, over a two-fold increase compared to SAR 8.1 million in Q1 2024.



Financials (M)

Item 3m 2024 3m 2025 Change‬
Revenues 200.67 267.54 33.3 %
Gross Income 11.74 28.47 142.5 %
Operating Income 9.34 22.39 139.7 %
Net Income 8.08 18.27 126.3 %
Average Shares 116.16 116.16 -
Earnings Per Share before unusual items (Riyals) 0.07 0.16 126.3 %
EPS (Riyal) 0.07 0.16 126.3 %

Tadweeer reported a 33% increase in revenue on higher volumes of products sold, and full operations at new facility during the second half of 2024.

 

The company also reported higher utilization of the production line, operational and administrative cost control across various departments and the replacement of rented equipment with purchased equipment, which led to the decrease of operational costs.

 

Total shareholders’ equity, no minority interest, stood at SAR 256.46 million as of March 31, 2025, compared to SAR 210.04 million a year earlier.

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