National Environmental Recycling Co. (Tadweeer) reported an 87% jump in net profit to SAR 37.6 million for the first nine months of 2025, from SAR 20.1 million a year earlier, driven by a 26.6% rise in revenues and lower operating costs following the replacement of rented equipment.
| Item | 9m 2024 | 9m 2025 | Change |
|---|---|---|---|
| Revenues | 595.96 | 754.69 | 26.6 % |
| Gross Income | 35.80 | 65.61 | 83.3 % |
| Operating Income | 25.83 | 50.73 | 96.4 % |
| Net Income | 20.13 | 37.64 | 87.0 % |
| Average Shares | 116.16 | 116.16 | - |
| Earnings Per Share before unusual items (Riyals) | 0.17 | 0.32 | 87.0 % |
| EPS (Riyal) | 0.17 | 0.32 | 87.0 % |
The company also attributed the earnings growth to higher sales volumes, particularly in Asia, and greater production capacity after commissioning new production lines.
The third-quarter net profit advanced 55% to SAR 11 million, from SAR 7.1 million in Q3 2024.
Sequentially, the three-month bottom line grew 31.5% from SAR 8.4 million in Q2 2025.
Shareholders’ equity, no minority interest, stood at SAR 275.53 million by the end of Sept. 30, 2025, compared to SAR 222.09 million in the year-earlier period.
Be the first to comment
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments Analysis: