Group Five Pipe Saudi Co.’s net profit skyrocketed 276% to SAR 144.8 million in 2025 from SAR 38.5 million a year earlier.
| Item | 2024 | 2025 | Change |
|---|---|---|---|
| Revenues | 976.56 | 2,029.28 | 107.8 % |
| Gross Income | 107.20 | 381.93 | 256.3 % |
| Operating Income | 88.18 | 340.06 | 285.6 % |
| Net Income | 38.52 | 144.84 | 276.0 % |
| Average Shares | 28.00 | 28.00 | - |
| Earnings Per Share before unusual items (Riyals) | 1.38 | 9.71 | 605.7 % |
| EPS (Riyal) | 1.38 | 5.17 | 276.0 % |
The profit increase was driven by a 108% increase in revenue on higher average selling prices and lower production costs.
| Item | H2 2024 | H2 2025 | Change |
|---|---|---|---|
| Revenues | 600.64 | 1,106.98 | 84.3 % |
| Gross Income | 67.31 | 219.41 | 226.0 % |
| Operating Income | 59.59 | 187.46 | 214.6 % |
| Net Income | 29.31 | 19.66 | (32.9 %) |
| Average Shares | 28.00 | 28.00 | - |
| Earnings Per Share before unusual items (Riyal) | 1.05 | 5.24 | 400.3 % |
| EPS (Riyal) | 1.05 | 0.70 | (32.9 %) |
| Item | H1 2025 | H2 2025 | Change |
|---|---|---|---|
| Revenues | 922.30 | 1,106.98 | 20.0 % |
| Gross Income | 162.53 | 219.41 | 35.0 % |
| Operating Income | 152.59 | 187.46 | 22.9 % |
| Net Income | 125.18 | 19.66 | (84.3 %) |
| Average Shares | 28.00 | 28.00 | - |
| Earnings Per Share before unusual items (Riyal) | 4.47 | 5.24 | 17.2 % |
| EPS (Riyal) | 4.47 | 0.70 | (84.3 %) |
In H2 2025, the company’s profit fell 33% to SAR 19.7 million from SAR 29.3 million a year earlier.
Sequentially, H2 2025 profit plummeted 84.3% from SAR 125.18 million in H1 2025.
Total shareholders’ equity, no minority interest, stood at SAR 489.76 million as of Dec. 31, 2025, up from SAR 361.66 million in the prior-year period.
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