Financial Results : Alwasail posts SAR 16.8M profit in H1 2025

Alwasail posts SAR 16.8M profit in H1 2025

07/08/2025 Argaam Exclusive

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Alwasail Industrial Co. reported a net profit of SAR 16.8 million for H1 2025, down from SAR 24.3 million a year earlier.



Current Half Annual Comparison (M)

Compared With The
Item H1 2024 H1 2025 Change‬
Revenues 220.07 223.31 1.5 %
Gross Income 59.20 55.44 (6.4 %)
Operating Income 18.40 19.42 5.5 %
Net Income 24.34 16.84 (30.8 %)
Average Shares 250.00 250.00 -
Earnings Per Share before unusual items (Riyal) 0.06 0.07 14.6 %
EPS (Riyal) 0.10 0.07 (30.8 %)

The profit decline was due to one-off gains from subsidiary sales in the previous year.

 

This was partially offset by a 1% year-on-year (YoY) increase in revenue, driven by a 7% YoY rise in pipe sales and a 72% YoY surge in sales of other materials.

 

On a sequential basis, net profit rose 13.8% from SAR 14.79 million in H2 2024.

 

Total shareholders’ equity, no minority interest, stood at SAR 365.53 million by the end of H1 2025, compared to SAR 359.37 million a year earlier.

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