Financial Results : GAS profit soars 47% to SAR 31.3M in Q1 2025

GAS profit soars 47% to SAR 31.3M in Q1 2025

08/05/2025 Argaam Exclusive

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Gas Arabian Services Co. (GAS) posted a 47% leap in Q1 2025 net profit to SAR 31.3 million from SAR 21.3 million a year earlier.



Financials (M)

Item 3m 2024 3m 2025 Change‬
Revenues 213.13 321.72 51.0 %
Gross Income 35.82 55.39 54.7 %
Operating Income 18.39 32.16 74.9 %
Net Income 21.31 31.31 46.9 %
Average Shares 158.00 158.00 -
Earnings Per Share before unusual items (Riyals) 0.13 0.20 46.9 %
EPS (Riyal) 0.13 0.20 46.9 %

The first-quarter revenue leapt 51% year-on-year (YoY) to SAR 321.7 million, but the cost of revenues declined. In addition, the technical segment sales performed well as compared a year ago.

 

Total shareholders’ equity, no minority interest, reached SAR 399.53 million as of March 31, 2025, compared to SAR 382 million a year earlier.

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