Financial Results : GAS profit up 54% to SAR 70.1M in H1 2025

GAS profit up 54% to SAR 70.1M in H1 2025

04/08/2025 Argaam Exclusive

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GAS Arabian Services Co. (GAS) reported a 54% rise in H1 2025 net profit to SAR 70.1 million from SAR 45.7 million in the first half of 2024.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 481.54 641.51 33.2 %
Gross Income 75.95 117.68 55.0 %
Operating Income 36.85 59.26 60.8 %
Net Income 45.66 70.13 53.6 %
Average Shares 158.00 158.00 -
Earnings Per Share before unusual items (Riyals) 0.29 0.44 53.6 %
EPS (Riyal) 0.29 0.44 53.6 %


Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 268.41 319.79 19.1 %
Gross Income 40.13 62.29 55.2 %
Operating Income 18.46 27.10 46.8 %
Net Income 24.36 38.82 59.4 %
Average Shares 158.00 158.00 -
Earnings Per Share before unusual items (Riyal) 0.15 0.25 59.4 %
EPS (Riyal) 0.15 0.25 59.4 %

The first-half profit was spurred by a rise of 33.2% year-on-year (YoY) in revenue to SAR 641.5 million, reflecting the company’s solid performance across all its business segments amid better demand for supply and new orders.

 

The company also reported a decline in operating expenses.

 

Sequentially, net profit grew 2.7% in H1 2025 from SAR 68.29 million in H2 2024.

 

Total shareholders’ equity, no minority interest, stood at SAR 438.35 million as of June 30, 2025, compared to SAR 359.02 million a year earlier.

 

Attached Documents

 

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