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.
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 % |
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 % |
Item | Q1 2025 | Q2 2025 | Change |
---|---|---|---|
Revenues | 321.72 | 319.79 | (0.6 %) |
Gross Income | 55.39 | 62.29 | 12.5 % |
Operating Income | 32.16 | 27.10 | (15.8 %) |
Net Income | 31.31 | 38.82 | 24.0 % |
Average Shares | 158.00 | 158.00 | - |
Earnings Per Share before unusual items (Riyal) | 0.20 | 0.25 | 24.0 % |
EPS (Riyal) | 0.20 | 0.25 | 24.0 % |
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.
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