Bena Steel Industries Co. reported a net profit of SAR 981,000 in H1 2025, down from SAR 5 million in the year-earlier period.
| Item | H1 2024 | H1 2025 | Change |
|---|---|---|---|
| Revenues | 191.38 | 179.98 | (6.0 %) |
| Gross Income | 19.71 | 16.37 | (17.0 %) |
| Operating Income | 10.65 | 7.13 | (33.1 %) |
| Net Income | 5.02 | 0.98 | (80.5 %) |
| Average Shares | 6.00 | 6.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.84 | 0.16 | (80.5 %) |
| EPS (Riyal) | 0.84 | 0.16 | (80.5 %) |
| Item | H2 2024 | H1 2025 | Change |
|---|---|---|---|
| Revenues | 239.39 | 179.98 | (24.8 %) |
| Gross Income | 20.03 | 16.37 | (18.3 %) |
| Operating Income | 12.44 | 7.13 | (42.7 %) |
| Net Income | 5.66 | 0.98 | (82.7 %) |
| Average Shares | 6.00 | 6.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.94 | 0.16 | (82.7 %) |
| EPS (Riyal) | 0.94 | 0.16 | (82.7 %) |
Profit decline was driven by a 6% drop in revenue, reflecting weaker structural steel manufacturing revenue, followed by lower revenue from the steel coil segment and volatility in steel selling prices, which compressed margins on the final product.
Compared to H2 2024, Bena’s profit dropped by 82.7% from SAR 5.66 million.
Total shareholders’ equity, with no minority equity, reached SAR 89.09 million by June 30, 2025, compared to SAR 85.88 million in the corresponding period of the year before.
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