Financial Results : Riyadh Steel’s profit slips 3% to SAR 2.5M in H1 2025

Riyadh Steel’s profit slips 3% to SAR 2.5M in H1 2025

24/08/2025 Argaam Exclusive

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Riyadh Steel Co.’s net profit declined to SAR 2.45 million by the end of the first half of 2025, down 3% from SAR 2.53 million recorded during the same period of 2024.



Current Half Annual Comparison (M)

Compared With The
Item H1 2024 H1 2025 Change‬
Revenues 70.65 82.42 16.7 %
Gross Income 9.57 7.67 (19.9 %)
Operating Income 3.40 3.04 (10.7 %)
Net Income 2.53 2.45 (3.2 %)
Average Shares 70.00 70.00 -
Earnings Per Share before unusual items (Riyal) 0.04 0.04 (3.2 %)
EPS (Riyal) 0.04 0.04 (3.2 %)

The profit decline was mainly attributed to a slight decrease in the gross profit margin (GPM) despite higher sales.

 

Shareholders’ equity, no minority interest, rose to SAR 80.31 million at the end of June 30, 2025, compared to SAR 77.47 million a year ago.

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