Financial Results : Miahona H1 2025 profit surges 149% to SAR 68.8M; Q2 down to SAR 7.4M

Miahona H1 2025 profit surges 149% to SAR 68.8M; Q2 down to SAR 7.4M

03/08/2025 Argaam Exclusive

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Miahona Co. reported a net profit of SAR 68.8 million (after minority interest) in the first half of 2025, a surge of 149% compared to SAR 27.6 million in the year-earlier period.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 151.84 361.73 138.2 %
Gross Income 36.12 82.46 128.3 %
Operating Income 22.79 63.14 177.0 %
Net Income 27.60 68.78 149.2 %
Average Shares 160.93 160.93 -
Earnings Per Share before unusual items (Riyals) 0.17 0.43 149.2 %
EPS (Riyal) 0.17 0.43 149.2 %

Before minority interest, H1 2025 net earnings reached SAR 70.2 million, up from SAR 28.1 million a year earlier.

 

The six-month profit increase was supported by a rise in the consolidated topline due to higher revenues from the construction, the water and wastewater, as well as the project development and advisory services segments.

 

This is in addition to the increased gross profit for H1 2025 on a rise in revenues and other income for the same period.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 70.24 186.56 165.6 %
Gross Income 15.33 20.66 34.8 %
Operating Income 7.52 9.94 32.2 %
Net Income 7.93 7.35 (7.2 %)
Average Shares 160.93 160.93 -
Earnings Per Share before unusual items (Riyal) 0.05 0.05 (7.2 %)
EPS (Riyal) 0.05 0.05 (7.2 %)

In Q2 2025, the company’s net profit dropped by 7% to SAR 7.4 million, from SAR 7.93 million in Q2 2024.

 

On a sequential basis, the three-month bottom line fell 88% from SAR 61.43 million in Q1 2025.

 

Shareholders’ equity, excluding minority interest, rose to SAR 470.1 million by the end of H1 2025, from SAR 422.8 million in the year-ago period.

 

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