Profits of Naas Petrol Factory Co. fell to SAR 2.9 million in H1 2025, compared to SAR 5.1 million during the same period in 2024.
Item | H1 2024 | H1 2025 | Change |
---|---|---|---|
Revenues | 40.44 | 38.83 | (4.0 %) |
Gross Income | 10.20 | 7.44 | (27.1 %) |
Operating Income | 5.44 | 3.21 | (40.9 %) |
Net Income | 5.07 | 2.90 | (42.9 %) |
Average Shares | 3.00 | 3.00 | - |
Earnings Per Share before unusual items (Riyal) | 1.69 | 0.97 | (42.9 %) |
EPS (Riyal) | 1.69 | 0.97 | (42.9 %) |
Item | H2 2024 | H1 2025 | Change |
---|---|---|---|
Revenues | 36.50 | 38.83 | 6.4 % |
Gross Income | 7.74 | 7.44 | (3.9 %) |
Operating Income | 2.44 | 3.21 | 31.7 % |
Net Income | 1.83 | 2.90 | 58.6 % |
Average Shares | 3.00 | 3.00 | - |
Earnings Per Share before unusual items (Riyal) | 0.61 | 0.97 | 58.6 % |
EPS (Riyal) | 0.61 | 0.97 | 58.6 % |
The profit decline was attributed to a 4% year-on-year (YoY) drop in revenues, amounting to SAR 1.6 million in H1 2025, primarily driven by lower selling prices. Moreover, higher cost of sales led to both lower gross and net profit.
Shareholders’ equity (with no minority interest) amounted to SAR 60.924 million as of June 30, 2025, compared to SAR 56.119 million at the end of the same period last year.
The company also stated that EBITDA reached SAR 6.7 million in H1 2025.
The six-month net earnings leapt 58.6% compared with SAR 1.83 million in H2 2024.
Be the first to comment
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments Analysis: