Bawan profit jumps 84% to SAR 139.2M in 9M 2025; Q3 at SAR 52.3M

Bawan Co. reported an 84% leap in net profits to SAR 139.2 million in the first nine months of 2025, from SAR 75.7 million a year earlier.

The company cited higher topline, driven by the recognition of revenue from the oil and gas segment, which generated a net profit of SAR 71.6 million attributable to shareholders.

In addition, revenues from the electrical and plastics industries increased, mainly due to higher sales volumes, along with a rise in net profit from the metal and wood industries segment, reflecting an improvement in metal products’ profit margins.

Gross profit margin improved from 10% to 15%.

On the other hand, Bawan reported higher operating expenses due to the consolidation of the oil and gas industries segment results and the growth of the electrical and plastics segments.

It incurred increased finance costs, with higher Zakat expenses and lower other income.

In Q3, Bawan’s net earnings more than doubled to SAR 52.3 million, from SAR 23.4 million in the third quarter of 2024.

Net earnings also grew by 3.9% quarter-on-quarter (QoQ) from SAR 50.3 million, lifted by higher revenues, mainly driven by an increase in revenues from the oil and gas, electrical, and plastics industries segments.

Finance costs also declined, resulting from a decrease in working capital financing requirements within the oil and gas industries segment.

Total shareholders’ equity, after minority interest, reached SAR 961.43 million as of Sept. 30, 2025, up from SAR 897.73 million a year earlier.

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