Financial Results : NGDC profit surges 51% to SAR 2.2M in H1 2025

NGDC profit surges 51% to SAR 2.2M in H1 2025

26/08/2025 Argaam Exclusive

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Natural Gas Distribution Co. (NGDC) reported a 51% rise in its H1 2025 net earnings to SAR 2.2 million compared with SAR 1.5 million a year earlier.



Current Half Annual Comparison (M)

Compared With The
Item H1 2024 H1 2025 Change‬
Revenues 54.32 75.31 38.6 %
Gross Income 4.04 5.52 36.4 %
Operating Income 1.16 2.09 81.2 %
Net Income 1.49 2.25 50.6 %
Average Shares 5.00 5.00 -
Earnings Per Share before unusual items (Riyal) 0.30 0.45 50.6 %
EPS (Riyal) 0.30 0.45 50.6 %

The profit growth was primarily driven by higher natural gas revenues, supported by a 23% increase in the price of gas supplied by Saudi Aramco and a 17% rise in customer consumption, compared to the year-ago period.

 

Sequentially, however, the six-month profit declined 60.9% compared to SAR 5.75 million in H2 2024.

 

Total shareholders’ equity, no minority interest, increased to SAR 59.01 million by the end of H1 2025, from SAR 57.08 million a year earlier.

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