Financial Results : Obeikan Glass earns SAR 18.9M in H1 2025; Q2 at SAR 12.7M

Obeikan Glass earns SAR 18.9M in H1 2025; Q2 at SAR 12.7M

07/08/2025 Argaam Exclusive

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Obeikan Glass Co. posted a net profit of SAR 18.9 million in H1 2025, compared with SAR 23.1 million in the prior-year period.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 167.13 174.16 4.2 %
Gross Income 59.87 57.60 (3.8 %)
Operating Income 26.91 18.53 (31.1 %)
Net Income 23.07 18.85 (18.3 %)
Average Shares 32.00 32.00 -
Earnings Per Share before unusual items (Riyals) 0.89 0.59 (33.6 %)
EPS (Riyal) 0.72 0.59 (18.3 %)

The company attributed the lower profit to an increase in raw material prices, as well as general and administrative expenses.

 

This was offset by higher revenues during the six-month period, thanks to a rise in average product selling prices.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 82.87 89.14 7.6 %
Gross Income 32.39 31.03 (4.2 %)
Operating Income 16.37 12.41 (24.2 %)
Net Income 12.48 12.71 1.9 %
Average Shares 32.00 32.00 -
Earnings Per Share before unusual items (Riyal) 0.56 0.40 (28.5 %)
EPS (Riyal) 0.39 0.40 1.9 %

In Q2 2025, net earnings grew by 1.9% to SAR 12.7 million, from SAR 12.4 million in the year-earlier period on higher revenues.

 

On a quarterly basis, the glass manufacturer’s net earnings more than doubled from SAR 6.1 million.

 

Total shareholders’ equity, after minority interest, came in at SAR 555.18 million as of June 30, 2025, down from SAR 564.68 million a year earlier.

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