Financial Results : SGS H1 2025 profit leaps 32% to SAR 197M; Q2 at SAR 99.4M

SGS H1 2025 profit leaps 32% to SAR 197M; Q2 at SAR 99.4M

06/08/2025 Argaam Exclusive

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Saudi Ground Services Co. (SGS) reported a net profit rise of 32% to SAR 197 million in the first half of 2025, from SAR 149.6 million in the prior year period.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 1,339.71 1,360.44 1.5 %
Gross Income 265.31 301.27 13.6 %
Operating Income 115.74 172.42 49.0 %
Net Income 149.60 197.00 31.7 %
Average Shares 188.00 188.00 -
Earnings Per Share before unusual items (Riyals) 0.80 1.05 31.7 %
EPS (Riyal) 0.80 1.05 31.7 %

The company recorded revenues of SAR 1.36 billion, up 1.6% year-on-year (YoY), mainly due to an increase in domestic and international flight operations.

 

The cost of revenues declined 14% YoY, and impairment losses dropped by SAR 36 million. In addition, actuarial gain reached SAR 14.7 million.

 

In Q2 2025, the company’s net profit jumped 27% to SAR 99.4 million, from SAR 78.4 million in Q2 2024, driven by higher revenues.

 

SGS bottom line advanced 1.8% from SAR 97.63 million in Q1 2025.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 686.51 688.95 0.4 %
Gross Income 143.88 137.99 (4.1 %)
Operating Income 60.66 84.55 39.4 %
Net Income 78.43 99.37 26.7 %
Average Shares 188.00 188.00 -
Earnings Per Share before unusual items (Riyal) 0.42 0.53 26.7 %
EPS (Riyal) 0.42 0.53 26.7 %

Shareholders’ equity, no minority interest, reached SAR 2.53 billion by June 30, 2025, compared to SAR 2.48 billion in the prior-year period.

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