Financial Results : Electrical Industries profit surges 64% to SAR 123.4M in Q1 2025

Electrical Industries profit surges 64% to SAR 123.4M in Q1 2025

01/05/2025 Argaam Exclusive

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Electrical Industries Co. (EIC) posted a 64% increase in net profit to SAR 123.4 million for the first quarter of 2025, compared to SAR 75.2 million in the year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 542.09 506.69 (6.5 %)
Gross Income 150.37 185.59 23.4 %
Operating Income 99.99 137.75 37.8 %
Net Income 75.23 123.43 64.1 %
Average Shares 1,125.00 1,125.00 -
Earnings Per Share before unusual items (Halala) 6.99 10.97 57.1 %
EPS (Halala) 6.69 10.97 64.1 %

The profit rise was spurred by the diversification of the sold products that include higher-profitability products, along with improved margins of some products.

 

On the other hand, revenue declined by 6.5% year-on-year (YoY) in the three-month period, and general and administrative expenses increased.

 

Compared to Q4 2024, net earnings jumped 18.1% from SAR 104.5 million.

 

Total shareholders’ equity, no minority interest, reached SAR 930.82 million as of March 31, 2025, up from SAR 734.73 million a year earlier.

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