Financial Results : Electrical Industries reports SAR 260.1M profit in H1 2025; Q2 at SAR 136.7M

Electrical Industries reports SAR 260.1M profit in H1 2025; Q2 at SAR 136.7M

24/07/2025 Argaam Exclusive

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Electrical Industries Co.’s (EIC) net profit surged to SAR 260.1 million for the first half of 2025, compared to SAR 175.8 million in the year-earlier period.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 1,036.98 1,038.04 0.1 %
Gross Income 317.95 376.84 18.5 %
Operating Income 211.17 287.96 36.4 %
Net Income 175.84 260.15 47.9 %
Average Shares 1,125.00 1,125.00 -
Earnings Per Share before unusual items (Halala) 17.95 23.12 28.8 %
EPS (Halala) 15.63 23.12 47.9 %

The growth was driven by a slight increase in sales, supported by sustained high demand from the previous period—particularly from high-voltage substation projects, infrastructure projects for distribution networks, and a series of new industrial initiatives, including in the oil and gas sector.

 

The rise in profit was also supported by a more diversified product mix and improved margins on certain products.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 494.89 531.36 7.4 %
Gross Income 167.58 191.25 14.1 %
Operating Income 112.10 150.06 33.9 %
Net Income 100.61 136.72 35.9 %
Average Shares 1,125.00 1,125.00 -
Earnings Per Share before unusual items (Halala) 10.97 12.15 10.8 %
EPS (Halala) 8.94 12.15 35.9 %

Net profit rose by 35.9% to SAR 136.72 million in Q2 2025, from SAR 100.61 million in Q2 2024.

 

Compared to Q1 2025, net earnings jumped 10.8% from SAR 123.43 million.

 

Total shareholders’ equity, no minority interest, reached SAR 1.07 billion by the end of the current period, up from SAR 833.89 million a year earlier.

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