Electrical Industries Co.’s (EIC) net profit surged by 41.7% to SAR 421.21 million in the first nine months of 2025, compared to SAR 297.2 million in the year-earlier period.
Item | 9m 2024 | 9m 2025 | Change |
---|---|---|---|
Revenues | 1,542.82 | 1,598.07 | 3.6 % |
Gross Income | 503.72 | 600.37 | 19.2 % |
Operating Income | 346.27 | 461.03 | 33.1 % |
Net Income | 297.20 | 421.22 | 41.7 % |
Average Shares | 1,125.00 | 1,125.00 | - |
Earnings Per Share before unusual items (Halala) | 28.74 | 37.44 | 30.3 % |
EPS (Halala) | 26.42 | 37.44 | 41.7 % |
The profit increase was attributed to a rise in revenues to nearly SAR 1.6 billion from SAR 1.54 billion. In addition, the company diversified its product range and achieved higher sales with greater profit margins.
EIC reported lower general and administrative expenses year on year, including non-recurring expenses of SAR 26.1 million related to a fine imposed by the General Authority for Competition (GAC).
The company also reported a decline in financing costs (FCs).
Item | Q3 2024 | Q3 2025 | Change |
---|---|---|---|
Revenues | 505.85 | 560.02 | 10.7 % |
Gross Income | 185.77 | 223.53 | 20.3 % |
Operating Income | 135.10 | 173.07 | 28.1 % |
Net Income | 121.35 | 161.07 | 32.7 % |
Average Shares | 1,125.00 | 1,125.00 | - |
Earnings Per Share before unusual items (Halala) | 10.79 | 14.32 | 32.7 % |
EPS (Halala) | 10.79 | 14.32 | 32.7 % |
Item | Q2 2025 | Q3 2025 | Change |
---|---|---|---|
Revenues | 531.36 | 560.02 | 5.4 % |
Gross Income | 191.25 | 223.53 | 16.9 % |
Operating Income | 150.06 | 173.07 | 15.3 % |
Net Income | 136.72 | 161.07 | 17.8 % |
Average Shares | 1,125.00 | 1,125.00 | - |
Earnings Per Share before unusual items (Halala) | 12.15 | 14.32 | 17.8 % |
EPS (Halala) | 12.15 | 14.32 | 17.8 % |
Net profit rose by 33% to SAR 161.1 million in Q3 2025 from SAR 121.35 million in Q3 2024.
Sequentially, net earnings jumped 17.8% from SAR 136.72 million in Q2 2025.
Total shareholders’ equity, no minority interest, rose to SAR 1.09 billion by the end of the current period, up from SAR 844.7 million a year earlier.
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