Financial Results : Al Arabia Q1 2025 profit declines 52% to SAR 48.2M

Al Arabia Q1 2025 profit declines 52% to SAR 48.2M

15/05/2025 Argaam Exclusive

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Arabian Contracting Services Co. (Al Arabia) reported a net profit drop of 52% to SAR 48.2 million in Q1 2025, compared to SAR 100.8 million a year earlier.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 439.07 543.72 23.8 %
Gross Income 203.54 249.03 22.4 %
Operating Income 158.96 210.35 32.3 %
Net Income 100.82 48.22 (52.2 %)
Average Shares 55.00 55.00 -
Earnings Per Share before unusual items (Riyal) 1.83 0.88 (52.2 %)
EPS (Riyal) 1.83 0.88 (52.2 %)

The profit decline was attributed to the interest recorded on the financial liability related to Remat’s concession agreement.

 

Despite this, Al Arabia achieved positive revenue growth, increasing 24% to SAR 544 million in Q1 2025 from SAR 439 million in Q1 2024.

 

Q1 2025 net earnings shed 38.8% from SAR 320.63 million in Q4 2024.

 

Total shareholders' equity, after minority interest, reached SAR 1.42 billion at the end of Q1 2025, up from SAR 1.21 billion a year earlier.

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