Financial Results : Riyadh Cables Q1 2025 profit leaps 51% to SAR 256.2M

Riyadh Cables Q1 2025 profit leaps 51% to SAR 256.2M

07/05/2025 Argaam Exclusive

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Riyadh Cables Group Co. posted a net profit rise of 52% to SAR 256.2 million for the first quarter of 2025, from SAR 170.2 million in the prior-year period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 2,031.55 2,489.05 22.5 %
Gross Income 283.20 426.81 50.7 %
Operating Income 210.96 293.66 39.2 %
Net Income 170.22 256.18 50.5 %
Average Shares 150.00 150.00 -
Earnings Per Share before unusual items (Riyal) 1.13 1.71 50.5 %
EPS (Riyal) 1.13 1.71 50.5 %

The cable producer cited an increase in revenue, thanks to better sales volumes.

 

Compared to Q4 2024, net earnings rose by 1.5% from SAR 252.3 million on higher sales volumes and diversified products.

 

This came despite a decline in topline.

 

Shareholders' equity, excluding minority interest, rose to SAR 2.89 billion as of March 31, 2025, from SAR 2.43 billion a year earlier.

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