Financial Results : Arabian Drilling incurs SAR 75.3M loss in 2025, SAR 148.5M in Q4

Arabian Drilling incurs SAR 75.3M loss in 2025, SAR 148.5M in Q4

01/03/2026 Argaam Exclusive

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Arabian Drilling Co. (ADC) posted a net loss of SAR 75.3 million for 2025, against a net profit of SAR 321.4 million a year earlier.



Financials (M)

Item 2024 2025 Change‬
Revenues 3,618.82 3,433.33 (5.1 %)
Gross Income 759.90 374.07 (50.8 %)
Operating Income 565.53 168.30 (70.2 %)
Net Income 321.36 (75.25) (123.4 %)
Average Shares 89.00 89.00 -
Earnings Per Share before unusual items (Riyals) 4.79 0.27 (94.4 %)
EPS (Riyal) 3.61 (0.85) (123.4 %)

The losses were attributed to a 5% decline year-on-year (YoY) in revenues, mainly due to a lower rig utilization rate (75% versus 83%), partially offset by the full-year impact of revenues generated from unconventional drilling rigs and the new offshore service platform.

 

The lower utilization rate was partly mitigated by an increase in rig mobilization activities.



Current Quarter Comparison (M)

Compared With The
Item Q4 2024 Q4 2025 Change‬
Revenues 849.66 824.34 (3.0 %)
Gross Income 182.38 (29.85) (116.4 %)
Operating Income 132.73 (90.90) (168.5 %)
Net Income 70.12 (148.52) (311.8 %)
Average Shares 89.00 89.00 -
Earnings Per Share before unusual items (Riyal) 0.79 (0.38) (148.5 %)
EPS (Riyal) 0.79 (1.67) (311.8 %)

In Q4, the company swung to a net loss of SAR 148.5 million, from a net profit of SAR 70.1 million in Q4 2024.

 

It widened net losses from SAR 9.41 million in Q3 2025.

 

Shareholders’ equity – no minority interest – declined to SAR 5.74 billion as of Dec. 31, 2025, from SAR 5.93 billion a year earlier.

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