Financial Results : Al Yamamah Steel profit drops to SAR 41.9M in 9M 2024/25; Q3 at SAR 15.4M

Al Yamamah Steel profit drops to SAR 41.9M in 9M 2024/25; Q3 at SAR 15.4M

07/08/2025 Argaam Exclusive

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Al Yamamah Steel Industries Co. reported a net profit of SAR 42 million for the nine-month period ended June 30, 2025, a decline of 37% from SAR 66.5 million a year earlier.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 1,553.34 1,474.62 (5.1 %)
Gross Income 188.88 148.92 (21.2 %)
Operating Income 122.71 80.88 (34.1 %)
Net Income 66.54 41.91 (37.0 %)
Average Shares 50.80 50.80 -
Earnings Per Share before unusual items (Riyals) 1.31 0.68 (47.9 %)
EPS (Riyal) 1.31 0.83 (37.0 %)

The steel producer attributed the lower profit to a decline in topline, as sales volumes and value in the renewable energy segment dropped by 18.56% and 43.71% year-on-year (YoY), respectively.

 

In the third quarter, net earnings more than doubled to SAR 15.4 million, from 6.4 million in Q3 2023/24, as revenues grew by 12.6% YoY. In addition, Al Yamamah Steel recorded YoY declines in the cost of sales in the electricity and renewable energy segments by 7.99% and 4.63%, respectively. Financing costs contracted by 10.63%.

 

Meanwhile, net earnings dropped 30% from SAR 21.9 million in the previous quarter.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 425.68 477.45 12.2 %
Gross Income 47.56 57.19 20.2 %
Operating Income 25.83 32.07 24.2 %
Net Income 6.45 15.37 138.5 %
Average Shares 50.80 50.80 -
Earnings Per Share before unusual items (Riyal) 0.13 0.30 138.5 %
EPS (Riyal) 0.13 0.30 138.5 %

Total shareholders’ equity, after minority interest, amounted to SAR 605.59 million by the end of the six-month period, up from SAR 584.68 million a year ago.

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