Financial Results : National Building profit dips 76% to SAR 10.7M in 2025; H2 at SAR 3.4M

National Building profit dips 76% to SAR 10.7M in 2025; H2 at SAR 3.4M

30/03/2026 Argaam Exclusive

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National Building and Marketing Co. (NBM) reported a net profit of SAR 10.7 million in 2025, a slump of 76% from SAR 45.1 million a year earlier.


Financials (M)

Item 2024 2025 Change‬
Revenues 818.00 856.91 4.8 %
Gross Income 120.49 88.40 (26.6 %)
Operating Income 95.51 65.81 (31.1 %)
Net Income 45.11 10.68 (76.3 %)
Average Shares 12.00 12.00 -
Earnings Per Share before unusual items (Riyals) 3.76 0.89 (76.3 %)
EPS (Riyal) 3.76 0.89 (76.3 %)

NBM said its net profit was hit by higher credit loss provisions and a rise of nearly 5.86% year-on-year (YoY) in finance costs.

 

This came despite a 4.76% rise YoY in the full-year revenue, driven by mixed segment performance.

 

The steel segment revenue rose 10.94% YoY to SAR 678 million, supported by higher sales volumes.

 

Construction revenue fell 31.11% YoY to SAR 68 million, due to slower project execution and changes in completion rates.

 

Similarly, IT segment revenue dropped 49.63% YoY to SAR 7 million, due to extended timelines for ongoing projects.



Current Half Annual Comparison (M)

Compared With The
Item H2 2024 H2 2025 Change‬
Revenues 472.14 444.13 (5.9 %)
Gross Income 68.36 42.35 (38.0 %)
Operating Income 54.62 30.35 (44.4 %)
Net Income 29.73 3.40 (88.6 %)
Average Shares 12.00 12.00 -
Earnings Per Share before unusual items (Riyal) 2.48 0.28 (88.6 %)
EPS (Riyal) 2.48 0.28 (88.6 %)

In H2 2025, net earnings tumbled 89% to SAR 3.4 million from SAR 29.7 million in the prior-year period.

 

Compared to the first half of 2025, bottom line dropped 53.3% from SAR 7.2 million.

 

Shareholders equity – after minority interest – dropped to SAR 32.07 million as of Dec. 31, 2025, from SAR 47.39 million a year earlier.

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