Financial Results : Theeb profit rises 10% to SAR 93.2M in H1 2025; Q2 at SAR 47.8M

Theeb profit rises 10% to SAR 93.2M in H1 2025; Q2 at SAR 47.8M

07/08/2025 Argaam Exclusive

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Theeb Rent a Car Co. reported a net profit of SAR 93.2 million in H1 2025, a rise of 10% from SAR 85.1 million in the year-earlier period.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 628.36 701.55 11.6 %
Gross Income 204.69 231.22 13.0 %
Operating Income 127.21 140.83 10.7 %
Net Income 85.06 93.15 9.5 %
Average Shares 43.00 43.00 -
Earnings Per Share before unusual items (Riyals) 1.98 2.17 9.5 %
EPS (Riyal) 1.98 2.17 9.5 %

The company said the year-on-year (YoY) profit growth was driven by an 11.65% increase in revenue, supported by an 18% annual hike in short- and long-term rental income, alongside slight improvements in short-term rental utilization and some operating cost items.

 

In the second quarter of 2025, Theeb’s bottom line surged by 7% to SAR 47.8 million, versus SAR 44.6 million in the year before, thanks to a 13.4% YoY hike in the three-month revenues.

 

Quarter-on-quarter (QoQ), the three-month earnings widened by 5.4% from SAR 45.36 million in Q1 2025, on the back of an 8.4% sequential topline increase.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 321.78 364.88 13.4 %
Gross Income 105.83 118.04 11.5 %
Operating Income 66.46 73.35 10.4 %
Net Income 44.58 47.79 7.2 %
Average Shares 43.00 43.00 -
Earnings Per Share before unusual items (Riyal) 1.04 1.11 7.2 %
EPS (Riyal) 1.04 1.11 7.2 %

Shareholders’ equity, no minority interest, surged to SAR 875.86 million as of June 30, 2025, from SAR 776.89 million a year earlier.

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