Financial Results : Theeb 9M 2025 profit up 9% to SAR 143.3M; Q3 at SAR 50.2M

Theeb 9M 2025 profit up 9% to SAR 143.3M; Q3 at SAR 50.2M

10/11/2025 Argaam Exclusive

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Theeb Rent a Car Co. reported a net profit of SAR 143.3 million in the first nine months of 2025, an increase of 9% from SAR 131.5 million in the year-earlier period.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 965.75 1,105.16 14.4 %
Gross Income 311.25 351.60 13.0 %
Operating Income 202.44 224.27 10.8 %
Net Income 131.54 143.33 9.0 %
Average Shares 43.00 43.00 -
Earnings Per Share before unusual items (Riyals) 3.06 3.33 9.0 %
EPS (Riyal) 3.06 3.33 9.0 %

Theeb cited a 14.4% year-on-year (YoY) topline hike, in addition to the improvement in certain operating cost items during the nine-month period.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 337.40 403.61 19.6 %
Gross Income 106.55 120.37 13.0 %
Operating Income 70.86 79.53 12.2 %
Net Income 46.49 50.17 7.9 %
Average Shares 43.00 43.00 -
Earnings Per Share before unusual items (Riyal) 1.08 1.17 7.9 %
EPS (Riyal) 1.08 1.17 7.9 %

The company reported a net profit of SAR 50.2 million in Q3 2025, up 7.9% from SAR 46.49 million in the year before.

 

This was primarily driven by the 18.2% hike in the three-month short-term and long-term rental revenues, coupled with the 24.2%jump in the used car sales segment revenues for the same quarter.

 

On a quarterly basis, net earnings climbed by 5% from SAR 47.79 million in Q2 2025.

 

Total shareholders’ equity, no minority interest, stood at SAR 902.38 million as of Sept. 30, 2025, compared to SAR 801.44 million in the prior-year period.

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