Financial Results : Arabian Pipes makes SAR 110.5M profit in 2025; Q4 drops 35% to SAR 8.1M

Arabian Pipes makes SAR 110.5M profit in 2025; Q4 drops 35% to SAR 8.1M

23/02/2026 Argaam Exclusive

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Arabian Pipes Co. (APC) reported a net profit of SAR 110.5 million for 2025, compared to SAR 168.2 million in the year-ago period.



Financials (M)

Item 2024 2025 Change‬
Revenues 1,138.27 874.06 (23.2 %)
Gross Income 283.19 191.77 (32.3 %)
Operating Income 233.49 137.33 (41.2 %)
Net Income 168.18 110.47 (34.3 %)
Average Shares 200.00 200.00 -
Earnings Per Share before unusual items (Riyals) 0.86 0.51 (40.9 %)
EPS (Riyal) 0.84 0.55 (34.3 %)

Revenue plunged 23.23% year-on-year (YoY) to SAR 874.06 million in 2025, mainly due to lower sales, changes in customer supply schedules, and a shift in the sales mix.

 

In addition, gross profit fell by 32.28% YoY.



Current Quarter Comparison (M)

Compared With The
Item Q4 2024 Q4 2025 Change‬
Revenues 158.88 137.43 (13.5 %)
Gross Income 29.83 21.64 (27.5 %)
Operating Income 28.74 15.11 (47.4 %)
Net Income 12.46 8.10 (35.0 %)
Average Shares 200.00 200.00 -
Earnings Per Share before unusual items (Riyal) 0.06 0.04 (35.0 %)
EPS (Riyal) 0.06 0.04 (35.0 %)

The fourth-quarter net earnings dropped 35% to SAR 8.1 million, from SAR 12.46 million in Q4 2024.

 

On a sequential basis, net earnings fell by 70.8% from SAR 27.77 million in Q3 2025.

 

Shareholders’ equity, with no minority interest, rose to SAR 488.12 million as of Dec. 31, 2025, from SAR 401.32 million a year earlier.

 

Attached Documents

 

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