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.
| 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.
| 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 %) |
| Item | Q3 2025 | Q4 2025 | Change |
|---|---|---|---|
| Revenues | 233.29 | 137.43 | (41.1 %) |
| Gross Income | 44.17 | 21.64 | (51.0 %) |
| Operating Income | 25.48 | 15.11 | (40.7 %) |
| Net Income | 27.77 | 8.10 | (70.8 %) |
| Average Shares | 200.00 | 200.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.09 | 0.04 | (55.8 %) |
| EPS (Riyal) | 0.14 | 0.04 | (70.8 %) |
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.
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