Financial Results : Arabian Pipes profit down 27% to SAR 40.2M in Q1 2025

Arabian Pipes profit down 27% to SAR 40.2M in Q1 2025

07/05/2025 Argaam Exclusive

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Arabian Pipes Co. reported a net profit of SAR 40.2 million in Q1 2025, a decrease of 27% from SAR 54.8 million in the prior-year period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 311.15 248.93 (20.0 %)
Gross Income 97.67 63.66 (34.8 %)
Operating Income 70.67 50.80 (28.1 %)
Net Income 54.79 40.17 (26.7 %)
Average Shares 200.00 200.00 -
Earnings Per Share before unusual items (Riyal) 0.29 0.20 (30.3 %)
EPS (Riyal) 0.27 0.20 (26.7 %)

Revenues fell 20% year-on-year (YoY) to SAR 248.93 million primarily due to lower sales volume. Gross profit dropped 34.82% YoY to SAR 63.66 million.

 

Compared to Q4 2024, the first-quarter net profit more than tripled from SAR 12.46 million, on a 48.18% increase in sales revenue.

 

Shareholders’ equity, no minority interest, rose to SAR 441.5 million as of March 31, 2025, from SAR 287.9 million a year earlier.

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