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.
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 %) |
Item | Q4 2024 | Q1 2025 | Change |
---|---|---|---|
Revenues | 167.99 | 248.93 | 48.2 % |
Gross Income | 38.94 | 63.66 | 63.5 % |
Operating Income | 39.33 | 50.80 | 29.2 % |
Net Income | 12.46 | 40.17 | 222.5 % |
Average Shares | 200.00 | 200.00 | - |
Earnings Per Share before unusual items (Riyal) | 0.06 | 0.20 | 222.5 % |
EPS (Riyal) | 0.06 | 0.20 | 222.5 % |
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.
Be the first to comment
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments Analysis: