Financial Results : Arabian Pipes profit drops 33% to SAR 74.6M in H1 2025; Q2 at SAR 34.4M

Arabian Pipes profit drops 33% to SAR 74.6M in H1 2025; Q2 at SAR 34.4M

29/07/2025 Argaam Exclusive

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Arabian Pipes Co. reported a net profit of SAR 74.6 million for the first six months of 2025, a decline of 33% from SAR 111.83 million in the year-earlier period. 



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 657.08 503.35 (23.4 %)
Gross Income 185.77 125.96 (32.2 %)
Operating Income 144.60 96.74 (33.1 %)
Net Income 111.83 74.60 (33.3 %)
Average Shares 200.00 200.00 -
Earnings Per Share before unusual items (Riyals) 0.57 0.37 (35.0 %)
EPS (Riyal) 0.56 0.37 (33.3 %)

The company attributed the decline in profits for the current period to a 32.20% decrease in gross profit to SAR 125.96 million, primarily due to changes in the sales mix and supply schedules, in addition to a drop in sales volume.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 345.92 254.42 (26.5 %)
Gross Income 88.11 62.30 (29.3 %)
Operating Income 73.94 45.95 (37.9 %)
Net Income 57.05 34.43 (39.6 %)
Average Shares 200.00 200.00 -
Earnings Per Share before unusual items (Riyal) 0.29 0.17 (39.6 %)
EPS (Riyal) 0.29 0.17 (39.6 %)

The second-quarter net earnings fell by 40% to SAR 34.4 million, from SAR 57 million in Q2 2024.

 

Similarly, net earnings decreased by 14.3% quarter-on-quarter (QoQ) from SAR 40.1 million in Q1 2025.

 

Shareholders’ equity, no minority interest, stood at SAR 453.42 million as of June 30, 2025, up from SAR 344.95 million a year earlier.

 
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