Arabian Pipes Co. (APC) reported a net profit of SAR 102.4 million for the first nine months of 2025, a 34% decline compared to SAR 155.7 million in the year-ago period on lower sales volumes.
| Item | 9m 2024 | 9m 2025 | Change |
|---|---|---|---|
| Revenues | 979.39 | 736.63 | (24.8 %) |
| Gross Income | 253.36 | 170.13 | (32.9 %) |
| Operating Income | 204.75 | 122.22 | (40.3 %) |
| Net Income | 155.72 | 102.37 | (34.3 %) |
| Average Shares | 200.00 | 200.00 | - |
| Earnings Per Share before unusual items (Riyals) | 0.79 | 0.51 | (35.4 %) |
| EPS (Riyal) | 0.78 | 0.51 | (34.3 %) |
Gross profit dropped 32.85% to SAR 170.13 million for the first nine months of 2025, from SAR 253.36 million in a year earlier period, on changes in the sales mix and supply schedules.
| Item | Q3 2024 | Q3 2025 | Change |
|---|---|---|---|
| Revenues | 322.32 | 233.29 | (27.6 %) |
| Gross Income | 67.59 | 44.17 | (34.7 %) |
| Operating Income | 60.14 | 25.48 | (57.6 %) |
| Net Income | 43.89 | 27.77 | (36.7 %) |
| Average Shares | 200.00 | 200.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.22 | 0.14 | (36.7 %) |
| EPS (Riyal) | 0.22 | 0.14 | (36.7 %) |
| Item | Q2 2025 | Q3 2025 | Change |
|---|---|---|---|
| Revenues | 254.42 | 233.29 | (8.3 %) |
| Gross Income | 62.30 | 44.17 | (29.1 %) |
| Operating Income | 45.95 | 25.48 | (44.5 %) |
| Net Income | 34.43 | 27.77 | (19.3 %) |
| Average Shares | 200.00 | 200.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.17 | 0.14 | (19.3 %) |
| EPS (Riyal) | 0.17 | 0.14 | (19.3 %) |
The third-quarter net profit dropped 37% to SAR 27.8 million, from SAR 43.9 million in Q3 2024.
Sequentially, the three-month bottom line slumped 19.3% from SAR 34.43 million in Q2 2025.
Shareholders’ equity, no minority interest, stood at SAR 481.19 million by the end of Sept. 30, 2025, compared to SAR 388.84 million in the year-earlier period.
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