Financial Results : Budget Saudi H1 2025 profit leaps 19% to SAR 168.4M; Q2 at SAR 85.6M

Budget Saudi H1 2025 profit leaps 19% to SAR 168.4M; Q2 at SAR 85.6M

10/08/2025 Argaam Exclusive

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United International Transportation Co. (Budget Saudi) reported a net profit of SAR 168.4 million in H1 2025, leaping 19% from SAR 140.9 million in the year-earlier period.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 841.95 1,088.06 29.2 %
Gross Income 248.71 343.23 38.0 %
Operating Income 141.82 187.40 32.1 %
Net Income 140.93 168.39 19.5 %
Average Shares 74.67 78.17 4.7 %
Earnings Per Share before unusual items (Riyals) 1.89 2.15 14.1 %
EPS (Riyal) 1.89 2.15 14.1 %

Revenue increased in H1 2025, mainly due to the growth of the lease fleet, which resulted in higher revenue. Additionally, Autoworld was consolidated into the group during this period, contributing lease revenue that was not present in the same period last year.

 

The company also cited enhanced operational efficiency and effective cost management, which resulted in better gross and operating margins. This was despite the challenges, such as higher financing costs and increased depreciation due to fleet expansion.

 

In Q2 2025, net earnings leapt 21% to SAR 85.6 million, from SAR 70.87 million in Q2 2024, boosted mainly by higher revenues.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 425.07 544.65 28.1 %
Gross Income 119.69 169.23 41.4 %
Operating Income 70.80 94.43 33.4 %
Net Income 70.87 85.63 20.8 %
Average Shares 74.67 78.17 4.7 %
Earnings Per Share before unusual items (Riyal) 0.95 1.10 15.4 %
EPS (Riyal) 0.95 1.10 15.4 %

Sequentially, Q2 2025 net profit grew 3.5% from SAR 82.76 million in Q1 2025.

 

Total shareholders’ equity, excluding minority interest, stood at SAR 2.78 billion as of June 30, 2025, compared to SAR 1.93 billion a year earlier.

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