Financial Results : Al-Babtain profit surges to SAR 313.3M in 9M 2025; Q3 at SAR 127.3M (+190%)

Al-Babtain profit surges to SAR 313.3M in 9M 2025; Q3 at SAR 127.3M (+190%)

05/11/2025 Argaam Exclusive

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Al-Babtain Power and Telecommunication Co. reported a net profit of SAR 313.3 million for the first nine months of 2025, up 73% from SAR 180.8 million in the same period last year.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 2,133.54 2,095.51 (1.8 %)
Gross Income 326.29 495.33 51.8 %
Operating Income 217.40 384.44 76.8 %
Net Income 180.78 313.26 73.3 %
Average Shares 63.95 63.95 -
Earnings Per Share before unusual items (Riyals) 2.27 4.90 115.5 %
EPS (Riyal) 2.83 4.90 73.3 %

The earnings growth was mainly driven by lower operating and financing costs, offsetting a 2% year-on-year (YoY) decline in revenue due to weaker solar energy segment sales.

 

Excluding capital gains, net profit rose 135% YoY, as the prior-year period included SAR 47.7 million in gains from the sale of investment properties.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 783.89 776.79 (0.9 %)
Gross Income 103.42 193.71 87.3 %
Operating Income 68.67 152.24 121.7 %
Net Income 43.85 127.31 190.3 %
Average Shares 63.95 63.95 -
Earnings Per Share before unusual items (Riyal) 0.69 1.99 190.3 %
EPS (Riyal) 0.69 1.99 190.3 %

The third quarter net profit skyrocketed 190.3% to SAR 127.3 million, from SAR 43.85 million in Q3 2024, supported by lower operating and financing expenses despite a 1% dip in revenue.

 

Sequentially, earnings rose 30.2%, driven by a 13% increase in revenue, which resulted from stronger sales in the towers and steel structures segment and improved performance in the lighting poles and fixtures division.

 

Total shareholders’ equity, after minority interest, stood at SAR 1.23 billion at the end of Sept. 30, 2025, up from SAR 1.02 billion in the year-earlier period.

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