Saleh Al Rashed 2025 profit rises 54% to SAR 91.7M; Q4 at SAR 25.5M
10/03/2026
Argaam Exclusive
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Saleh Abdulaziz Al Rashed & Sons Co. posted a 54% leap in its 2025 net profit to SAR 91.7 million, compared to SAR 59.7 million a year earlier.
Financials (M)
| Item | 2024 | 2025 | Change |
|---|---|---|---|
| Revenues | 599.58 | 739.52 | 23.3 % |
| Gross Income | 106.69 | 163.96 | 53.7 % |
| Operating Income | 63.20 | 104.22 | 64.9 % |
| Net Income | 59.69 | 91.66 | 53.6 % |
| Average Shares | 18.60 | 18.60 | - |
| Earnings Per Share before unusual items (Riyals) | 3.21 | 4.93 | 53.6 % |
| EPS (Riyal) | 3.21 | 4.93 | 53.6 % |
The company said revenue increased by about SAR 140 million, supported by a 28% rise year-on-year (YoY) in the sales volumes of building materials.
Additionally, production of building materials rose by about 3.2 million tons, or 22% YoY. SAR also reported improved selling prices and enhanced operational efficiency.
In Q4 2025, net earnings jumped 18% to SAR 25.5 million from SAR 21.68 million in the prior-year period.
Compared With The
Current Quarter Comparison (M)
| Item | Q4 2024 | Q4 2025 | Change |
|---|---|---|---|
| Revenues | 175.01 | 194.07 | 10.9 % |
| Gross Income | 33.75 | 45.35 | 34.4 % |
| Operating Income | 23.70 | 31.17 | 31.5 % |
| Net Income | 21.68 | 25.54 | 17.8 % |
| Average Shares | 18.60 | 18.60 | - |
| Earnings Per Share before unusual items (Riyal) | 1.17 | 1.37 | 17.8 % |
| EPS (Riyal) | 1.17 | 1.37 | 17.8 % |
Total shareholders’ equity, after minority interest, rose to SAR 421.59 million as of Dec. 31, 2025, compared to SAR 356.59 million a year earlier.
Financial results (Million)
| Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
|---|---|---|---|---|---|---|
| Q1 2025 | 170.70 | 27.9 % | 39.97 | 67.2 % | 21.99 | 68.0 % |
| Q2 2025 | 190.18 | 37.8 % | 34.92 | 41.1 % | 21.22 | 64.3 % |
| Q3 2025 | 184.57 | 20.6 % | 43.72 | 80.0 % | 29.83 | 121.0 % |
| Q4 2025 | 194.07 | 10.9 % | 45.35 | 34.4 % | 31.17 | 31.5 % |
| 2025 | 739.52 | 23.3 % | 163.96 | 53.7 % | 104.22 | 64.9 % |
Profit Performance (Million)
| Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS(Riyal) |
|---|---|---|---|---|---|---|
| Q1 2025 | 23.16 | 88.4 % | 1.24 | - | 23.16 | 1.24 |
| Q2 2025 | 18.00 | 30.5 % | 0.97 | - | 18.00 | 0.97 |
| Q3 2025 | 24.97 | 109.4 % | 1.34 | - | 24.97 | 1.34 |
| Q4 2025 | 25.54 | 17.8 % | 1.37 | - | 25.54 | 1.37 |
| 2025 | 91.66 | 53.6 % | 4.93 | - | 91.66 | 4.93 |
Profitability
| Period | Gross Margin | Adjusted EBITDA margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2024 | - | - | - |
| Q2 2024 | - | - | - |
| Q3 2024 | - | - | - |
| Q4 2024 | 17.79 % | - | 9.95 % |
| 2024 | 17.79 % | 19.52 % | 9.95 % |
| Q1 2025 | 19.28 % | - | 11.08 % |
| Q2 2025 | 19.29 % | - | 10.85 % |
| Q3 2025 | 21.15 % | - | 12.19 % |
| Q4 2025 | 22.17 % | - | 12.39 % |
| 2025 | 22.17 % | 22.14 % | 12.39 % |
Compared With The
Per Share Data (Riyal)
| Period | Shares Outstanding (M) | EPS (Riyal) | Earnings Per Share before unusual items (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| Q1 2025 | 18.60 | 3.79 | 3.79 | 19.92 |
| Q2 2025 | 18.60 | 4.02 | 4.02 | - |
| Q3 2025 | 18.60 | 4.72 | 4.72 | 21.43 |
| Q4 2025 | 18.60 | 4.93 | 4.93 | 22.67 |
Multiple Ratios (End of Period Price)
| Period | P/E | Recurring P/E | Price/book |
|---|---|---|---|
| Q1 2025 | - | - | - |
| Q2 2025 | - | - | - |
| Q3 2025 | - | - | - |
| Q4 2025 | - | - | - |
Business Segments (Million)
Q4 2025
| Period | Sales of building materials | Spare parts sales |
|---|---|---|
| Q1 2025 | 141.84 | 28.87 |
| Q4 2025 | 166.90 | 27.17 |
| Current | |
| Market Cap (M Riyal) | 1,076.94 |
| Enterprise Value (EV) (M Riyal) | 1,068.70 |
| Shares Outstanding ((M)) | 18.60 |
| EPS ( Riyal) (TTM) | 4.93 |
| Book Value (BV) ( Riyal) | 22.67 |
| Par Value ( Riyal) | 10.00 |
| Recurring P/E | 11.75 |
| P/E (TTM) | 11.75 |
| Price/book | 2.55 |
| Return on Average Assets (%) (TTM) | 16.1 |
| Return on Average Equity (%) (TTM) | 23.6 |
| EV/Revenues | 1.45 |
Share Price
Saleh Abdulaziz Al Rashed and Sons Co. (SALEH ALRASHED)
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