ZAIN KSA-

Mobile Telecommunication Company Saudi Arabia (Zain KSA) saw its net income rise 38.8% y-o-y to SAR 93 mn in 1Q 2025, according to a disclosure to Tadawul. The figure came below Bloomberg’s analysts expectations of SAR 128.3 mn for the quarter.

(** Tap or click the headline above to read this story with all of the links to our background and outside sources.)

MEANWHILE- Revenue grew 6.1% y-o-y to SAR 2.7 bn during the quarter, driven by growth in the consumer segment, particularly from 5G services, and contributions from subsidiary Tamam.

MARAFIQ-

The Power and Water Utility Company for Jubail and Yanbu (Marafiq) reported a 72.6% y-o-y surge in net income, reaching SAR 117.9 mn, it said in an earnings release. This growth was primarily driven by a 102.1% rise in operating income from success fees on the Al Haer sewage treatment plant, and lower finance and zakat expenses. However, these gains were partially offset by a 20.4% increase in fuel costs and a 15.8% rise in utility purchases for its subsidiary Tawreed.

MEANWHILE- Revenue grew 6.6% y-o-y to SAR 1.7 bn, supported by higher sales volumes across all key sectors.

!_SUBHED_! ALDAWAA MEDICAL SERVICES-

Aldawaa Medical Services posted a 10.3% y-o-y rise in net income to SAR 105.2 mn in 1Q 2025, driven by stronger operating income and improved cost control, it said in a disclosure to Tadawul. Similarly, revenue increased 8.9% y-o-y to SAR 1.7 bn driven by stronger sales across all channels and seasonal campaigns.

SADAFCO-

Saudia Dairy and Foodstuff (Sadafco) reported a net income of SAR 126.1 mn in 1Q 2025, a marginal decrease of 0.1% y-o-y, according to a disclosure to Tadawul. Nevertheless, revenue rose 8.5% y-o-y to SAR 778.6 mn during the quarter, driven by a 60% rise in sales, as well as maintaining the company’s market share in milk, tomato paste, and ice cream categories.

SAVOLA-

Savola Group’s net income declined 45.8% y-o-y to SAR 189.2 mn in 1Q 2025, primarily due to the absence of profit share from its distributed investment in Almarai, it said in a disclosure to Tadawul. Revenue increased 6.3% y-o-y to SAR 7.6 bn in the same period, driven by a 4% rise in retail revenues from store expansions and Panda Retail’s CXR program, alongside higher revenues in the Food Processing segment.

SHAKER GROUP-

Home appliances importer and distributor Al Hassan Ghazi Ibrahim Shaker Co. (Shaker Group) saw its net income drop 15.6% y-o-y to SAR 27.2 mn in 1Q 2025, which was partially offset by lower finance costs, according to an earnings release (pdf). Revenue fell 3.1% y-o-y to SAR 400.4 mn, driven by a decline in home appliances sales, which was partially offset by a rise in HVAC solutions sales.

RIYADH CABLES-

RiyadhCables Group saw its net income jump 51.6% y-o-y to SAR 256.2 mn in 1Q 2025, it said in a disclosure to Tadawul. Revenue climbed 22.5% y-o-y during the same period to SAR 2.5 bn, mainly due to higher sales.

NAHDI MEDICAL-

Nahdi Medical posted a 9.6% y-o-y rise in net income to SAR 255.2 mn in 1Q 2025, it said in an earnings release (pdf). The growth was supported by a 16.6% increase in operating income, despite increased operating expenses from strategic investments and higher non-operating expenses.

MEANWHILE- Revenue jumped 16.7% y-o-y to SAR 2.6 bn in the same period, steered by robust performance across all segments, including a 15.2% rise in the retail business, strong growth in healthcare and UAE businesses, and favorable Ramadan season results.

LUMI-

Lumi Rental saw its net income rise 18.9% y-o-y to SAR 53.1 mn in 1Q 2025, as operating performance improved and finance costs decreased, it said in an earnings release (pdf). Revenue grew 7.2% y-o-y to SAR 411.5 mn over the same period on strong lease and rental divisions.

WATANIYA INS.-

Wataniya Ins. saw its bottom line shed 77.1% y-o-y to SAR 6.2 mn in 1Q 2025, primarily due to a 76.5% decline in net ins. service results, it said in a disclosure to Tadawul. Nevertheless, ins. revenues rose 10.3% y-o-y to SAR 452.2 mn during the quarter on the back of stronger premiums from business growth in the previous year.

GULF INS-

Gulf Ins. Group reported a net income of SAR 27.1 mn in 1Q 2025, recovering from a net loss of SAR 20.2 mn in the same quarter last year, according to a disclosure to Tadawul. Meanwhile, ins. revenues rose 1.4% y-o-y to SAR 367.6 mn. The turnaround was primarily driven by a rise in net ins. service results, particularly in the property and casualty segment.

LEEJAM SPORTS-

Leejam Sports reported a 24.5% y-o-y drop in net income to SAR 71 mn in 1Q 2025, weighed down by added costs from 30 new fitness centers, it said in a disclosure to Tadawul. Revenue rose 8.5% y-o-y to SAR 369 mn during the quarter, supported by 10% growth in subscriptions and membership, though tempered by Ramadan falling entirely within the quarter, a shift to short-term subscriptions, and greater Xpress center contributions.

ARABIAN CEMENT-

ArabianCement’s net income fell 56.5% y-o-y to SAR 23.6 mn in 1Q 2025 on the back of lower average selling prices and higher tax expenses tied to prior years’ differences at a subsidiary, it said in a disclosure to Tadawul. However, revenue gained 4.6% y-o-y to SAR 238.1 mn during the same period, driven by increased sales volume.

Tags: