BUPA ARABIA-

Bupa Arabia for Cooperative Ins. Co. (Bupa Arabia) saw its net income rise 5.8% y-o-y to SAR 380.2 mn in 1Q 2025, according to a disclosure to Tadawul. This growth was primarily driven by a 15.2% increase in ins. service results due to improvements in claims management and seasonal trends, as well as a 17.8% rise in net investment results. Meanwhile, ins. revenues showed a marginal increase of 0.8% y-o-y to SAR 4.41 bn in the same period.

BAHRI-

The National Shipping Company of Saudi Arabia (Bahri) reported a 17.6% y-o-y increase in net income to SAR 532.8 mn in 1Q 2025, according to a disclosure to Tadawul. Revenue fell 6.3% y-o-y to SAR 2.17 bn in the same period, pulled down by weaker performances by Bahri Chemicals, Bahri Oil, and Bahri Dry Bulk due to lower global shipping rates.

ACWA POWER-

Acwa Power’s bottom line increased 44% y-o-y to reach SAR 427 mn in 1Q 2025, pushed up by higher gross profit, operating profit, and deferred tax credit as well as lower impairment expenses, according to its investor report (pdf) issued on Thursday. The top line rose 57% y-o-y to SAR 1.97 bn, buoyed by higher development and construction management services, increased O&M revenue, and a rise in electricity sales.

Looking forward: The company is planning to advance green hydrogen investments and sustainable infrastructure in China and consolidate its market presence in Bahrain through acquisitions of power and desalination assets.

ELM-

Elm Company’s net income jumped 43.5% y-o-y to SAR 495 mn in 1Q 2025, fueled by lower operating expenses, a rise in other income and fair value gains, it said in a disclosure to Tadawul. Revenue increased 14.5% y-o-y to SAR 1.88 bn in the same period, steered by growth across its digital business (up 18.1%), professional services (up 48.4%), and business process outsourcing segments.

MEDGULF-

The Mediterranean and Gulf Ins. and Reins. Co. (MedGulf) saw its net income decrease 25.2% y-o-y to SAR 19.6 mn in 1Q 2025, weighed down by a 56.4% decline in the net income of ins. results caused by weaker performance in the motor and property & casualty lines, it said in a disclosure to Tadawul.

MEANWHILE- Ins. revenues increased by 20% y-o-y to SAR 1 bn, boosted by growth across the company’s business lines, particularly in medical business.

ARABIAN SHIELD INS.-

Arabian Shield Ins. posted a 73.1% y-o-y drop in net income to SAR 6.5 mn in 1Q 2025, brought down by rising ins. services, according to a disclosure to Tadawul. However, ins. revenues grew 15.5% y-o-y to SAR 451 mn thanks to a strong performance across the company’s main segments.

SAPTCO-

Saudi Public Transport Company’s (SAPTCO) net loss narrowed to SAR 20.1 mn in 1Q 2025, compated to SAR 48.6 mn in the same period last year, nourished by a 131.2% increase in gross profit and higher income from an associate company, according to a disclosure to Tadawul.

Revenue accompanied the positive trend, growing by 10.6% y-o-y to SAR 341.3 mn, pushed by a rise in public transport operations. The company’s accumulated losses reached SAR 352.4 mn, or 28.2% of its capital.

MESC-

Middle East Specialized Cables Co. (MESC) saw its net income contract by 26% y-o-y to SAR 19.2 mn in 1Q 2025, due to a pause in shipping related to Eid celebrations and rising S&M expenses, according to a disclosure to Tadawul. Revenue grew 16.4% y-o-y to SAR 339 mn in the same period, aided by a higher demand and stronger performance of distribution channels.

SAUDI RE-

Saudi Reins. Co. (Saudi Re) reported an 11.4% y-o-y increase in net income to SAR 35.4 mn in 1Q 2025, supported by a 28.2% rise in the net profit of reins. results and a 73.8% increase in net investment income, it said in a disclosure to Tadawul. Meanwhile, reins. revenues grew 56.3% y-o-y to SAR 323.4 mn.

QASSIM CEMENT-

Qassim Cement Company reported a 26.8% y-o-y expansion in net income to SAR 94.1 mn in 1Q 2025, fed by rising sales and lower S&M and G&A expenses, it said in a disclosure to Tadawul. Revenue followed the trend to clock a 54.1% y-o-y gain to SAR 302.7 mn, driven by an increase in sales volume and the full integration of the recently acquired Hail Cement Company.

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