SAUDI ELECTRICITY COMPANY-

Saudi Electricity Company posted a 7.9% y-o-y increase in net income to SAR 968 mn in 1Q 2025, supported by higher electricity production revenue and continued growth in demand, according to a disclosure to Tadawul.

MEANWHILE- Revenue rose 22.9% y-o-y to SAR 19.5 bn during the quarter, mainly driven by an increase in the grid’s regulated asset base and higher income from project development and management services.

ALSO- The company’s board approved a dividend distribution of SAR 2.92 bn for FY 2024 at SAR 0.7 per share, according to a disclosure to Tadawul. The distribution date is set for 29 May.

BINDAWOOD HOLDING-

BinDawood Holding saw its net income rise 8.5% y-o-y to SAR 65.7 mn in 1Q 2025, according to a disclosure to Tadawul. The bottom line gain was partially offset by higher operating expenses, lower deposit income, and rising finance costs as BinDawood took on debt to finance its acquisition of Zahrat Al Rawdah Pharmacies.

Meanwhile, BinDawood’s revenue for the quarter rose 13.7% y-o-y to SAR 1.7 bn, buoyed by its retail grocery vertical, tech business, distribution business, and its pharmacy business, including the recently acquired Zahrat Al Rawdah. BinDawood’s retail grocery vertical saw sales growing on the back of “strong seasonal campaigns” as well as the opening of three new retail stores during the quarter and other stores that were opened in 2024.

BAWAN-

Bawan recorded a 25.2% y-o-y increase in net income to SAR 36.5 mn in1Q 2025, supported by the contribution of newly acquired oil and gas industries, as well as strong performances across the electrical, plastic, and metal and wood segments, according to a disclosure to Tadawul. Revenue also rose 3% y-o-y to SAR 910.2 mn on the back of new acquisitions and higher sales in the plastics segment.

ALKHORAYEF WATER AND POWER TECHNOLOGIES COMPANY-

Alkhorayef Water and Technologies Company saw its net income rise 35% y-o-y to SAR 58.2 mn in 1Q 2025, driven by strong top line growth and higher gross margin, according to a disclosure to Tadawul. Revenue grew 38.9% y-o-y to SAR 636.4 mn during the quarter, driven by strong performances in the wastewater and integrated water solutions segments.

JAHEZ INTERNATIONAL COMPANY-

Jahez International Company for Information System Technology posted a 184.7% y-o-y increase in net income to SAR 33.3 mn in 1Q 2025, buoyed by higher earnings in the Kuwaiti and Bahraini markets, gains across Saudi platforms, and improved logistics efficiencies, according to an earnings release (pdf). Net revenue rose 9.4% y-o-y to SAR 526 mn during the same period, driven by higher total orders, average order value, and advertising income.

SAMCO-

The Saudi Marketing Company (Samco) saw its net income scale back 16.5% y-o-y to SAR 5.7 mn in 1Q 2025, pushed down by an increase in non-operating expenses, according to a disclosure to Tadawul. Revenue saw a 1.5% y-o-y decline to SAR 469.7 mn during the same period due to lower revenues from Farm Superstores branches.

SAL SAUDI LOGISTICS SERVICES-

Sal Saudi Logistics Services saw its net income slide 26.6% y-o-y to SAR 153.1 mn in 1Q 2025 due to an increased provision for expected credit losses for the logistics division and lower cargo revenues, according to a disclosure to Tadawul. Revenue dipped 15.1% y-o-y to SAR 384.1 mn during the quarter, thanks to changes in product mix and volume normalization in the handling division, as well as timing differences in project activity in the logistics division.

Dividends: Sal Saudi Logistics Services’ board recommended a SAR 114.4 mn dividend payout for 1Q 2025 at SAR 1.43 per share, it said in a separate disclosure. The distribution date is yet to be announced.

BALADY POULTRY-

Balady Poultry reported an 83.6% y-o-y drop in net income to SAR 6.7 mn in 1Q 2025, it said in a disclosure to Tadawul. Revenue fell 12.6% y-o-y to SAR 204.1 mn over the same period. The fall was primarily due to a drop in selling prices and production volumes, as well as an increase in raw material costs and general, admin., sales, and marketing expenses.

RIYADH CEMENT COMPANY-

Riyadh Cement Company logged 7.9% y-o-y growth in net income to SAR 75.7 mn in 1Q 2025, pushed up by rising sales value despite higher fuel prices, it said in a disclosure to Tadawul. Revenues climbed 19.2% y-o-y to SAR 225.2 mn, aided by higher sales volume and average selling prices.

DERAYAH FINANCIAL COMPANY-

Derayah Financial Company reported a 21.9% y-o-y decline in net income to SAR 106.2 mn in 1Q 2025, weighed down by declining operating income, in addition to rising operating expenses, according to a disclosure to Tadawul. Meanwhile, unrealized losses on investments and lower performance fees in asset management pulled revenue down by 5.6% y-o-y to SAR 209.4 mn.

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