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BinDawood
BinDawood Holding reported a 3.6% y-o-y increase in net income to SAR 113.6 mn for 4Q 2025, while revenue grew 17.1% y-o-y to SAR 1.67 bn, according to a disclosure to Tadawul (pdf). Operating income for the quarter also saw double-digit growth, rising 15.4% y-o-y to SAR 146.9 mn.
The quarterly growth was largely underpinned by high-margin contributions from the newly integrated retail pharmacy vertical and a 13.7% y-o-y increase in gross income. Profitability was also supported by improved commercial terms in the core grocery division and stronger performance from the Ykone technology segment. Improved operating leverage also supported results, with the OPEX-to-revenue ratio declining to 26.2% during the quarter.
In 2025, BinDawood saw a 3.6% y-o-y decline in net incometo SAR 270.0 mn, despite revenue rising 11.8% y-o-y to SAR 6.3 bn. The dip was mainly due to higher finance costs tied to a bank loan for the Zahrat Al Rawdah acquisition, along with lower finance income as surplus cash was deployed toward M&A. Part of its liquidity surplus is being directed toward debt repayment to strengthen the balance sheet.
Looking ahead, BinDawood is focusing on regional growth and vertical integration. The group entered Qatar with its first store in February 2026 and expects to consolidate its majority stake in UAE-based Wonder Bakery in 1H 2026.
Al Babtain Power and Telecom
Al Babtain Power and Telecom’s net income jumped 70.5% y-o-y to SAR 453 mn in 2025, supported by lower operating and financing costs, it said in a disclosure to Tadawul. Its top line rose 1.6% y-o-y to SAR 2.9 bn during the year, driven by higher sales volumes and the acquisition of new projects.
Saudi Cement
Saudi Cement reported a 13.8% y-o-y drop in net income to SAR 363.7 mn in 2025, weighed down by lower average selling prices, reduced other income, a drop in associate earnings, and higher zakat expenses, according to a Tadawul disclosure. Meanwhile, revenue edged down 0.3% y-o-y to SAR 1.7 bn, despite an increase in sales volumes.
Saudi Arabian Cooperative Ins.
Saudi Arabian Cooperative Ins.’ net income fell 55% y-o-y to SAR 22.2 mn in 2025, due to a 66% decline in net ins. services results and an 18% drop in investment income, according to a Tadawul disclosure. Meanwhile, ins. revenues rose 7.1% y-o-y to SAR 1.2 bn during the year, supported by growth in its motor, property and casualty, and protection lines.
Arabia Ins. Cooperative
Arabia Ins. Cooperative Co. swung to a net loss of SAR 45.2 mn in 2025, down from a net income of SAR 30.1 mn in 2024, it said in a disclosure to Tadawul. The decline reflected weaker ins. services and investment income results. Meanwhile, ins. revenues rose 22.5% y-o-y to SAR 851.1 mn, driven by growth in its motor and engineering segments.
