East Pipes posts SAR 573.3 mn in net income for FY 2025/26

East Pipes Integrated’s net income rose 50% y-o-y to SAR 573.3 mn for FY 2025/26 ending 31 March, according to a Tadawul disclosure. Revenue climbed by 25.4% y-o-y to SAR 2.3 bn during the same period.

Behind the growth: The company attributed its performance to higher sales and multiple contracts signed across the water and O&G segments, along with a higher selling price per ton, according to a press release (pdf). Higher interest from time deposits and lower financing costs also helped boost results.

Dividends: The company approved the distribution of SAR 126 mn for 2H at SAR 4 apiece, according to a separate disclosure. The distribution date is set for 8 June.