AL OTHAIM MARKETS-

Abdullah Al Othaim Markets reported SAR 17.5 mn in 3Q 2025 net income, falling 74.7% y-o-y, according to a Tadawul disclosure. Revenues for the quarter stood at SAR 2.7 bn, up 5.8% y-o-y.

The decline in net profit margins came on the back of spending on promotional campaigns to boost market share and higher operating costs from new store openings, Al Othaim said in the disclosure. Operational profit fell to SAR 47 mn, down 42.8% y-o-y, while gross profit remained stable at SAR 565.15 mn.

The company posted net income of SAR 134.98 mn in 9M 2025, down 40% y-o-y. Revenue, however, rose 3.95% to SAR 8.38 bn, supported by new store openings and diversified sales channels.

The drop in Al Othaim’s 9M bottom line was partially offset by higher rental and financing income from the Dammam mall lease contract and improved results from the labor services segment via its subsidiary, Mueen for Human Resources.

Dividends: Al Othaim’s board approved a cash dividend of SAR 108 mn, equivalent to SAR 0.12 per share (12% of par value), payable on 15 December, the company said in a separate disclosure.

Outlook: The company expects continued revenue growth from diversified channels and selective store expansion, although profitability may remain under pressure due to promotional activities and costs associated with new branches.

MARAFIQ-

The Power and Water Utility Company for Jubail and Yanbu (Marafiq) saw its net income drop 24.4% y-o-y to SAR 170.7 mn in 3Q 2025, weighed down mainly by higher fuel costs and increased power and water purchases, it said in a disclosure to Tadawul yesterday. Revenue rose 7.8% y-o-y to a little over SAR 2 bn, supported by higher power, water, and gas sales, along with stronger performance from its subsidiary Tawreed.

Over the first nine months of the year, Marafiq’s net income edged up 2.9% y-o-y to SAR 398.2 mn, while revenue slipped 1.3% y-o-y to SAR 5.1 bn.

ALDAWAA MEDICAL SERVICES-

Aldawaa Medical Services saw its net income fall 8% y-o-y to SAR 69.1 mn in 3Q 2025, it said in a disclosure to Tadawul yesterday. The decline was mainly due to costs tied to retail expansion, multi-channel and loyalty campaigns, and strategic investments. However, revenue rose 4.2% y-o-y to SAR 1.7 bn during the same period, supported by strong sales across retail and other verticals.

On a 9M basis, the company’s bottom line inched down 2.1% y-o-y to SAR 260.8 mn, while its revenue grew 6.3% y-o-y to SAR 5.1 bn.

Dividends:Aldawaa’s board greenlit a SAR 53.6 mn dividend payout at SAR 0.63 per share for 2Q 2025, it said in a separate disclosure. The distribution date is set for 23 November.

BAWAN COMPANY-

Bawan Company saw its net income surge 123.2% y-o-y to SAR 52.3 mn in 3Q 2025, driven by the consolidation of its newly acquired oil and gas industries business and higher sales in the electrical and plastics sector, despite higher financial and operating costs, it said in a disclosure to Tadawul yesterday. Revenue jumped 59.5% y-o-y to SAR 1.1 bn.

On a 9M basis, Bawan’s net income surged 83.9% y-o-y to SAR 139.2 mn, while revenue rose 34.8% y-o-y to about SAR 3 bn.

GASCO-

National Gas and Industrialization Company (Gasco) reported a 33.8% y-o-y increase in net income to SAR 69.7 mn in 3Q 2025, it said in a disclosure to Tadawul yesterday. Revenue grew 10.3% y-o-y to SAR 795.4 mn, driven by an increase in gas sales due to higher prices and volumes, as well as stronger sales of empty cylinders.

Over the first nine months, Gasco’s net income edged down 1.6% y-o-y to SAR 185.6 mn, while revenue rose 14.6% y-o-y to SAR 2.4 bn.

ALMUNAJEM FOODS CO.-

Almunajem Foods’ net income declined 21.7% y-o-y to SAR 31.7 mn in 3Q 2025, pulled down by increased operating expenses, accompanied with lower share gains from Balady Poultry Company, it said in a Tadawul disclosure yesterday. Meanwhile, revenue grew 2.2% y-o-y to SAR 816.1 mn during the quarter, buoyed by higher sales across all segments.

On a 9M basis, the company saw its bottom line shed 53% y-o-y to SAR 102.7 mn, while its top line inched down 0.5% y-o-y to SAR 2.5 bn.

CENOMI CENTERS-

Saudi retail real estate developer Cenomi Centers reported a net income of SAR 499.8 mn in 3Q 2025, reflecting a 52.3% y-o-y increase, according to a disclosure on Tadawul. Revenue decreased 6.1% y-o-y to SAR 551.3 mn.

On a 9M basis: The company’s net profit grew 37.97% y-o-y in the period ending 30 September 2025 to SAR 1.2 bn while revenues decreased 1.98% y-o-y to 1.7 bn.

The Saudi retail sector is expected to record an annual growth of over 5% until 2030, CEO Alison Rehill Erguven told Asharq Business (watch, runtime: 10:21) yesterday. From now and until 2028, the Saudi market is expected to need 3.5 mn sqm of new retail space, which the company will capitalize on, according to its estimates.

SAL SAUDI LOGISTICS-

SAL Saudi Logistics’s net income rose 16.3% y-o-y to SAR 180.9 mn in 3Q 2025, it said in a disclosure to Tadawul yesterday. Meanwhile, revenue grew 14.7% y-o-y to SAR 421.2 mn. The growth is attributed to a 13.1% rise in ground handling and a 28.1% increase in the logistics segment.

On a 9M basis, the company’s net income slipped 4.5% y-o-y to SAR 496.2 mn, while revenue declined 2.1% y-o-y to SAR 1.2 bn.

Dividends:SAL’s board approved a SAR 136 mn dividend payout for 3Q 2025 at SAR 1.70 per share, with distribution date set for Monday, 1 December, it said in a separate disclosure.

SPECIALIZED MEDICAL CO.-

Specialized Medical Company (SMC Healthcare) reported a net income of SAR 66.2 mn in 3Q 2025, up 12.4% y-o-y, it said in a filing to the bourse yesterday. Meanwhile, revenue edged down 2.2% y-o-y to SAR 382.7 mn during the quarter, weighed down by higher contractual obligations.

On a 9M basis, SMC posted SAR 132.2 mn in net income, down 16.9% y-o-y from the same period last year. Meanwhile, revenue edged up 1.9% y-o-y to SAR 1.1 bn.

ALSO- SMC’s board recommended the distribution of SAR 200 mn as a special one-time dividend at SAR 0.8 a piece, it said in a separate disclosure. The distribution date is yet to be determined.

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