ZAMIL INDUSTRIAL INVESTMENT-

Zamil Industrial Investment’s net income rose 314.5% y-o-y to SAR 25.3 mn in 2Q 2025 on the back of a decline in financial costs, a SAR 1.5 mn gain from associates, and strong performance across the AC, steel, and insulation sectors, it said in a disclosure to Tadawul yesterday. Revenue rose 9.2% y-o-y to SAR 1.5 bn during the same period, driven by broad-based growth across key sectors, including 89% in insulation, 16% in AC, and 8% in steel.

On a 1H basis, the company’s bottom line rose 325.1% y-o-y to SAR 49 mn, while its top line grew 12.8% y-o-y to SAR 3 bn.

ALDAWAA MEDICAL SERVICES-

Aldawaa Medical Services saw its net income fall 9.7% y-o-y to SAR 86.6 mn in 2Q 2025 due to rising competition, expansions, and strategic infrastructure investments, it said in a disclosure to Tadawul yesterday. However, revenue rose 5.7% y-o-y to SAR 1.7 bn during the same period, supported by strong sales across retail and other verticals.

In the first half of the year, the company’s bottom line inched up 0.3% y-o-y to SAR 191.7 mn, while its revenue grew 7.4% y-o-y to SAR 3.4 bn.

Dividends: Aldawaa’s board greenlit a SAR 53.6 mn dividend payout at SAR 0.63 per share for 1Q 2025, it said in a separate disclosure. The distribution date is set for 25 August.

BUDGET SAUDI-

The United International Transportation (Budget Saudi) reported a 20.8% y-o-y rise in net income to SAR 85.6 mn in 2Q 2025, driven by improved operational efficiency and stronger revenues, it said in a disclosure to Tadawul yesterday. Revenue climbed 28.1% y-o-y to SAR 544.7 mn during the quarter amid growing rental and lease fleet and the consolidation of Autoworld.

On a 1H basis, the company’s bottom line rose 19.5% y-o-y to SAR 168.4 mn, while its top line grew 29.2% y-o-y to SAR 1.1 bn.

The company’s board of directors agreed to distribute SAR 39.1 mn in dividends for 1H 2025, equivalent to SAR 0.5 per share, according to a separate disclosure.

BINDAWOOD-

BinDawood Holding reported SAR 40.5 mn in 2Q 2025 net income, falling 32.7% y-o-y, according to a disclosure to Tadawul. The bottom line — which was also 23.2% lower q-o-q — was due to higher operating expenses, lower finance income, and higher finance costs from its acquisition of Zahrat Al Rawdah Pharmacies.

BinDawood’s revenue for the quarter rose 4% y-o-y to SAR 1.47 bn, supported by “distinctive performance” from its retail pharma segment following the acquisition of Zahrat Al Rawda, as well as growth in its distribution business and its tech segment.

On a six-month basis, net income came in at SAR 116.2 mn, down 14.3% y-o-y. BinDawood reported an 8.9% y-o-y increase in 1H 2025 revenues to SAR 3.15 bn.

LAZURDE-

Jewelry maker L’azurde posted a SAR 25.8 mn net loss in 2Q 2025, compared to net income of SAR 4 mn last year, mainly due to a SAR 13.6 mn credit loss provision and an SAR 8.5 mn salesmen misappropriation, it said in a disclosure to Tadawul. However, revenue rose 29% y-o-y to SAR 659.6 mn during the same period, driven by 10.2% growth in operating revenues and a 10.6% increase in retail channels, thanks to growing sales at existing and new stores in both the Kingdom and Egypt.

On a 1H basis, L’azurde reported a SAR 12.5 mn net loss, compared to SAR 32 mn in net income in the same period last year, while its revenue grew 32.4% y-o-y to SAR 1.4 bn.

JAHEZ-

Jahez International Company for Information System Technology reported a 21.9% y-o-y drop in its 2Q 2025 net income to SAR 23.6 mn, on the back of higher spend on marketing and promotion campaigns and lower EBITDA, according to a disclosure to Tadawul. The company’s revenues for the quarter inched up 4.8% y-o-y to SAR 567.1 mn, thanks to a higher average order value and growing advertising revenues.

Jahez’s 1H 2025 bottom line came in at SAR 58.9 mn, up 37.9% y-o-y, on revenues of SAR 1.1 bn, rising 7% y-o-y.

ALKHORAYEF WATER AND POWER TECHNOLOGIES-

Alkhorayef Waterand Power Technologies (AWPT) saw its net income drop 19.8% y-o-y in 2Q 2025 to SAR 61.7 mn on the back of a non-recurring success fee for one of its projects, it said in a disclosure to Tadawul yesterday. However, revenue rose 49% y-o-y to SAR 646 mn over the same period, pushed by a 208.9% jump in the wastewater segment, 13.1% growth in the water segment, and 2.7% growth from the integrated water solutions segment, all part of new projects.

On a 1H basis, AWPT’s net income slid 0.1% to SAR 119.8 mn, while its revenue grew 43.8% y-o-y to SAR 1.3 bn.

SAUDI MANPOWER SOLUTIONS-

Saudi Manpower Solutions (Smasco) saw its net income fall 17.6% y-o-y to SAR 29.5 mn in 2Q 2025, impacted by a SAR 5.9 mn impairment loss, a SAR 4.4 mn impairment provision, and a SAR 3.4 mn investment loss, along with higher operating expenses and lower revenues, it said in a disclosure to Tadawul yesterday. Meanwhile, revenue rose 7.8% y-o-y to SAR 513.8 mn, driven by 7.9% growth in the business sector and an 11.7% rise in the individuals sector, offsetting a 4.2% drop in other sectors that resulted from fluctuations in secondary services.

On a 1H basis, the company’s bottom line declined 5.4% y-o-y to SAR 70 mn, while its top line grew 6.1% y-o-y to SAR 1 bn.

SADR LOGISTICS-

Sadr Logistics’ net losses widened by some 94% y-o-y, recording SAR 7.3 mn in losses for 2Q 2025, according to a disclosure to Tadawul. The company’s top line surged 50.2% y-o-y, however, reaching around SAR 32 mn for the same period. Management attributes the revenue surge to higher returns in its steel, logistics, and wood sectors.

In 1H terms: Sadr’s net losses increased by 35.4% y-o-y in the six-month period, reaching SAR 7.2 mn in losses, whereas its revenues for the period climbed 24.2% y-o-y, reaching SAR 65.7 mn.

Why did income drop? The main reasons for the steep income drop were the creation of an additional SAR 5.9 mn provision for doubtful debts, a 10% rise in selling and marketing expenses, a 15% increase in general and administrative expenses, and a drop in investment income, according to the disclosure.

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