{"id":100205,"date":"2025-09-02T00:00:00","date_gmt":"2025-09-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/09\/02\/earnings-took-a-dip-in-the-second-quarter\/"},"modified":"2025-09-02T00:00:00","modified_gmt":"2025-09-02T00:00:00","slug":"earnings-took-a-dip-in-the-second-quarter","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/09\/02\/earnings-took-a-dip-in-the-second-quarter\/","title":{"rendered":"Earnings took a dip in the second quarter"},"content":{"rendered":"

<\/strong>Listed companie<\/strong>s in the Kingdom saw their aggregate net income fall <\/strong>16.2% y-o-y in 2Q 2025 to SAR 123.6 bn<\/strong>, compared to SAR 147.6 bn, according to Kamco Invest\u2019s latest Tadawul Corporate Earnings Report (pdf)<\/a>. The decline was driven by weak performance in the energy, basic materials, and transportation sectors, which was partially offset by strong earnings from banking, real estate, and telecom.<\/p>\n

The banking sector led the growth<\/strong>, contributing SAR 23 bn in net income during 2Q 2025, up 17.7% y-o-y. All banks had their quarterly results in the black, with Al Rajhi Bank<\/a> yielding the highest net income at SAR 6.2 bn, up 30.9% y-o-y. Meanwhile, Saudi National Bank<\/a> saw its net income increase 17.3% y-o-y to SAR 6.1 bn, Riyad Bank<\/a> posted an 11.1% y-o-y increase in net income to SAR 2.6 bn, and Banque Saudi Fransi<\/a> reported a 24.3% y-o-y jump in net income to SAR 1.4 bn.<\/p>\n

The telecom sector came second<\/strong> with SAR 4.8 bn in net income during the period, marking a 17.6% y-o-y growth. The increase was mainly driven by STC<\/a> posting a 15.7% y-o-y rise in net income to SAR 3.8 bn and Mobily<\/a> logging a 25.5% y-o-y increase in net income to SAR 830 mn.<\/p>\n

The utilities sector recorded strong performance<\/strong> in 2Q 2025<\/strong>, led by Saudi Electricity<\/a>Company<\/a>, which saw its net income increase 41.7% to SAR 3.1 bn. The gains were partially offset, however, by Acwa Power<\/a> posting a 23.6% decline in net income to SAR 481.8 mn.<\/p>\n

MEANWHILE-<\/strong> The energy sector trailed behind with a 19.9% y-o-y dip in net income to SAR 84.9 bn in 2Q 2025, compared to SAR 106.1 bn. Saudi Aramco<\/a> pulled down the sector, as its net income slipped 19.3% y-o-y to SAR 85.6 bn during the quarter due to lower revenues from lower oil prices. Bahri<\/a> \u2019s net income also dropped 44% y-o-y to USD SAR 407.5 mn.<\/p>\n

1H zoom-in:<\/strong> During the first six months of the year, combined income from Saudi Arabia-listed companies slipped 8.6% y-o-y to SAR 259.9 bn. The drop primarily came on the back of a 13.5% y-o-y decline in the energy sector\u2019s net income to SAR 180.8 bn, followed by the basic materials sector, whose aggregate net income shed 76.5% y-o-y to SAR 1.9 bn. While sectors like transportation, ins., and diversified financials also pulled down the aggregate income for the period, strong performance in sectors like banking, real estate, and telecom partially offset this decline.<\/p>\n

\n

THE REGIONAL PICTURE-<\/p>\n

GCC earnings under pressure: <\/strong>Aggregate net income for GCC-listed firms fell 8.7% y-o-y to USD 56.7 bn in 2Q 2025, according to the GCC Corporate Earnings Report (pdf)<\/a>. Softer oil and petrochemical prices were the main drag, with lower Brent crude prices resulting in energy earnings falling 18% y-o-y to USD 25.5 bn. 1H 2025 earnings across the GCC slipped a milder 3.4% y-o-y to USD 115.4 bn. <\/p>\n

The main offset came from banking<\/strong>, where net income hit a record USD 16.6 bn, up 10.3% y-o-y. Gains were broad-based across six of seven exchanges, lifted by higher net interest (+6.9%) and non-interest income (+25%), which outweighed a 42% rise in impairments.<\/p>\n

Abu Dhabi outpaced Dubai in 2Q earnings: <\/strong>Abu Dhabi-listed companies posted an 18.3% y-o-y rise in net income to USD 10.3 bn in 2Q 2025, while Dubai-listed firms saw their bottom line fall 5.7% y-o-y to USD 6.5 bn. This makes Abu Dhabi the region\u2019s best performer during the quarter in absolute terms.<\/p>\n","protected":false},"excerpt":{"rendered":"

Strong earnings from banking, real estate, and telecom helped cushion the decline<\/p>\n","protected":false},"author":1,"featured_media":100206,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2607],"tags":[19,285,2425,10,680],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-100205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-banking","tag-earnings-watch","tag-energy","tag-enterpriseam-ksa","tag-telecoms","wpautop","entry"],"acf":{"mongo_id":"245d99ec-0f2c-4ab3-ad27-b2df0da4d968","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/816.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Listed companies\u2019 earnings dip 16.1% y-o-y in 2Q 2025 to USD 33 bn","related_issue":[100195],"teaser":"Strong earnings from banking, real estate, and telecom helped cushion the decline","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/9\/.2de87528-4650-4fc4-8b6e-559ac386901f.mp3"},"yoast_head":"\nEarnings took a dip in the second quarter - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2025\/09\/02\/earnings-took-a-dip-in-the-second-quarter\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Earnings took a dip in the second quarter\" \/>\n<meta property=\"og:description\" content=\"Strong earnings from banking, real estate, and telecom helped cushion the decline\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2025\/09\/02\/earnings-took-a-dip-in-the-second-quarter\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-02T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/816.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/09\/02\/earnings-took-a-dip-in-the-second-quarter\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/09\/02\/earnings-took-a-dip-in-the-second-quarter\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Earnings took a dip in the second quarter\",\"datePublished\":\"2025-09-02T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/09\/02\/earnings-took-a-dip-in-the-second-quarter\/\"},\"wordCount\":531,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/09\/02\/earnings-took-a-dip-in-the-second-quarter\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/816.jpg?fit=%2C&ssl=1\",\"keywords\":[\"BANKING\",\"EARNINGS WATCH\",\"ENERGY\",\"EnterpriseAM KSA\",\"telecoms\"],\"articleSection\":[\"EARNINGS WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/09\/02\/earnings-took-a-dip-in-the-second-quarter\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2025\/09\/02\/earnings-took-a-dip-in-the-second-quarter\/\",\"name\":\"Earnings took a dip in the second quarter - KSA\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/09\/02\/earnings-took-a-dip-in-the-second-quarter\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/09\/02\/earnings-took-a-dip-in-the-second-quarter\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/816.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2025-09-02T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/09\/02\/earnings-took-a-dip-in-the-second-quarter\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/ksa\/2025\/09\/02\/earnings-took-a-dip-in-the-second-quarter\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/09\/02\/earnings-took-a-dip-in-the-second-quarter\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/816.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/816.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/09\/02\/earnings-took-a-dip-in-the-second-quarter\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/ksa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Earnings took a dip in the second quarter\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"name\":\"KSA\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\",\"name\":\"KSA\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42482.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42482.svg\",\"caption\":\"KSA\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Earnings took a dip in the second quarter - KSA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/ksa\/2025\/09\/02\/earnings-took-a-dip-in-the-second-quarter\/","og_locale":"en_US","og_type":"article","og_title":"Earnings took a dip in the second quarter","og_description":"Strong earnings from banking, real estate, and telecom helped cushion the decline","og_url":"https:\/\/enterpriseam.com\/ksa\/2025\/09\/02\/earnings-took-a-dip-in-the-second-quarter\/","og_site_name":"KSA","article_published_time":"2025-09-02T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2025\/3\/816.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/ksa\/2025\/09\/02\/earnings-took-a-dip-in-the-second-quarter\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/09\/02\/earnings-took-a-dip-in-the-second-quarter\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Earnings took a dip in the second quarter","datePublished":"2025-09-02T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/09\/02\/earnings-took-a-dip-in-the-second-quarter\/"},"wordCount":531,"publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/09\/02\/earnings-took-a-dip-in-the-second-quarter\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/3\/816.jpg?fit=%2C&ssl=1","keywords":["BANKING","EARNINGS WATCH","ENERGY","EnterpriseAM KSA","telecoms"],"articleSection":["EARNINGS WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/ksa\/2025\/09\/02\/earnings-took-a-dip-in-the-second-quarter\/","url":"https:\/\/enterpriseam.com\/ksa\/2025\/09\/02\/earnings-took-a-dip-in-the-second-quarter\/","name":"Earnings took a dip in the second quarter - KSA","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/09\/02\/earnings-took-a-dip-in-the-second-quarter\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/09\/02\/earnings-took-a-dip-in-the-second-quarter\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/3\/816.jpg?fit=%2C&ssl=1","datePublished":"2025-09-02T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/09\/02\/earnings-took-a-dip-in-the-second-quarter\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/ksa\/2025\/09\/02\/earnings-took-a-dip-in-the-second-quarter\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/2025\/09\/02\/earnings-took-a-dip-in-the-second-quarter\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2025\/3\/816.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/3\/816.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/ksa\/2025\/09\/02\/earnings-took-a-dip-in-the-second-quarter\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/ksa\/"},{"@type":"ListItem","position":2,"name":"Earnings took a dip in the second quarter"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/ksa\/#website","url":"https:\/\/enterpriseam.com\/ksa\/","name":"KSA","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/ksa\/#organization","name":"KSA","url":"https:\/\/enterpriseam.com\/ksa\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42482.svg","contentUrl":"https:\/\/ent.news\/internal\/42482.svg","caption":"KSA"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2025\/3\/816.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2025\/3\/816.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2025\/3\/816.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/100205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/comments?post=100205"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/100205\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/issue\/100195"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media\/100206"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media?parent=100205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/categories?post=100205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/tags?post=100205"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/brand?post=100205"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=100205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}