{"id":97612,"date":"2025-06-02T00:00:00","date_gmt":"2025-06-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/06\/02\/saudi-listed-companies-earnings-slightly-inch-down-in-1q-2025\/"},"modified":"2025-06-02T00:00:00","modified_gmt":"2025-06-02T00:00:00","slug":"saudi-listed-companies-earnings-slightly-inch-down-in-1q-2025","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/06\/02\/saudi-listed-companies-earnings-slightly-inch-down-in-1q-2025\/","title":{"rendered":"Saudi-listed companies' earnings slightly inch down in 1Q 2025"},"content":{"rendered":"

<\/strong>S<\/strong>audi-listed <\/strong>companies <\/strong>reported a 0.5% y-o-y fall in aggregate net income <\/strong>in 1Q 2025 <\/strong>to USD <\/strong>36.2 bn<\/strong>, down from USD 36.4 bn, according to Kamco\u2019s GCC Corporate Earnings Report (pdf)<\/a>. The dip was attributed to weaker performances across the energy, ins., and food & staples retailing sectors, which offset gains by the banking, real estate, and telecom sectors.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

The energy sector continues to make the largest contribution with a<\/strong> net income of USD <\/strong>25.6 bn in 1Q 2025<\/strong>, down from USD 27.4 bn in the same quarter last year. The decline was led by Aramco<\/a>, whose earnings dropped 7.2% y-o-y due to lower revenues and other incomes, as well as higher operating costs. In contrast, the National Shipping Company of Saudi Arabia (Bahri)<\/a> saw a 17.6% y-o-y rise in net income to USD 142 mn, driven by higher contributions from equity-accounted investees, offsetting a 6.3% drop in revenue from its oil and chemical segments.<\/p>\n

The banking sector made the second largest contribution<\/strong>, reporting a USD 5.9 bn net income in 1Q 2025, up 19.4% y-o-y. All listed banks reported growth, including Al Rajhi Bank<\/a>, whose income rose 33.3% y-o-y to USD 1.6 bn, driven by a 25.7% increase in net financing and investment income. During the same period, Saudi National Bank<\/a> posted a 19.4% y-o-y increase in net income to USD 1.6 bn, while Riyad Bank<\/a> reported a 19.9% y-o-y rise to USD 662.5 mn, and Banque Saudi Fransi recorded a 16.3% y-o-y gain to USD 356.5 mn.<\/p>\n

The telecommunications sector came in third, raking in a net income of USD 1.2 bn in 1Q <\/strong>2025<\/strong>, up from USD 1.1 bn in the same period last year. The increase was driven by stc<\/a> recording a net income rise of 11.0% y-o-y to USD 972.4 mn, and Mobily<\/a> reporting a 20.2% y-o-y increase to USD 204.3 mn.<\/p>\n

\n

THE REGIONAL PICTURE-<\/p>\n

GCC-listed companies saw aggregate earnings rise 2.0% y-o-y to USD 58.6 bn in 1Q 2025<\/strong>, driven by continued strength in banking, telecoms, and real estate, according to the GCC earnings report (pdf)<\/a>. Banking sector earnings hit USD 16 bn (+10% y-o-y) \u2014 a record high \u2014 led by strong growth in Saudi Arabia, Abu Dhabi, and Bahrain.<\/p>\n

Telecoms were the breakout sector,<\/strong> with earnings up 45.3% y-o-y to USD 3.5 bn, thanks to Emirates Telecom, STC, and Zain Group. Real estate followed with a 55.5% y-o-y gain to USD 2.9 bn, bolstered by strong contributions from UAE and Saudi developers.<\/p>\n

Still, the energy sector remained a drag<\/strong>, with earnings falling 5.7% y-o-y to USD 28.3 bn amid weaker oil prices and a 7.5% decline in Saudi Aramco\u2019s earnings. Stripping out Aramco, GCC earnings rose 10.7%, underscoring the resilience of the region\u2019s non-oil economy.<\/p>\n","protected":false},"excerpt":{"rendered":"

Despite the slip, key sectors (banking, real estate, and telecom) stayed in the black<\/p>\n","protected":false},"author":1,"featured_media":97613,"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-97612","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":"71e2c220-1976-445f-a95d-3ff2f9b54d03","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/256.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Saudi-listed companies' earnings inch down 0.5% y-o-y in 1Q 2025","related_issue":[97600],"teaser":"Despite the slip, key sectors (banking, real estate, and telecom) stayed in the black","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/6\/.ea10d253-c307-4b61-ac91-4885558d0286.mp3"},"yoast_head":"\nSaudi-listed companies' earnings slightly inch down in 1Q 2025 - 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