The increase in the profits of “Saudi Pipes” to 93 million riyals in the second quarter

The profits of the Saudi steel pipeline “Saudi pipes” increased in the second quarter of 2025 by 29.2% to 93 million riyals, compared to 72 million riyals in the same quarter of last year.
According to the company’s statement on Saudi Arabia’s trading, this is due to the following main reasons:
1) Registration of compensation of 54 million riyals in the second quarter 2025 AD resulting from the settlement agreement that was concluded with the three -plot sellers in the city of Dammam and which was purchased in 2010 (the treatment of land purchase), where according to the settlement the cancellation and nullification of the land purchase and the return of land sellers the purchase price paid by the Saudi pipelines, in addition to compensation for the damage, with a total amount of 211 million riyals Criticism compared to the total number of a notebook of 158 million riyals. The plots of the land concerned were not part of the company’s production facilities.
It was against the positive change above, the following negative changes:
2) The total profit decreased to 79 million riyals in the second quarter 2025 m from 105 million riyals in the second quarter 2024 m as a result of the decrease in the volume of sales and the sales mix.
3) The increase in sales, marketing and distribution expenses to 15 million riyals in the second quarter of 2025 m from 6 million riyals in the second quarter 2024 AD, which is mainly due to the registration of incomplete costs in the second quarter 2025 AD.
(EBITDA) is profits before benefits, taxes, consumption and extinguishing.
The Saudi pipelines, Ebitda, reached a positive amount of 72 million riyals in the second quarter 2025 AD, compared to 105 million riyals in the second quarter 2024 AD.
The Saudi pipelines recorded a free, positive cash flow of 1 million riyals (the total amount of land settlement received in cash) does not include a free, free cash flow of 17 million riyals in the second quarter 2024 AD.
Safi Al -Din decreased to 141 million riyals, as at the end of the second quarter 2025 m from 333 million riyals, as at the end of the second quarter 2024 AD, despite the total profits distributed in the second quarter 2025 m, which amounted to 200 million riyals
The company achieved a net profit of 93 million riyals in the second quarter 2025 m compared to a net profit of 69 million riyals in the first quarter of 2025 AD, for the following main reasons:
1) Registration of compensation from the settlement of lands at an amount of 54 million riyals in the second quarter 2025 AD.
It was against the positive change above, the following negative change:
2) The total profit decreased to 79 million riyals in the second quarter 2025 m from 109 million riyals in the first quarter of 2025 m, as a result of a decrease in the volume of sales and the sales mix.
(EBITDA) is profits before benefits, taxes, consumption and extinguishing.
The Saudi pipelines Ebitda recorded a positive amount of 72 million riyals in the second quarter 2025 m, compared to 101 million riyals in the first quarter of 2025 AD.
As a result of the rise in working capital as well as capital spending, the Saudi pipelines recorded a positive free cash flow of 1 million riyals in the second quarter of 2025 AD (the total amount of land settlement is not included in cash) compared to a free, positive cash flow of 210 million riyals in the first quarter of 2025 AD.
Safi al -Din decreased to 141 million riyals at the end of the second quarter 2025 m from 155 million riyals at the end of the first quarter of 2025 m, mainly due to the total amount received by land settlement, which was partially met by the total profits distributed in the second quarter of 2025.
The company achieved a net profit of 162 million riyals in the first half 2025 m compared to a net profit of 148 million riyals in the first half 2024 AD, for the following main reasons:
1) Registration of compensation from the settlement of lands at an amount of 54 million riyals in the first half of 2025 AD.
2) The height of the other income to 5 million riyals in the first half 2025 m from 2 million riyals in the first half 2024 m.
3) The decrease in financing expenses to 17 million riyals in the first half of 2025 m from 19 million riyals in the first half 2024, which is mainly due to the decrease in loans.
The following positive changes were the following negative changes:
1) The total profit decreased to 188 million riyals in the first half of 2025 m from 212 million riyals in the first half 2024 m as a result of a decrease in sales volume and the sales mix.
2) The increase in sales, marketing and distribution expenses to 36 million riyals in the first half of 2025 m from 12 million riyals in the first half of 2024 m, which is mainly due to the registration of incomplete costs in the first half 2025 m.
(EBITDA) is profits before benefits, taxes, consumption and extinguishing.
The Saudi pipelines Ebitda recorded 173 million riyals in the first half 2025 m, compared to 211 million riyals in the first half 2024 AD.
The result of the effective management of working capital, Saudi pipelines recorded a free, positive cash flow of 211 million riyals in the first half of 2025 m (the total amount of land settlement received cash) does not include a free and negative cash flow of (16) million riyals in the first half of 2024 AD.
Safi Al -Din decreased to 141 million riyals at the end of the first half 2025 m from 333 million riyals at the end of the first half 2024 AD, despite the total profits distributed in the first half of 2025 m, which amounted to 200 million riyals.