Saudi Arabia .. Edis shares make the largest daily gains in 16 months

Addis Holding Company, which is included in the Saudi market, “Tadawul”, increased by 9.97% during trading on Tuesday, to trade at the price of 14.45 riyals per share, achieving the largest daily gains in 16 months.

14.08 million shares of Addis Holding Company were traded at that time, with a trading value of 197.95 million riyals.

The highest price for the share at that time was at 14.45 riyals, while the lowest price was at 13.18 riyals per share, making it the largest daily gain for a year, 4 months and 25 days.

Addis Holding Company announced a decline in its net profit during the second quarter of 2025 by 5.17% on an annual basis, as the net profit reached 191.68 million riyals, compared to 202.12 million riyals in the same period of 2024.

The company attributed this decline to the high rates of depreciation expenses and benefits compared to revenues, as a result of the expansion of the fleet of the excavators and the operation of a number of new excavators during the quarter.

Despite the decline in profits, the company recorded a growth in revenue by 3.5% during the second quarter of this year, to reach 1.58 billion riyals, compared to 1.53 billion riyals in the same quarter of the previous year.

In terms of semi -annual performance, the company’s results showed a slight decline in net profits by 3.6% during the first half of the year 2025, when it recorded 388.36 million riyals, compared to 402.97 million riyals during the same period of 2024.