Saudi Electricity’s quarterly profits decreased by 22.7% to 5.3 billion riyals

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Saudi Electricity’s quarterly profits decreased by 22.7% to 5.3 billion riyals

Saudi Electricity Company profits declined "Saudi Electricity" In the third quarter of 2025, by 22.7% to 5.3 billion riyals, compared to 6.8 billion riyals in the same quarter of last year.

According to the company’s statement on the website "Saudi Arabia trading"The decrease in net profit during the current quarter compared to the same quarter of the previous year is mainly due to:

1) An increase in operating and maintenance costs as a result of business growth and an increase in operating assets.

2) An increase in net financing burdens as a result of obtaining additional financing during the current quarter to finance the company’s capital projects and enhance the growth of its business.

The above was partially offset by:

1) An increase in required revenue recognized during the current quarter as a result of the growth of the network’s asset base. Electricity, in addition to an increase in electrical energy production revenues to meet the growth in demand and the continued growth of the subscriber base.

2) Decrease in the allowance for receivables expense.

The increase in net profit during the current quarter compared to the previous quarter is mainly due to an increase in operating revenues.

According to the statement, the decrease in net profit during the current period (9 months), compared to the similar period of the previous year is mainly due to:

1) An increase in operating and maintenance expenses as a result of business growth and an increase in assets. Operational.

2) Increase in the provision for receivables for electricity consumers. 3

) An increase in net financing charges as a result of obtaining new financing to finance the expansion of the company’s capital expenditures and enhancing the growth of its business.

4) A decrease in other revenues as a result of the similar period of the previous year being affected by a non-recurring item due to a settlement with one of the suppliers.

The above was partially offset by:

1) An increase in the required revenue recognized during the current period as a result of the growth of the asset base organized for the electrical grid.

2) An increase in energy production revenues. Electricity and continued growth in demand.