“Marafiq” profits jump 2520.6% to 449.7 million riyals in 2025
The profits of the Electricity and Water Utilities Company in Jubail and Yanbu in 2025 jumped by 2520.6% to 449.7 million riyals, compared to 17.15 million riyals in 2024.
According to the company’s statement on the website "Saudi Arabia trading"The increase in net profit is mainly due to:
• Increased revenues of Tawreed Company (a wholly owned subsidiary) by 13.61%, amounting to 350.50 million riyals.
• Water and gas revenues increased by 4.08%, amounting to 107.71 million riyals. Sales in the energy sector increased by 10.54%, equivalent to 58.34 million riyals. This increase was limited by the registration of a non-recurring adjustment related to the tariff for heavy electricity consumption, amounting to 475.50 million riyals.
• A decrease in financing costs by 9.73%, amounting to 101.52 million riyals.
• Other operating income increased by 18.86%, amounting to 41.95 million riyals.
• Recording an allowance for losses in receivables amounting to 496.20 million riyals in the previous year related to the tariff for heavy electricity consumption. (For more on non-recurring adjustment see additional information)
Limit the increase in net profit:
• Increase in fuel costs used in production operations by 27.28%, amounting to 515.71 million riyals.
• Increased energy and water purchase costs by 17.31%, amounting to 151.03 million riyals.
• Electricity transmission fees increased by 48.91%, amounting to 18.80 million riyals.
Dividend distribution
The Board of Directors of the Jubail and Yanbu Electricity and Water Utilities Company (Marafiq) decided today to distribute cash dividends to shareholders for the second half of the year 2025.
The company said: The total amount distributed is 450 million riyals, while the number of shares entitled to dividends is: 250 million shares.
It added that the share of the distribution is 1.80 riyals, while the distribution ratio to the nominal share value is 18%.
The eligibility date will be next March 10, while the distribution date will be the 31st of the same month.
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