Saudi Tubes’ profits rose to 52 million riyals in the first quarter
The profits of the Saudi Steel Pipe Company increased "Saudi pipes" In the first quarter of 2026, by 4%, to 52 million riyals, compared to 50 million riyals in the same quarter of last year.
According to the company’s statement on the website "Saudi Arabia trading"Net profit increased as a result of:
1) A decrease in selling, marketing and distribution expenses in the first quarter of 2026 compared to the same quarter of last year, which is mainly due to recording non-recurring costs in the first quarter of 2025.
2) A decrease in financing expenses in the first quarter of 2026 compared to the same first quarter of last year, which is mainly due to a decrease in loans.
In contrast to the positive changes above, were the negative changes. The following:
3) Decrease in other income in the first quarter of 2026 compared to the same quarter of last year.
4) Increase in zakat and income tax expense in the first quarter of 2026 compared to the same quarter of last year.
(EBITDA) represents earnings before interest, taxes, depreciation, and amortization.
Saudi Pipes recorded a positive EBITDA of 109 million riyals in the first quarter of 2026, compared to 101 million riyals in the first quarter of 2025.
As a result of the increase in working capital related to operational activities as well as capital spending, Saudi Pipelines recorded a positive free cash flow of 1 million riyals in the first quarter of 2026, compared to a positive free cash flow of 210 million riyals in the first quarter of 2025.
Net debt decreased to (29) million riyals in The end of the first quarter of 2026 from (155) million riyals at the end of the same quarter of last year.
The net profit attributable to the company’s shareholders increased to 52 million riyals for the first quarter of 2026 compared to 44 million riyals for the fourth quarter of 2025, for the following main reasons:
1) The increase in gross profit in the first quarter of 2026 compared to the fourth quarter of 2025, which is mainly due to an improvement in Sales mix.
2) Decrease in financing expenses in the first quarter of 2026 AD compared to the fourth quarter of 2025 AD as a result of a decrease in loans.
(EBITDA) represents earnings before interest, taxes, depreciation, and amortization.
Saudi Pipe recorded a positive EBITDA of 109 million riyals in the first quarter of 2026 AD, compared to 99 million riyals in the fourth quarter. 2025 AD.
As a result of the increase in working capital related to operational activities as well as capital spending, Saudi Pipelines recorded a positive free cash flow of 1 million riyals in the first quarter of 2026 AD, compared to a positive free cash flow of 188 million riyals in the fourth quarter of 2025 AD.
Net debt decreased to (29) million riyals at the end of the first quarter 2026 AD from (34) million riyals at the end of the fourth quarter. 2025 AD.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
