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Gas Arabian Services Co. announces its Interim Financial results for the Period Ending on 2025-06-30 ( Six Months )
4146
GAS
-2.21
%
1447/02/10 04/08/2025 09:33:21
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 319,787,900 | 268,413,302 | 19.14 | 321,718,403 | -0.6 |
| Gross Profit (Loss) | 62,288,742 | 40,127,709 | 55.226 | 55,390,959 | 12.452 |
| Operational Profit (Loss) | 39,304,510 | 23,691,673 | 65.9 | 31,639,831 | 24.224 |
| Net profit (Loss) | 38,822,797 | 24,355,831 | 59.398 | 31,310,290 | 23.993 |
| Total Comprehensive Income | 38,822,797 | 24,355,831 | 59.398 | 31,310,290 | 23.993 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 641,506,303 | 481,540,677 | 33.219 |
| Gross Profit (Loss) | 117,679,701 | 75,944,802 | 54.954 |
| Operational Profit (Loss) | 70,944,341 | 46,938,326 | 51.143 |
| Net profit (Loss) | 70,133,087 | 45,663,719 | 53.586 |
| Total Comprehensive Income | 70,133,087 | 45,663,719 | 53.586 |
| Total Shareholders Equity (after Deducting Minority Equity) | 438,352,541 | 359,021,885 | 22.096 |
| Profit (Loss) per Share | 0.4439 | 0.2898 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | The company has achieved 19% growth in total revenue i.e. rising from SAR 268 million in Q2 2024 to SAR 320 million in Q2 2025. This growth were driven by successful execution of orders. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The main reasons for the increase in net profit from SAR 24.4 million in Q2 2024 to SAR 38.8 million in Q2 2025 is due to growth in revenue and saving in cost of revenue. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The company revenue has nominal decline by 0.6% i.e. from SAR 322 million in Q1 2025 to SAR 320 million in Q2 2025 due to slight decline in technical services segment revenue. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The main reasons for the increase in net profit from SAR 31.3 million in Q1 2025 to SAR 38.8 million in Q2 2025 is due to growth in revenue and saving in cost of revenue. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | The company has achieved 33.2% growth in total revenue i.e. rising from SAR 481.5 million in first half of 2024 to SAR 641.5 million in first half of 2025. This growth reveals the company's strong performance across all its business segments. This growth and stability were driven by enhanced supply orders. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The main reasons for the increase in net profit by 53.6% from SAR 45.7 million in first half of 2024 to SAR 70.1 million in first half of 2025 is due to growth in revenue and followed by saving in operating expenses. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | None |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified in order to conform with the presentation for the current period. |
| Additional Information | - |
| Attached Documents |  |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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