Arabian Pipes 2024 profit jumps 27% to SAR 168.2M; Q4 at SAR 12.5M

27/02/2025 Argaam Exclusive

Arabian Pipes Co. (APC) reported to a net profit rise of 27% to SAR 168.2 million in 2024, up from SAR 132.1 million a year earlier.



Financials (M)

Item 2023 2024 Change‬
Revenues 1,089.13 1,138.27 4.5 %
Gross Income 237.27 283.19 19.4 %
Operating Income 180.86 233.49 29.1 %
Net Income 132.11 168.18 27.3 %
Average Shares 150.00 150.00 -
Earnings Per Share before unusual items (Riyals) 0.95 1.14 20.2 %
EPS (Riyals) 0.88 1.12 27.3 %

The annual net profit was driven by a 4.5% year-on-year (YoY) rise in revenue to SAR 1.13 billion, thanks to improved sales volumes and new project awards to support the company’s production levels.

 

Gross profit jumped 19.35% YoY to SAR 283.19 million on rising sales volumes due to effective production and supply processes in 2024.



Current Quarter Comparison (M)

Compared With The
Item Q4 2023 Q4 2024 Change‬
Revenues 322.05 167.99 (47.8 %)
Gross Income 78.08 38.94 (50.1 %)
Operating Income 62.38 39.33 (36.9 %)
Net Income 38.42 12.46 (67.6 %)
Average Shares 150.00 150.00 -
Earnings Per Share before unusual items (Riyals) 0.26 0.08 (67.6 %)
EPS (Riyals) 0.26 0.08 (67.6 %)

The fourth-quarter net earnings plunged 68% to SAR 12.5 million, from SAR 38.4 million in Q4 2023.


On a sequential basis, net earnings fell by 71.6% from SAR 43.8 million in Q3 2024.


Shareholders’ equity, no minority interest, rose to SAR 401.32 million as of Dec. 31, 2024, from SAR 233.12 million a year earlier.

 

Attached Documents

 

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Share Price

Arabian Pipes Co.
11.64
(0.30) (2.51 %)

Arabian Pipes Co. (APC)

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Financial Ratios
Current
Market Cap (M Riyal) 1,746.00
Enterprise Value (EV) (M) 2,054.65
Shares Outstanding ((M)) 150.00
EPS ( Riyal) (TTM) 1.12
Book Value (BV) ( Riyal) 2.68
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) 10.21
P/E (TTM) 10.38
Price/book 4.35
Return on Average Assets (%) (TTM) 18.3
Return on Average Equity (%) (TTM) 25.7
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