Rawasi Albina Posts SAR 23.89M Net Profit in 2025
Rawasi Al Bina Investment Co. (Ticker: 9547) announced its annual financial results for the year ended December 31, 2025, with a net profit of SAR 23.89 million, a 220.35% increase year-over-year. This came despite a 2.73% decline in revenue to SAR 129.26 million and a 60% increase in financing costs.
Key Numbers
Rawasi Al Bina Investment Co. (Ticker: 9547) announced its annual financial results for the year ended December 31, 2025, reporting a net profit of SAR 23.89 million, a 220.35% increase compared to the previous year. This was achieved despite a 2.73% decline in revenue to SAR 129.26 million and a 60% rise in financing costs.
Key Financial Results
| Metric | 2025 | 2024 | Change |
|---|---|---|---|
| Revenue | SAR 129.26M | SAR 132.89M | -2.73% |
| Gross Profit | SAR 12.97M | SAR 32.01M | -59.46% |
| Net Profit | SAR 23.89M | SAR 7.46M | +220.35% |
| Operating Profit | SAR 4.15M | SAR 21.74M | -80.91% |
| EPS | SAR -0.43 | SAR 0.14 | N/A |
| Total Equity | SAR 120.63M | SAR 144.98M | -16.8% |
Highlights from the Statement
The company attributed the decline in gross profit to a 17% increase in cost of revenues, a 26% rise in general and administrative expenses due to non-recurring items, and higher expected credit losses on trade receivables and contract assets. Additionally, the company expanded into new complementary sectors by acquiring a company operating in real estate and industrial investment, in line with its 2025 strategy to diversify its customer base, which also increased capital expenditures.
Future Guidance
No specific forward guidance was provided in this announcement.
Impact on the Stock
No immediate stock price reaction was reported. The last closing price was SAR 8.50.
What This Means for Investors
Despite the sharp increase in net profit, the decline in revenue, gross profit, and operating profit, along with negative EPS, suggests that net profit was boosted by non-operating items. Investors should review the full financial statements to understand the sources and sustainability of earnings.
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