Bahri Reports SAR 513.36M Net Profit in Q3 2025
BAHRI 4030.SA | 36.00 | +3.39% |
On 2025-10-29 08:11:04 (Saudi Time), The National Shipping Company of Saudi Arabia (Bahri) announced its interim financial results for the nine months ended on September 30, 2025. For the period, the company recorded revenue of SAR 7,083.75 million (down 2.507% YoY) and a net profit of SAR 1,453.63 million.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 2,455.8 | 2,240.59 | 9.605 | 2,461.32 | -0.224 |
| Gross Profit (Loss) | 655.37 | 597.33 | 9.716 | 660.63 | -0.796 |
| Operational Profit (Loss) | 599.95 | 639.84 | -6.234 | 520.17 | 15.337 |
| Net profit (Loss) | 513.36 | 509.02 | 0.852 | 407.45 | 25.993 |
| Total Comprehensive Income | 518.38 | 487.04 | 6.434 | 378.55 | 36.938 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
Year-on-Year Performance Drivers
Sales decreased by 2.51% YoY to SAR 7,083.75 million, primarily due to declining global shipping rates affecting Bahri Chemicals BU (down SAR 287 million) and Bahri Dry Bulk BU (down SAR 72 million), partially offset by increased revenue from Bahri Oil BU (up SAR 124 million). Net profit declined by 14.25% YoY to SAR 1,453.63 million, driven by a SAR 202 million decrease in gross profit, SAR 140 million reduction in other income (mainly due to lower capital gains from vessel sales), and increased general and administrative expenses (up SAR 91 million) and finance costs (up SAR 48 million), despite improved performance from Bahri Oil BU and higher results from equity-accounted investees.
Quarter-on-Quarter Performance Drivers
Revenue decreased slightly by 0.224% QoQ due to lower shipping rates affecting Bahri Integrated Logistics BU (down SAR 30 million) and Bahri Chemicals BU (down SAR 10 million), partially offset by Bahri Oil BU's revenue increase of SAR 24 million. Net profit increased significantly by 25.993% QoQ, driven by a SAR 65 million increase in equity-accounted investees' results, SAR 48 million reduction in general and administrative expenses, SAR 24 million increase in other income, and SAR 13 million decrease in doubtful debt provisions.
Other Items
The auditors issued an unmodified conclusion on Bahri's interim financial results for the nine-month period ending September 30, 2025. Total shareholders' equity increased by 8.904% year-over-year to SAR 14,285.83 million. The company's earnings per share for the current period was SAR 1.58, compared to SAR 1.84 in the same period last year. The calculation of earnings per share for the corresponding period was based on the weighted average number of shares (922,852 thousand shares), following the increase in the company's share capital from SAR 7.3 million to SAR 9.2 million, which was approved by the Extraordinary General Assembly on June 29, 2025.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=91022&anCat=1&cs=4030&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/24472_439_2025-10-28_17-33-59_en.pdfImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.