National Gas Reports SAR 249.1M Net Profit in 2025
GASCO 2080.SA | 86.20 | -0.92% |
On 2026-02-18 08:00:56 (Saudi Time), National Gas and Industrialization Co. announced its Annual financial results for the twelve months ended on December 31, 2025.
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 3,268.8 | 2,869.2 | 13.93 | ||
| Gross Profit (Loss) | 418.1 | 361.5 | 15.66 | ||
| Operational Profit (Loss) | 188.8 | 145.5 | 29.76 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 249.1 | 248.7 | 0.16 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 234.6 | 225.5 | 4.04 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 1,968.3 | 1,906.2 | 3.26 | ||
| Profit (Loss) per Share | 3.32 | 3.32 | |||
| All figures are in (Millions) 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 (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year |
The increase in revenues by SR 400 million is mainly due to the followings:
- Increase in gas sales by SR 396 million due to the increase in gas prices and volume. - Increase in sales of empty cylinders and accessories by SR 11 million. -Increase in revenues from scrap sales and other services by SR 14 million. Despite the: - Decrease in revenues from commercial projects by SR 21 million. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is |
The increase in net profit by SR 382 thousand is mainly due to the followings:
Increase in gross profit by SR 56.6 million as a result of increase in revenues. - Increase in share of results of associates by SR 3.8 million. -Decrease in finance costs by SR 0.7 million. Despite the: -Increase in operating expenses by SR 13.3 million. -Decrease in investment and finance income by SR 33.6 million. -Increase in zakat expense by SR 5.6 million. -Decrease in other income by SR 8.2 million. |
| Statement of the type of external auditor's report | Unmodified opinion |
| 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 | None |
| Additional Information | - |
Year-on-Year Performance Drivers
Sales increased 13.93% YoY to SAR 3,268.8 million, primarily driven by higher gas sales of SAR 396 million due to increased gas prices and volumes, along with growth in cylinder sales and other services. Net profit remained nearly flat at SAR 249.1 million with only 0.16% growth, as the SAR 56.6 million increase in gross profit was largely offset by a SAR 33.6 million decrease in investment and finance income, higher operating expenses of SAR 13.3 million, and increased zakat expenses.
Other Items
The auditors issued an unmodified opinion with no additional comments, disclaimers, or adverse opinions noted. The company reported positive financial performance with no accumulated losses or material risk warnings disclosed in the financial statements.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=93203&anCat=1&cs=2080&locale=arImportant 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.