Yamamah Steel Industries Co. reported a 138.45% increase in net profit for the third quarter of its fiscal year ended June 30, 2025, reaching approximately SAR 15.37 million, compared to SAR 6.47 million in the same period of the previous fiscal year.
According to Al Arabiya, the company stated in a filing on the Saudi Exchange (Tadawul) that this growth was driven by a decline in the cost of sales in the electricity and renewable energy sectors by 7.99% and 4.63%, respectively, in addition to a 10.63% drop in financing expenses.
Sales rose by 12.16% to around SAR 1.47 billion, supported by a 47.67% increase in volume and a 55.03% increase in value of sales in the electricity sector, compared to SAR 1.55 billion in the corresponding quarter last year.
Quarter-on-quarter, the company’s profits fell by 29.96% from SAR 21.95 million in Q2 of the current fiscal year.
For the first nine months of the fiscal year, net profit declined by 37% to approximately SAR 41.9 million, compared to SAR 66.5 million in the same period last year.
