GAS likely to deliver positive H2 2025 results: CEO
The company's order book and project pipeline are forecast to expand, he added.
The value of supply orders and the ongoing project contracts reached approximately SAR 2.22 billion by the end of H1 2025, up from SAR 1.66 billion at the beginning of the year, a strong indicator of the company's positive future performance, Al Dabal noted.
The 54% year-on-year (YoY) growth in H1 2025 profit was primarily spurred by a 33% revenue growth, along with an increase in the gross profit margin from 16% to 18%.
Al Dabal stated that GAS's strong bottom line was supported by its robust operating performance. The technical services segment reported a SAR 159 million increase in sales, followed by the manufacturing business division (SAR 8 million).
The CEO cited a change in the relative contribution of each segment to total revenue. The share of technical services rose from 42% to 56%, while the manufacturing segment's share increased from 2% to 3%. However, the commercial segment's share declined from 56% to 41%.
Sharing details on the company's transition to the Main Market (TASI), Al Dabal said that talks are ongoing with the Saudi Exchange (Tadawul) through a financial advisor.
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