ALDREES Reports 29.3% Rise in Q1 Profit to SAR 100.1 Mln

Aldrees Petroleum and Transport Services Co. (ALDREES) posted Tuesday a 29.3% year-on-year increase in net profit for the first quarter of 2025, reaching SAR 100.1 million, compared to SAR 77.4 million in the same quarter last year. This came after announcing today the preliminary financial results for the period ending March 31, 2025 (three months).

Operational profit increased by 21.9% to SAR 145.5 million in the first quarter, compared to SAR 119.3 million in the same quarter last year.

Total equity (excluding non-controlling interests) for the three-month period stood at SAR 1.43 billion, reflecting a 10.7% increase from SAR 1.2 billion in the previous period.

Profits per share for the current period rose to SAR 1, compared to SAR 0.77 in the previous period.