ADES Q1 Profit Falls 2% to SAR 196.6 Mln

Ades Holding Co. reported on Monday a 2% decline in net profit for the first quarter of 2025 to SAR 196.6 million, down from SAR 200.8 million in the same quarter a year earlier, according to preliminary financial results for the (three-month) period ending March 31, 2025.

Operational profit dropped 3.7% to SAR 475.6 million in the first quarter, compared to SAR 494.1 million in the year-ago quarter.

Total equity (excluding non-controlling interests) for the three-month period stood at SAR 6.41 billion, down 1.1% from SAR 6.49 billion in the previous period.

Profits per share for the current period remained unchanged at SAR 0.18 in the previous period.