Thob Al Aseel Q1 profit surges 57.3% to SAR 63 mln

Thob Al Aseel Co. reported a 57.3% rise in net profit to SAR 63 million in the first quarter of 2025, up from SAR 40 million a year earlier, based on preliminary consolidated results for the three-month period ending March 31, 2025.

Operating profit increased 52.4% to SAR 72.5 million, from SAR 47.5 million in the same quarter last year.

Shareholders’ equity (excluding non-controlling interests) reached SAR 614.8 million, up 5.1% from SAR 584.6 million.

Earnings per share rose to SAR 0.16, from SAR 0.10.