Saudi Electricity profits rise to SAR 5.2 billion in Q2, up 22%

The Saudi Electricity Company recorded a net profit of SAR 5.3 billion in the second quarter of 2025, compared to SAR 4.3 billion in the same quarter last year, an increase of 21.6%. This came after the announcement today of the financial results for the period ending June 30, 2025.

Operating profit reached SAR 6.7 billion in the second quarter of 2025, compared to SAR 5.6 billion in the same quarter of the previous year, an increase of 21%.

Earnings per share reached SAR 0.45 in the second quarter, compared to SAR 0.21 in the same quarter of the previous year.

According to the company, the increase in net profit for the current quarter compared to the same quarter of the previous year is primarily due to:

1) The increase in required revenue recognized during the current quarter due to the growth in the regulated asset base of the electricity grid.

2) The increase in electricity generation revenues and the continued growth in demand.

The above was partially offset by:

1) Higher operating and maintenance expenses due to business growth and increased operating assets

2) Higher provisions for electricity receivables

3) Lower other revenues due to a non-recurring item related to a supplier settlement in the same quarter.