Riyadh - Mubasher: National Gas and Industrialization Company (GASCO) delivered a 15.15% drop in net profit to SAR 115.90 million during the first half (H1) of 2025, compared to SAR 136.60 million in H1-24.

Revenues reached SAR 1.57 billion in the first six months (6M) of 2025, an annual increase of 16.89% from SAR 1.34 billion, according to the interim financial results.

Earnings per share (EPS) decreased to SAR 1.54 in H1-25 from SAR 1.82 in the same period last year.

Results for Q2-25

During the second quarter (Q2) of 2025, the company’s net profits fell by 7.06% to SAR 53.90 million from SAR 58 million in Q2-24.

Meanwhile, the revenues rose by 15.11% to SAR 740.10 million in Q2-25 from SAR 642.90 million in April-June 2024.

On a quarterly basis, the Q2-25 net profits shrank by 12.92% from SAR 61.90 million in Q1-25, while the revenues declined by 11.64% from SAR 837.60 million.

In 2024, GASCO logged SAR 248.70 million in net profits, marking a 9.41% increase from SAR 227.30 million in 2023.