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Bawan Co. — Interim / Quarterly Report 2025
Nov 4, 2025
53269_rns_2025-11-04_9fb07c22-e1f8-43b6-93d1-b206fb32d655.html
Interim / Quarterly Report
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Bawan Co. announces its Interim Financial results for the Period Ending on 2025-09-30 ( Nine Months )
1302 · 04/11/2025 08:14:25 · Announcement #91197 · View on Saudi Exchange
Bawan Co. announces its Interim Financial results for the Period Ending on 2025-09-30 ( Nine Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 1,088,978 | 682,596 | 59.534 | 966,143 | 12.713 |
| Gross Profit (Loss) | 168,442 | 74,259 | 126.83 | 171,382 | -1.715 |
| Operational Profit (Loss) | 86,205 | 33,719 | 155.657 | 105,692 | -18.437 |
| Net profit (Loss) | 52,336 | 23,447 | 123.209 | 50,373 | 3.896 |
| Total Comprehensive Income | 51,840 | 23,447 | 121.094 | 50,168 | 3.332 |
| All figures are in (Thousands) Saudi Arabia, Riyals |
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 2,965,299 | 2,199,034 | 34.845 |
| Gross Profit (Loss) | 457,942 | 225,589 | 102.998 |
| Operational Profit (Loss) | 256,244 | 103,894 | 146.639 |
| Net profit (Loss) | 139,214 | 75,719 | 83.856 |
| Total Comprehensive Income | 137,818 | 75,719 | 82.012 |
| Total Shareholders Equity (after Deducting Minority Equity) | 961,433 | 897,732 | 7.095 |
| Profit (Loss) per Share | 2.32 | 1.26 | |
| All figures are in (Thousands) Saudi Arabia, Riyals |
| Element List | Amount | Percentage of the capital (%) |
|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - |
| Accumulated Losses | - | - |
| All figures are in (Thousands) Saudi Arabia, Riyals |
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | The increase in the company's revenue is mainly due to the recognition of revenue from the oil and gas industries sector during the current quarter, in addition to the increase in revenues from the electrical and plastic industries sectors. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The reasons for the increase in net profit during the current quarter compared to the same quarter of the previous year are mainly due to the following: |
- The group's gross profit margin increased from 11% to 15%, as a result of implementing the group's strategic plan to increase the percentage of the contribution of high-margin products in the group's product portfolio. New products in the electrical and plastics industries sectors, in addition to consolidating the results of products from the oil and gas industries sector, contributed to the increase in the group's gross profit margin.
- Starting the recognition of revenues and net profit from the newly acquired oil and gas industries sector, which achieved a net profit attributable to the company's shareholders of SAR 41.9 million during the current quarter.
- The increase in net profit of the electrical and plastic industries sectors, mainly due to the increase in quantities sold.
This increase comes despite the following:
- The decrease in net profit of the metal and wood industries sector, mainly due to the decrease in average selling prices of the metal products, and the decrease in quantities sold in the wood products.
- The increase in the operational expenses due to starting the consolidation of the oil and gas industries sector results, in addition to the growth in activities of the electrical and plastic industries sectors.
- The increase in the finance cost due to the increase in the company's total debt related to the acquisition of the oil and gas industries sector and starting the consolidation of the costs of financing the working capital requirements related to the sector.
- The increase in the Zakat expense.The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The increase in the company's revenues is mainly due to the increase in revenue from the oil and gas, electrical, and plastic industries sectors.The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The reasons for the increase in net profit during the current quarter compared to the previous quarter are mainly due to the following:
- The increase in net profit of the oil and gas industries sector, mainly due to the increase in quantities sold and the increase in the percentage of completion for existing projects.
- The increase in net profit of the plastic industries sector, mainly due to the increase in quantities sold.
- The decrease in the finance cost due to the decrease in finance cost of the working capital requirements in the oil and gas industries sector.
- The increase in the other income.
This increase comes despite the following:
- The decrease in net profit of the electrical, metal and wood industries sectors, mainly due to the decrease in average selling prices.
- The increase in operational expenses mainly related to non-recurring expenses.The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is The increase in the company's revenue is mainly due to the recognition of revenue from the oil and gas industries sector during the current period, in addition to the increase in revenues in the electrical and plastic industries sectors.The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The reasons for the increase in net profit during the current period compared to the same period of the previous year are mainly due to the following:
- The group's gross profit margin increased from 10% to 15%, as a result of implementing the group's strategic plan to increase the percentage of the contribution of high-margin products in the group's product portfolio. New products in the electrical and plastics industries, in addition to consolidating the results of products from the oil and gas industries sector, contributed to the increase in the group's gross profit margin.
- Starting the recognition of revenues and net profit from the newly acquired oil and gas industries sector, which achieved a net profit attributable to the company's shareholders of SAR 71.6 million during the current period.
- The increase in net profit of the electrical and plastic industries sectors, mainly due to the increase in quantities sold.
- The increase in net profit of the metal and wood industries sector, mainly due to the improvement in profit margin of metal products.
This increase comes despite the following:
- The increase in the operational expenses due to starting the consolidation of the oil and gas industries sector results, in addition to the growth in activities of the electrical and plastic industries sectors.
- The increase in the finance cost due to the increase in the company's total debt related to the acquisition of the oil and gas industries sector and starting the consolidation of the costs of financing the working capital requirements related to the sector.
- The increase in the Zakat expense and the decrease in the other income.Statement of the type of external auditor's report Other MatterComment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) The consolidated financial statements for the year ended December 31, 2024 and the interim financial information for the three and nine months period ended September 30, 2024 were audited and reviewed, respectively, by another auditor who expressed an unmodified audit opinion on those statements and unmodified review conclusion on that information on 24 March 2025 (corresponding to 24 Ramadan 1446H) and 3 November 2024 (corresponding to 1 Jumada Al Ula 1446H), respectively.Reclassification of Comparison Items Certain comparative figures have been reclassified to conform to the current period presentation.Additional Information Non-controlling interests share during the period amounted to a net profit of SAR 13.7 million as compared to a profit of SAR 3.5 million for the same period of the previous year.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.