Business
Saudi Electricity Company Reports 22% Net Profit Growth in Q2 2025
Strong Results Reflect Rising Demand, Business Growth, and Strategic Investments Amid Saudi Arabia’s Accelerating Energy Transition RIYADH, SA / ACCESS Newswire / August 10, 2025 / Saudi Electricity Company (SEC) continued to deliver robust ...
About this update from Saudi Energy Co.
[{"type":"text","content":"Strong Results Reflect Rising Demand, Business Growth, and Strategic Investments Amid Saudi Arabia’s Accelerating Energy Transition","length":141,"tagName":"p"},{"type":"text","content":"RIYADH, SA / ACCESS Newswire / August 10, 2025 / Saudi Electricity Company (SEC) continued to deliver robust financial and operational performance in the second quarter and first half of 2025.Revenue for Q2 grew by 24% to reach SAR 27.7 billion, while gross profit rose by 42% to SAR 7.4 billion. Operating profit increased by 21% to SAR 6.8 billion, and net profit reached SAR 5.3 billion-marking a 22% year-on-year increase.","length":427,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1280,"height":720,"url":"https://media.zenfs.com/en/accesswire.ca/ef68f315eecb8d81734ab339b118c76a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/e8xzfMJM0.RWCHEO2H.49w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTU0MDtjZj13ZWJw/https://media.zenfs.com/en/accesswire.ca/ef68f315eecb8d81734ab339b118c76a","width":960,"height":540},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/5dgn6a.7eYVIlPUj84C00g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD0xMzUwO2NmPXdlYnA-/https://media.zenfs.com/en/accesswire.ca/ef68f315eecb8d81734ab339b118c76a","width":1200,"height":675}}},{"type":"text","content":"For the first half of 2025, SEC reported a revenue growth of 23%, totalling SAR 47.2 billion. Gross profit rose by 40% to SAR 10.2 billion, operating profit increased by 20% to SAR 9.1 billion, and net profit grew by 19% to SAR 6.3 billion compared to the same period in 2024.","length":276,"tagName":"p"},{"type":"text","content":"This strong financial performance was primarily driven by higher allowed revenue due to the growth of the regulated asset base of the electricity network and increased electricity production revenues in response to rising energy demand. These gains were partially offset by higher operating and maintenance expenses due to network expansion, asset growth, and increased loads, as well as a rise in provisions for accounts receivable and a decrease in other income.","length":464,"tagName":"p"},{"type":"text","content":"SEC noted that the expansion of its regulated asset base reflects the continued growth in its transmission and distribut...