Business
SNG: Saudi: Elm posts 30.5% higher net profits in H1-25; dividends announced
SNG: Saudi: Elm posts 30.5% higher net profits in H1-25; dividends announced
About this update from Elm Company
Staff WriterElm Company reported net profits worth SAR 1.08 billion in the first half (H1) of 2025, marking a 30.56% year-on-year (YoY) surge from SAR 831 million.Revenues grew by 21.02% to SAR 4.12 billion in H1-25 from SAR 3.40 billion in the same period a year earlier, according to the interim financial results.The earnings per share (EPS) climbed to SAR 13.95 in the first six months (6M) of 2025 from SAR 10.70 in H1-24.Financials for Q2In the second quarter (Q2) of 2025, Elm’s net profits hiked by 21.14% to SAR 590 million from SAR 487 million in Q2-24.The Tadawul-listed company generated revenues of SAR 2.24 billion in Q2-25, higher by 27.05% than SAR 1.76 billion in April-June 2024.Quarter-on-quarter (QoQ), the Q2-25 net profits increased by 19.19% from SAR 495 million in January-March 2025, while the revenues rose by 19.60% compared to SAR 1.87 billion.DividendsThe board of Elm announced cash dividends amounting to SAR 350.37 million, representing 45% of the company’s SAR 800 million capital, for H1-25.Meanwhile, the company will pay out SAR 4.50 per share for 77.86 million eligible shares.The eligibility and payment dates for the dividends are set for 5 and 19 August, respectively.In the 12-month period that ended on 31 December 2024, Elm recorded 34.66% YoY higher consolidated net profits after tax at SAR 1.82 billion, versus SAR 1.35 billion.All Rights Reserved - Mubasher Info © 2005 - 2025 Provided by SyndiGate Media Inc. (Syndigate.info).Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.