Aldrees Petroleum and Transport Services Company (4200) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue reached SAR 5.9 billion, up 33.4% year-over-year and 11.1% sequentially from Q4 2024.

• Net profit for Q1 2025 was SAR 100.1 million, a 29.2% increase year-over-year.

• Number of petrol stations grew to 1,147, a 27.9% increase year-over-year.

• Gross profit improved to SAR 229.8 million, and EPS increased to SAR 1.00 from SAR 0.77 after a bonus share issue.

• SAR 150 million in dividends was distributed for FY 2024, with a strong cash position of SAR 397.1 million as of March 2025.

Financial highlights

• Gross profit for Q1 2025 was SAR 229.8 million, up from SAR 189.5 million year-over-year.

• Net income for Q1 2025 was SAR 100.1 million, up from SAR 77.4 million year-over-year.

• Operating cash flow reached SAR 292.5 million, up from SAR 154.6 million.

• Total assets increased to SAR 8.96 billion as of March 2025.

• Total cost of sales was SAR 5.55 billion, representing 97.05% of net sales.

Outlook and guidance

• Focus remains on expanding the petrol station network and logistics capabilities.

• Continued investment in technology and fleet modernization to support growth.

• Management expects continued growth in both petroleum and transport segments, supported by ongoing capital projects and robust demand in Saudi Arabia.