Saudi-based Riyadh Steel reported lower revenue but higher net profit in 2025, according to a filing on the Saudi Exchange.
The company’s revenue declined 7pct YoY to SAR 151.16 mln (USD 40.3 mln) in 2025, compared with SAR 162.57 mln in 2024, mainly due to lower sales volumes of finished products, partly offset by higher billet, scrap and trading sales.
However, net profit increased to SAR 5.72 mln (USD 1.52 mln), up from SAR 2 mln a year earlier, supported by improved margins, lower expenses and higher other income.
Riyadh Steel has a total annual capacity of 220,000 tons of sheared scrap, 105,000 tons of billets, and 90,000 tons of angle and flat bars.
1 USD / 3.75 SAR
