Saudi Arabia’s Group Five Pipe reported a sharp increase in net profit for 2025, according to its financial statement.
Net profit rose to SAR 144.8 mln (USD 33.2 mln), compared with SAR 38.5 mln a year earlier, supported by higher sales volumes and lower production costs.
The company’s revenue surged nearly 108pct YoY to SAR 2 bln (USD 245.5 mln) in H1 2025, driven by higher selling prices and volumes.
Based in Dammam, Group Five Pipe operates five production lines with a combined annual capacity of 700,000 tons, producing spiral welded pipes for regional markets. The company plans to expand capacity by 350,000 tons, targeting over 1 mln tons per year by January 2027.
1 USD / 3.75 SAR
