Saudi Arabia’s East Pipes Integrated Company for Industry (East Pipes) reported strong financial results for the first quarter of fiscal year 2026/27 ended June 30, supported by higher sales volumes, improved selling prices and lower financing costs.
The company’s revenue increased by 35pct YoY to SAR 521 mln (USD 139 mln), while EBITDA rose 32pct to SAR 145 mln (USD 38.7 mln). Net profit climbed 36pct YoY to SAR 123 mln (USD 32.8 mln).
According to the company, the improved performance was driven by volume growth and higher average selling prices, while operating cost efficiencies supported profitability. Net profit also benefited from a 59pct YoY reduction in financing costs following the company’s debt reduction initiatives.
East Pipes generated SAR 255 mln (USD 68 mln) in operating cash flow during the quarter and maintained a debt-free balance sheet. Cash and cash equivalents reached a record SAR 798 mln (USD 213 mln), representing around 40pct of total assets. The company said its strong balance sheet and liquidity position will support future capacity investments while enabling it to pursue a growing pipeline of water and oil and gas projects across the Kingdom.
Founded in 2010, East Pipes operates a helical spiral arc welded (HSAW) pipe plant in Dammam with an annual capacity of 500,000 tons. The facility can produce pipes up to 18.2 meters long, with wall thicknesses of 6-25.4 mm, diameters of 20-100 inches, and grades up to API X80.
1 USD / 3.75 SAR