Saudi Arabia’s based East Pipes Integrated Company for Industry (East Pipes) reported record financial results for the fiscal year ended March 31, 2026, supported by strong contract execution and higher demand from the water and oil & gas sectors.
The company’s revenue increased by 25.4pct YoY to SAR 2.3 bln (USD 613 mln), while EBITDA rose by 40.7pct to SAR 656 mln (USD 175 mln). Net profit increased by 50pct YoY to a record SAR 573 mln (USD 153 mln).
According to the company, the improved performance was driven by higher sales volumes, stronger average selling prices, and efficient execution of backlog orders. East Pipes also cited lower financing costs and higher income from time deposits following debt reduction initiatives.
East Pipes added that capital expenditure during the year included commissioning of a new HSAW pipe production line, development of an external coating facility, and investments in material handling infrastructure to support future growth.
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
