Saudi Arabia’s Group Five Pipe posted a sharp rise in net profit for the first half of 2025, its financial statement showed.
Net profit jumped to SAR 125 mln (USD 33.2 mln), compared with SAR 9.2 mln in the same period last year, driven by strong sales volumes and lower production costs.
Revenue surged 145pct YoY to SAR 922 mln (USD 245.5 mln) in H1 2025.
Group Five Pipe Saudi Co. is one of the major spiral pipe suppliers in the Middle East region. The company has five pipe production lines with an annual capacity of 500,000 tons.
1 USD / 3.75 SAR
