Riyadh Steel, a Saudi Arabian long steel producer, reported a 3.2pct YoY decline in net profit for the first half of 2025, according to a stock exchange filing.
Net profit slipped to SAR 2.45 mln (USD 0.65m) from SAR 2.53mln a year earlier, due to a slight reduction in gross margins.
Despite the profit drop, revenue rose 16.6pct to SAR 82.4mln (USD 21.9m), supported by higher sales volumes compared to the same period last year.
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
