Arabian Pipes Company (APC), which specializes in the production and sale of steel pipes, reported a 34% decline in net profit, reaching SAR 102.4 million by the end of the first nine months of 2025, compared to SAR 155.7 million recorded during the same period in 2024.
The company attributed the profit drop to the following factors:
- Lower revenues, which amounted to SAR 736.63 million during the first nine months of fiscal year 2025, compared to SAR 979.39 million in the same period of 2024 — a decrease of 24.79%, mainly due to lower sales volumes.
- A decline in gross profit, which reached SAR 170.13 million during the first nine months of 2025, compared to SAR 253.36 million in the same period of 2024 — representing a 32.85% decrease. This was primarily due to changes in the product mix and delivery schedules.