‎Aldrees stations hit 1,200 by Q2-end: CEO

‎Aldrees stations hit 1,200 by Q2-end: CEO ‎Aldrees stations hit 1,200 by Q2-end: CEO

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Abdulilah Aldrees, CEO ofAldrees Petroleum and Transport Services Co.

Aldrees Petroleum and Transport Services Co. operated around 1,200 fuel stations by the end of Q2 2025, with a fleet of nearly 600 fuel transport trucks, CEO Abdulilah Aldrees said.

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He told Argaam the year-on-year (YoY) rise in Q2 net profit was driven by higher sales in fuel and logistics, increased income from bank deposits and sukuk, and a pickup in other revenues.

This offset weaker returns from the joint venture, and higher selling, general, administrative, financing and zakat costs.

Aldrees said the drop in joint venture returns was driven by higher general and administrative (GA) and financing costs, but the overall impact on performance was limited.

He said the 35% revenue growth in Q2 2025 was fueled by network expansion, better transport rates, and higher diesel prices, supporting overall business growth.

Petroleum sales hit SAR 6.02 billion in Q2, with NAQEL Express contributing SAR 194 million, bringing total revenue to SAR 6.21 billion.

Aldrees expects strong performance to continue in Q3 2025 and in the coming periods.

According to Argaam’s data, Aldrees posted a 25% YoY profit increase to SAR 199.7 million in H1 2025, up from SAR 159.8 million a year earlier, while Q2 profit rose 21% YoY to SAR 99.7 million.

The company operated 1,147 stations at the end of Q1 2025.

 

Abdulilah Aldrees, CEO ofAldrees Petroleum and Transport Services Co.

Aldrees Petroleum and Transport Services Co. operated around 1,200 fuel stations by the end of Q2 2025, with a fleet of nearly 600 fuel transport trucks, CEO Abdulilah Aldrees said.

He told Argaam the year-on-year (YoY) rise in Q2 net profit was driven by higher sales in fuel and logistics, increased income from bank deposits and sukuk, and a pickup in other revenues.

This offset weaker returns from the joint venture, and higher selling, general, administrative, financing and zakat costs.

Aldrees said the drop in joint venture returns was driven by higher general and administrative (GA) and financing costs, but the overall impact on performance was limited.

He said the 35% revenue growth in Q2 2025 was fueled by network expansion, better transport rates, and higher diesel prices, supporting overall business growth.

Petroleum sales hit SAR 6.02 billion in Q2, with NAQEL Express contributing SAR 194 million, bringing total revenue to SAR 6.21 billion.

Aldrees expects strong performance to continue in Q3 2025 and in the coming periods.

According to Argaam’s data, Aldrees posted a 25% YoY profit increase to SAR 199.7 million in H1 2025, up from SAR 159.8 million a year earlier, while Q2 profit rose 21% YoY to SAR 99.7 million.

The company operated 1,147 stations at the end of Q1 2025.

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