‎GAS likely to deliver positive H2 2025 results: CEO

‎GAS likely to deliver positive H2 2025 results: CEO ‎GAS likely to deliver positive H2 2025 results: CEO

​‎

Faisal AlDabal, Vice Chairman and CEO of Gas Arabian Services Co. (GAS)

Gas Arabian Services Co. (GAS) will likely maintain its positive performance during the second half of 2025,Vice-Chairman and CEO Faisal Al Dabaltold Argaam.

Advertisement

The value of supply orders and the ongoing project contracts reached approximately SAR 2.22 billion by the end of H1 2025, up from SAR 1.66 billion at the beginning of the year; a strong indicator of positive future performance, added Al Dabal, while commenting on the company’s Q2 2025 financial results.

H1 2025 profit increase was primarily spurred by a 33% revenue growth, along with the increase of the gross profit margin from 16% to 18% in the six-month period. Al Dabal further noted that GAS stronger figures were further supported by its robust operating performance. The technical services segment reported a SAR 159 million increase in sales, followed by the manufacturing business division (SAR 8 million).

Al Dabel also cited a change in the relative contribution of each segment to total revenue. The share of technical services rose from 42% to 56%, while the manufacturing segment’s share increased from 2% to 3%. Meanwhile, the commercial segment’s share declined from 56% to 41%.

When asked about the company’s transition to the Main Market, Al Dabal highlighted the ongoing talks with Tadawul through the financial advisor, adding that GAS is looking forward to receiving approval after completing all necessary procedures.

 

Faisal AlDabal, Vice Chairman and CEO of Gas Arabian Services Co. (GAS)

Gas Arabian Services Co. (GAS) will likely maintain its positive performance during the second half of 2025,Vice-Chairman and CEO Faisal Al Dabaltold Argaam.

The value of supply orders and the ongoing project contracts reached approximately SAR 2.22 billion by the end of H1 2025, up from SAR 1.66 billion at the beginning of the year; a strong indicator of positive future performance, added Al Dabal, while commenting on the company’s Q2 2025 financial results.

H1 2025 profit increase was primarily spurred by a 33% revenue growth, along with the increase of the gross profit margin from 16% to 18% in the six-month period. Al Dabal further noted that GAS stronger figures were further supported by its robust operating performance. The technical services segment reported a SAR 159 million increase in sales, followed by the manufacturing business division (SAR 8 million).

Al Dabel also cited a change in the relative contribution of each segment to total revenue. The share of technical services rose from 42% to 56%, while the manufacturing segment’s share increased from 2% to 3%. Meanwhile, the commercial segment’s share declined from 56% to 41%.

When asked about the company’s transition to the Main Market, Al Dabal highlighted the ongoing talks with Tadawul through the financial advisor, adding that GAS is looking forward to receiving approval after completing all necessary procedures.

Add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep Up to Date with our Weekly Newsletter

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use
Advertisement