‎GIB Capital issues Q2 2025 earnings forecasts for Saudi companies

GIB Capital released Q2 2025 earnings forecasts for a number of Tadawul-listed companies that fall within its coverage universe.

The table below outlines GIB Capital’s financial estimates for approximately 41 listed companies on both the Tadawul and Nomu markets for Q2 2025, in addition to three REITs for the first half of the year.

GIB Capital’s Earnings Forecasts for Q2 2025

Company

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Q2 2025 estimates

YoY change

Petrochemicals

Advanced

83

+100%

Alujain

11

(25%)

Sipchem

66

(46%)

Saudi Kayan

(650)

—

Energy

Arabian Drilling

16

(21%)

ADES Holding

185

(7%)

Materials

Luberef

270

(10%)

AMAK

75

+21%

Utilities

MARAFIQ

80

+23%

Miahona

6

(24%)

Banks

SNB*

5838

+12%

Tasheel

59

+26%

Tadawul Group

112

(32%)

Retail

Jarir

180

+5%

SASCO

11

(15%)

Food Manufacturing

Tanmiah

18

(25%)

ENTAJ

8

+14%

First Mills

49

+8%

Modern Mills

50

+12%

Arabian Mills

52

+13%

Consumer

Americana**

46

(11%)

Alamar*

13

(1%)

Leejam***

61

(16%)

Seera*

75

+39%

Transport

Theeb Rent a Car

48

+8%

Budget Saudi

86

+21%

Lumi

51

+11%

SAL

150

(4 %)

Other Sectors

Riyadh Cables*

260

+63%

Astra

170

+1%

Elm****

551

+13%

Al Akaria

38

—

Cenomi Centers

298

(16%)

Retal

62

(14%)

Al Mawarid

27

+16%

SMASCO

33

(8%

Al Arabia

43

(9%)

Jamjoom Pharma

125

+17%

Avalon Pharma

23

+6%

REITs (H1 2025)

Taleem REIT

16

+3%

Al Rajhi REIT

57

(20%)

AlAhli REIT 1

18

+22%

Nomu

GAS

35

+44%

Saudi AZM*****

8

(18%)

GIB Capital released Q2 2025 earnings forecasts for a number of Tadawul-listed companies that fall within its coverage universe.

The table below outlines GIB Capital’s financial estimates for approximately 41 listed companies on both the Tadawul and Nomu markets for Q2 2025, in addition to three REITs for the first half of the year.

GIB Capital’s Earnings Forecasts for Q2 2025

Company

Q2 2025 estimates

YoY change

Petrochemicals

Advanced

83

+100%

Alujain

11

(25%)

Sipchem

66

(46%)

Saudi Kayan

(650)

—

Energy

Arabian Drilling

16

(21%)

ADES Holding

185

(7%)

Materials

Luberef

270

(10%)

AMAK

75

+21%

Utilities

MARAFIQ

80

+23%

Miahona

6

(24%)

Banks

SNB*

5838

+12%

Tasheel

59

+26%

Tadawul Group

112

(32%)

Retail

Jarir

180

+5%

SASCO

11

(15%)

Food Manufacturing

Tanmiah

18

(25%)

ENTAJ

8

+14%

First Mills

49

+8%

Modern Mills

50

+12%

Arabian Mills

52

+13%

Consumer

Americana**

46

(11%)

Alamar*

13

(1%)

Leejam***

61

(16%)

Seera*

75

+39%

Transport

Theeb Rent a Car

48

+8%

Budget Saudi

86

+21%

Lumi

51

+11%

SAL

150

(4 %)

Other Sectors

Riyadh Cables*

260

+63%

Astra

170

+1%

Elm****

551

+13%

Al Akaria

38

—

Cenomi Centers

298

(16%)

Retal

62

(14%)

Al Mawarid

27

+16%

SMASCO

33

(8%

Al Arabia

43

(9%)

Jamjoom Pharma

125

+17%

Avalon Pharma

23

+6%

REITs (H1 2025)

Taleem REIT

16

+3%

Al Rajhi REIT

57

(20%)

AlAhli REIT 1

18

+22%

Nomu

GAS

35

+44%

Saudi AZM*****

8

(18%)