GIB Capital released Q3 2025 earnings forecasts for a number of Tadawul-listed companies that fall within its coverage universe
GIB Capital released its Q3 2025 earnings forecasts for several Saudi-listed companies under its coverage. 
The table below outlines GIB Capital’s financial estimates for approximately 41 listed companies on both the Tadawul and Nomu markets for Q3 2025.
GIB Capital’s Earnings Forecasts for Q3 2025
Company
Q3 2025 estimates
YoY change
Petrochemicals
Advanced
59
+30%
Alujain
16
(65%)
Sipchem
(40)
—
Saudi Kayan
(383)
—
Energy
Arabian Drilling
(20)
—
ADES Holding*
210
+5%
Materials
Luberef
255
+13%
AMAK
83
+39%
Utilities
Miahona
6
(64%)
Banks
SNB**
5853
+9%
Tadawul Group
84
(40%)
Retail
Jarir
313
+2%
SASCO
6
(46%)
Food Manufacturing
Tanmiah
(1)
—
Entaj
6
+37%
First Mills
68
+11%
Modern Mills
58
+20%
Arabian Mills
64
+17%
Consumer
Americana
236
+68%
Alamar*
15
(26%)
Leejam***
104
(44%)
Sport Clubs
5
(69%)
Seera*
70
+128%
Capital Goods
Riyadh Cables
289
+23%
Astra
150
+8 %
GAS
35
(1%)
Transport
Theeb Rent a Car
50
+8%
Budget Saudi
88
+23%
Lumi
49
+22%
flynas
122
+17%
SAL
163
+5%
Other Sectors
Elm****
595
+19%
AZM*****
12
+15%
Jamjoom Pharma
108
+14%
Avalon Pharma
9
+133%
Al Akaria
39
+2%
Cenomi Centers******
312
(7%)
Retal
55
+37%
Masar
480
+311%
Al Mawarid
33
+93%
SMASCO
33
+14%
*Net profit before minority
**Gross operating profit
***Q2 results include one-off land sale at SAR 92.4 mln
****resulting from acquiring Thiqah
*****Q1 2025/2026 net profit before minority
******Net profit was adjusted to include FV of insurance compensation gains/losses in Q3 2025
GIB Capital released Q3 2025 earnings forecasts for a number of Tadawul-listed companies that fall within its coverage universe
GIB Capital released its Q3 2025 earnings forecasts for several Saudi-listed companies under its coverage.
The table below outlines GIB Capital’s financial estimates for approximately 41 listed companies on both the Tadawul and Nomu markets for Q3 2025.
GIB Capital’s Earnings Forecasts for Q3 2025
Company
Q3 2025 estimates
YoY change
Petrochemicals
Advanced
59
+30%
Alujain
16
(65%)
Sipchem
(40)
—
Saudi Kayan
(383)
—
Energy
Arabian Drilling
(20)
—
ADES Holding*
210
+5%
Materials
Luberef
255
+13%
AMAK
83
+39%
Utilities
Miahona
6
(64%)
Banks
SNB**
5853
+9%
Tadawul Group
84
(40%)
Retail
Jarir
313
+2%
SASCO
6
(46%)
Food Manufacturing
Tanmiah
(1)
—
Entaj
6
+37%
First Mills
68
+11%
Modern Mills
58
+20%
Arabian Mills
64
+17%
Consumer
Americana
236
+68%
Alamar*
15
(26%)
Leejam***
104
(44%)
Sport Clubs
5
(69%)
Seera*
70
+128%
Capital Goods
Riyadh Cables
289
+23%
Astra
150
+8 %
GAS
35
(1%)
Transport
Theeb Rent a Car
50
+8%
Budget Saudi
88
+23%
Lumi
49
+22%
flynas
122
+17%
SAL
163
+5%
Other Sectors
Elm****
595
+19%
AZM*****
12
+15%
Jamjoom Pharma
108
+14%
Avalon Pharma
9
+133%
Al Akaria
39
+2%
Cenomi Centers******
312
(7%)
Retal
55
+37%
Masar
480
+311%
Al Mawarid
33
+93%
SMASCO
33
+14%
*Net profit before minority
**Gross operating profit
***Q2 results include one-off land sale at SAR 92.4 mln
****resulting from acquiring Thiqah
*****Q1 2025/2026 net profit before minority
******Net profit was adjusted to include FV of insurance compensation gains/losses in Q3 2025
