Aldrees Q2 Profits Rise 21% to SAR 99.7 Million

Riyadh, Saudi Arabia — Aldrees Petroleum and Transport Services Company posted a 20.98% year-on-year rise in Q2 2025 net profit, reaching SAR 99.7 million, up from SAR 82.41 million a year earlier. This outcome appeared in the company’s statement on Tadawul Saudi. However, profit slipped 0.4% quarter-on‑quarter, compared to SAR 100.1 million in Q1 2025.

Q2 2025 Performance: Strong Core Earnings Amid Rising Costs

Aldrees attributed its profit increase to solid performance in its transport and petroleum divisions, which benefited from sustained operational demand. Additionally, the company saw higher income from bank deposits and sukuk returns. At the same time, employee benefit revaluations also added to comprehensive income.

These gains were partly offset by lower profit contributions from joint ventures and increased selling, administrative, and financing costs, including zakat.

H1 2025 Results: Transport Revenues Power Growth

In the first half of 2025, Aldrees recorded a 24.97% year-on-year increase in transport fuel revenue. Consequently, its H1 net profit rose to SAR 199.7 million, up from SAR 159.8 million in H1 2024. This performance reflects strong demand and operational efficiency across the Kingdom’s non-oil sectors.

THE SAUDI STANDARD’S VIEW: Aldrees Sustains Growth Through Diversified Operations

Aldrees’ results underline the steady growth potential in Saudi Arabia’s fuel and logistics sectors. Key takeaways:

• Core segment strength: Rising fuel distribution and logistics revenues reflect growing consumer and commercial demand, supporting Vision 2030’s supply-chain and infrastructure goals.
• Smart financial management: Income from sukuk and bank deposits highlights efficient use of low-risk assets to balance the impact of cost increases.
• Operational resilience: Effective cost control and revenue diversity helped offset underperformance in joint ventures.
• Consistent profitability: A modest drop from Q1 signals strong management discipline and readiness to handle seasonal or cost fluctuations.

Overall, Aldrees’ financial resilience and balanced earnings model reinforce investor confidence in the convergence of fuel and logistics services within Saudi Arabia’s diversifying economy. The performance affirms the company’s strategic relevance in furthering national development objectives under Vision 2030.

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