2381 · 02/11/2025 08:56:36 · Announcement #91131 · View on Saudi Exchange

Arabian Drilling Co. announces its Interim Financial results for the Period Ending on 2025-09-30 ( Nine Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 835.4863.2-3.22862.5-3.142
Gross Profit (Loss) 100.9179.6-43.819123-17.967
Operational Profit (Loss) 55.3143.5-61.46367.1-17.585
Net profit (Loss) -9.484.8-7.5-
Total Comprehensive Income -9.686.4-4.8-
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 2,6092,769.2-5.785
Gross Profit (Loss) 403.9577.5-30.06
Operational Profit (Loss) 259.2432.8-40.11
Net profit (Loss) 73.3251.2-70.82
Total Comprehensive Income 67.5252.8-73.299
Total Shareholders Equity (after Deducting Minority Equity) 5,885.75,869.40.277
Profit (Loss) per Share 0.822.82
All figures are in (Millions) Saudi Arabia, Riyals
Element ListAmountPercentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value --
Accumulated Losses --
All figures are in (Millions) Saudi Arabia, Riyals
Element ListExplanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is Revenue decrease of 3.2% compared with Q3'24 mainly reflects the impact of rig suspensions in offshore and land segments, partially offset by the initiation of unconventional activity in Q1'25.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is Net income decrease of 111.1% compared with Q3'24, primarily reflecting the impact of rig suspensions in both the offshore and land segments.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is Quarterly revenue decrease of 3.1% pertains to reduced rig activity during Q3, partially offset by the start of operations at the newly acquired MVSP.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The quarterly decrease in net income of 225.8% is in line with the activity and higher deferred taxes due to increased asset base.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is Revenue decrease of 5.8% Year on Year ("YoY"), mainly pertains to lower rig offshore and land activity, partially offset by additional revenues from unconventional rigs.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is Net income decrease of 70.8% YoY mainly due to a shift in activity mix, with reduced offshore contributions only partially mitigated by improvements in the land segment.
Statement of the type of external auditor's report Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) Not Applicable. Unmodified opinion
Reclassification of Comparison Items Not Applicable and none noted to date.
Additional Information profit (loss) per share for current quarter 2025 is based on 89,000,000 shares
Attached Documents  

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