Al-Yamamah Steel Industries in Saudi Arabia turns profitable in 2024.

Al Yamamah Steel Industries Company issued its annual financial performance report for 2025 on Thursday, announcing that the Saudi company has turned profitable this year with a net profit - after deducting zakat and taxes - of 70.8 million riyals, compared to net losses of 130.14 million riyals incurred by Al Yamamah Steel Industries in 2023.

According to the company's disclosure to the Saudi Stock Exchange (Tadawul), Al Yamamah Steel Industries was able to achieve annual profits thanks to a decrease in sales costs in the construction, electricity, and solar energy sectors by 20.82%, 7.56%, and 10.35%, respectively. These percentages are higher than the declines in product selling prices in the construction and electricity sectors, which were 8.33% and 4.93%, respectively.

In addition, Al Yamamah Steel Industries reported that the share achieved earnings of 1.39 riyals per share this year, after the Saudi company's share recorded a loss of 2.56 riyals per share in 2023.