Investor Relations (IR)

Shareholder	Holding (%)
Al-Qahtani Pipe Coating Industries Co. (Closed Joint Stock Co.)	36
Abdullah A. A. Al Qahtani	10.8
Tareq A. A. Al Qahtani	9
Salah A. A. Al Qahtani	8.027
Haifaa S. H. Al Saqeer	5.4

Meeting Type	Date	Time	Site	Location	Detail
Annual General Meeting	26/06/2024	12:00	Via modern technology means	Location	Click Here

Financials

Yearly Income Data(SAR '000)

	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Revenues	976,564	455,308	230,540	641,099	916,163
Cost of revenue (IS)	869,364	397,903	228,362	579,790	786,403
Gross Profit	107,201	57,405	2,179	61,309	129,760
Selling and distribution expenses	2,819	1,784	2,062	1,663	1,582
General and administrative expenses (IS)	18,211	12,371	12,489	8,432	8,153
Provision for impairment of due from related parties	-	-589	2,397	-4,500	-
Impairment loss on trade receivables (IS)	445	2,262	2,009	-7,420	-
Other Income	1,644	535	-	15,701	11,411
Operating Profit	87,371	40,933	-11,984	69,835	131,436
Finance Income	13,506	19,269	21,681	-	-
Finance cost	60,015	48,852	33,900	32,457	45,651
Pre Zakat Profit	40,862	11,350	-24,203	37,378	85,786
Zakat	2,341	1,976	175	2,263	2,172
Net Profit	38,521	9,374	-24,378	35,115	83,614
Total Dividends	14,000	-	-	-	-
BASIC EPS	1.38	0.33	-0.86	1.25	2.99
Diluted EPS	1.38	0.33	-0.86	1.25	2.99

Yearly Balance Sheet Data(SAR '000)

	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Assets
Current Assets
Inventories	274,914	302,939	341,178	173,007	311,108
Account Receivable	484,101	184,851	182,219	360,770	242,810
Due from related parties (CA)	96,353	179,838	227,311	246,084	249,558
Prepayments and other receivables	36,762	11,372	9,307	11,772	40,434
Restricted bank balance (CA)	70,002	28,081	87,238	-	-
Cash	225,083	13,281	7,976	62,979	25,777
Current Assets	1,187,214	720,363	855,228	854,612	869,687
Non-current Assets
Fixed Assets (Property, Plant, Equipment etc), net	509,181	526,972	544,901	563,343	575,542
Right of use assets (NCA)	8,628	8,097	8,706	9,566	10,612
Due from related parties (non-current)	10,000	25,000	-	-	-
Total Non-current Assets	527,809	560,069	553,607	572,909	586,154
Total Assets	1,715,024	1,280,432	1,408,835	1,427,521	1,455,840
Liabilities & Shareholders' Equity
Liabilities
Current Liabilities
Accounts Payable	61,266	73,855	173,547	64,777	153,501
Accrued Expenses	80,381	81,674	59,688	49,970	66,167
Contract liabilities	227,159	-	-	-	-
Term Loan - Current maturities	77,171	95,206	82,940	69,340	61,493
Lease liabilities	1,860	859	760	760	760
Short term borrowings	834,620	596,847	591,692	650,113	549,743
Due to related parties	8,169	2,750	4,568	4,415	1,635
Provision for Zakat & Income Tax	1,983	402	1,038	2,147	2,106
Current Liabilities	1,292,609	851,594	914,233	841,521	835,404
Non-current Liabilities
Term Loan	33,170	79,277	154,747	222,487	292,909
Long term lease liability	7,879	8,635	9,132	9,852	10,615
Contract liabilities - non current	-	-	-	-	-
Employees' end of Service Benefits	19,700	16,851	17,449	19,188	17,855
Total Liabilities	1,353,358	956,357	1,095,561	1,093,048	1,156,783
Shareholders' equity
Capital	280,000	280,000	280,000	280,000	280,000
Statutory Reserves	15,725	11,873	11,873	11,873	8,361
Retained Earnings	65,941	32,202	21,401	42,601	10,696
Owners Equity	361,666	324,075	313,274	334,473	299,057
Total Liabilities & Shareholders Equity	1,715,024	1,280,432	1,408,835	1,427,521	1,455,840
Working Capital	-105,395	-131,231	-59,005	13,091	34,283

Cash Flow Data (SAR '000)

	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Operating Activities
Net Income for the year	38,521	9,374	-24,378	35,115	83,614
Adjustments to reconcile net income to net cash from activities
Depreciation of Property, Plant and Equipment	20,729	20,694	20,533	20,394	13,376
Depreciation on right of use assets (Adj)	1,043	881	860	1,046	1,096
Provisions and end of service benefits	3,132	2,390	2,942	2,997	3,065
Finance Cost	59,434	48,264	33,326	-	-
Finance Income	-13,506	-19,269	-21,681	-	-
Finance costs over lease liabilities (Adj)	581	588	574	628	659
Impairment loss on amount due from related parties	-	589	-2,397	4,500	-
Provision for impairment of trade receivables	445	2,262	2,009	-7,420	-
Gain/Loss on Sale of Fixed Asset - Property, Plant & Equipment	-	-24	-	-	-
Provision for zakat	2,341	1,976	175	2,263	2,172
Finished goods write-down to net realizable value (Adj)	-	-	-	1,856	-
Interest and commission receipts	-	-	-	30,415	44,992
Provision for doubtful debts written off	-	-	-	-1,995	-
Provision for slow moving and obsolete inventory	-	-	-	-	-
Provision for doubtful debts	-	-	-	-	-
Total Adjustments	112,720	67,724	11,963	89,799	148,974
Changes in operating assets and liabilities:
Inventories	28,025	38,238	-168,171	136,244	-26,984
Prepayments and other current assets	-25,390	-2,065	2,465	28,662	-9,571
Due from related parties	-	-261	-1,339	-1,026	-16,739
Accounts receivable	-299,694	-4,895	176,542	-108,545	-41,469
Changes in restricted deposit	-41,921	-	-	-	-
Accounts payable	-12,588	-99,692	108,770	-88,724	123,062
Due to related parties	5,419	-1,817	153	2,780	-3,269
Contract liabilities	187,168	-	-	-	-
Accrued expenses	46,898	13,786	-4,005	-15,616	-21,255
Cash generated from operations	638	11,018	126,379	43,573	152,750
Interest expense paid	-55,869	-40,063	-19,603	-31,987	-42,517
Employees end of service benefits paid	-1,213	-1,561	-1,501	-1,363	-1,208
Zakat paid	-760	-2,612	-1,285	-2,221	-1,185
Cash Flow From Operating Activities	-57,205	-33,219	103,990	8,002	107,840
Investing Activities
Purchase of Fixed Assets - property, Plant & equipment (CFI)	-2,938	-2,765	-2,092	-8,195	-51,957
Proceeds from sales of Fixed Assets - Property, Plant & Equipment (CFI)	-	24	-	-	-
Due from related parties (CFI)	92,721	41,414	44,190	-	-
Interest Received	19,269	-	-	-	-
From Investing Activities	109,052	38,673	42,099	-8,195	-51,957
Financing Activities
Repayment of the Term loan	-65,212	-63,204	-54,453	-61,583	10,276
Proceeds from short term bank borrowing	287,157	572,287	101,182	1,334,948	990,534
Repayment of short term bank borrowing	-60,660	-565,578	-159,355	-1,231,772	-1,030,940
Principal portion of lease payments	-1,330	-669	-720	-1,391	-821
Interest expense of lease liabities	-	-588	-574	-	-
Change in restricted cash	-	59,156	-87,238	-	-
From Financing Activities	159,954	1,404	-201,158	40,202	-30,951
Increase (Decrease) in Cash	211,802	6,858	-55,069	40,009	24,932
Cash and cash equivalents at beginning of the year	13,281	6,324	61,393	21,384	-3,548
Bank overdraft	-	-	-	-	-
Cash and cash equivalents at end of the year	225,083	13,182	6,324	61,393	21,384

Last Price 36.88	Change 0.7	Open 37.58	Day High 37.6	52 - Week High 51.8 (28/10/2025)
Last Update 12/4/2025 3:05:00 PM	Volume 13,831	Previous Close 45	Day Low 36.2	52 - Week Low 24.84 (18/06/2025)

Board Directors

Tariq A. Al-Qahtani

Salah A. A. Al-Qahtani

Yasser A. M. Al-Kadi

Salah A. A. Al-Qahtani

Abdullah A. A. Al-Qahtani

Salah A. S. Al-Hazzami

Senior Management

Ms. Fatima Yusuf

Izhar N. Khan

Major Shareholders

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About Group Five Pipe Saudi Co.

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Financial Highlights

Media

News

Group Five Pipe secures $1.2bn Saudi contracts

Announcements

Net profit announced for the 1st Half of the year 2025, SAR 125.18 million, an increase of 1260%.

Net profit announced for the year 2024, SAR 38.52 million, an increase of 311%.

Cash dividend announced for the year 2024, SR 0.50 per share.

Net profit announced for the 1st Half of the year 2024, SAR 9.21 million, a decrease of 4.9%.

Net profit announced for the year 2023, SAR 9.37 million, compared to a loss of SAR 24.38 million for the same period last year.

Meetings

Financials

Yearly Income Data(SAR '000)

Yearly Balance Sheet Data(SAR '000)

Cash Flow Data (SAR '000)

Financial Statement

Board Reports