Riyadh – Mubasher: East Pipes Integrated Company for Industry has reported a 50.02% surge in net profit for the fiscal year (FY) that ended on 31 March 2026.
The net income reached a historic high of SAR 573.26 million in FY25/26 from SAR 382.12 million in FY24/25, according to a bourse filing.
East Pipes Integrated generated total revenues of SAR 2.29 billion in April 2025 to March 2026, representing a 25.36% increase compared to SAR 1.83 billion recorded in the previous fiscal year.
Management attributed the revenue growth primarily to higher sales volumes, which aligned with scheduled delivery plans, and an increase in the average selling price per ton.
The company’s gross profit rose by 40.55% to SAR 646.67 million in FY25/26, while operating profit climbed 42.98% to reach SAR 614.55 million.
East Pipes Integrated stated that the achieved record-breaking revenue and cash flow metrics while successfully transitioning to a debt-free financial position for the first time since its establishment in 2010.
The company’s profitability was further bolstered by earnings before interest, taxes, depreciation, and amortization (EBITDA), which reached SAR 655.80 million, a 40.7% year-on-year (YoY) increase. This resulted in an EBITDA margin of 28.5%, a 300-basis point improvement over the prior year.
Net profit margins also expanded to 25%, up from 20.8% in the 2025 fiscal year.
Beyond operational efficiencies, the net profit growth was supported by increased returns on time deposits and a reduction in overall financing costs.
Shareholder equity grew by 37.9% to SAR 1.56 billion, and earnings per share rose to SAR 18.2 in FY25/26 from SAR 12.13 in the prior year.
The record financial performance underscores the company’s strengthened market position as a leading provider of spiral pipes for critical water, oil, and gas infrastructure projects in Saudi Arabia.
With a reinforced balance sheet and the elimination of all outstanding debt, East Pipes Integrated enters the new fiscal year, from 1 April 2026 until 31 March 2027, with significant liquidity and expanded production capabilities to support future contract awards and industrial growth.
