| Element List |
Explanation |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is |
Total revenue for the first quarter of 2025 was SAR 405.65 billion ($108.17 billion), compared to SAR 402.04 billion ($107.21 billion) for the same quarter in 2024. The increase in revenue was mainly due to higher volumes sold of gas and refined and chemical products, as well as higher traded volumes of crude oil. This was partially offset by lower prices of refined and chemical products as well as crude oil compared to the same quarter of previous year. |
| 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 for the first quarter of 2025 was SAR 97.54 billion ($26.01 billion), compared to SAR 102.27 billion ($27.27 billion) for the same quarter in 2024. The decrease was mainly due to the impact of lower revenue and other income related to sales as well as higher operating costs. This was partially offset by lower income taxes and zakat driven by lower taxable income recorded in the first quarter of 2025. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is |
Total revenue for the first quarter of 2025 was SAR 405.65 billion ($108.17 billion), compared to SAR 392.92 billion ($104.78 billion) for the fourth quarter of 2024. The increase in revenue was mainly driven by higher crude oil prices, higher traded volumes of crude oil, and higher refined and chemical products prices. This was partially offset by lower volumes sold of refined and chemical products compared to the previous quarter. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is |
Net income for the first quarter of 2025 was SAR 97.54 billion ($26.01 billion), compared to SAR 83.78 billion ($22.34 billion) for the fourth quarter of 2024. The increase was mainly driven by higher revenue and other income related to sales as well as lower operating costs. This was partially offset by higher income taxes and zakat driven by higher taxable income compared to the previous quarter. |
| 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) |
- |
| Reclassification of Comparison Items |
None |
| Additional Information |
- Given the nature of Saudi Aramco’s business in exploring, prospecting, drilling and extracting hydrocarbon substances (Upstream), Saudi Aramco’s consolidated statement of income does not include gross profit. - Other income related to sales was SAR 23.97 billion for the first quarter of 2025 (Q1 2024: SAR 35.81 billion, Q4 2024: SAR 35.67 billion). As a result, revenue and other income related to sales amounted to SAR 429.61 billion for the first quarter of 2025 (Q1 2024: SAR 437.85 billion, Q4 2024: SAR 428.59 billion). |
| Attached Documents |
 |
Comments