Riyadh - Mubasher: Al Hassan Ghazi Ibrahim Shaker Company (Shaker Group) generated net profits totaling SAR 64.91 million in the first nine months (9M) of 2025, which were lower by 2.25% than SAR 66.41 million in 9M-24.

The earnings per share (EPS) retreated to SAR 1.17 in 9M-25 from SAR 1.20 in 9M-24, according to the financial results.

Revenues stood at SAR 1.114 billion in the January-September 2025 period, down 0.25% year-on-year (YoY) from SAR 1.116 billion.

Quarterly Results

In the third quarter (Q3) of 2025, the group’s net profits edged up by 0.57% to SAR 17.81 million from SAR 17.71 million in Q3-24.

The Tadawul-lised company logged an annual decline of 3.82% in revenues to SAR 344.90 million in Q3-25, compared to SAR 358.61 million in Q3-24.

Quarterly, the Q3-25 net profits dropped by 10.43% compared to SAR 19.89 million, whereas the revenues decreased by 6.47% from SAR 368.77 million.

Mohammed Ibrahim Abunayyan, CEO of Shaker Group, said: “The Q3 continued to show the strength of our Elevate 2027 strategy, as we advanced partnerships, deepened localization, and grew our retail presence.”

“With ‘shop in shops’ now live in Abyat in Riyadh, Jeddah, and Dammam, we are proud to have achieved our 2025 target of 15 stores through a capital efficient model that brings our full portfolio closer to customers,” he added.

The CEO noted: “Our collaboration with LG and DataVolt for providing HVAC Solutions to AI data centers reinforces Shaker’s role in delivering advanced, sustainable cooling solutions for the Kingdom’s digital transformation.”

“We also launched our first locally manufactured Air Handling Unit, marking a key milestone in building industrial capability within Saudi Arabia,” Abunayyan continued.

In August 2025, Shaker Group’s board proposed raising the company’s capital to SAR 677.10 million from SAR 555 million.