ADES Holding posts strong Q1 results amid regional challenges. The Saudi construction company reported net profits of SAR 236.44 million, up 21.78% year-over-year, while revenues surged 62.61% to SAR 2.39 billion. Earnings per share climbed to SAR 0.21 from SAR 0.18. Despite temporary operational suspensions in the GCC due to geopolitical uncertainty, management characterizes these disruptions as short-term and event-driven rather than demand-driven. The company maintains a robust backlog of SAR 34.47 billion, among the highest in the industry. Quarter-over-quarter, net profits increased 7.14% and revenues jumped 20.37%, demonstrating resilience in the face of regional headwinds and highlighting strong underlying business fundamentals.
