In 2024, Bahri achieved a historic net profit of SAR 2.17 billion, marking a 34% increase year-on-year, and record revenues of SAR 9.48 billion, up 8% YoY. Q4 2024 net profit rose 18% YoY to SAR 474 million, driven by fleet expansion, cost efficiencies, and higher cargo volumes. The fleet expanded to 109 vessels, with 11 new additions. Bahri’s net debt-to-EBITDA ratio stood at 1.68x, reflecting financial resilience. Strategic initiatives included operating two mobile desalination barges and launching the Yanbu Grain Handling Terminal, reinforcing Bahri’s role in Saudi Arabia’s Vision 2030 logistics transformation.