Naqi Water’s Q1 2025 net profit falls 54% to SAR 3.6M

15/05/2025 Argaam Exclusive

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Naqi Water Co. posted SAR 3.64 million in net profit for Q1 2025, down 54% from SAR 7.91 million in Q1 2024.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 57.71 44.47 (22.9 %)
Gross Income 19.15 15.99 (16.5 %)
Operating Income 7.67 2.79 (63.6 %)
Net Income 7.91 3.64 (54.0 %)
Average Shares 20.00 20.00 -
Earnings Per Share before unusual items (Riyals) 0.40 0.18 (54.0 %)
EPS (Riyals) 0.40 0.18 (54.0 %)

The year-on-year (YoY) profit decline was due to lower sales as a result of the company's strategic plan and its focus on growing its retail bottled water business. However, the company maintained a higher gross profit YoY because of better control of the cost of sales.

 

In addition to an increase in selling and distribution expenses resulting from additional expansions in the retail sector and higher transportation costs due to the rise in fuel (diesel) costs, which began at the start of 2025.

 

Sequentially, Naqi Water’s net profit soared 172% from SAR 1.34 million in Q4 2024, driven primarily by the reduction in the cost of sales which influenced the gross profit margin, in addition to the realization of non-operating income.

 

Shareholders' equity, after minority interest, amounted to SAR 277.77 million in Q1 2025, compared to SAR 261.30 million in the prior-year period.

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Share Price

Naqi Water Co.
55.20
(0.20) (0.36 %)

Naqi Water Co. (NAQI)

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Financial Ratios
Current
Market Cap (M Riyal) 1,104.00
Enterprise Value (EV) (M) 1,031.06
Shares Outstanding ((M)) 20.00
EPS ( Riyal) (TTM) 1.30
Book Value (BV) ( Riyal) 13.89
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 42.32
P/E (TTM) 42.32
Price/book 3.97
Return on Average Assets (%) (TTM) 8.5
Return on Average Equity (%) (TTM) 9.7
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