WAJA Co. posted a net profit of SAR 1.1 million in Q1 2025, a slump of 76% from SAR 4.7 million in the year-earlier period.
Item | 3m 2024 | 3m 2025 | Change |
---|---|---|---|
Revenues | 34.69 | 25.20 | (27.3 %) |
Gross Income | 6.38 | 4.59 | (28.0 %) |
Operating Income | 4.95 | 2.14 | (56.8 %) |
Net Income | 4.74 | 1.13 | (76.1 %) |
Average Shares | 70.00 | 70.00 | - |
Earnings Per Share before unusual items (Halala) | 6.78 | 1.62 | (76.1 %) |
EPS (Halala) | 6.78 | 1.62 | (76.1 %) |
WAJA cited a 27.35% fall year-on-year (YoY) in revenue, primarily due to a decline in new awards and the size of existing projects. The company also recorded lower profit margins.
Total shareholders’ equity, no minority interest, rose to SAR 102.29 million as of March 31, 2025, from SAR 101.15 million a year earlier.
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