Munawla Cargo earnings grow 28% to SAR 6.3M in 2024; H2 at SAR 2.4M

27/03/2025 Argaam Exclusive

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Munawla Cargo Co.’s earnings rose 28% to SAR 6.3 million in 2024, compared to SAR 5 million in the year before.



Financials (M)

Item 2023 2024 Change‬
Revenues 117.42 138.26 17.7 %
Gross Income 21.23 18.68 (12.0 %)
Operating Income 6.14 7.99 30.2 %
Net Income 4.95 6.34 28.1 %
Average Shares 2.00 2.00 -
Earnings Per Share before unusual items (Riyals) 2.48 3.17 28.1 %
EPS (Riyals) 2.48 3.17 28.1 %

The annual profit increase was driven by higher revenues, thanks to the elevated sea freight and transportation sales. This is paired with the introduction of the customs clearance department and expansion in the warehousing sector.



Current Half Annual Comparison (M)

Compared With The
Item H2 2023 H2 2024 Change‬
Revenues 58.11 72.29 24.4 %
Gross Income 10.55 10.26 (2.8 %)
Operating Income 3.37 3.50 4.0 %
Net Income 2.88 2.40 (16.5 %)
Average Shares 2.00 2.00 -
Earnings Per Share before unusual items (Riyals) 1.44 1.20 (16.5 %)
EPS (Riyals) 1.44 1.20 (16.5 %)

In H2 2024, the company reported a net profit of SAR 2.4 million, a 16.5% decline from SAR 2.88 million in H2 2023.

 

On a biannual basis, the six-month bottom line fell 39% from SAR 3.94 million in H1 2024.

 

Shareholders’ equity, no minority interest, rose to SAR 41.4 million as of Dec. 31, 2024, from SAR 32.2 million a year earlier.

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Share Price

Munawla Cargo Co.
52.00
(0.60) (1.13 %)

Munawla Cargo Co. (MUNAWLA)

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Financial Ratios
Current
Market Cap (M Riyal) 104.00
Enterprise Value (EV) (M) 102.12
Shares Outstanding ((M)) 2.00
Book Value (BV) ( Riyal) 20.69
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 16.40
Price/book 2.51
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