Zahr Al Khuzama Aluminum Co. (Lavenco), which is set to be listed in on the Nomu-Parallel Market soon, reported a net profit of SAR 2.5 million in H1 2025, a 39% increase from SAR 1.8 million a year earlier.
Item | H1 2024 | H1 2025 | Change |
---|---|---|---|
Revenues | 6.70 | 14.85 | 121.9 % |
Gross Income | 4.30 | 9.82 | 128.4 % |
Operating Income | 2.05 | 2.88 | 40.5 % |
Net Income | 1.82 | 2.53 | 39.0 % |
Average Shares | 1.20 | 1.20 | - |
Earnings Per Share before unusual items (Riyal) | 1.51 | 2.11 | 39.0 % |
EPS (Riyal) | 1.51 | 2.11 | 39.0 % |
Item | H2 2024 | H1 2025 | Change |
---|---|---|---|
Revenues | 17.78 | 14.85 | (16.4 %) |
Gross Income | 6.89 | 9.82 | 42.4 % |
Operating Income | 3.70 | 2.88 | (22.1 %) |
Net Income | 3.27 | 2.53 | (22.6 %) |
Average Shares | 1.20 | 1.20 | - |
Earnings Per Share before unusual items (Riyal) | 2.72 | 2.11 | (22.6 %) |
EPS (Riyal) | 2.72 | 2.11 | (22.6 %) |
The profit increase came as revenue surpassed 2x, reaching SAR 14.9 million compared to SAR 6.7 million in the same period last year. The company’s revenue is generated from the design, supply, and installation of fabricated aluminum sections.
Gross profit margin increased to 66% in H1 2025, up from 64% in the same period last year, due to the rise in revenue.
EBITDA reached SAR 3 million by the end of H1 2025, compared to SAR 2.13 million a year earlier.
This improvement came despite a decline in operating profit margin to 19% in H1 2025, down from 31% in the same period last year, resulting from a 77% increase in operating expenses of SAR 3.6 million and a significant increase in expected credit loss provisions to SAR 3.3 million, compared to SAR 216,000 a year before.
Sequentially, net profit fell 22.6% from SAR 3.27 million in H2 2024.
Shareholders’ equity, no minority interest, stood at SAR 18.8 million at the end of H1 2025, up from SAR 13.8 million in H1 2024.
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