Financial Results : BinDawood Holding profit falls 3% to SAR 161M in 9M 2025; Q3 at SAR 42.1M

BinDawood Holding profit falls 3% to SAR 161M in 9M 2025; Q3 at SAR 42.1M

10/11/2025 Argaam Exclusive

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BinDawood Holding Co. reported a net profit SAR 161 million in the first nine months of 2025, a decline of 3% from SAR 165.6 million in the year-earlier period.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 4,252.10 4,678.11 10.0 %
Gross Income 1,380.98 1,582.73 14.6 %
Operating Income 234.08 243.62 4.1 %
Net Income 165.60 161.02 (2.8 %)
Average Shares 1,143.00 1,143.00 -
Earnings Per Share before unusual items (Riyals) 0.14 0.14 (2.8 %)
EPS (Riyal) 0.14 0.14 (2.8 %)

Operating expenses increased to SAR 1.33 billion, due to consolidation of retail pharma and distribution businesses, as well as full-period impact of store operating costs for 2024 openings and new stores launched in 2025. This was along with integration of pharmacy sections within BinDawood and Danube stores, as well as higher staffing, utilities, and logistics expenses.

 

However, the company achieved 10% revenue growth in 9M 2025, driven by growth in retail grocery, retail pharma, and distribution segments.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 1,361.33 1,529.42 12.3 %
Gross Income 449.51 520.75 15.8 %
Operating Income 53.61 74.04 38.1 %
Net Income 33.29 42.07 26.4 %
Average Shares 1,143.00 1,143.00 -
Earnings Per Share before unusual items (Riyal) 0.03 0.04 26.4 %
EPS (Riyal) 0.03 0.04 26.4 %
The third-quarter net earnings rose 26.4% to SAR 42.1 million from SAR 33.2 million in Q3 2024, spurred mainly by higher sales.
The company’s Q3 net income dropped by 18.8% from SAR 51.8 million in Q2 2025.
 

Total shareholders’ equity, after minority interest, reached SAR 1.45 billion as of Sept. 30, 2025, compared to SAR 1.44 billion in the corresponding period of 2024.

Attached documents:

 

 

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