Qomel profit slumps 32% to SAR 15M in 2025; H2 at SAR 4.9M

16/03/2026 Argaam Exclusive

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Qomel Co. reported a net profit slump of 32% to SAR 15 million in 2025, compared to SAR 22 million a year earlier.



Financials (M)

Item 2024 2025 Change‬
Revenues 124.20 132.23 6.5 %
Gross Income 42.86 39.70 (7.4 %)
Operating Income 26.22 20.03 (23.6 %)
Net Income 21.96 14.96 (31.9 %)
Average Shares 7.00 7.00 -
Earnings Per Share before unusual items (Riyals) 3.14 2.14 (31.9 %)
EPS (Riyal) 3.14 2.14 (31.9 %)

The profit decline was attributed to the implementation of the company’s expansion plan and the launch and operation of Phase 1 of the plant. This led to higher start-up and operating expenses related to production activities, including the hiring of qualified technical staff.

 

Qomel also pointed to increased product registration costs to support its expansion—particularly into the private sector—aimed at gaining market share, in addition to the recruitment of new sales and marketing teams.

 

Revenues increased year-on-year in 2025 due to the expansion of business activities and higher volumes of deliveries/supplies.



Current Half Annual Comparison (M)

Compared With The
Item H2 2024 H2 2025 Change‬
Revenues 65.64 61.00 (7.1 %)
Gross Income 23.21 16.47 (29.0 %)
Operating Income 13.62 5.99 (56.0 %)
Net Income 10.95 4.89 (55.4 %)
Average Shares 7.00 7.00 -
Earnings Per Share before unusual items (Riyal) 1.56 0.70 (55.4 %)
EPS (Riyal) 1.56 0.70 (55.4 %)

H2 2025 profit dropped 55% to SAR 4.9 million, compared to SAR 10.95 million in the prior-year period.

 

Net profit plummeted 51.5% from SAR 10.07 million in H1 2025.

 

Total shareholders’ equity (after minority interest) amounted to SAR 119.9 million as of Dec. 31, 2025, compared to SAR 105 million in the year-earlier period.

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Share Price

Qomel Co.
43.00
0.50 1.18 %

Qomel Co. (QOMEL)

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Financial Ratios
Current
Market Cap (M Riyal) 301.00
Enterprise Value (EV) (M Riyal) 324.01
Shares Outstanding ((M)) 7.00
Book Value (BV) ( Riyal) 17.13
Par Value ( Riyal) 10.00
Recurring P/E 20.12
Price/book 2.51
EV/adj EBITDA -
EV/Revenues 2.45
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