Financial Results : MOBI’s Q1 2025 profit plunges 25.8% to SAR 10.1M

MOBI’s Q1 2025 profit plunges 25.8% to SAR 10.1M

14/05/2025 Argaam Exclusive

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MOBI Industry Co. reported a net profit drop of 25.8% to SAR 10.1 million in the first quarter of 2025 from SAR 13.65 million in the prior-year period.

 


Financials (M)

Item 3m 2024 3m 2025 Change‬
Revenues 60.93 61.20 0.4 %
Gross Income 24.10 22.96 (4.7 %)
Operating Income 13.66 10.13 (25.8 %)
Net Income 13.66 10.13 (25.8 %)
Average Shares 50.00 50.00 -
Earnings Per Share before unusual items (Riyals) 0.27 0.20 (25.8 %)
EPS (Riyals) 0.27 0.20 (25.8 %)


The profit drop was attributed to a 1.16% year-on-year (YoY) increase in promotional discount rates, which contributed to higher overall sales volumes.

 

In addition, operating costs rose 2.03% YoY due to increased raw material shipping costs and other operating expenses.

 

Moreover, selling expenses, warehouse rental costs, and financing costs rose 1.88%, 0.56% and 45% YoY, respectively.

 

On the other hand, sales through promotional campaigns grew, contributing to a 3.73% YoY increase in detergent product sales.

 

Shareholders’ equity, no minority interest, inched up to SAR 84.75 million as of March 31, 2025, from SAR 83.35 million a year earlier.

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