MOBI Industry Co. reported a net profit drop of 35% to SAR 14.2 million in the first half of 2025 from SAR 21.7 million in the prior-year period.
Item | H1 2024 | H1 2025 | Change |
---|---|---|---|
Revenues | 117.58 | 118.84 | 1.1 % |
Gross Income | 44.47 | 41.66 | (6.3 %) |
Operating Income | 22.11 | 14.29 | (35.4 %) |
Net Income | 21.65 | 14.17 | (34.6 %) |
Average Shares | 50.00 | 50.00 | - |
Earnings Per Share before unusual items (Riyal) | 0.43 | 0.28 | (34.6 %) |
EPS (Riyal) | 0.43 | 0.28 | (34.6 %) |
Item | H2 2024 | H1 2025 | Change |
---|---|---|---|
Revenues | 113.11 | 118.84 | 5.1 % |
Gross Income | 40.97 | 41.66 | 1.7 % |
Operating Income | 15.80 | 14.29 | (9.6 %) |
Net Income | 15.94 | 14.17 | (11.1 %) |
Average Shares | 50.00 | 50.00 | - |
Earnings Per Share before unusual items (Riyal) | 0.32 | 0.28 | (11.1 %) |
EPS (Riyal) | 0.32 | 0.28 | (11.1 %) |
The company cited an increase of SAR 6.69 million year-on-year (YoY) in the cost of goods sold, including shipping costs, higher prices of some raw materials, as well as the increased direct and indirect costs.
MOBI’s discounts and promotions rose by SAR 3.11 million YoY in the six-month period. Moreover, advertising costs increased by SAR 600,000 on an annual basis, as MOBI aimed to maintain its market share.
On the other hand, revenues grew, as detergent sales improved by SAR 3 million YoY in the current period.
Total shareholders’ equity, with no minority interest, reached SAR 81.33 million as of June 30, 2025, up from SAR 74.82 million in the year-earlier period.
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