Financial Results : Herfy swings to loss of SAR 18.6M in Q1 2025

Herfy swings to loss of SAR 18.6M in Q1 2025

05/05/2025 Argaam Exclusive

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Herfy Food Services Co. swung to a net loss of SAR 18.59 million in the first quarter of 2025, against a net profit of SAR 448,000 in the year-earlier period



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 289.04 268.55 (7.1 %)
Gross Income 72.10 61.40 (14.8 %)
Operating Income 9.40 (9.56) (201.7 %)
Net Income 0.45 (18.60) (4249.2 %)
Average Shares 64.68 64.68 -
Earnings Per Share before unusual items (Riyals) 0.01 (0.29) (4249.2 %)
EPS (Riyals) 0.01 (0.29) (4249.2 %)

The annual losses were due to the decrease in sales and net other Income, coupled with an increase in general & administration (G&A) and Zakat expenses for Q1 2025.

 

This came despite the drop in selling & marketing expenses and finance costs for the same quarter.

 

Compared to Q4 2024, the three-month net losses narrowed 69% from SAR 59.9 million, backed by the sequential uptick in sales amid lower G&A and Zakat expenses on a quarterly basis for Q1 2025.

 

Total shareholders’ equity, no minority interest, shrank to SAR 906.39 million as of March 31, 2025, compared to SAR 1.03 billion a year earlier.

 

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