Item | 6m 2024 | 6m 2025 | Change |
---|---|---|---|
Revenues | 4,730.16 | 5,162.52 | 9.1 % |
Gross Income | 1,791.62 | 1,909.78 | 6.6 % |
Operating Income | 490.79 | 511.12 | 4.1 % |
Net Income | 480.69 | 493.57 | 2.7 % |
Average Shares | 130.00 | 130.00 | - |
Earnings Per Share before unusual items (Riyals) | 3.70 | 3.66 | (1.0 %) |
EPS (Riyal) | 3.70 | 3.80 | 2.7 % |
Nahdi reported gross revenue of SAR 5.16 billion in H1 2025, a 9.1% year-on-year (YoY) growth as retail business top-line rose 7.3%. The company also cited the solid performance across pharma and front shop divisions.
H1 2025, gross profit grew by 6.6% YoY (SAR 118.2 million) to SAR 1.9 billion on revenue growth. Gross margin stood at 37%, compared to 37.9% in the same period last year, mainly driven by the ongoing investments to support top-line rise and the accelerated growth in the healthcare and ecommerce businesses.
Operating profit rose 5.1%, fuelled by an increase in gross profit. During the period, the company accelerated new store openings while continuing to invest in the expansion of its healthcare and UAE retail businesses, in addition to the digital transformation initiatives.
These investments led to higher operating expenses and affected the phasing of expenses throughout the period, affecting the profitability growth. However, this impact was partially offset by ongoing operational efficiency initiatives, which contributed to improving operating expenses as a percentage of revenue by 0.4%, reaching 27.1%, compared to 27.5% in the same period last year.
Item | Q2 2024 | Q2 2025 | Change |
---|---|---|---|
Revenues | 2,472.66 | 2,527.57 | 2.2 % |
Gross Income | 936.24 | 965.95 | 3.2 % |
Operating Income | 267.58 | 247.96 | (7.3 %) |
Net Income | 247.74 | 238.40 | (3.8 %) |
Average Shares | 130.00 | 130.00 | - |
Earnings Per Share before unusual items (Riyal) | 1.91 | 1.83 | (3.8 %) |
EPS (Riyal) | 1.91 | 1.83 | (3.8 %) |
Item | Q1 2025 | Q2 2025 | Change |
---|---|---|---|
Revenues | 2,634.95 | 2,527.57 | (4.1 %) |
Gross Income | 943.82 | 965.95 | 2.3 % |
Operating Income | 263.16 | 247.96 | (5.8 %) |
Net Income | 255.16 | 238.40 | (6.6 %) |
Average Shares | 130.00 | 130.00 | - |
Earnings Per Share before unusual items (Riyal) | 1.83 | 1.83 | 0.4 % |
EPS (Riyal) | 1.96 | 1.83 | (6.6 %) |
On a quarterly basis, net earnings fell 6.6% from SAR 255.16 million in Q1 2025.
Total shareholders’ equity, no minority interest, reached SAR 2.68 billion by June 30, 2025, compared to SAR 2.57 billion in the prior-year period.
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