Financial Results : Fesh Fash profit jumps 59% to SAR 4M in 2024; H2 at SAR 2M

Fesh Fash profit jumps 59% to SAR 4M in 2024; H2 at SAR 2M

23/03/2025 Argaam Exclusive

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Fesh Fash Snack Food Production Co. reported a net profit increase of 59% to SAR 4 million in 2024, from SAR 2.5 million a year before



Financials (M)

Item 2023 2024 Change‬
Revenues 33.75 37.73 11.8 %
Gross Income 9.80 11.63 18.8 %
Operating Income 2.32 4.32 85.8 %
Net Income 2.54 4.04 58.9 %
Average Shares 11.30 11.30 -
Earnings Per Share before unusual items (Riyals) 0.23 0.36 58.9 %
EPS (Riyal) 0.23 0.36 58.9 %

This came as sales increased by 12% in 2024, driven by opening new sales outlets and attracting new customers.

 



Current Half Annual Comparison (M)

Compared With The
Item H2 2023 H2 2024 Change‬
Revenues 16.40 18.76 14.4 %
Gross Income 4.96 5.42 9.2 %
Operating Income 1.32 2.13 61.3 %
Net Income 1.17 1.98 69.4 %
Average Shares 11.30 11.30 -
Earnings Per Share before unusual items (Riyal) 0.10 0.17 69.4 %
EPS (Riyal) 0.10 0.17 69.4 %

The H2 2024 net earnings leapt 69% to SAR 2 million, compared with SAR 1.17 million in the year-earlier period.

 

Biannually, however, the six-month bottom line shed 4.4% from SAR 2.07 million in H1 2024.

 

Total shareholders’ equity, no minority interest, grew to SAR 17.06 million as of Dec. 31, 2024, from SAR 14.95 million a year earlier.

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Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 16.55 - 4.48 - 2.43 -
H2 2020 15.04 - 4.17 - 1.56 -
H1 2021 14.13 (14.6 %) 5.00 11.6 % 2.18 (10.4 %)
H2 2021 15.69 4.3 % 3.78 (9.3 %) (0.61) (139.1 %)
H1 2022 15.71 11.2 % 4.71 (5.8 %) 2.32 6.8 %
H2 2022 15.74 0.4 % 3.61 (4.4 %) (0.37) 38.5 %
H1 2023 17.35 10.4 % 4.83 2.7 % 1.48 (36.2 %)
H2 2023 16.40 4.2 % 4.96 37.5 % 1.32 451.8 %
H1 2024 18.98 9.4 % 6.22 28.6 % 2.19 47.8 %
H2 2024 18.76 14.4 % 5.42 9.2 % 2.13 61.3 %
2024 37.73 11.8 % 11.63 18.8 % 4.32 85.8 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS(Riyal)
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 2.45 - 0.22 - 2.45 0.22
H2 2020 1.49 - 0.13 - 1.49 0.13
H1 2021 2.05 (16.2 %) 0.18 - 2.05 0.18
H2 2021 (0.65) (143.6 %) (0.06) - (0.65) (0.06)
H1 2022 2.26 10.1 % 0.20 - 2.26 0.20
H2 2022 (0.53) 18.8 % (0.05) - (0.53) (0.05)
H1 2023 1.38 (39.0 %) 0.12 - 1.38 0.12
H2 2023 1.17 321.4 % 0.10 - 1.17 0.10
H1 2024 2.07 49.9 % 0.18 - 2.07 0.18
H2 2024 1.98 69.4 % 0.17 - 1.98 0.17
2024 4.04 58.9 % 0.36 - 4.04 0.36

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 27.35 % 17.34 % 12.45 %
H1 2021 31.40 % 18.67 % 12.12 %
H2 2021 29.42 % 11.75 % 4.70 %
H1 2022 27.01 % 10.88 % 5.12 %
H2 2022 26.43 % 11.93 % 5.50 %
H1 2023 25.51 % 9.09 % 2.57 %
H2 2023 29.02 % 13.13 % 7.54 %
2023 29.02 % 11.71 % 7.54 %
H1 2024 31.60 % 14.75 % 9.13 %
H2 2024 30.83 % 17.52 % 10.71 %
2024 30.83 % 17.52 % 10.71 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Earnings Per Share before unusual items (Riyal) Book Value (BV)
H1 2015 - - - -
H2 2015 - - - -
H1 2016 - - - -
H2 2016 - - - -
H1 2017 - - - -
H2 2017 - - - -
H1 2018 - - - -
H2 2018 - - - -
H1 2019 - - - -
H2 2019 - - - -
H1 2020 11.30 - - -
H2 2020 11.30 0.35 0.35 1.42
H1 2021 11.30 0.31 0.31 1.30
H2 2021 11.30 0.12 0.12 1.24
H1 2022 11.30 0.14 0.14 1.34
H2 2022 11.30 0.15 0.15 1.27
H1 2023 11.30 0.08 0.08 1.24
H2 2023 11.30 0.23 0.23 1.32
H1 2024 11.30 0.29 0.29 1.33
H2 2024 11.30 0.36 0.36 1.51

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Recurring P/E Price/book
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
H1 2021 87.87 87.87 21.19
H2 2021 More than 100 More than 100 29.76
H1 2022 More than 100 More than 100 12.97
H2 2022 94.85 94.85 11.46
H1 2023 More than 100 More than 100 14.13
H2 2023 77.31 77.31 13.14
H1 2024 57.70 57.70 12.44
H2 2024 42.45 42.45 10.05


Financial Ratios
Current
Market Cap (M Riyal) 133.45
Enterprise Value (EV) (M Riyal) 133.21
Shares Outstanding ((M)) 11.30
Book Value (BV) ( Riyal) 1.78
Par Value ( Riyal) 1.00
Recurring P/E 26.87
Price/book 6.65
EV/adj EBITDA 16.98
EV/Revenues 3.47
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Share Price

Fesh Fash Snack Food Production Co.
11.81
(0.19) (1.58 %)

Fesh Fash Snack Food Production Co. (FESH FASH)

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