Financial Results : Alsaif Gallery’s Q1 2025 profit up 13% to SAR 35.2M

Alsaif Gallery’s Q1 2025 profit up 13% to SAR 35.2M

05/05/2025 Argaam Exclusive

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Alsaif Stores for Development and Investment Co. (Alsaif Gallery)  reported a net profit of SAR 35.2 million in Q1 2025, an increase of 13%, compared to SAR 31.2 million in Q1 2024.


Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 270.01 229.26 (15.1 %)
Gross Income 66.40 67.82 2.1 %
Operating Income 36.56 37.94 3.8 %
Net Income 31.22 35.16 12.6 %
Average Shares 350.00 350.00 -
Earnings Per Share before unusual items (Riyal) 0.09 0.10 12.6 %
EPS (Riyal) 0.09 0.10 12.6 %

Net profit rose supported by higher gross profit resulting from improvements in margin strategy and direct cost management; reduced selling and marketing expenses through enhanced spending efficiency and reduced financing costs following a restructuring of the financial framework and enhanced liquidity management.

 

Meanwhile, the company noted a 15% decline in sales on lower sales across certain product categories.

 

On a sequential basis, net earnings surged from SAR 2.55 million in Q4 2024.

 

Total shareholders’ equity, no minority interest, stood at SAR 474.4 million as of March 31, 2025, compared to SAR 433.8 million a year earlier.

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