Americana Restaurants International PLC reported a net profit of SAR 122.4 million for Q1 2025, an increase of 17% from SAR 105.1 million in the year-earlier period.
Item | Q1 2024 | Q1 2025 | Change |
---|---|---|---|
Revenues | 1,850.64 | 2,150.19 | 16.2 % |
Gross Income | 953.28 | 1,136.02 | 19.2 % |
Operating Income | 116.61 | 151.65 | 30.0 % |
Net Income | 105.09 | 122.43 | 16.5 % |
Average Shares | 8,423.63 | 8,423.63 | - |
Earnings Per Share before unusual items (Halala) | 1.25 | 1.45 | 16.5 % |
EPS (Halala) | 1.25 | 1.45 | 16.5 % |
Item | Q4 2024 | Q1 2025 | Change |
---|---|---|---|
Revenues | 2,208.59 | 2,150.19 | (2.6 %) |
Gross Income | 1,182.65 | 1,136.02 | (3.9 %) |
Operating Income | 227.50 | 151.65 | (33.3 %) |
Net Income | 155.17 | 122.43 | (21.1 %) |
Average Shares | 8,423.63 | 8,423.63 | - |
Earnings Per Share before unusual items (Halala) | 2.40 | 1.45 | (39.5 %) |
EPS (Halala) | 1.84 | 1.45 | (21.1 %) |
Total revenue jumped 16.2% year-on-year (YoY), on a like-for-like sales growth, and the expansion of the store network.
Gross profit margins also improved on cost initiatives.
Americana’s net profit was weighed down by new tax regulations of $3.5 million in some key markets in Q1 2025. This impact was also due to other positive one-off items amounting to $7.4 million, which mainly include marketing cost reliefs recorded in Q1 2024.
The company’s net earnings dropped by 21.1% from SAR 155.1 million in Q4 2024, as sales declined by 3% quarter-on-quarter (QoQ). The decline was primarily attributed to lower sales during Ramadan, which in turn impacted working hours and consumer behavior.
Total shareholders’ equity, after minority interest, stood at SAR 1.60 billion by March 31, 2025, compared to SAR 1.73 billion a year earlier.
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