WAJA Co.’s net profit amounted to SAR 1.5 million in H1 2025, plunging by 80% from SAR 7.4 million in the same period a year earlier.
The annual profit drop was mainly attributed to a SAR 46.16 million (47.45%) revenue decline, compared to H1 2024. This was due to a fall in awarded contracts and a weaker backlog of outstanding projects.
Item | H1 2024 | H1 2025 | Change |
---|---|---|---|
Revenues | 97.29 | 51.13 | (47.4 %) |
Gross Income | 14.16 | 12.89 | (9.0 %) |
Operating Income | 9.33 | 4.34 | (53.5 %) |
Net Income | 7.44 | 1.49 | (80.0 %) |
Average Shares | 70.00 | 70.00 | - |
Earnings Per Share before unusual items (Halala) | 10.63 | 2.12 | (80.0 %) |
EPS (Halala) | 10.63 | 2.12 | (80.0 %) |
Item | H2 2024 | H1 2025 | Change |
---|---|---|---|
Revenues | 101.52 | 51.13 | (49.6 %) |
Gross Income | 11.22 | 12.89 | 14.9 % |
Operating Income | 0.26 | 4.34 | 1543.0 % |
Net Income | (1.75) | 1.49 | 185.1 % |
Average Shares | 70.00 | 70.00 | - |
Earnings Per Share before unusual items (Halala) | (2.50) | 2.12 | 185.1 % |
EPS (Halala) | (2.50) | 2.12 | 185.1 % |
Compared to H2 2024, WAJA turned to profits from a SAR 1.75 million loss.
Total shareholders’ equity, no minority interest, amounted to SAR 102.64 million by the end of the first six months of this year, slightly down from SAR 102.69 million in H1 2024.
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