Fad International Co. reported a 15% fall in its H1 2025 net profit to SAR 12.8 million, from SAR 15.1 million a year earlier.
Item | H1 2024 | H1 2025 | Change |
---|---|---|---|
Revenues | 105.10 | 97.82 | (6.9 %) |
Gross Income | 67.37 | 64.36 | (4.5 %) |
Operating Income | 17.08 | 13.62 | (20.2 %) |
Net Income | 15.09 | 12.81 | (15.1 %) |
Average Shares | 1.20 | 1.20 | - |
Earnings Per Share before unusual items (Riyal) | 12.57 | 10.19 | (19.0 %) |
EPS (Riyal) | 12.57 | 10.68 | (15.1 %) |
Item | H2 2024 | H1 2025 | Change |
---|---|---|---|
Revenues | 51.68 | 97.82 | 89.3 % |
Gross Income | 33.40 | 64.36 | 92.7 % |
Operating Income | (9.96) | 13.62 | 236.8 % |
Net Income | (10.75) | 12.81 | 219.2 % |
Average Shares | 1.20 | 1.20 | - |
Earnings Per Share before unusual items (Riyal) | (8.96) | 10.19 | 213.8 % |
EPS (Riyal) | (8.96) | 10.68 | 219.2 % |
The company attributed the earnings drop to a SAR 7.3 million decline in retail sales revenue and a SAR 1.3 million decrease in e-commerce revenue.
This was despite a SAR 1.4 million increase in wholesale revenue and lower cost of revenue.
Shareholders’ equity, no minority interest, sank to SAR 27.68 million as of June 30, 2025, compared to SAR 31.95 million in the year before.
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