Munawla Cargo Co.’s net profit retreated to SAR 3.6 million in H1 2025, from SAR 3.9 million a year earlier.
Item | H1 2024 | H1 2025 | Change |
---|---|---|---|
Revenues | 65.97 | 67.11 | 1.7 % |
Gross Income | 8.42 | 9.96 | 18.3 % |
Operating Income | 4.49 | 4.27 | (4.9 %) |
Net Income | 3.94 | 3.56 | (9.5 %) |
Average Shares | 2.00 | 2.00 | - |
Earnings Per Share before unusual items (Riyal) | 1.97 | 1.78 | (9.5 %) |
EPS (Riyal) | 1.97 | 1.78 | (9.5 %) |
Item | H2 2024 | H1 2025 | Change |
---|---|---|---|
Revenues | 72.29 | 67.11 | (7.2 %) |
Gross Income | 10.26 | 9.96 | (2.9 %) |
Operating Income | 3.50 | 4.27 | 22.0 % |
Net Income | 2.40 | 3.56 | 48.2 % |
Average Shares | 2.00 | 2.00 | - |
Earnings Per Share before unusual items (Riyal) | 1.20 | 1.78 | 48.2 % |
EPS (Riyal) | 1.20 | 1.78 | 48.2 % |
The annual profit decline was attributed to the non-recurrence of a SAR 2.1 million reversal of an expected credit loss provision that boosted net profit in 2024.
Excluding this one-off item, the company’s operating performance in the current period showed revenue growth compared with the previous period.
Meanwhile, sales/revenues soared year-on-year (YoY) in H1 2025, driven by Munawla’s expansion in the land transport segment.
Total shareholders’ equity, no minority interest, reached SAR 43.43 million by the end of June 2025, compared to SAR 39.14 million a year earlier.
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