Financial Results : Sport Clubs Q1 2025 profit falls 15% to SAR 3.4M

Sport Clubs Q1 2025 profit falls 15% to SAR 3.4M

04/06/2025 Argaam Exclusive

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Sport Clubs Co., set to launch IPO on TASI, posted net earnings of SAR 3.4 million by the end of Q1 2025, down 15% from SAR 4 million a year earlier.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 69.63 82.44 18.4 %
Gross Income 17.36 17.21 (0.8 %)
Operating Income 9.89 10.16 2.7 %
Net Income 4.00 3.41 (14.9 %)
Average Shares 104.00 104.00 -
Earnings Per Share before unusual items (Riyal) 0.04 0.03 (11.4 %)
EPS (Riyal) 0.04 0.03 (14.9 %)

This was attributed to lower revenues from spa subscription services segment, as well as a decline in margins due to an increase in the cost-to-revenue ratio. This was in addition to higher finance and Zakat costs.

 

Sequentially, the three-month net earnings dropped 76.5% from SAR 14.46 million in Q4 2024.

 

Shareholders' equity, with no minority interest, reached SAR 171.1 million by the end of Q1 2025, up from SAR 146.6 million a year before.

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