Middle East Pharmaceutical Industries Co. (Avalon Pharma) generated a net profit of SAR 44.2 million in the first half of 2025, a rise of 42% from SAR 31.2 million in the year-earlier period.
Item | 6m 2024 | 6m 2025 | Change |
---|---|---|---|
Revenues | 176.95 | 215.02 | 21.5 % |
Gross Income | 108.58 | 133.90 | 23.3 % |
Operating Income | 36.82 | 50.84 | 38.1 % |
Net Income | 31.17 | 44.21 | 41.8 % |
Average Shares | 20.00 | 20.00 | - |
Earnings Per Share before unusual items (Riyals) | 1.56 | 2.21 | 41.8 % |
EPS (Riyal) | 1.56 | 2.21 | 41.8 % |
The six-month profit was spurred by a 22% rise year-on-year (YoY) in topline to SAR 215.02 million as local and export sales increased by 24% and 4%, respectively.
Profit margins across all channels improved, while the ratio of operating expenses/revenue declined, raising the company’s operating margin.
Item | Q2 2024 | Q2 2025 | Change |
---|---|---|---|
Revenues | 101.13 | 117.66 | 16.3 % |
Gross Income | 63.28 | 73.63 | 16.4 % |
Operating Income | 24.51 | 28.44 | 16.1 % |
Net Income | 21.81 | 24.81 | 13.8 % |
Average Shares | 20.00 | 20.00 | - |
Earnings Per Share before unusual items (Riyal) | 1.09 | 1.24 | 13.8 % |
EPS (Riyal) | 1.09 | 1.24 | 13.8 % |
Item | Q1 2025 | Q2 2025 | Change |
---|---|---|---|
Revenues | 97.36 | 117.66 | 20.8 % |
Gross Income | 60.27 | 73.63 | 22.2 % |
Operating Income | 22.40 | 28.44 | 27.0 % |
Net Income | 19.40 | 24.81 | 27.9 % |
Average Shares | 20.00 | 20.00 | - |
Earnings Per Share before unusual items (Riyal) | 0.97 | 1.24 | 27.9 % |
EPS (Riyal) | 0.97 | 1.24 | 27.9 % |
In Q2 2025, net earnings grew 14% to SAR 24.8 million, from SAR 21.8 million in the year-earlier period as topline saw a rise of 16% YoY to SAR 117.66 million. Local sales and exports improved by 42% and 29% YoY, respectively, along with a 9% YoY increase in the private sector sales.
On the other hand, selling, distribution, general and administrative expenses increased as Avalon Pharma continues its growth and development investments.
On a quarterly basis, the pharmaceutical producer’s bottom line jumped 27.9% from SAR 19.4 million as revenues grew 21%.
Total shareholders’ equity, with no minority interest, came in at SAR 385.17 million as of June 30, 2025, up from SAR 337.15 million a year earlier.
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