Financial Results : Qomel profit down 8% to SAR 10.1M in H1 2025

Qomel profit down 8% to SAR 10.1M in H1 2025

22/07/2025 Argaam Exclusive

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Qomel Co.’s net profit fell 8% to SAR 10.1 million in H1 2025 from SAR 11 million in the year-earlier period.



Current Half Annual Comparison (M)

Compared With The
Item H1 2024 H1 2025 Change‬
Revenues 58.56 71.24 21.6 %
Gross Income 19.64 23.24 18.3 %
Operating Income 12.60 14.04 11.5 %
Net Income 11.01 10.07 (8.5 %)
Average Shares 7.00 7.00 -
Earnings Per Share before unusual items (Riyal) 1.57 1.44 (8.5 %)
EPS (Riyal) 1.57 1.44 (8.5 %)

The profit decline is attributed to recalculating fees amounting to SAR 1.77 million related to the payment received from the Industrial Development Fund loan for the subsidiary company and allocating them to the period in which they were incurred.

 

This was despite a 21.6% year-on-year (YoY) rise in revenue to SAR 71.23 million, supported by higher demand for registered products and the addition of new items to the company’s portfolio.

 

Operating performance also improved on the back of stronger sales volumes, as existing products performed well and demand grew in key target markets.

 

Compared to the second half of 2024, net profit dropped 8% from SAR 10.95 million.

 

Total shareholders’ equity, no minority interest, jumped to SAR 115.03 million as of June 30, 2025, from SAR 94.1 million a year earlier.

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