Al Taiseer Group Talco Industrial Co. (TALCO) reported a 6% decline in Q1 2025 net earnings to SAR 21.6 million, compared with SAR 23.1 million a year before.
Item | Q1 2024 | Q1 2025 | Change |
---|---|---|---|
Revenues | 162.37 | 187.75 | 15.6 % |
Gross Income | 38.47 | 40.24 | 4.6 % |
Operating Income | 26.52 | 24.53 | (7.5 %) |
Net Income | 23.10 | 21.61 | (6.5 %) |
Average Shares | 40.00 | 40.00 | - |
Earnings Per Share before unusual items (Riyal) | 0.58 | 0.54 | (6.5 %) |
EPS (Riyal) | 0.58 | 0.54 | (6.5 %) |
Item | Q4 2024 | Q1 2025 | Change |
---|---|---|---|
Revenues | 212.09 | 187.75 | (11.5 %) |
Gross Income | 46.76 | 40.24 | (13.9 %) |
Operating Income | 24.92 | 24.53 | (1.5 %) |
Net Income | 21.90 | 21.61 | (1.3 %) |
Average Shares | 40.00 | 40.00 | - |
Earnings Per Share before unusual items (Riyal) | 0.55 | 0.54 | (1.3 %) |
EPS (Riyal) | 0.55 | 0.54 | (1.3 %) |
The profit decline is attributed to the increase in the cost of revenues, sales and marketing expenses, general and administrative expenses, impairment losses in the value of receivables, and higher financing costs.
On the other hand, the company noted an increase in revenues from the main activity, higher other revenues and lower Zakat expenses.
Compared to Q4 2024, the first-quarter net profit fell slightly from SAR 21.9 million.
Shareholders’ equity, no minority interest, rose to SAR 528.99 million as of March 31, 2025, from SAR 505.63 million a year earlier.
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