Financial Results : Nice One profit up 10% to SAR 24.1M in Q1 2025

Nice One profit up 10% to SAR 24.1M in Q1 2025

28/04/2025 Argaam Exclusive

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Nice One Beauty Digital Marketing Co. reported a net profit of SAR 24.1 million in Q1 2025, up 10% from SAR 21.9 million a year earlier.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 250.05 324.97 30.0 %
Gross Income 71.10 81.27 14.3 %
Operating Income 23.88 26.91 12.7 %
Net Income 21.90 24.12 10.2 %
Average Shares 110.00 115.50 5.0 %
Earnings Per Share before unusual items (Riyal) 0.20 0.21 4.9 %
EPS (Riyal) 0.20 0.21 4.9 %

Sales rose 30% year-on-year (YoY) to SAR 324.97 million in Q1 2025, driven by strong growth in the number of orders and new customers, along with the positive seasonal impact of Ramadan. In addition, selling and marketing expenses declined.

 

However, the growth was partially offset by a shift in product mix, increased operating expenses, associated with business expansion, and a rise in Zakat charges.

On a sequential basis, net profit surged three folds from SAR 5.87 million in Q4 2024.

 

Total shareholders’ equity, no minority interest, stood at SAR 400.59 million by March 31, 2025, compared to SAR 134.56 million a year earlier.

 

Attached Documents

 

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