Financial Results : Almajed Oud Q1 2025 profit leaps 89% to SAR 120.9M

Almajed Oud Q1 2025 profit leaps 89% to SAR 120.9M

07/05/2025 Argaam Exclusive

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Almajed Oud Co. posted a net profit of SAR 120.9 million for Q1 2025, jumping 89% from SAR 64 million in the prior-year period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 257.62 410.15 59.2 %
Gross Income 172.71 270.97 56.9 %
Operating Income 71.02 128.42 80.8 %
Net Income 64.03 120.90 88.8 %
Average Shares 25.00 25.00 -
Earnings Per Share before unusual items (Riyal) 2.61 4.84 85.0 %
EPS (Riyal) 2.56 4.84 88.8 %

The profit growth was attributable to the higher number of stores, in addition to strong sales performance during Ramadan, the company’s main sales season during the year.

 

Sequentially, the first-quarter net earnings skyrocketed 704.3% from SAR 15.03 million in Q4 2024, mainly driven by strong sales.

 

Total shareholders' equity, no minority interest, reached SAR 588.99 million by the end of Q1 2025, up from SAR 443.03 million a year before.

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