Financial Results : SAMA Water 2024 profit climbs 22% to SAR 11.1M; H2 at SAR 6.3M

SAMA Water 2024 profit climbs 22% to SAR 11.1M; H2 at SAR 6.3M

05/03/2025 Argaam Exclusive

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SAMA Healthy Water Factory Co. recorded a net profit of SAR 11.1 million for 2024, a rise of 22% from SAR 9.2 million a year earlier.



Financials (M)

Item 2023 2024 Change‬
Revenues 87.43 81.45 (6.8 %)
Gross Income 41.62 41.79 0.4 %
Operating Income 10.76 10.71 (0.5 %)
Net Income 9.16 11.14 21.6 %
Average Shares 50.00 50.00 -
Earnings Per Share before unusual items (Riyals) 0.18 0.22 21.6 %
EPS (Riyal) 0.18 0.22 21.6 %

The company attributed the profit rise to lower prices of raw materials as well as additional industrial costs. The company continued its efforts to control costs to be able to produce at competitive prices.

 

However, sales dropped by 6.84% due to a decline in water segment sales as a result of the increasing competition in the bottled drinking water segment, especially contract and wholesale sales. The company aims to diversify sales outlets and expand into new areas to compensate for the decline in affected sales outlets.



Current Half Annual Comparison (M)

Compared With The
Item H2 2023 H2 2024 Change‬
Revenues 46.88 41.86 (10.7 %)
Gross Income 22.29 21.36 (4.2 %)
Operating Income 5.44 5.53 1.6 %
Net Income 4.87 6.32 29.8 %
Average Shares 50.00 50.00 -
Earnings Per Share before unusual items (Riyal) 0.10 0.13 29.8 %
EPS (Riyal) 0.10 0.13 29.8 %

H2 2024 earnings leapt 30% to SAR 6.3 million, from SAR 4.87 million in H2 2023.

 

On a sequential basis, H2 profits grew 31.2% from SAR 4.82 million in H1 2024.

 

Total shareholders' equity, no minority interest, reached SAR 93.92 million by the end of 2024, compared with SAR 76.41 million a year before.

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