Financial Results : Al Battal Factory 2024 profit down 20.3% to SAR 9.49M, H2 at SAR 5M

Al Battal Factory 2024 profit down 20.3% to SAR 9.49M, H2 at SAR 5M

27/03/2025 Argaam Exclusive

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Al Battal Factory for Chemical Industries Co. reported a net profit of SAR 9.5 million for 2024, a 20% decline from SAR 11.9 million a year earlier


Financials (M)

Item 2023 2024 Change‬
Revenues 72.27 67.28 (6.9 %)
Gross Income 26.12 23.97 (8.2 %)
Operating Income 16.71 14.96 (10.4 %)
Net Income 11.92 9.49 (20.3 %)
Average Shares 3.00 3.34 11.2 %
Earnings Per Share before unusual items (Riyals) 3.97 2.85 (28.3 %)
EPS (Riyal) 3.97 2.85 (28.3 %)

The decline was attributed to a year-on-year (YoY) decrease in revenues and a reduction in withdrawals by the company's main customer, Saudi Aramco, from the estimated sales for 2024.

 

H2 2024 net profit plunged by 48% to SAR 5 million, from SAR 9.44 million in the year-earlier period.

 

The six-month bottom line rose 9.2% from SAR 4.54 million in H1 2024.



Current Half Annual Comparison (M)

Compared With The
Item H2 2023 H2 2024 Change‬
Revenues 48.20 30.65 (36.4 %)
Gross Income 18.09 13.60 (24.8 %)
Operating Income 12.79 8.53 (33.3 %)
Net Income 9.44 4.96 (47.5 %)
Average Shares 3.00 3.34 11.2 %
Earnings Per Share before unusual items (Riyal) 3.15 1.49 (52.8 %)
EPS (Riyal) 3.15 1.49 (52.8 %)

Total shareholders’ equity, no minority interest, stood at SAR 59.57 million by Dec. 31, 2024, compared to SAR 37.15 million a year earlier.

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