Financial Results : Shmoh Almadi H1 2025 net profit plunges 92% to SAR 431,000

Shmoh Almadi H1 2025 net profit plunges 92% to SAR 431,000

21/08/2025 Argaam Exclusive

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Shmoh Almadi Co. posted a net profit of SAR 431,000 for H1 2025, marking a 92% slump from SAR 5.2 million in H1 2024.



Current Half Annual Comparison (M)

Compared With The
Item H1 2024 H1 2025 Change‬
Revenues 64.94 58.73 (9.6 %)
Gross Income 24.92 19.51 (21.7 %)
Operating Income 5.90 1.28 (78.3 %)
Net Income 5.17 0.43 (91.7 %)
Average Shares 8.00 9.40 17.5 %
Earnings Per Share before unusual items (Riyal) 0.65 0.05 (92.9 %)
EPS (Riyal) 0.65 0.05 (92.9 %)

The profit decline was attributed to a year-on-year (YoY) decrease in the first-half revenues due to the impact of seasonality on certain products. Further, the first six months of this year coincided with the holy month of Ramadan, which took a toll on sales volumes.

 

In addition, some product categories recorded weaker sales in H1 2025, as a result of changes in consumption patterns among some consumer segments.

 

Shmoh Almadi also witnessed elevated raw material prices and lower production volumes, which pressured its six-month bottomline.

 

Sequentially, the six-month earnings fell 89.9% from SAR 4.28 million in H2 2024.

 

Shareholders' equity, no minority interest, grew to SAR 76.3 million by the end of H1 2025, compared to SAR 44.7 million a year earlier.

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