Arabian Company for Agricultural and Industrial Investments (Entaj) reported a net profit decline of 4% to SAR 21.2 million in Q1 2025, from SAR 22 million in the year-earlier period.
Item | Q1 2024 | Q1 2025 | Change |
---|---|---|---|
Revenues | 339.62 | 320.09 | (5.8 %) |
Gross Income | 75.15 | 60.77 | (19.1 %) |
Operating Income | 29.42 | 12.97 | (55.9 %) |
Net Income | 21.97 | 21.17 | (3.6 %) |
Average Shares | 30.00 | 30.00 | - |
Earnings Per Share before unusual items (Riyal) | 0.73 | 0.26 | (64.0 %) |
EPS (Riyal) | 0.73 | 0.71 | (3.6 %) |
Item | Q4 2024 | Q1 2025 | Change |
---|---|---|---|
Revenues | 316.35 | 320.09 | 1.2 % |
Gross Income | 28.42 | 60.77 | 113.9 % |
Operating Income | (1.75) | 12.97 | 839.6 % |
Net Income | (6.28) | 21.17 | 437.0 % |
Average Shares | 30.00 | 30.00 | - |
Earnings Per Share before unusual items (Riyal) | (0.21) | 0.26 | 225.9 % |
EPS (Riyal) | (0.21) | 0.71 | 437.0 % |
Revenue fell 5.8% year-on-year (YoY) to SAR 320.1 million, as sector-wide pricing pressures persisted due to continued supply-demand imbalances since Q4 2024.
Poultry sales, which accounted for 94.2% of Q1 revenue, dropped 10.5% YoY to SAR 301.5 million. Revenue from table eggs rose sharply by 700.3% YoY to SAR 18.4 million, representing 5.7% of total sales.
Operating profit declined to SAR 13 million, with the margin narrowing to 4.1% from 8.7% in Q1 2024. Gross profit fell to SAR 60.8 million, while the gross margin contracted to 19% from 22.1% a year earlier.
The company turned profitable from a net loss of SAR 6.28 million in Q4 2024 as revenue grew 1.2% quarter-on-quarter (QoQ), reflecting higher sales volumes amid improved consumer demand during Ramadan.
Gross profit also more than doubled QoQ to SAR 60.8 million.
Total shareholders’ equity, no minority interest, increased to SAR 481.8 million as of March 31, 2025, from SAR 458.7 million a year earlier.
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