Financial Results : RATIO earnings leap 21% to SAR 14.5M in 2024; H2 at SAR 8.4M

RATIO earnings leap 21% to SAR 14.5M in 2024; H2 at SAR 8.4M

30/03/2025 Argaam Exclusive

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Ratio Speciality Company for Trading (RATIO) posted a net profit of SAR 14.5 million for 2024, leaping 21% from SAR 12 million a year before.



Financials (M)

Item 2023 2024 Change‬
Revenues 43.36 46.89 8.1 %
Gross Income 17.11 18.99 11.0 %
Operating Income 12.05 11.87 (1.5 %)
Net Income 12.05 14.55 20.7 %
Average Shares 20.00 20.00 -
Earnings Per Share before unusual items (Riyals) 0.60 0.60 (1.2 %)
EPS (Riyal) 0.60 0.73 20.7 %

This growth was attributed to branch expansion and product development, which strengthened demand, expanded the customer base, and achieved sustainable growth. This reflected the efficiency of the adopted strategy and its ability to keep pace with market developments.

 

Net profit margin increased 31% in 2024, compared to 27% in the previous year.

 

In addition, the company improved profit margins and supported sustainable financial performance.

 

H2 2024 net earnings jumped 22% to SAR 8.4 million, from SAR 6.83 million in H2 2023.

 

The six-month net earnings also soared 34.8% from SAR 6.20 million in H1 2024.



Current Half Annual Comparison (M)

Compared With The
Item H2 2023 H2 2024 Change‬
Revenues 22.71 24.88 9.6 %
Gross Income 9.62 9.92 3.1 %
Operating Income 6.66 5.32 (20.2 %)
Net Income 6.83 8.35 22.2 %
Average Shares 20.00 20.00 -
Earnings Per Share before unusual items (Riyal) 0.34 0.29 (16.4 %)
EPS (Riyal) 0.34 0.42 22.2 %

Total shareholders’ equity, no minority interest, reached SAR 43.56 million as of Dec. 31, 2024, up from SAR 33 million a year earlier.

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