Financial Results : Dkhoun's 2024 net profit soars 27% to SAR 14.3M; H2 at SAR 8.3M

Dkhoun's 2024 net profit soars 27% to SAR 14.3M; H2 at SAR 8.3M

14/04/2025 Argaam Exclusive

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Dkhoun National Trading Co. — poised to list on the Nomu-Parallel Market — reported a 27% profit rise to SAR 14.3 million in 2024, from SAR 11.2 million a year earlier.



Financials (M)

Item 2023 2024 Change‬
Revenues 60.20 75.16 24.8 %
Gross Income 42.79 54.04 26.3 %
Operating Income 12.28 16.30 32.7 %
Net Income 11.23 14.27 27.1 %
Average Shares 2.00 2.00 -
Earnings Per Share before unusual items (Riyals) 5.62 7.14 27.1 %
EPS (Riyal) 5.62 7.14 27.1 %

Revenues also climbed by 25% to SAR 75.2 million in 2024, compared to SAR 60.2 million in 2023, driving a 26% year-on-year (YoY) increase in the 12-month gross profit.

 

The 2024 gross profit margin expanded to 72% from 71% in the year before, supported by a 28% decline in cost of revenue as a percentage of sales by the end of 2024.

 

The 2024 operating profit margin also improved to 22% from 20% in 2023, despite the elevated selling and distribution expenses. Further, EBITDA advanced to SAR 24.2 million by 2024-end, from SAR 19.3 million in 2023, even as financing and Zakat expenses soared for the same year.

 

In H2 2024, net profit jumped 90% to SAR 8.3 million, from SAR 4.35 million in H2 2023.

 

In addition, on a quarterly basis, the six-month bottom line rose 38% from SAR 6 million in H1 2024.



Current Half Annual Comparison (M)

Compared With The
Item H2 2023 H2 2024 Change‬
Revenues 29.65 38.41 29.5 %
Gross Income 20.90 26.77 28.1 %
Operating Income 4.57 9.35 104.3 %
Net Income 4.35 8.28 90.1 %
Average Shares 2.00 2.00 -
Earnings Per Share before unusual items (Riyal) 2.18 4.14 90.1 %
EPS (Riyal) 2.18 4.14 90.1 %

Total shareholders’ equity, no minority interest, rose to SAR 56.74 million by Dec. 31, 2024, from SAR 42.48 million in 2023.

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