Financial Results : Cherry Trading H1 2025 profit down 7% to SAR 32M; Q2 at SAR 16.6M

Cherry Trading H1 2025 profit down 7% to SAR 32M; Q2 at SAR 16.6M

19/10/2025 Argaam Exclusive

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Cherry Trading Co., which is in the process of listing its shares on TASI, posted SAR 32 million in net profit for H1 2025, a decline of 7% from SAR 34.3 million in the first half of 2024.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 211.28 223.03 5.6 %
Gross Income 71.79 73.45 2.3 %
Operating Income 52.78 56.89 7.8 %
Net Income 34.33 32.04 (6.7 %)
Average Shares 30.00 30.00 -
Earnings Per Share before unusual items (Riyals) 1.14 1.07 (6.7 %)
EPS (Riyal) 1.14 1.07 (6.7 %)

The annual profit drop was attributed to a 47% year-on-year (YoY) increase in financing costs due to higher interest rates. This was coupled with the company’s expansion in financing the purchase of new vehicles as part of its fleet revamp plan.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 108.12 121.10 12.0 %
Gross Income 38.29 35.31 (7.8 %)
Operating Income 29.45 28.75 (2.4 %)
Net Income 18.70 16.59 (11.3 %)
Average Shares 30.00 30.00 -
Earnings Per Share before unusual items (Riyal) 0.62 0.55 (11.3 %)
EPS (Riyal) 0.62 0.55 (11.3 %)

Additionally, selling & marketing and general & administrative expenses rose during the six-month period, translating into a lower net profit margin YoY from 16% to 14% in H1 2025.

 

Moreover, the Q2 2025 net profit dropped 11.3% to SAR 16.59 million, compared to SAR 18.70 million in the same period a year earlier.



Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2016 - - - - - -
Q2 2016 - - - - - -
Q3 2016 - - - - - -
Q4 2016 - - - - - -
Q1 2017 - - - - - -
Q2 2017 - - - - - -
Q3 2017 - - - - - -
Q4 2017 - - - - - -
Q1 2018 - - - - - -
Q2 2018 - - - - - -
Q3 2018 - - - - - -
Q4 2018 - - - - - -
Q1 2019 - - - - - -
Q2 2019 - - - - - -
Q3 2019 - - - - - -
Q4 2019 - - - - - -
Q1 2020 - - - - - -
Q2 2020 - - - - - -
Q3 2020 - - - - - -
Q4 2020 - - - - - -
Q1 2021 - - - - - -
Q2 2021 - - - - - -
Q3 2021 - - - - - -
Q4 2021 - - - - - -
Q1 2022 - - - - - -
Q2 2022 - - - - - -
Q3 2022 - - - - - -
Q4 2022 - - - - - -
Q1 2023 - - - - - -
Q2 2023 - - - - - -
Q3 2023 - - - - - -
Q4 2023 - - - - - -
Q1 2024 103.16 - 33.49 - 23.33 -
Q2 2024 108.12 - 38.29 - 29.45 -
Q3 2024 - - - - - -
Q4 2024 - - - - - -
Q1 2025 101.93 (1.2 %) 38.14 13.9 % 28.14 20.6 %
Q2 2025 121.10 12.0 % 35.31 (7.8 %) 28.75 (2.4 %)


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS(Riyal)
Q1 2016 - - - - - -
Q2 2016 - - - - - -
Q3 2016 - - - - - -
Q4 2016 - - - - - -
Q1 2017 - - - - - -
Q2 2017 - - - - - -
Q3 2017 - - - - - -
Q4 2017 - - - - - -
Q1 2018 - - - - - -
Q2 2018 - - - - - -
Q3 2018 - - - - - -
Q4 2018 - - - - - -
Q1 2019 - - - - - -
Q2 2019 - - - - - -
Q3 2019 - - - - - -
Q4 2019 - - - - - -
Q1 2020 - - - - - -
Q2 2020 - - - - - -
Q3 2020 - - - - - -
Q4 2020 - - - - - -
Q1 2021 - - - - - -
Q2 2021 - - - - - -
Q3 2021 - - - - - -
Q4 2021 - - - - - -
Q1 2022 - - - - - -
Q2 2022 - - - - - -
Q3 2022 - - - - - -
Q4 2022 - - - - - -
Q1 2023 - - - - - -
Q2 2023 - - - - - -
Q3 2023 - - - - - -
Q4 2023 - - - - - -
Q1 2024 15.63 - 0.52 - 15.63 0.52
Q2 2024 18.70 - 0.62 - 18.70 0.62
Q3 2024 - - - - - -
Q4 2024 - - - - - -
Q1 2025 15.46 (1.1 %) 0.52 - 15.46 0.52
Q2 2025 16.59 (11.3 %) 0.55 - 16.59 0.55

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 - - -
Q2 2017 - - -
Q3 2017 - - -
Q4 2017 - - -
Q1 2018 - - -
Q2 2018 - - -
Q3 2018 - - -
Q4 2018 - - -
Q1 2019 - - -
Q2 2019 - - -
Q3 2019 - - -
Q4 2019 - - -
Q1 2020 - - -
Q2 2020 - - -
Q3 2020 - - -
Q4 2020 - - -
Q1 2021 - - -
Q2 2021 - - -
Q3 2021 - - -
Q4 2021 - - -
Q1 2022 - - -
Q2 2022 - - -
Q3 2022 - - -
Q4 2022 - - -
Q1 2023 - - -
Q2 2023 - - -
Q3 2023 - - -
Q4 2023 - - -
Q1 2024 - - -
Q2 2024 - - -
Q3 2024 - - -
Q4 2024 - - -
2024 32.05 % - 13.87 %
Q1 2025 - - -
Q2 2025 - - -


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Earnings Per Share before unusual items (Riyal) Book Value (BV)
Q1 2016 - - - -
Q2 2016 - - - -
Q3 2016 - - - -
Q4 2016 - - - -
Q1 2017 - - - -
Q2 2017 - - - -
Q3 2017 - - - -
Q4 2017 - - - -
Q1 2018 - - - -
Q2 2018 - - - -
Q3 2018 - - - -
Q4 2018 - - - -
Q1 2019 - - - -
Q2 2019 - - - -
Q3 2019 - - - -
Q4 2019 - - - -
Q1 2020 - - - -
Q2 2020 - - - -
Q3 2020 - - - -
Q4 2020 - - - -
Q1 2021 - - - -
Q2 2021 - - - -
Q3 2021 - - - -
Q4 2021 - - - -
Q1 2022 - - - -
Q2 2022 - - - -
Q3 2022 - - - -
Q4 2022 - - - -
Q1 2023 - - - -
Q2 2023 - - - -
Q3 2023 - - - -
Q4 2023 - - - -
Q1 2024 30.00 - - -
Q2 2024 30.00 - - 16.21
Q3 2024 - - - -
Q4 2024 - - - -
Q1 2025 30.00 - - -
Q2 2025 30.00 - - 18.22

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Recurring P/E Price/book
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 - - -
Q2 2017 - - -
Q3 2017 - - -
Q4 2017 - - -
Q1 2018 - - -
Q2 2018 - - -
Q3 2018 - - -
Q4 2018 - - -
Q1 2019 - - -
Q2 2019 - - -
Q3 2019 - - -
Q4 2019 - - -
Q1 2020 - - -
Q2 2020 - - -
Q3 2020 - - -
Q4 2020 - - -
Q1 2021 - - -
Q2 2021 - - -
Q3 2021 - - -
Q4 2021 - - -
Q1 2022 - - -
Q2 2022 - - -
Q3 2022 - - -
Q4 2022 - - -
Q1 2023 - - -
Q2 2023 - - -
Q3 2023 - - -
Q4 2023 - - -
Q1 2024 - - -
Q2 2024 - - -
Q3 2024 - - -
Q4 2024 - - -
Q1 2025 - - -
Q2 2025 - - -

Current
Market Cap (M Riyal) -
Enterprise Value (EV) (M Riyal) -
Shares Outstanding ((M)) 30.00
EPS ( Riyal) (TTM) -
Book Value (BV) ( Riyal) 18.22
Par Value ( Riyal) 10.00
Recurring P/E -
P/E (TTM) -
Price/book -
Return on Average Assets (%) (TTM) -
Return on Average Equity (%) (TTM) -
EV/adj EBITDA -
EV/Revenues -

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