Wajd Life Trading Co. posted a profit of SAR 2 million for the first half of 2025, compared to SAR 2.4 million in the same period of 2024.
Item | H1 2024 | H1 2025 | Change |
---|---|---|---|
Revenues | 26.40 | 38.89 | 47.3 % |
Gross Income | 8.75 | 11.58 | 32.4 % |
Operating Income | 3.72 | 4.20 | 12.9 % |
Net Income | 2.44 | 2.03 | (17.0 %) |
Average Shares | 10.00 | 10.00 | - |
Earnings Per Share before unusual items (Riyal) | 0.24 | 0.20 | (17.0 %) |
EPS (Riyal) | 0.24 | 0.20 | (17.0 %) |
Item | H2 2024 | H1 2025 | Change |
---|---|---|---|
Revenues | 30.25 | 38.89 | 28.6 % |
Gross Income | 6.85 | 11.58 | 69.1 % |
Operating Income | 4.62 | 4.20 | (9.2 %) |
Net Income | 2.23 | 2.03 | (9.1 %) |
Average Shares | 10.00 | 10.00 | - |
Earnings Per Share before unusual items (Riyal) | 0.22 | 0.20 | (9.1 %) |
EPS (Riyal) | 0.22 | 0.20 | (9.1 %) |
The company witnessed a decrease in the gross profit margin for H1 2025 to 30% from 33% in H1 2024, due to a 70% rise in the cost-to-revenue ratio.
In addition, it saw a decline in the operating profit margin from 14% to 11% in H1 2025, mainly due to the 58% increase in general and administrative expenses.
Wajd Life reported higher financing costs of SAR 2.2 million, up from SAR 1.5 million in the corresponding period of the previous year.
On the other hand, revenues increased by 47% to SAR 38.9 million, driven by rising revenues from the medical maintenance and medical operations segments.
Compared to H2 2024, Wajd Life’s profit declined by 9.1% from SAR 2.23 million.
Shareholders’ equity, with no minority interests, reached SAR 15.41 million at the end of the current period, compared to SAR 13.11 million a year before.
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