Financial Results : Rawabi Marketing 2024 earnings drop 57% to SAR 8.5M

Rawabi Marketing 2024 earnings drop 57% to SAR 8.5M

03/08/2025 Argaam Exclusive

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Rawabi Marketing International Co., which is set to list its shares on the Nomu-Parallel Market, posted net earnings of SAR 8.5 million in 2024, down 57% from SAR 19.7 million a year earlier.



Financials (M)

Item 2023 2024 Change‬
Revenues 542.67 607.27 11.9 %
Gross Income 137.39 149.41 8.8 %
Operating Income 44.23 30.41 (31.2 %)
Net Income 19.75 8.47 (57.1 %)
Average Shares 12.00 14.50 20.8 %
Earnings Per Share before unusual items (Riyals) 1.65 0.58 (64.5 %)
EPS (Riyal) 1.65 0.58 (64.5 %)

The annual profit decline was attributed to a pullback in operating profit margin to 5% by 2024-end, compared with 8% a year earlier, due to a 21% hike in marketing and administrative expenses for the same year.

 

This was as a result of a 45% increase in transportation and shipping expenses for 2024, compared to the same period last year, in addition to recording a SAR 6.8 million impairment provision for receivables, compared to SAR 746,000 in 2023.

 

The company also cited a 2% rise in financing costs and lower other income during 2024.

 

Total shareholders' equity, excluding minority interest, reached SAR 301.34 million in 2024, up from SAR 204.42 million a year before.



Current Half Annual Comparison (M)

Compared With The
Item H2 2023 H2 2024 Change‬
Revenues - 324.15 -
Gross Income - 77.01 -
Operating Income - 10.14 -
Net Income - 0.39 -
Average Shares - 14.50 -
Earnings Per Share before unusual items (Riyal) - 0.03 -
EPS (Riyal) - 0.03 -

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