Rawabi Marketing International Co., which is set to list its shares on the Nomu-Parallel Market, made a net loss of SAR 32,000 (after minority interest) in H1 2025, against a profit of SAR 8.1 million a year earlier.
Net profit before minority interest stood at SAR 1.7 million in H1 2025, compared to SAR 9.7 million a year earlier.
| Item | H1 2024 | H1 2025 | Change |
|---|---|---|---|
| Revenues | 283.12 | 323.88 | 14.4 % |
| Gross Income | 72.40 | 58.40 | (19.3 %) |
| Operating Income | 20.27 | 13.82 | (31.8 %) |
| Net Income | 8.08 | (0.03) | (100.4 %) |
| Average Shares | 14.50 | 14.50 | - |
| Earnings Per Share before unusual items (Riyal) | 0.56 | 0.00 | (100.4 %) |
| EPS (Riyal) | 0.56 | 0.00 | (100.4 %) |
| Item | H2 2024 | H1 2025 | Change |
|---|---|---|---|
| Revenues | 324.15 | 323.88 | (0.1 %) |
| Gross Income | 77.01 | 58.40 | (24.2 %) |
| Operating Income | 10.14 | 13.82 | 36.3 % |
| Net Income | 0.39 | (0.03) | (108.2 %) |
| Average Shares | 14.50 | 14.50 | - |
| Earnings Per Share before unusual items (Riyal) | 0.03 | 0.00 | (108.2 %) |
| EPS (Riyal) | 0.03 | 0.00 | (108.2 %) |
The losses were attributed to a decline in gross profit margin to 18% in H1 2025, compared to 26% in the same period of the previous year, mainly due to higher cost-to-revenue ratio. This led to a decrease in EBITDA to SAR 31.7 million for H1 2025, compared to SAR 38.1 million for H1 2024.
On the other hand, a credit loss provision of SAR 6.8 million was recorded in H1 2024, compared to none in H1 2025. While revenue grew by 14% year-on-year.
Total shareholders' equity, excluding minority interest, reached SAR 301.16 million as of June 30, 2025, up from SAR 299.78 million a year before.
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