Alwazn Almithaly, which is in the process of listing its shares on the Nomu-Parallel Market, posted SAR 6.1 million net profit at the end of the first half of 2025, down 11% compared to SAR 6.9 million during the same period a year ago.
| Item | H1 2024 | H1 2025 | Change |
|---|---|---|---|
| Revenues | 90.02 | 102.89 | 14.3 % |
| Gross Income | 58.24 | 60.00 | 3.0 % |
| Operating Income | 9.86 | 8.79 | (10.9 %) |
| Net Income | 6.87 | 6.11 | (11.1 %) |
| Average Shares | 3.01 | 3.01 | - |
| Earnings Per Share before unusual items (Riyal) | 2.28 | 2.03 | (11.1 %) |
| EPS (Riyal) | 2.28 | 2.03 | (11.1 %) |
| Item | H2 2024 | H1 2025 | Change |
|---|---|---|---|
| Revenues | 107.15 | 102.89 | (4.0 %) |
| Gross Income | 68.64 | 60.00 | (12.6 %) |
| Operating Income | 13.88 | 8.79 | (36.7 %) |
| Net Income | 12.43 | 6.11 | (50.9 %) |
| Average Shares | 3.01 | 3.01 | - |
| Earnings Per Share before unusual items (Riyal) | 4.13 | 2.03 | (50.9 %) |
| EPS (Riyal) | 4.13 | 2.03 | (50.9 %) |
The decline in profits was attributed to a decrease in the gross profit margin to 58% from 65% for the same period in 2024, a decline in the operating profit margin from 11% to 9% due to a 10% increase in sales and marketing expenses, reaching SAR 43 million. This was offset by a 10% decrease in general and administrative expenses, reaching SAR 8.2 million.
As a result of the above, EBITDA decreased to SAR 16.8 million, compared to SAR 17.3 million for the same period a year earlier.
Shareholders' equity (no minority interest) amounted to SAR 54.65 million, compared to SAR 55.24 million at the end of the same period last year.
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