Financial Results : Shaker profits fall 16% in Q1 2025 to SAR 27.2M

Shaker profits fall 16% in Q1 2025 to SAR 27.2M

07/05/2025 Argaam Exclusive

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Al Hassan Ghazi Ibrahim Shaker Co. (Shaker) reported a 16% profit drop to SAR 27.2 million by the end of Q1 2025, from SAR 32.2 million in Q1 2024.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 413.24 400.42 (3.1 %)
Gross Income 97.77 100.63 2.9 %
Operating Income 30.56 25.08 (17.9 %)
Net Income 32.25 27.21 (15.6 %)
Average Shares 55.50 55.50 -
Earnings Per Share before unusual items (Riyal) 0.58 0.49 (15.6 %)
EPS (Riyal) 0.58 0.49 (15.6 %)

Revenues declined by 3.1% year-on-year (YoY) to SAR 400.42 million in Q1 2025, on a drop in revenues from the home appliances segment.

 

Shaker reported a 20% YoY fall in operating profits to SAR 25.08 million in Q1 2025, on higher operating expenses (OpEx).

 

The company’s share of profit from an associate company declined, along with incurring a foreign exchange loss during the period. However, this was partially offset by a reduction in financing costs.

 

Meanwhile, there was a 1.59% growth in revenues from the HVAC solutions segment.

 

Gross profit recorded an increase of 2.93% YoY, reaching SAR 100.63 million in Q1 2025, backed by improved cost efficiency and diversification of the company’s product portfolio.

 

Total shareholders’ equity, no minority interest, rose to SAR 825.67 million by the end of Q1 2025, compared to SAR 749.65 million a year earlier.

 

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