CATRION Catering Holding Co. (CATRION) reported a 4.9% increase in Q1 2025 net profit to SAR 74.8 million, compared to SAR 71.2 million in the year-earlier period.
Item | Q1 2024 | Q1 2025 | Change |
---|---|---|---|
Revenues | 552.81 | 589.39 | 6.6 % |
Gross Income | 152.46 | 169.89 | 11.4 % |
Operating Income | 68.37 | 75.61 | 10.6 % |
Net Income | 71.23 | 74.78 | 5.0 % |
Average Shares | 82.00 | 82.00 | - |
Earnings Per Share before unusual items (Riyal) | 0.87 | 0.91 | 5.0 % |
EPS (Riyal) | 0.87 | 0.91 | 5.0 % |
Item | Q4 2024 | Q1 2025 | Change |
---|---|---|---|
Revenues | 594.43 | 589.39 | (0.8 %) |
Gross Income | 174.54 | 169.89 | (2.7 %) |
Operating Income | 93.79 | 75.61 | (19.4 %) |
Net Income | 98.74 | 74.78 | (24.3 %) |
Average Shares | 82.00 | 82.00 | - |
Earnings Per Share before unusual items (Riyal) | 1.20 | 0.91 | (24.3 %) |
EPS (Riyal) | 1.20 | 0.91 | (24.3 %) |
The profit growth was mainly driven by increased sales, particularly from in-flight catering operations, along with improved performance in the business lounge and non-airline revenues. In addition, gross profit amounted to SAR 169.9 million during the three-month period, up 11.4% year-on-year (YoY) from SAR 152.5 million.
Operating profit reached SAR 86.9 million by the end of Q1 2024, rising 20.9% YoY from SAR 71.9 million.
Compared to Q4 2024, the first-quarter net profit fell 24.3% from SAR 98.74 million, mainly due to the seasonality effect typically observed during the first quarter, including the impact of the holy month of Ramadan, which affected the performance of certain business segments.
Shareholders’ equity, no minority interest, reached SAR 1.43 billion by March 31, 2025, compared to SAR 1.27 billion in the year-earlier period.
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