Financial Results : Farm Superstores profit falls 16% to SAR 5.7M in Q1 2025

Farm Superstores profit falls 16% to SAR 5.7M in Q1 2025

14/05/2025 Argaam Exclusive

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Saudi Marketing Co. (Farm Superstores) reported a 16% drop in Q1 2025 net profit to SAR 5.7 million, from SAR 6.9 million in the year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 476.87 469.65 (1.5 %)
Gross Income 140.62 154.66 10.0 %
Operating Income 24.24 34.71 43.2 %
Net Income 6.85 5.72 (16.5 %)
Average Shares 45.00 45.00 -
Earnings Per Share before unusual items (Riyal) 0.14 0.23 61.2 %
EPS (Riyal) 0.15 0.13 (16.5 %)

Revenue dipped 1.51% year-on-year (YoY) in Q1 2025 due to lower sales from Farm Superstores branches.

 

Financing expenses on loans increased and the company recorded a loss on the local equity portfolio measured at fair value. These factors led to higher non-operating costs and charges for the current quarter at SAR 32.1 million, compared to SAR 17.4 million a year ago.

 

Despite this, gross profit rose by SAR 14 million due to improved profit margins, better supplier contract terms, and stronger performance in the entertainment segment.

 

The three-month net profit rose 15.2% from SAR 4.96 million in Q4 2024.

 

Shareholders’ equity, after minority interest, rose to SAR 690.64 million as of March 31, 2025, from SAR 667.58 million in the year-earlier period.

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