Lumi Rental Co. reported a net profit of SAR 53.1 million in Q1 2025, an increase of 19% compared to SAR 44.7 million in Q1 2024.
| Item | Q1 2024 | Q1 2025 | Change |
|---|---|---|---|
| Revenues | 384.04 | 411.53 | 7.2 % |
| Gross Income | 113.47 | 120.45 | 6.2 % |
| Operating Income | 79.05 | 81.13 | 2.6 % |
| Net Income | 44.71 | 53.15 | 18.9 % |
| Average Shares | 55.00 | 55.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.85 | 0.97 | 13.2 % |
| EPS (Riyal) | 0.81 | 0.97 | 18.9 % |
| Item | Q4 2024 | Q1 2025 | Change |
|---|---|---|---|
| Revenues | 402.13 | 411.53 | 2.3 % |
| Gross Income | 112.78 | 120.45 | 6.8 % |
| Operating Income | 75.24 | 81.13 | 7.8 % |
| Net Income | 49.45 | 53.15 | 7.5 % |
| Average Shares | 55.00 | 55.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.91 | 0.97 | 5.7 % |
| EPS (Riyal) | 0.90 | 0.97 | 7.5 % |
Lumi’s total revenue in Q1 2025 grew by 7% year-on-year (YoY) to SAR 412 million, supported by strong contributions from lease and rental segments. Additionally, Q1 net profit growth was fuelled by improved operating performance and lower finance costs.
On a sequential basis, net earnings rose 7.5% from SAR 49.45 million in Q4 2024.
Total shareholders’ equity, no minority interest, stood at SAR 1.26 billion as of March 31, 2025, compared to SAR 1.07 billion a year earlier.
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