Financial Results : Lumi profit grows 18% to SAR 107.4M in H1 2025; Q2 at SAR 54.2M

Lumi profit grows 18% to SAR 107.4M in H1 2025; Q2 at SAR 54.2M

04/08/2025 Argaam Exclusive

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Lumi Rental Co. reported a net profit of SAR 107.4 million in the first six months of 2025, surging 18% from SAR 90.7 million in the year-earlier period.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 744.52 827.66 11.2 %
Gross Income 208.75 245.61 17.7 %
Operating Income 137.28 164.32 19.7 %
Net Income 90.72 107.36 18.3 %
Average Shares 55.00 55.00 -
Earnings Per Share before unusual items (Riyals) 1.73 1.95 13.1 %
EPS (Riyal) 1.65 1.95 18.3 %

The year-on-year (YoY) profit growth was driven by an 11% increase in revenue to SAR 828 million in H1 2025, from SAR 745 million in H1 2024.

 

The uptrend was also supported by lower financing costs and an improved operating profit margin.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 360.48 416.13 15.4 %
Gross Income 95.28 125.16 31.4 %
Operating Income 58.23 83.19 42.9 %
Net Income 46.01 54.21 17.8 %
Average Shares 55.00 55.00 -
Earnings Per Share before unusual items (Riyal) 0.87 0.99 13.0 %
EPS (Riyal) 0.84 0.99 17.8 %

The Q2 2025 net profit rose 17.8% to SAR 54.21 million, compared to SAR 46.01 million in the year-earlier period.

 

The company attributed the YoY profit growth in Q2 2025 to a 15% increase in Lumi’s total revenue, reaching SAR 416 million, driven by strong contributions from both long- and short-term rental segments. This is in addition to improved operational performance and lower finance costs.

 

On a sequential basis, net profit rose 2% compared to SAR 53.15 million in Q1 2025.

 

This was supported by solid revenue of SAR 416 million in Q2 2025, compared to the previous quarter, with the lease and rental segments contributing a 1% increase.

 

Gross profit margin also improved, while financing costs declined.

 

Total shareholders’ equity, no minority interest, reached SAR 1.31 billion by June 30, 2025, compared to SAR 1.12 billion in the year-earlier period.

 

Attached Documents:

 

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