Al-Jouf Agricultural Development Co. reported a 9% increase in net profit to SAR 53.1 million in the first half of 2025, compared to SAR 48.5 million a year earlier.
| Item | 6m 2024 | 6m 2025 | Change |
|---|---|---|---|
| Revenues | 273.55 | 325.19 | 18.9 % |
| Gross Income | 98.91 | 116.29 | 17.6 % |
| Operating Income | 54.37 | 66.37 | 22.1 % |
| Net Income | 48.49 | 53.08 | 9.5 % |
| Average Shares | 30.00 | 30.00 | - |
| Earnings Per Share before unusual items (Riyals) | 1.62 | 1.77 | 9.5 % |
| EPS (Riyal) | 1.62 | 1.77 | 9.5 % |
The profit growth was driven by higher sales, supported by an increase in quantities sold in the industrial sector.
However, the company recorded an increase in selling, distribution, general, and administrative costs, as well as higher financing costs, lower other income, and unrealized losses from the valuation of investments at fair value through profits and losses.
| Item | Q2 2024 | Q2 2025 | Change |
|---|---|---|---|
| Revenues | 113.09 | 154.60 | 36.7 % |
| Gross Income | 38.83 | 47.93 | 23.4 % |
| Operating Income | 17.09 | 24.75 | 44.8 % |
| Net Income | 15.56 | 18.42 | 18.4 % |
| Average Shares | 30.00 | 30.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.52 | 0.61 | 18.4 % |
| EPS (Riyal) | 0.52 | 0.61 | 18.4 % |
| Item | Q1 2025 | Q2 2025 | Change |
|---|---|---|---|
| Revenues | 170.59 | 154.60 | (9.4 %) |
| Gross Income | 68.36 | 47.93 | (29.9 %) |
| Operating Income | 41.62 | 24.75 | (40.5 %) |
| Net Income | 34.66 | 18.42 | (46.8 %) |
| Average Shares | 30.00 | 30.00 | - |
| Earnings Per Share before unusual items (Riyal) | 1.16 | 0.61 | (46.8 %) |
| EPS (Riyal) | 1.16 | 0.61 | (46.8 %) |
In the second quarter of 2025, net profit leapt 18% to SAR 18.4 million from SAR 15.5 million in Q2 2024, boosted mainly by strong sales.
The second-quarter net profit dropped 46.8% from SAR 34.6 million in Q1 2025.
Shareholders’ equity, no minority interest, rose to SAR 793 million by the end of the six-month period from SAR 744.6 million a year earlier.
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