Raydan Food Co. expanded its Q1 2025 net losses to SAR 7.8 million, from SAR 3.3 million in Q1 2024, on higher cost of sales despite an increase in revenue driven by seasonality.
Item | Q1 2024 | Q1 2025 | Change |
---|---|---|---|
Revenues | 42.57 | 44.21 | 3.9 % |
Gross Income | 4.08 | (0.73) | (117.8 %) |
Operating Income | (1.90) | (6.52) | (242.4 %) |
Net Income | (3.25) | (7.84) | (141.1 %) |
Average Shares | 15.81 | 15.81 | - |
Earnings Per Share before unusual items (Riyal) | (0.21) | (0.50) | (141.1 %) |
EPS (Riyal) | (0.21) | (0.50) | (141.1 %) |
Item | Q4 2024 | Q1 2025 | Change |
---|---|---|---|
Revenues | 32.62 | 44.21 | 35.5 % |
Gross Income | (3.20) | (0.73) | 77.3 % |
Operating Income | (16.36) | (6.52) | 60.2 % |
Net Income | (55.53) | (7.84) | 85.9 % |
Average Shares | 15.81 | 15.81 | - |
Earnings Per Share before unusual items (Riyal) | (1.27) | (0.50) | 61.1 % |
EPS (Riyal) | (3.51) | (0.50) | 85.9 % |
Sequentially, the company’s losses narrowed from SAR 12.75 million in Q4 2024.
Total shareholders’ equity, excluding minority interest, decreased to SAR 73.13 million as of March 31, 2025, from SAR 150.71 million a year earlier.
Accumulated losses amounted to SAR 84.94 million at the end of Q1 2025, representing 53.74% of the company’s capital.
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