Raydan Food Co. widened the H1 2025 net losses to SAR 18.4 million in H1 2025 from SAR 4.3 million a year earlier.
Item | 6m 2024 | 6m 2025 | Change |
---|---|---|---|
Revenues | 90.03 | 68.88 | (23.5 %) |
Gross Income | 6.83 | (10.93) | (260.0 %) |
Operating Income | (7.32) | (21.48) | (193.4 %) |
Net Income | (4.91) | (18.39) | (274.6 %) |
Average Shares | 15.81 | 15.81 | - |
Earnings Per Share before unusual items (Riyals) | (0.31) | (1.16) | (274.6 %) |
EPS (Riyal) | (0.31) | (1.16) | (274.6 %) |
The company attributed the higher losses to seasonal sales and the absence of Hajj contracts this year.
In Q2 2025, net losses deepened to SAR 10.54 million from SAR 1.23 million in Q2 2024.
Item | Q2 2024 | Q2 2025 | Change |
---|---|---|---|
Revenues | 47.46 | 24.66 | (48.0 %) |
Gross Income | 2.76 | (10.21) | (470.1 %) |
Operating Income | (5.42) | (14.97) | (176.2 %) |
Net Income | (1.57) | (10.55) | (573.5 %) |
Average Shares | 15.81 | 15.81 | - |
Earnings Per Share before unusual items (Riyal) | (0.10) | (0.67) | (573.5 %) |
EPS (Riyal) | (0.10) | (0.67) | (573.5 %) |
Item | Q1 2025 | Q2 2025 | Change |
---|---|---|---|
Revenues | 44.21 | 24.66 | (44.2 %) |
Gross Income | (0.73) | (10.21) | (1,303.7 %) |
Operating Income | (6.52) | (14.97) | (129.7 %) |
Net Income | (7.84) | (10.55) | (34.5 %) |
Average Shares | 15.81 | 15.81 | - |
Earnings Per Share before unusual items (Riyal) | (0.50) | (0.67) | (34.5 %) |
EPS (Riyal) | (0.50) | (0.67) | (34.5 %) |
Similarly, Raydan incurred net losses of SAR 7.84 million in Q1 2025.
Total shareholders’ equity, after minority interest, reached SAR 62.58 million at the end of the current period, down from SAR 149.14 million a year earlier.
The company reported accumulated losses of SAR 95.5 million, 60.41% of capital, mainly due to lower sales and contract revenues, higher costs and expenses, asset impairments, foreign exchange losses, losses from an associate, and higher cost of revenue.
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