Item | H1 2024 | H1 2025 | Change |
---|---|---|---|
Revenues | 345.86 | 412.78 | 19.3 % |
Net Income | 15.38 | 7.32 | (52.4 %) |
Average Shares | 12.00 | 12.00 | - |
Earnings Per Share before unusual items (Riyal) | 1.28 | 0.61 | (52.4 %) |
EPS (Riyal) | 1.28 | 0.61 | (52.4 %) |
Item | H2 2024 | H1 2025 | Change |
---|---|---|---|
Revenues | 472.14 | 412.78 | (12.6 %) |
Net Income | 29.73 | 7.32 | (75.4 %) |
Average Shares | 12.00 | 12.00 | - |
Earnings Per Share before unusual items (Riyal) | 2.48 | 0.61 | (75.4 %) |
EPS (Riyal) | 2.48 | 0.61 | (75.4 %) |
Net earnings before minorities dropped to SAR 7.27 million in the six-month period, compared to SAR 15.28 million in the prior-year period.
The six-month net earnings were hurt by a slowdown in the construction and development activities, lowering project completion ratios.
NBM also recorded an increase in operating expenses and finance costs.
On the other hand, revenues grew, thanks to improved sales volumes in the iron products segment.
Total shareholders’ equity, after minority interest, increased to SAR 349.94 million as of June 30, 2025, from SAR 311.21 million a year earlier.
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