Financial Results : Al-Omran incurs losses of SAR 3.5M in 2024, SAR 1.7M in Q4

Al-Omran incurs losses of SAR 3.5M in 2024, SAR 1.7M in Q4

26/03/2025 Argaam Exclusive

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Al-Omran Industrial Trading Co. trimmed its losses to SAR 3.5 million in 2024, from SAR 13.9 million incurred a year ago.


Financials (M)

Item 2023 2024 Change‬
Revenues 130.44 141.96 8.8 %
Gross Income 19.54 27.30 39.7 %
Operating Income (5.58) 1.37 124.5 %
Net Income (13.91) (3.52) 74.7 %
Average Shares 12.00 12.00 -
Earnings Per Share before unusual items (Riyals) (1.16) (0.29) 74.7 %
EPS (Riyals) (1.16) (0.29) 74.7 %

The company cited a 9% year-on-year (YoY) revenue rise to SAR 141.9 million in 2024, thanks to better sales in the commercial and industrial segments. This came amid promoting sales with existing customers, while securing new clients and expanding into new markets.

 

The cost of revenue to total revenue ratio decreased by 5% in 2024, compared to the previous year. Further, during the same year, general and administrative expenses declined by 8% YoY, with financing costs also down 39% on an annual basis.



Current Quarter Comparison (M)

Compared With The
Item Q4 2023 Q4 2024 Change‬
Revenues 20.81 23.68 13.8 %
Gross Income 2.97 7.51 152.4 %
Operating Income (4.34) 0.94 121.7 %
Net Income (7.00) (1.70) 75.7 %
Average Shares 12.00 12.00 -
Earnings Per Share before unusual items (Riyals) (0.58) (0.14) 75.7 %
EPS (Riyals) (0.58) (0.14) 75.7 %

In Q4 2024, net losses narrowed to SAR 1.7 million, from SAR 7 million in Q4 2023.

 

Net losses, however, widened by 80.8% from SAR 941,000 in Q3 2024.

 

Total shareholders’ equity, after minority interest, declined to SAR 155.74 million as of Dec. 31, 2024, from SAR 159.54 million a year earlier.

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