Raoom Trading Co. reported a net profit of SAR 2.3 million in the first half of 2025, down from SAR 28.3 million a year earlier.
Item | 6m 2024 | 6m 2025 | Change |
---|---|---|---|
Revenues | 59.80 | 51.55 | (13.8 %) |
Gross Income | 21.70 | 15.13 | (30.3 %) |
Operating Income | 15.44 | 8.31 | (46.2 %) |
Net Income | 28.31 | 2.29 | (91.9 %) |
Average Shares | 12.50 | 12.50 | - |
Earnings Per Share before unusual items (Riyals) | 2.27 | 0.18 | (91.9 %) |
EPS (Riyal) | 2.27 | 0.18 | (91.9 %) |
Revenues decreased by 13.8% year-on-year (YoY) to SAR 51.5 million for the current period, hurt by a fall in average selling prices of the company’s products due to lower market prices and a decline in sales volumes.
In addition, the firm recognized a loss from the revaluation of financial assets at fair value amounting to SAR 3 million, compared to a gain of SAR 14.8 million in the same period of the previous year.
Item | Q2 2024 | Q2 2025 | Change |
---|---|---|---|
Revenues | 26.78 | 24.18 | (9.7 %) |
Gross Income | 7.78 | 5.91 | (24.1 %) |
Operating Income | 4.94 | 3.09 | (37.5 %) |
Net Income | 4.36 | (2.72) | (162.3 %) |
Average Shares | 12.50 | 12.50 | - |
Earnings Per Share before unusual items (Riyal) | 0.35 | (0.22) | (162.3 %) |
EPS (Riyal) | 0.35 | (0.22) | (162.3 %) |
Item | Q1 2025 | Q2 2025 | Change |
---|---|---|---|
Revenues | 27.37 | 24.18 | (11.7 %) |
Gross Income | 9.22 | 5.91 | (35.9 %) |
Operating Income | 5.22 | 3.09 | (40.9 %) |
Net Income | 5.00 | (2.72) | (154.3 %) |
Average Shares | 12.50 | 12.50 | - |
Earnings Per Share before unusual items (Riyal) | 0.40 | (0.22) | (154.3 %) |
EPS (Riyal) | 0.40 | (0.22) | (154.3 %) |
The company turned to a loss of SAR 2.7 million in Q2 2025, against net earnings of SAR 4.36 million in Q2 2024, mainly due to a 9.7% YoY fall in revenues to SAR 24.2 million.
The company’s net earnings slumped 154.3% from SAR 5 million in Q1 2025.
Shareholders’ equity, no minority interest, stood at SAR 153.9 million as of June 30, 2025, compared to SAR 155.34 million a year earlier.
Be the first to comment
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments Analysis: