Financial Results : Zahrat Al Waha loses SAR 8.3M in Q1 2025

Zahrat Al Waha loses SAR 8.3M in Q1 2025

01/05/2025 Argaam Exclusive

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Zahrat Al Waha for Trading Co. swung to a net loss of SAR 8.3 million in Q1 2025, against a net profit of SAR 3.7 million in the prior-year period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 137.09 125.94 (8.1 %)
Gross Income 14.89 4.06 (72.7 %)
Operating Income 5.80 (5.44) (193.7 %)
Net Income 3.70 (8.28) (323.6 %)
Average Shares 22.50 22.50 -
Earnings Per Share before unusual items (Riyals) 0.16 (0.37) (323.6 %)
EPS (Riyals) 0.16 (0.37) (323.6 %)

The first-quarter losses were attributed to a decline in sales amid lower selling and key raw material prices. In addition, the company witnessed increased selling & distribution and general & administrative expenses.

 

Zahrat Al Waha recorded a 67.65% year-on-year (YoY) decline in profits from the sale of investments at fair value through profit/loss amid the current stock market conditions.

 

The Q1 2025 losses came despite a 3% YoY rise in the first-quarter sales volumes. Zahrat Al Waha also reported an increase in the cost of goods sold for the three-month period, with financing costs also contracting by 19.44% on a yearly basis for Q1 2025. 

 

Compared to Q4 2024, the company turned to losses versus a net profit of SAR 5.8 million.

 

Total shareholders’ equity, no minority interest, dropped to SAR 289.65 million as of March 31, 2025, from SAR 319.88 million a year earlier.

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