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.
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 %) |
Item | Q4 2024 | Q1 2025 | Change |
---|---|---|---|
Revenues | 115.77 | 125.94 | 8.8 % |
Gross Income | 16.60 | 4.06 | (75.5 %) |
Operating Income | 9.87 | (5.44) | (155.1 %) |
Net Income | 5.85 | (8.28) | (241.5 %) |
Average Shares | 22.50 | 22.50 | - |
Earnings Per Share before unusual items (Riyals) | 0.26 | (0.37) | (241.5 %) |
EPS (Riyals) | 0.26 | (0.37) | (241.5 %) |
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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