BinDawood Holding Co. reported a net profit SAR 156.4 million (before minority interest) in the first nine months of 2025, a fall of 8% from SAR 170.6 million in the year-earlier period.
| Item | 9m 2024 | 9m 2025 | Change |
|---|---|---|---|
| Revenues | 4,252.10 | 4,678.13 | 10.0 % |
| Gross Income | 1,380.98 | 1,582.73 | 14.6 % |
| Operating Income | 241.73 | 248.81 | 2.9 % |
| Net Income | 170.59 | 156.40 | (8.3 %) |
| Average Shares | 1,143.00 | 1,143.00 | - |
| Earnings Per Share before unusual items (Riyals) | 0.15 | 0.14 | (8.3 %) |
| EPS (Riyal) | 0.15 | 0.14 | (8.3 %) |
Operating expenses increased to SAR 1.33 billion, due to consolidation of retail pharma and distribution businesses, as well as full-period impact of store operating costs for 2024 openings and new stores launched in 2025. This was along with integration of pharmacy sections within BinDawood and Danube stores, as well as higher staffing, utilities, and logistics expenses.
However, the company achieved 10% revenue growth in 9M 2025, driven by growth in retail grocery, retail pharma, and distribution segments.
The third-quarter net earnings rose 15% to SAR 40.2 million, from SAR 35 million a year earlier, spurred mainly by higher sales.
| Item | Q3 2024 | Q3 2025 | Change |
|---|---|---|---|
| Revenues | 1,361.33 | 1,529.41 | 12.3 % |
| Gross Income | 449.51 | 520.75 | 15.8 % |
| Operating Income | 56.65 | 75.60 | 33.5 % |
| Net Income | 35.00 | 40.20 | 14.9 % |
| Average Shares | 1,143.00 | 1,143.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.03 | 0.04 | 14.9 % |
| EPS (Riyal) | 0.03 | 0.04 | 14.9 % |
| Item | Q2 2025 | Q3 2025 | Change |
|---|---|---|---|
| Revenues | 1,474.31 | 1,529.41 | 3.7 % |
| Gross Income | 533.29 | 520.75 | (2.4 %) |
| Operating Income | 80.42 | 75.60 | (6.0 %) |
| Net Income | 50.48 | 40.20 | (20.4 %) |
| Average Shares | 1,143.00 | 1,143.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.04 | 0.04 | (20.4 %) |
| EPS (Riyal) | 0.04 | 0.04 | (20.4 %) |
The company’s Q3 net income fell 20.4% from SAR 50.48 million.
Total shareholders’ equity, after minority interest, reached SAR 1.45 billion as of Sept. 30, 2025, compared to SAR 1.44 billion in the corresponding period of 2024.
| Company | Estimated | Actual | Change |
|---|---|---|---|
| FLYNAS | 151.33 | 120.22 | |
| SGS | 100.45 | 101.50 | |
| 2P | 38.50 | 32.78 | |
| BINDAWOOD | 37.24 | 40.20 | |
| DAR ALARKAN | 187.00 | 255.60 | |
| MBC GROUP | 10.60 | 98.03 | |
| TASNEE | (10.58) | (558.50) | |
| TANMIAH | 1.10 | (15.80) | |
| MAHARAH | 41.40 | 44.46 | |
| ALHAMMADI | 72.42 | 51.89 |
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