Financial Results : BinDawood Holding profit falls 8% to SAR 156.4M in 9M 2025; Q3 at SAR 40.2M

BinDawood Holding profit falls 8% to SAR 156.4M in 9M 2025; Q3 at SAR 40.2M

10/11/2025 Argaam Exclusive

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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.



Financials (M)

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.



Current Quarter Comparison (M)

Compared With The
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 %

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.

Attached documents:

 

 

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