AYYAN Investment Co. reported a net profit of SAR 367.4 million after minority interest in Q1 2025, versus a net loss of SAR 55.7 million in the same period last year, driven by one-off gains.
Item | Q1 2024 | Q1 2025 | Change |
---|---|---|---|
Revenues | 5.17 | 2.53 | (51.1 %) |
Gross Income | 0.79 | 0.31 | (61.4 %) |
Operating Income | (1.46) | (6.13) | (319.4 %) |
Net Income | (55.65) | 367.36 | 760.1 % |
Average Shares | 88.35 | 100.64 | 13.9 % |
Earnings Per Share before unusual items (Riyal) | (0.63) | (0.50) | 20.0 % |
EPS (Riyal) | (0.63) | 3.65 | 679.5 % |
Item | Q4 2024 | Q1 2025 | Change |
---|---|---|---|
Revenues | 3.16 | 2.53 | (20.1 %) |
Gross Income | 0.88 | 0.31 | (65.5 %) |
Operating Income | (7.56) | (6.13) | 18.9 % |
Net Income | (25.77) | 367.36 | 1525.5 % |
Average Shares | 100.64 | 100.64 | - |
Earnings Per Share before unusual items (Riyal) | (0.26) | (0.50) | (96.7 %) |
EPS (Riyal) | (0.26) | 3.65 | 1525.5 % |
The profit was mainly attributed to SAR 418.06 million in proceeds from the sale of AYYAN’s entire stakes in Al-Ahsa Medical Services Co. and Al-Salam Medical Services Co., along with gains from investments at fair value through profit or loss (P/L).
Despite lower revenue due to weaker sales volumes, the company saw a decline in cost of sales.
Quarter-on-quarter, AYYAN swung to profit from a net loss of SAR 25.7 million in Q4 2024, backed by the stake sale, a profit share from a sister company, and investment gains.
Total shareholders’ equity, after minority interest, stood at SAR 974.23 million by March 31, 2025, compared to SAR 442.67 million a year earlier.
Accumulated losses declined from 40.84% of the company’s capital as of Dec. 31, 2024, to 16.26% (SAR 163.67 million) as of March 31, 2025.
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