Financial Results : AYYAN makes SAR 367.4M profit in Q1 2025 on one-off gains

AYYAN makes SAR 367.4M profit in Q1 2025 on one-off gains

06/05/2025 Argaam Exclusive

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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.



Current Quarter Comparison (M)

Compared With The
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 %

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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