Almarai Co. reported a 6% net profit increase to SAR 731.2 million for the first quarter of 2025, compared to SAR 692.2 million in the prior-year period.
Item | Q1 2024 | Q1 2025 | Change |
---|---|---|---|
Revenues | 5,458.64 | 5,767.09 | 5.7 % |
Gross Income | 1,708.46 | 1,768.66 | 3.5 % |
Operating Income | 869.38 | 885.51 | 1.9 % |
Net Income | 692.23 | 731.19 | 5.6 % |
Average Shares | 1,000.00 | 1,000.00 | - |
Earnings Per Share before unusual items (Riyal) | 0.69 | 0.73 | 5.6 % |
EPS (Riyal) | 0.69 | 0.73 | 5.6 % |
Item | Q4 2024 | Q1 2025 | Change |
---|---|---|---|
Revenues | 5,157.33 | 5,767.09 | 11.8 % |
Gross Income | 1,583.36 | 1,768.66 | 11.7 % |
Operating Income | 584.31 | 885.51 | 51.5 % |
Net Income | 430.73 | 731.19 | 69.8 % |
Average Shares | 1,000.00 | 1,000.00 | - |
Earnings Per Share before unusual items (Riyal) | 0.43 | 0.73 | 69.8 % |
EPS (Riyal) | 0.43 | 0.73 | 69.8 % |
The profit rise was spurred by a 6% year-on-year (YoY) rise in revenue, backed by the strong growth in sales volumes and the company’s robust performance during the holy month of Ramadan. This growth was driven by the dairy & juice, and poultry segments. On the other hand, the Egyptian pound devaluation offset this growth by 1%.
Almarai also said that higher planned capital investments increased capitalization of interest costs, which also supported the net profit growth.
Compared to the previous quarter, the dairy producer’s net earnings leapt 69.8% from SAR 430.7 million in Q4 2024. Almarai reported a 12% sequential rise in topline due to better fresh dairy, food and poultry sales amid a seasonal change in consumption patterns and the beginning of the holy month of Ramadan.
Total shareholders’ equity, excluding minority interest, increased to SAR 19.70 billion as of March 31, 2025, from SAR 18.33 billion a year earlier.
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