Saudia Dairy and Foodstuff Co. (SADAFCO) reported a marginal decline in Q1 2025 net profit to SAR 126.1 million, compared to SAR 126.3 million in the year-earlier period.
Item | Q1 2024 | Q1 2025 | Change |
---|---|---|---|
Revenues | 717.88 | 778.58 | 8.5 % |
Gross Income | 256.49 | 279.86 | 9.1 % |
Operating Income | 121.58 | 122.73 | 0.9 % |
Net Income | 126.25 | 126.11 | (0.1 %) |
Average Shares | 32.50 | 32.50 | - |
Earnings Per Share before unusual items (Riyal) | 3.88 | 3.88 | (0.1 %) |
EPS (Riyal) | 3.88 | 3.88 | (0.1 %) |
Item | Q4 2024 | Q1 2025 | Change |
---|---|---|---|
Revenues | 733.21 | 778.58 | 6.2 % |
Gross Income | 257.95 | 279.86 | 8.5 % |
Operating Income | 84.92 | 122.73 | 44.5 % |
Net Income | 92.15 | 126.11 | 36.9 % |
Average Shares | 32.50 | 32.50 | - |
Earnings Per Share before unusual items (Riyal) | 2.59 | 3.88 | 49.9 % |
EPS (Riyal) | 2.84 | 3.88 | 36.9 % |
Ice cream sales declined as Ramadan commenced in March 2025. The decline, which has been remedied, came after 11 consecutive quarters of growth.
SADAFCO reported a drop in net finance income of SAR 2.6 million year-on-year (YoY) due to a decline in cash balances as the company paid out SAR 388 million in dividends.
On the other hand, sales grew by 8.46% YoY. Mlekoma also recorded exceptional sales growth of almost 60% YoY. Moreover, gross profit margins remained intact at 35.9% in Q1 2025, compared to 35.7% in the year-earlier period.
On a quarterly basis, net earnings jumped 36.9% from SAR 92.1 million in Q4 2024.
Shareholders' equity, after minority interest, declined to SAR 1.64 billion as of March 31, 2025, from SAR 1.83 billion a year earlier.
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