Saudi Chemical Co. Holding (Saudi Chemical) reported a net profit of SAR 82.3 million in Q1 2025, a retreat of 10% from SAR 91.5 million a year earlier.
Item | Q1 2024 | Q1 2025 | Change |
---|---|---|---|
Revenues | 1,644.96 | 1,643.72 | (0.1 %) |
Gross Income | 213.63 | 219.98 | 3.0 % |
Operating Income | 119.26 | 118.72 | (0.4 %) |
Net Income | 91.45 | 82.33 | (10.0 %) |
Average Shares | 843.20 | 843.20 | - |
Earnings Per Share before unusual items (Riyal) | 0.11 | 0.10 | (10.0 %) |
EPS (Riyal) | 0.11 | 0.10 | (10.0 %) |
Item | Q4 2024 | Q1 2025 | Change |
---|---|---|---|
Revenues | 1,761.68 | 1,643.72 | (6.7 %) |
Gross Income | 255.18 | 219.98 | (13.8 %) |
Operating Income | 81.09 | 118.72 | 46.4 % |
Net Income | 51.93 | 82.33 | 58.5 % |
Average Shares | 843.20 | 843.20 | - |
Earnings Per Share before unusual items (Riyal) | 0.06 | 0.10 | 58.5 % |
EPS (Riyal) | 0.06 | 0.10 | 58.5 % |
Revenue dipped 0.08% year-on-year due to a reduction in the volume of products sold.
Saudi Chemical reported an increase in financing expenses and the revaluation of derivative financial instruments used for hedging risks associated with commission rate fluctuations, in addition to a rise in Zakat and tax provisions.
Net earnings soared 58.5% quarter-on-quarter from SAR 51.93 million in Q4 2024.
Total shareholders’ equity, excluding minority interest, stood at SAR 2.17 billion by March 31, 2025, compared to SAR 1.89 billion a year earlier.
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