Financial Results : Savola 9M 2025 net profit at SAR 680.4M; Q3 at SAR 385.6M

Savola 9M 2025 net profit at SAR 680.4M; Q3 at SAR 385.6M

05/11/2025 Argaam Exclusive

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Savola Group reported a net profit of SAR 680.4 million for the first nine months of 2025, compared to SAR 665.1 million in the year-earlier period.

 


Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 17,897.83 20,284.40 13.3 %
Gross Income 3,755.09 3,899.71 3.9 %
Operating Income 1,562.24 929.60 (40.5 %)
Net Income 665.12 680.42 2.3 %
Average Shares 300.00 300.00 -
Earnings Per Share before unusual items (Riyals) 2.25 1.42 (37.0 %)
EPS (Riyal) 2.22 2.27 2.3 %

The profit growth was attributed to a rise in revenue to SAR 20.3 billion for 9M 2025, from SAR 17.9 billion a year earlier. The growth was mainly driven by higher retail revenues (up 6.3%) supported by network expansion and customer experience improvements, as well as stronger performance in the food manufacturing segment due to higher sales volumes and prices in edible oils, consolidation of the Egyptian United Sugar Co., and a 6.3% rise in frozen food sales.

 

This came despite lower food services revenue, while results from discontinued operations in Iran and Sudan were excluded in line with IFRS.

 

Other operating income also increased mainly due to reversing unused provisions worth SAR 52.7 million, partially offset by a net loss of SAR 7.9 million from the disposal of certain non-current assets related to a regulatory project.

 

In addition, income tax expenses decreased, and the company recorded a net Zakat reversal of SAR 211.8 million in 2025, compared to a net Zakat expense of SAR 51.8 million in 2024.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 5,620.42 6,625.49 17.9 %
Gross Income 1,122.72 1,252.52 11.6 %
Operating Income 439.86 276.37 (37.2 %)
Net Income 181.02 385.56 113.0 %
Average Shares 300.00 300.00 -
Earnings Per Share before unusual items (Riyal) 0.64 0.43 (31.8 %)
EPS (Riyal) 0.60 1.29 113.0 %

In Q3 2025, Savola’s net profit climbed 113% to SAR 385.56 million, compared to SAR 181.02 million in Q3 2024.

 

On a quarterly basis, net earnings surged 264.8% from SAR 105.7 million in Q2 2025.

 

Total shareholders’ equity, after minority interest, reached SAR 5.31 billion by Sept. 30, 2025, compared to SAR 14.67 billion a year ago.

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