Financial Results : Kingdom Holding 2024 profit jumps 22% to SAR 1.23B; Q4 at SAR 69.5M

Kingdom Holding 2024 profit jumps 22% to SAR 1.23B; Q4 at SAR 69.5M

17/03/2025 Argaam Exclusive

View other reports

Kingdom Holding Co. (KHC) reported a net profit of SAR 1.23 billion for 2024, an increase of 22% from SAR 1.01 billion in 2023.



Financials (M)

Item 2023 2024 Change‬
Revenues 1,592.72 1,604.44 0.7 %
Gross Income 408.85 549.11 34.3 %
Operating Income (108.23) 50.34 146.5 %
Net Income 1,013.24 1,236.97 22.1 %
Average Shares 3,705.88 3,705.88 -
Earnings Per Share before unusual items (Riyals) 0.18 0.25 34.4 %
EPS (Riyal) 0.27 0.33 22.1 %

This was spurred by lower financial charges, positive impact from reversal of impairment for equity accounted investee, increase in profit share from equity-accounted investees, lower hotels and other operating costs, and higher gain on sale of investment property.

 

The company also cited lower withholding and income tax, lower general, administrative and marketing expenses, decreased Zakat and higher hotels and other operating revenues.



Current Quarter Comparison (M)

Compared With The
Item Q4 2023 Q4 2024 Change‬
Revenues 447.40 566.65 26.7 %
Gross Income (2.74) 278.82 10279.5 %
Operating Income (186.99) 330.97 277.0 %
Net Income 157.07 69.52 (55.7 %)
Average Shares 3,705.88 3,705.88 -
Earnings Per Share before unusual items (Riyal) (0.02) 0.02 211.3 %
EPS (Riyal) 0.04 0.02 (55.7 %)

Q4 2024 net profit plummeted 56% year-on-year (YoY) to SAR 69.5 million, from SAR 157.07 million in a prior-year period.

 

On a quarterly basis, net earnings dropped 80% from SAR 347.06 million in Q3 2024.

 

Total shareholders’ equity, excluding minority interest, stood at SAR 38.9 billion by Dec. 31, 2024, compared to SAR 35.1 billion a year earlier.

View More Financial Results

 

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.