Financial Results : Seera Q1 2025 profit falls 13% to SAR 53M

Seera Q1 2025 profit falls 13% to SAR 53M

11/05/2025 Argaam Exclusive

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Seera Group Holding reported a net profit (before minority interest) of SAR 53 million in Q1 2025, down 13% from SAR 61 million in Q1 2024.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 1,078.02 1,104.48 2.5 %
Gross Income 460.34 472.22 2.6 %
Operating Income 101.22 92.80 (8.3 %)
Net Income 45.89 37.07 (19.2 %)
Average Shares 300.00 300.00 -
Earnings Per Share before unusual items (Riyal) 0.15 0.15 (4.9 %)
EPS (Riyal) 0.15 0.12 (19.2 %)

The profit decline was attributed to weak performance of Portman, as well as impairments related to Portman acquisitions.

 

Revenues increased by 2% year-on-year to SAR 1.10 billion, driven by an 11% growth in the hospitality segment, 8% rise in the Portman business, and a 7% increase from the Lumi car rental segment. The Almosafer travel platform segment recorded a modest 1% revenue increase.

 

Sequentially, Seera turned to net earnings from net losses of SAR 312 million in Q4 2024.

 

Shareholders’ equity, after minority interest, reached SAR 5.99 billion at the end of Q1 2025, compared to SAR 6.71 billion in the year-earlier period.

 

Attached Documents:

 

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