Financial Results : Al Othaim’s H1 2025 profit drops 25% to SAR 117.5M, Q2 up at SAR 41.1M

Al Othaim’s H1 2025 profit drops 25% to SAR 117.5M, Q2 up at SAR 41.1M

06/08/2025 Argaam Exclusive

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Abdullah Al Othaim Markets Co.’s net profit tumbled 25% to SAR 117.5 million in the first half of 2025, compared to SAR 156.4 million in the year-earlier period.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 5,502.59 5,673.21 3.1 %
Gross Income 1,168.29 1,210.88 3.6 %
Operating Income 159.36 137.94 (13.4 %)
Net Income 156.36 117.50 (24.9 %)
Average Shares 900.00 900.00 -
Earnings Per Share before unusual items (Riyals) 0.17 0.13 (24.9 %)
EPS (Riyal) 0.17 0.13 (24.9 %)

The company attributed the profit decline during the current period to an increase in expenses of new branches, most notably the cost of lease financing of SAR 19.3 million. In addition, borrowing costs led up, while income from Shariah-compliant deposits decreased by SAR 2.3 million.

 

On the other hand, sales grew by 3.10%, supported by an improved profit margin, higher rental income, an increase in the company’s share of profits from associates, and higher financing income following the renewal of the commercial complex lease contract in Dammam.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 2,463.73 2,535.24 2.9 %
Gross Income 541.07 578.84 7.0 %
Operating Income 50.45 52.02 3.1 %
Net Income 40.86 41.14 0.7 %
Average Shares 900.00 900.00 -
Earnings Per Share before unusual items (Riyal) 0.05 0.05 0.7 %
EPS (Riyal) 0.05 0.05 0.7 %

The second-quarter net profit inched up 1% to SAR 41.14 million from SAR 40.86 million in Q2 2024.

 

Compared to Q1 2025, Al Othaim’s bottom line plunged 46.1% from SAR 76.36 million.

 

Total shareholders’ equity, after minority interest, increased to SAR 1.29 billion as of June 30, 2025, from SAR 1.15 billion in the year-earlier period.

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