Financial Results : Cenomi Retail loses SAR 210.5M in 9M 2025, SAR 124.9M in Q3

Cenomi Retail loses SAR 210.5M in 9M 2025, SAR 124.9M in Q3

06/11/2025 Argaam Exclusive

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Fawaz Abdulaziz Alhokair Co. (Cenomi Retail) reported a net loss of SAR 210.5 million (after minority interest) for the first nine months of 2025, compared to SAR 53 million in the year-earlier period.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 3,536.46 3,672.00 3.8 %
Gross Income 429.11 499.16 16.3 %
Operating Income 6.55 78.27 1095.8 %
Net Income (52.96) (210.47) (297.4 %)
Average Shares 114.77 114.77 -
Earnings Per Share before unusual items (Riyals) (2.77) (2.25) 18.9 %
EPS (Riyal) (0.46) (1.83) (297.4 %)
The company’s net loss before minority interest amounted to SAR 205.5 million during the nine-month period, compared to SAR 48.3 million in 9M 2024.

 

 

The company attributed these losses to a 1.4% year-on-year (YoY) decline in revenues from the food and beverage segment to SAR 247.3 million. However, online performance remained robust, with Subway up 260.5%, Cinnabon up 8.2%, and Subway’s like-for-like sales increasing 2.1%.

 

Moreover, selling, general & administrative expenses fell by 3%, reflecting continued efficiency gains from the cost optimization measures and improved operational efficiencies.

 

The company also saw a 70.7% YoY drop in other operating income, reaching SAR 75.4 million by the end of 9M 2025. This was primarily due to the absence of the SAR 211 million non-recurring capital gain recognized in 9M 2024 under the brand divestment program.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 1,122.56 1,208.93 7.7 %
Gross Income 127.17 132.20 4.0 %
Operating Income (2.53) (39.03) (1,443.9 %)
Net Income 17.93 (124.91) (796.7 %)
Average Shares 114.77 114.77 -
Earnings Per Share before unusual items (Riyal) (0.66) (1.31) (97.8 %)
EPS (Riyal) 0.16 (1.09) (796.7 %)
In Q3 2025, Cenomi Retail also swung to a net loss of SAR 124.9 million, against SAR 17.93 million in earnings for Q3 2024. On a sequential basis, the three-month net loss widened by 43% from SAR 87.36 million in Q2 2025.
Total shareholders’ equity (after minority interest) stood at SAR (1.20) billion by Sept. 30, 2025, compared to SAR (830.2) million a year earlier.
Accumulated losses reached SAR 1.817 billion by Sept. 30, 2025, making up 158.4% of capital.

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