Financial Results : Fitaihi swings to SAR 980,000 loss in Q1 2025

Fitaihi swings to SAR 980,000 loss in Q1 2025

14/05/2025 Argaam Exclusive

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Fitaihi Holding Group reported a net loss of SAR 980,000 in Q1 2025, against a net profit of SAR 2 million in the prior-year period.


Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 8.86 11.50 29.8 %
Gross Income 4.24 4.06 (4.2 %)
Operating Income (2.07) (2.30) (11.4 %)
Net Income 2.04 (0.98) (148.1 %)
Average Shares 275.00 275.00 -
Earnings Per Share before unusual items (Riyal) 0.01 0.00 (148.1 %)
EPS (Riyal) 0.01 0.00 (148.1 %)

The company’s share from an associate's results decreased to SAR 700,000 in Q1 2025, compared to SAR 5 million a year before. Gross profit also dropped by 4.2%, despite an increase in sales to SAR 11.5 million due to a difference in the sales mix.

 

In addition, the company received dividends worth SAR 1.5 million from equity instruments at fair value through comprehensive income during Q1 2025, compared to zero in Q1 2024.

 

Zakat expenses fell to SAR 800,000 during the quarter, compared to SAR 900,000 in Q1 2024.

 

Sequentially, the company turned to losses from earnings of SAR 3.54 million in Q4 2024.

 

Shareholders' equity, no minority interest, amounted to SAR 465.3 million as of March 31, 2025, compared to SAR 431.5 million in prior-year period.

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