Financial Results : Fitaihi profit dips 38% to SAR 6.3M in H1 2025, Q2 at SAR 7.2M

Fitaihi profit dips 38% to SAR 6.3M in H1 2025, Q2 at SAR 7.2M

07/08/2025 Argaam Exclusive

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Fitaihi Holding Group posted a 38% decline in its H1 2025 net profits to SAR 6.3 million, from SAR 10.1 million in the first half of 2024.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 19.65 20.18 2.7 %
Gross Income 8.26 7.35 (11.0 %)
Operating Income (4.15) (5.27) (27.0 %)
Net Income 10.07 6.25 (37.9 %)
Average Shares 275.00 275.00 -
Earnings Per Share before unusual items (Riyals) 0.04 0.02 (37.9 %)
EPS (Riyal) 0.04 0.02 (37.9 %)

This came as the six-month revenues decreased year-on-year (YoY) due to a lower share of results in an associate during the first half of 2025, reaching SAR 3 million compared to SAR 8.2 million during the first half of 2024.

 

Selling, distribution, administrative, general, and other expenses increased by 1.6% to SAR 12.8 million in H1 2025, compared to SAR 12.6 million in the year before.

 

However, dividend payouts from equity instruments at fair value through comprehensive income soared to SAR 10 million during the first half of 2025, compared to SAR 7.9 million in H1 2024.

 

Sales also widened by 3.1% to SAR 20.2 million during the first half of 2025, against SAR 19.6 million during the first half of 2024. The Zakat provision also narrowed by 22.2% YoY to SAR 1.4 million.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 10.79 8.68 (19.5 %)
Gross Income 4.02 3.30 (18.1 %)
Operating Income (2.08) (2.97) (42.4 %)
Net Income 8.03 7.23 (9.9 %)
Average Shares 275.00 275.00 -
Earnings Per Share before unusual items (Riyal) 0.03 0.03 (9.9 %)
EPS (Riyal) 0.03 0.03 (9.9 %)

In Q2 2025, the Saudi-listed jewelry retailer’s net profit shrank 10% to SAR 7.2 million, from SAR 8.03 million in Q2 2024.

 

Fitaihi had incurred a net loss of 980,000 in Q1 2025 amid elevated revenues despite the 24.3% quarter-on-quarter slump in sales.

 

Total shareholders’ equity, no minority interest, increased to SAR 483.98 million as of June 30, 2025, from SAR 469.44 million a year earlier.

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