BAAN makes SAR 5.2M profit in 2024, loses SAR 12.4M in Q4

24/03/2025 Argaam Exclusive

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BAAN Holding Group Co. turned to a net profit of SAR 5.2 million in 2024 from a net loss of SAR 89.8 million in 2023.

Financials (M)

Item	2023	2024	Change‬
Revenues	742.14	678.70	(8.5 %)
Gross Income	187.56	185.08	(1.3 %)
Operating Income	0.42	41.16	9793.8 %
Net Income	(89.70)	5.31	105.9 %
Average Shares	315.00	315.00	-
Earnings Per Share before unusual items (Riyals)	(0.27)	(0.10)	62.9 %
EPS (Riyal)	(0.28)	0.02	105.9 %

The positive results were driven by an increase in occupancy rates and average room prices in the group’s hotels during Q1 and Q4 2024 due to the rise in events and exhibitions, particularly in Riyadh.

Other income grew by SAR 16.97 million, mainly due to the group's entry into the catering and food services sector, which commenced operations in 2024. This is one of the key areas the group aims to expand into.

Additionally, the group completed the development and renovation of two major entertainment centers in Riyadh and Jeddah and opened a new entertainment center in Jeddah.

BAAN recorded an operating profit of SAR 61.99 million against an operating loss of SAR 1.90 million in 2023.

On the other hand, revenue decreased by 8.55% YoY to SAR 678.70 million in 2024.

Revenue from the hospitality segment decreased by SAR 39.55 million, as a number of loss-making hotels were divested in 2023. Revenue was also affected by the shutdown of a hotel in Riyadh due to a fire incident during the fourth quarter of 2023.

Revenue from the entertainment segment shrank by SAR 40.86 million, as revenues from the construction and development of third-party projects in 2023 amounted to SAR 54.23 million, compared to SAR 4.47 million in 2024.

In Q4 2024, BAAN incurred a net loss of SAR 12.4 million, a decline of 81.6% from SAR 67.5 million in Q4 2023.

The company reported net earnings of SAR 7.2 million in Q3 2024.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2023	Q4 2024	Change‬
Revenues	163.83	172.82	5.5 %
Gross Income	46.38	38.34	(17.3 %)
Operating Income	(21.35)	2.69	112.6 %
Net Income	(67.45)	(12.30)	81.8 %
Average Shares	315.00	315.00	-
Earnings Per Share before unusual items (Riyal)	(0.17)	(0.04)	77.6 %
EPS (Riyal)	(0.21)	(0.04)	81.8 %

Item	Q3 2024	Q4 2024	Change‬
Revenues	161.16	172.82	7.2 %
Gross Income	44.25	38.34	(13.4 %)
Operating Income	12.08	2.69	(77.7 %)
Net Income	7.27	(12.30)	(269.2 %)
Average Shares	315.00	315.00	-
Earnings Per Share before unusual items (Riyal)	(0.02)	(0.04)	(137.6 %)
EPS (Riyal)	0.02	(0.04)	(269.2 %)

Total shareholders’ equity, excluding minority interest, reached SAR 206.64 million as of Dec. 31, 2024, compared to SAR 203.43 million a year earlier.

Accumulated losses stood at SAR 109.01 million by the end of the 12-month period, accounting for 34.61% of the company’s capital.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2015	278.05	19.5 %	113.50	25.5 %	55.24	17.0 %
Q2 2015	275.62	14.3 %	97.93	10.1 %	35.22	(25.7 %)
Q3 2015	316.63	29.0 %	118.98	31.3 %	52.91	32.3 %
Q4 2015	275.59	18.5 %	91.39	5.8 %	27.55	(42.1 %)
2015	1,145.90	20.4 %	421.80	18.4 %	170.92	(6.2 %)
Q1 2016	297.81	7.1 %	106.25	(6.4 %)	45.54	(17.6 %)
Q2 2016	279.87	1.5 %	82.22	(16.0 %)	12.15	(65.5 %)
Q3 2016	336.89	6.4 %	123.75	4.0 %	57.19	8.1 %
Q4 2016	258.96	(6.0 %)	61.95	(32.2 %)	5.49	(80.1 %)
2016	1,173.53	2.4 %	374.16	(11.3 %)	120.37	(29.6 %)
Q1 2017	258.31	(13.3 %)	64.45	(39.3 %)	5.90	(87.0 %)
Q2 2017	289.40	3.4 %	77.59	(5.6 %)	10.72	(11.8 %)
Q3 2017	316.08	(6.2 %)	79.58	(35.7 %)	7.25	(87.3 %)
Q4 2017	260.30	0.5 %	46.90	(24.3 %)	(17.23)	(413.8 %)
2017	1,124.09	(4.2 %)	268.52	(28.2 %)	6.63	(94.5 %)
Q1 2018	271.00	4.9 %	56.98	(11.6 %)	(7.35)	(224.5 %)
Q2 2018	307.62	6.3 %	70.13	(9.6 %)	(1.24)	(111.5 %)
Q3 2018	315.52	(0.2 %)	75.35	(5.3 %)	0.64	(91.2 %)
Q4 2018	256.82	(1.3 %)	25.07	(46.5 %)	(41.89)	(143.1 %)
2018	1,150.95	2.4 %	227.53	(15.3 %)	(49.84)	(851.6 %)
Q1 2019	260.73	(3.8 %)	59.70	4.8 %	(3.31)	55.0 %
Q2 2019	298.93	(2.8 %)	84.31	20.2 %	18.16	1570.5 %
Q3 2019	301.85	(4.3 %)	82.85	10.0 %	13.46	2006.4 %
Q4 2019	248.51	(3.2 %)	45.22	80.3 %	(19.92)	52.4 %
2019	1,110.02	(3.6 %)	272.08	19.6 %	8.39	116.8 %
Q1 2020	231.05	(11.4 %)	81.29	36.2 %	28.54	963.2 %
Q2 2020	119.58	(60.0 %)	(1.52)	(101.8 %)	(47.24)	(360.1 %)
Q3 2020	113.23	(62.5 %)	(41.57)	(150.2 %)	(90.29)	(770.8 %)
Q4 2020	149.24	(39.9 %)	7.76	(82.8 %)	(50.35)	(152.7 %)
2020	613.11	(44.8 %)	45.96	(83.1 %)	(159.34)	(1998.9 %)
Q1 2021	140.99	(39.0 %)	2.04	(97.5 %)	(41.94)	(247.0 %)
Q2 2021	182.65	52.7 %	27.84	1937.5 %	(19.92)	57.8 %
Q3 2021	191.01	68.7 %	40.59	197.7 %	(14.49)	84.0 %
Q4 2021	193.76	29.8 %	33.30	329.4 %	(7.80)	84.5 %
2021	708.42	15.5 %	103.77	125.8 %	(84.15)	47.2 %
Q1 2022	172.38	22.3 %	27.48	1247.5 %	(17.59)	58.1 %
Q2 2022	172.07	(5.8 %)	23.47	(15.7 %)	(21.93)	(10.1 %)
Q3 2022	176.50	(7.6 %)	46.36	14.2 %	3.12	121.5 %
Q4 2022	199.95	3.2 %	38.72	16.3 %	(9.78)	(25.4 %)
2022	720.89	1.8 %	136.02	31.1 %	(46.17)	45.1 %
Q1 2023	163.84	(5.0 %)	25.22	(8.2 %)	(17.38)	1.2 %
Q2 2023	201.08	16.9 %	56.02	138.7 %	19.19	187.5 %
Q3 2023	213.39	20.9 %	59.94	29.3 %	19.95	539.6 %
Q4 2023	163.83	(18.1 %)	46.38	19.8 %	(21.35)	(118.3 %)
2023	742.14	2.9 %	187.56	37.9 %	0.42	100.9 %
Q1 2024	158.17	(3.5 %)	44.57	76.7 %	5.69	132.8 %
Q2 2024	186.55	(7.2 %)	57.92	3.4 %	20.70	7.9 %
Q3 2024	161.16	(24.5 %)	44.25	(26.2 %)	12.08	(39.5 %)
Q4 2024	172.82	5.5 %	38.34	(17.3 %)	2.69	112.6 %
2024	678.70	(8.5 %)	185.08	(1.3 %)	41.16	9793.8 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2015	1,145.90	20.4 %	421.80	18.4 %	170.92	(6.2 %)
2016	1,173.53	2.4 %	374.16	(11.3 %)	120.37	(29.6 %)
2017	1,124.09	(4.2 %)	268.52	(28.2 %)	6.63	(94.5 %)
2018	1,150.95	2.4 %	227.53	(15.3 %)	(49.84)	(851.6 %)
2019	1,110.02	(3.6 %)	272.08	19.6 %	8.39	116.8 %
2020	613.11	(44.8 %)	45.96	(83.1 %)	(159.34)	(1998.9 %)
2021	708.42	15.5 %	103.77	125.8 %	(84.15)	47.2 %
2022	720.89	1.8 %	136.02	31.1 %	(46.17)	45.1 %
2023	742.14	2.9 %	187.56	37.9 %	0.42	100.9 %
2024	678.70	(8.5 %)	185.08	(1.3 %)	41.16	9793.8 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS(Riyal)
Q1 2015	57.60	10.6 %	0.25	-	57.60	0.25
Q2 2015	43.08	(16.5 %)	0.19	-	43.08	0.19
Q3 2015	57.20	34.3 %	0.25	-	57.20	0.25
Q4 2015	31.90	(36.5 %)	0.14	-	31.90	0.14
2015	189.78	(3.4 %)	0.84	-	189.78	0.84
Q1 2016	49.16	(14.7 %)	0.22	-	49.16	0.22
Q2 2016	16.50	(61.7 %)	0.07	-	16.50	0.07
Q3 2016	55.80	(2.5 %)	0.25	-	55.80	0.25
Q4 2016	4.85	(84.8 %)	0.02	-	4.85	0.02
2016	126.31	(33.4 %)	0.56	-	126.31	0.56
Q1 2017	7.99	(83.7 %)	0.04	-	7.99	0.04
Q2 2017	14.83	(10.1 %)	0.07	-	14.83	0.07
Q3 2017	9.00	(83.9 %)	0.04	-	9.00	0.04
Q4 2017	(23.14)	(577.2 %)	(0.10)	-	(23.14)	(0.10)
2017	8.69	(93.1 %)	0.04	-	8.69	0.04
Q1 2018	(7.52)	(194.1 %)	(0.03)	-	(7.52)	(0.03)
Q2 2018	3.10	(79.1 %)	0.01	-	3.10	0.01
Q3 2018	1.93	(78.6 %)	0.01	-	1.93	0.01
Q4 2018	(73.56)	(217.9 %)	(0.32)	(24.50)	(49.06)	(0.22)
2018	(76.05)	(975.4 %)	(0.34)	(24.50)	(51.55)	(0.23)
Q1 2019	(32.06)	(326.3 %)	(0.14)	-	(32.06)	(0.14)
Q2 2019	0.63	(79.9 %)	0.00	-	0.63	0.00
Q3 2019	(15.52)	(904.9 %)	(0.07)	-	(15.52)	(0.07)
Q4 2019	(96.03)	(30.6 %)	(0.42)	(48.41)	(47.62)	(0.21)
2019	(142.99)	(88.0 %)	(0.63)	(48.41)	(94.58)	(0.42)
Q1 2020	2.11	106.6 %	0.01	-	2.11	0.01
Q2 2020	2.07	231.0 %	0.01	76.88	(74.82)	(0.33)
Q3 2020	(109.32)	(604.5 %)	(0.48)	(14.40)	(94.92)	(0.42)
Q4 2020	(95.01)	1.1 %	(0.42)	(13.90)	(81.11)	(0.36)
2020	(200.16)	(40.0 %)	(0.88)	48.58	(248.74)	(1.10)
Q1 2021	(60.10)	(2953.9 %)	(0.27)	-	(60.10)	(0.27)
Q2 2021	(69.95)	(3480.9 %)	(0.31)	(30.68)	(39.27)	(0.17)
Q3 2021	6.18	105.7 %	0.02	38.19	(32.00)	(0.10)
Q4 2021	(49.84)	47.5 %	(0.16)	(25.37)	(24.48)	(0.08)
2021	(173.72)	13.2 %	(0.55)	(17.87)	(155.85)	(0.49)
Q1 2022	(31.99)	46.8 %	(0.10)	-	(31.99)	(0.10)
Q2 2022	(35.66)	49.0 %	(0.11)	-	(35.66)	(0.11)
Q3 2022	11.22	81.5 %	0.04	22.33	(11.11)	(0.04)
Q4 2022	(25.06)	49.7 %	(0.08)	-	(25.06)	(0.08)
2022	(81.49)	53.1 %	(0.26)	22.33	(103.82)	(0.33)
Q1 2023	(34.34)	(7.4 %)	(0.11)	-	(34.34)	(0.11)
Q2 2023	4.94	113.9 %	0.02	0.56	4.38	0.01
Q3 2023	7.15	(36.3 %)	0.02	8.38	(1.23)	0.00
Q4 2023	(67.45)	(169.2 %)	(0.21)	(12.48)	(54.97)	(0.17)
2023	(89.70)	(10.1 %)	(0.28)	(3.54)	(86.16)	(0.27)
Q1 2024	4.23	112.3 %	0.01	19.13	(14.90)	(0.05)
Q2 2024	6.12	23.7 %	0.02	5.67	0.44	0.00
Q3 2024	7.27	1.7 %	0.02	12.44	(5.17)	(0.02)
Q4 2024	(12.30)	81.8 %	(0.04)	-	(12.30)	(0.04)
2024	5.31	105.9 %	0.02	37.24	(31.93)	(0.10)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS(Riyal)
2015	189.78	(3.4 %)	0.84	-	189.78	0.84
2016	126.31	(33.4 %)	0.56	-	126.31	0.56
2017	8.69	(93.1 %)	0.04	-	8.69	0.04
2018	(76.05)	(975.4 %)	(0.34)	(24.50)	(51.55)	(0.23)
2019	(142.99)	(88.0 %)	(0.63)	(48.41)	(94.58)	(0.42)
2020	(200.16)	(40.0 %)	(0.88)	48.58	(248.74)	(1.10)
2021	(173.72)	13.2 %	(0.55)	(17.87)	(155.85)	(0.49)
2022	(81.49)	53.1 %	(0.26)	22.33	(103.82)	(0.33)
2023	(89.70)	(10.1 %)	(0.28)	(3.54)	(86.16)	(0.27)
2024	5.31	105.9 %	0.02	37.24	(31.93)	(0.10)

Profitability

Period	Gross Margin	Adjusted EBITDA margin	Net Margin Before Unusual Items
Q1 2015	38.05 %	29.92 %	20.26 %
Q2 2015	37.65 %	28.14 %	18.76 %
Q3 2015	37.79 %	28.23 %	18.87 %
Q4 2015	36.81 %	25.81 %	16.56 %
2015	36.81 %	25.81 %	16.56 %
Q1 2016	35.56 %	25.04 %	15.56 %
Q2 2016	34.09 %	23.40 %	13.23 %
Q3 2016	33.91 %	23.53 %	12.89 %
Q4 2016	31.88 %	22.41 %	10.76 %
2016	31.88 %	22.41 %	10.76 %
Q1 2017	29.31 %	20.02 %	7.51 %
Q2 2017	28.66 %	19.98 %	7.30 %
Q3 2017	25.26 %	16.11 %	3.27 %
Q4 2017	23.89 %	14.34 %	0.77 %
2017	23.89 %	14.34 %	0.77 %
Q1 2018	22.96 %	13.34 %	(0.60 %)
Q2 2018	21.96 %	12.32 %	(1.61 %)
Q3 2018	21.60 %	12.11 %	(2.22 %)
Q4 2018	19.77 %	10.15 %	(4.48 %)
2018	19.77 %	10.15 %	(4.48 %)
Q1 2019	20.19 %	14.96 %	(6.67 %)
Q2 2019	21.59 %	21.47 %	(6.94 %)
Q3 2019	22.53 %	27.37 %	(8.59 %)
Q4 2019	24.51 %	33.60 %	(8.52 %)
2019	24.51 %	33.60 %	(8.52 %)
Q1 2020	27.18 %	36.75 %	(5.59 %)
Q2 2020	23.07 %	34.17 %	(15.08 %)
Q3 2020	11.71 %	25.03 %	(30.22 %)
Q4 2020	7.50 %	21.75 %	(40.57 %)
2020	7.50 %	21.75 %	(40.57 %)
Q1 2021	(6.36 %)	9.45 %	(59.45 %)
Q2 2021	(0.67 %)	12.65 %	(46.99 %)
Q3 2021	11.78 %	21.13 %	(32.01 %)
Q4 2021	14.65 %	9.74 %	(22.00 %)
2021	14.65 %	9.74 %	(22.00 %)
Q1 2022	17.47 %	10.89 %	(17.27 %)
Q2 2022	17.12 %	9.33 %	(17.02 %)
Q3 2022	18.27 %	2.13 %	(14.45 %)
Q4 2022	18.87 %	24.58 %	(14.40 %)
2022	18.87 %	24.58 %	(14.40 %)
Q1 2023	18.78 %	24.74 %	(14.90 %)
Q2 2023	22.43 %	28.76 %	(8.92 %)
Q3 2023	23.12 %	36.72 %	(7.23 %)
Q4 2023	25.27 %	26.03 %	(11.61 %)
2023	25.27 %	26.03 %	(11.61 %)
Q1 2024	28.10 %	27.15 %	(9.06 %)
Q2 2024	28.92 %	26.39 %	(9.79 %)
Q3 2024	28.84 %	27.09 %	(11.14 %)
Q4 2024	27.27 %	31.74 %	(4.70 %)
2024	27.27 %	31.74 %	(4.71 %)

Period	Gross Margin	Adjusted EBITDA margin	Net Margin Before Unusual Items
2015	36.81 %	25.81 %	16.56 %
2016	31.88 %	22.41 %	10.76 %
2017	23.89 %	14.34 %	0.77 %
2018	19.77 %	10.15 %	(4.48 %)
2019	24.51 %	33.60 %	(8.52 %)
2020	7.50 %	21.75 %	(40.57 %)
2021	14.65 %	9.74 %	(22.00 %)
2022	18.87 %	24.58 %	(14.40 %)
2023	25.27 %	26.03 %	(11.61 %)
2024	27.27 %	31.74 %	(4.71 %)

Period	Gross Margin	Adjusted EBITDA margin	Net Margin Before Unusual Items
Q1 2015	40.82 %	29.99 %	20.72 %
Q2 2015	35.53 %	23.64 %	15.63 %
Q3 2015	37.58 %	27.59 %	18.07 %
Q4 2015	33.16 %	21.71 %	11.58 %
Q1 2016	35.68 %	26.68 %	16.51 %
Q2 2016	29.38 %	16.82 %	5.90 %
Q3 2016	36.73 %	27.80 %	16.56 %
Q4 2016	23.92 %	16.51 %	1.87 %
Q1 2017	24.95 %	16.84 %	3.09 %
Q2 2017	26.81 %	16.78 %	5.13 %
Q3 2017	25.18 %	14.58 %	2.85 %
Q4 2017	18.02 %	8.87 %	(8.89 %)
Q1 2018	21.03 %	12.52 %	(2.78 %)
Q2 2018	22.80 %	12.74 %	1.01 %
Q3 2018	23.88 %	13.80 %	0.61 %
Q4 2018	9.76 %	0.07 %	(19.10 %)
Q1 2019	22.90 %	33.66 %	(12.30 %)
Q2 2019	28.20 %	37.30 %	0.21 %
Q3 2019	27.45 %	35.34 %	(5.14 %)
Q4 2019	18.20 %	26.98 %	(19.16 %)
Q1 2020	35.18 %	48.41 %	0.91 %
Q2 2020	(1.27 %)	18.65 %	(62.57 %)
Q3 2020	(36.71 %)	(20.18 %)	(83.83 %)
Q4 2020	5.20 %	14.78 %	(54.35 %)
Q1 2021	1.45 %	19.80 %	(42.63 %)
Q2 2021	15.24 %	25.74 %	(21.50 %)
Q3 2021	21.25 %	22.65 %	(16.75 %)
Q4 2021	17.19 %	(25.40 %)	(12.63 %)
Q1 2022	15.94 %	22.90 %	(18.56 %)
Q2 2022	13.64 %	20.07 %	(20.73 %)
Q3 2022	26.27 %	(5.42 %)	(6.30 %)
Q4 2022	19.36 %	56.40 %	(12.53 %)
Q1 2023	15.39 %	23.51 %	(20.96 %)
Q2 2023	27.86 %	35.54 %	2.18 %
Q3 2023	28.09 %	29.55 %	(0.58 %)
Q4 2023	28.31 %	12.28 %	(33.55 %)
Q1 2024	28.18 %	28.64 %	(9.42 %)
Q2 2024	31.05 %	33.27 %	0.24 %
Q3 2024	27.46 %	33.48 %	(3.21 %)
Q4 2024	22.19 %	31.31 %	(7.11 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Earnings Per Share before unusual items (Riyal)	Book Value (BV)
Q1 2015	226.54	0.89	0.89	3.39
Q2 2015	226.54	0.85	0.85	3.27
Q3 2015	226.54	0.92	0.92	3.53
Q4 2015	226.54	0.84	0.84	3.36
Q1 2016	226.54	0.80	0.80	2.95
Q2 2016	226.54	0.68	0.68	3.02
Q3 2016	226.54	0.68	0.68	3.11
Q4 2016	226.54	0.56	0.56	3.08
Q1 2017	226.54	0.38	0.38	3.07
Q2 2017	226.54	0.37	0.37	3.13
Q3 2017	226.54	0.16	0.16	3.17
Q4 2017	226.54	0.04	0.04	2.96
Q1 2018	226.54	(0.03)	(0.03)	2.88
Q2 2018	226.54	(0.08)	(0.08)	2.89
Q3 2018	226.54	(0.11)	(0.11)	2.90
Q4 2018	226.54	(0.34)	(0.23)	2.57
Q1 2019	226.54	(0.44)	(0.34)	2.43
Q2 2019	226.54	(0.45)	(0.35)	2.43
Q3 2019	226.54	(0.53)	(0.42)	2.36
Q4 2019	226.54	(0.63)	(0.42)	1.94
Q1 2020	226.54	(0.48)	(0.27)	1.95
Q2 2020	226.54	(0.47)	(0.60)	1.96
Q3 2020	226.54	(0.89)	(0.95)	1.48
Q4 2020	226.54	(0.88)	(1.10)	1.09
Q1 2021	226.54	(1.16)	(1.37)	0.83
Q2 2021	226.54	(1.48)	(1.22)	0.51
Q3 2021	315.00	(0.69)	(0.67)	1.35
Q4 2021	315.00	(0.55)	(0.49)	1.18
Q1 2022	315.00	(0.46)	(0.41)	1.08
Q2 2022	315.00	(0.35)	(0.39)	0.96
Q3 2022	315.00	(0.34)	(0.33)	1.00
Q4 2022	315.00	(0.26)	(0.33)	0.92
Q1 2023	315.00	(0.27)	(0.34)	0.81
Q2 2023	315.00	(0.14)	(0.21)	0.83
Q3 2023	315.00	(0.15)	(0.18)	0.86
Q4 2023	315.00	(0.28)	(0.27)	0.65
Q1 2024	315.00	(0.16)	(0.21)	0.66
Q2 2024	315.00	(0.16)	(0.22)	0.68
Q3 2024	315.00	(0.16)	(0.24)	0.70
Q4 2024	315.00	0.02	(0.10)	0.66

Period	Shares Outstanding (M)	EPS (Riyal)	Earnings Per Share before unusual items (Riyal)	Book Value (BV)
2015	226.54	0.84	0.84	3.36
2016	226.54	0.56	0.56	3.08
2017	226.54	0.04	0.04	2.96
2018	226.54	(0.34)	(0.23)	2.57
2019	226.54	(0.63)	(0.42)	1.94
2020	226.54	(0.88)	(1.10)	1.09
2021	315.00	(0.55)	(0.49)	1.18
2022	315.00	(0.26)	(0.33)	0.92
2023	315.00	(0.28)	(0.27)	0.65
2024	315.00	0.02	(0.10)	0.66

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Recurring P/E	Price/book
Q1 2015	24.39	24.39	6.42
Q2 2015	29.97	29.97	7.82
Q3 2015	22.79	22.79	5.94
Q4 2015	23.77	23.77	5.92
Q1 2016	16.51	16.51	4.47
Q2 2016	17.99	17.99	4.07
Q3 2016	10.59	10.59	2.30
Q4 2016	20.76	20.76	3.75
Q1 2017	25.78	25.78	3.15
Q2 2017	24.63	24.63	2.90
Q3 2017	59.10	59.10	3.02
Q4 2017	More than 100	More than 100	2.52
Q1 2018	NEG	NEG	2.21
Q2 2018	NEG	NEG	2.40
Q3 2018	NEG	NEG	2.03
Q4 2018	NEG	NEG	2.03
Q1 2019	NEG	NEG	2.13
Q2 2019	NEG	NEG	1.75
Q3 2019	NEG	NEG	1.90
Q4 2019	NEG	NEG	2.46
Q1 2020	NEG	NEG	1.54
Q2 2020	NEG	NEG	2.15
Q3 2020	NEG	NEG	3.45
Q4 2020	NEG	NEG	5.85
Q1 2021	NEG	NEG	8.43
Q2 2021	NEG	NEG	13.81
Q3 2021	NEG	NEG	3.52
Q4 2021	NEG	NEG	3.02
Q1 2022	NEG	NEG	3.12
Q2 2022	NEG	NEG	2.54
Q3 2022	NEG	NEG	2.16
Q4 2022	NEG	NEG	1.94
Q1 2023	NEG	NEG	3.08
Q2 2023	NEG	NEG	3.32
Q3 2023	NEG	NEG	2.60
Q4 2023	NEG	NEG	3.53
Q1 2024	NEG	NEG	4.24
Q2 2024	NEG	NEG	3.81
Q3 2024	NEG	NEG	3.53
Q4 2024	More than 100	NEG	3.77

Period	P/E	Recurring P/E	Price/book
2015	23.77	23.77	5.92
2016	20.76	20.76	3.75
2017	More than 100	More than 100	2.52
2018	NEG	NEG	2.03
2019	NEG	NEG	2.46
2020	NEG	NEG	5.85
2021	NEG	NEG	3.02
2022	NEG	NEG	1.94
2023	NEG	NEG	3.53
2024	More than 100	NEG	3.77

Business Segments (Million)

Compared With The

Period	Hotels sector	Recreational centers sector	Other sectors	Disposals
Q1 2015	169.23	104.03	5.50	(0.70)
Q2 2015	177.58	93.11	5.58	(0.64)
Q3 2015	178.24	133.24	5.82	(0.67)
Q4 2015	177.93	89.39	9.14	(0.86)
Q1 2016	179.29	108.87	9.65	-
Q2 2016	174.97	96.54	8.35	-
Q3 2016	170.76	157.25	8.88	-
Q4 2016	153.81	96.23	8.92	-
Q1 2017	145.66	103.18	9.48	-
Q2 2017	165.94	114.04	9.42	-
Q3 2017	160.63	144.94	10.51	-
Q4 2017	141.06	106.92	12.32	-
Q1 2018	149.34	108.02	13.64	-
Q2 2018	183.71	109.66	14.26	-
Q3 2018	172.72	127.08	15.72	-
Q4 2018	144.26	99.06	13.50	-
Q1 2019	142.46	100.10	18.18	-
Q2 2019	158.30	123.81	16.82	-
Q3 2019	160.17	124.82	16.87	-
Q4 2019	135.49	100.41	12.61	-
Q1 2020	134.54	83.01	13.50	-
Q2 2020	115.34	2.99	1.24	-
Q3 2020	64.04	39.19	10.01	-
Q4 2020	81.40	57.91	9.93	-
Q1 2021	81.98	50.31	8.71	-
Q2 2021	92.43	80.62	9.60	-
Q3 2021	99.51	82.15	9.36	-
Q4 2021	107.97	74.40	11.40	-
Q1 2022	97.20	65.90	9.29	-
Q2 2022	85.32	77.13	9.62	-
Q3 2022	79.73	88.05	8.72	-
Q4 2022	94.56	96.65	8.74	-
Q1 2023	96.70	59.33	7.81	-
Q2 2023	94.81	95.08	11.19	-
Q3 2023	89.62	113.69	10.07	-
Q4 2023	83.81	69.71	10.32	-
Q1 2024	91.59	58.67	7.92	-
Q2 2024	78.93	90.38	17.25	-
Q3 2024	67.94	80.34	12.87	-
Q4 2024	86.93	67.74	18.32	-

Period	Hotels sector	Recreational centers sector	Other sectors	Disposals
2015	702.98	419.76	26.03	(2.87)
2016	678.83	458.89	35.80	-
2017	613.29	469.08	41.72	-
2018	650.02	443.81	57.12	-
2019	596.41	449.13	64.47	-
2020	395.32	183.10	34.68	-
2021	381.89	287.47	39.06	-
2022	356.81	327.72	36.37	-
2023	364.94	337.80	39.39	-
2024	325.39	296.95	56.36	-

Financial Ratios

	Current
Market Cap (M Riyal)	585.90
Enterprise Value (EV) (M Riyal)	942.11
Shares Outstanding ((M))	315.00
EPS ( Riyal) (TTM)	(0.64)
Book Value (BV) ( Riyal)	0.01
Par Value ( Riyal)	1.00
Recurring P/E	Neg
P/E (TTM)	NEG
Price/book	209.92
Return on Average Assets (%) (TTM)	(11.38 )
Return on Average Equity (%) (TTM)	(192.72 )
EV/adj EBITDA	7.87
EV/Revenues	1.45

BAAN Holding Group Co. (BAAN)

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BAAN makes SAR 5.2M profit in 2024, loses SAR 12.4M in Q4

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2024 Q4

Financial Ratios

Share Price

BAAN Holding Group Co. (BAAN)

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BAAN makes SAR 5.2M profit in 2024, loses SAR 12.4M in Q4

View other reports

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q4 2024

Revenue by Business Segment (Latest) 2024 Q4

Financial Ratios

Share Price

BAAN Holding Group Co. (BAAN)

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Business Segments (Million)