Financial Results : Anaam posts 99% profit drop to SAR 103,000 in 2024; Q4 at SAR 4M

Anaam posts 99% profit drop to SAR 103,000 in 2024; Q4 at SAR 4M

25/03/2025 Argaam Exclusive

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Anaam International Holding Group’s net earnings dropped to SAR 103,000 by the end of 2024, versus SAR 12.1 million in the year before.



Financials (M)

Item 2023 2024 Change‬
Revenues 51.16 43.88 (14.2 %)
Gross Income 32.86 25.94 (21.1 %)
Operating Income 8.57 (4.02) (146.9 %)
Net Income 12.14 0.10 (99.2 %)
Average Shares 31.50 31.50 -
Earnings Per Share before unusual items (Riyals) 0.52 0.01 (98.0 %)
EPS (Riyal) 0.39 0.00 (99.2 %)

The annual profit decline was due to lower revenues, increased general and administrative expenses, and weaker profits from real estate investments at fair value.

 

In Q4 2024, Anaam also posted a 33.9% profit slump to SAR 4 million, against SAR 6 million a year earlier.

 

Sequentially, however, the company reversed losses of SAR 8.05 million in Q3 2024.



Current Quarter Comparison (M)

Compared With The
Item Q4 2023 Q4 2024 Change‬
Revenues 14.09 9.45 (32.9 %)
Gross Income 9.68 5.28 (45.4 %)
Operating Income 0.05 (8.04) (16673.6 %)
Net Income 5.99 3.96 (33.9 %)
Average Shares 31.50 31.50 -
Earnings Per Share before unusual items (Riyal) 0.36 0.13 (65.2 %)
EPS (Riyal) 0.19 0.13 (33.9 %)

Shareholders’ equity, excluding minority interest, contracted to SAR 267.21 million by the end of 2024, compared to SAR 272.74 million a year ago.

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Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2015 13.54 (53.1 %) 3.68 275.0 % (0.04) 99.6 %
Q2 2015 29.36 2.8 % 11.50 69.8 % 7.38 838.6 %
Q3 2015 32.77 2.3 % 15.45 490.3 % 10.53 1961.0 %
Q4 2015 13.29 (5.1 %) 7.38 35.5 % 2.68 605.1 %
Q1 2016 9.79 (27.7 %) (0.59) (116.0 %) (4.56) (11,684.0 %)
Q2 2016 25.81 (12.1 %) 8.69 (24.4 %) 5.34 (27.6 %)
Q3 2016 17.21 (47.5 %) 0.63 (95.9 %) (2.49) (123.6 %)
Q4 2016 13.61 2.4 % (7.75) (205.1 %) (13.37) (599.2 %)
Q1 2017 4.74 (51.6 %) (0.96) (63.0 %) (4.62) (1.4 %)
Q2 2017 13.82 (46.5 %) (1.61) (118.5 %) (5.21) (197.6 %)
Q3 2017 15.63 (9.2 %) (3.70) (684.7 %) (7.15) (187.4 %)
Q4 2017 9.15 (32.8 %) (4.10) 47.1 % (10.18) 23.9 %
Q1 2018 5.21 9.9 % (2.49) (159.1 %) (5.89) (27.4 %)
Q2 2018 14.88 7.6 % 5.02 412.3 % 2.21 142.3 %
Q3 2018 15.90 1.7 % (0.21) 94.3 % (3.00) 58.0 %
Q4 2018 4.74 (48.2 %) (4.91) (19.6 %) (8.69) 14.6 %
Q1 2019 2.55 (51.0 %) (2.61) (4.9 %) (4.90) 16.8 %
Q2 2019 1.79 (88.0 %) 0.29 (94.3 %) (1.87) (184.7 %)
Q3 2019 2.05 (87.1 %) 0.51 341.2 % (1.29) 56.9 %
Q4 2019 2.03 (57.2 %) (8.57) (74.7 %) (14.00) (61.0 %)
Q1 2020 3.30 29.4 % 1.27 148.7 % (0.78) 84.0 %
Q2 2020 1.58 (11.6 %) 0.17 (42.5 %) (1.33) 28.7 %
Q3 2020 1.50 (26.7 %) (0.65) (227.3 %) (2.21) (71.1 %)
Q4 2020 1.81 (10.6 %) 0.45 105.2 % (4.39) 68.6 %
Q1 2021 2.00 (39.5 %) 0.73 (42.8 %) (2.75) (252.1 %)
Q2 2021 1.91 20.6 % 0.60 263.6 % (2.52) (89.0 %)
Q3 2021 1.94 29.5 % 0.70 208.2 % (3.22) (45.5 %)
Q4 2021 1.89 4.4 % 0.58 30.3 % (8.56) (95.0 %)
Q1 2022 3.22 61.2 % 0.28 (61.8 %) (6.39) (131.9 %)
Q2 2022 3.97 108.3 % 0.20 (67.3 %) (1.96) 22.2 %
Q3 2022 10.61 445.9 % 6.17 780.5 % 0.98 130.6 %
Q4 2022 10.32 445.3 % 6.84 1079.7 % (7.40) 13.5 %
Q1 2023 10.97 240.7 % 6.38 2196.0 % 2.01 131.4 %
Q2 2023 11.91 200.1 % 7.27 3609.7 % 2.63 234.1 %
Q3 2023 14.19 33.8 % 9.53 54.4 % 3.89 294.7 %
Q4 2023 14.09 36.5 % 9.68 41.4 % 0.05 100.7 %
Q1 2024 11.52 5.0 % 7.03 10.1 % 1.77 (11.9 %)
Q2 2024 11.75 (1.4 %) 7.08 (2.6 %) 2.28 (13.3 %)
Q3 2024 11.16 (21.3 %) 6.55 (31.3 %) (0.09) (102.3 %)
Q4 2024 9.45 (32.9 %) 5.28 (45.4 %) (8.04) (16673.6 %)
2024 43.88 (14.2 %) 25.94 (21.1 %) (4.02) (146.9 %)


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS(Riyal)
Q1 2015 1.52 120.2 % 0.05 - 1.52 0.05
Q2 2015 6.84 485.9 % 0.22 - 6.84 0.22
Q3 2015 10.48 504.7 % 0.34 - 10.48 0.34
Q4 2015 2.11 115.3 % 0.07 - 2.11 0.07
Q1 2016 (2.83) (285.6 %) (0.09) - (2.83) (0.09)
Q2 2016 4.98 (27.1 %) 0.16 - 4.98 0.16
Q3 2016 (2.81) (126.8 %) (0.09) - (2.81) (0.09)
Q4 2016 (12.72) (702.7 %) (0.41) (1.95) (10.77) (0.35)
Q1 2017 (4.57) (61.5 %) (0.15) - (4.57) (0.15)
Q2 2017 (5.55) (211.4 %) (0.18) - (5.55) (0.18)
Q3 2017 (7.33) (160.7 %) (0.24) - (7.33) (0.24)
Q4 2017 (10.32) 18.9 % (0.33) - (10.32) (0.33)
Q1 2018 (5.64) (23.4 %) (0.18) - (5.64) (0.18)
Q2 2018 2.14 138.6 % 0.07 - 2.14 0.07
Q3 2018 (2.84) 61.2 % (0.09) - (2.84) (0.09)
Q4 2018 (8.67) 16.0 % (0.28) - (8.67) (0.28)
Q1 2019 (4.22) 25.2 % (0.14) - (4.22) (0.14)
Q2 2019 (3.87) (280.3 %) (0.13) - (3.87) (0.13)
Q3 2019 (2.78) 2.3 % (0.09) - (2.78) (0.09)
Q4 2019 (86.90) (902.5 %) (2.82) - (86.90) (2.82)
Q1 2020 (0.50) 88.2 % (0.02) - (0.50) (0.02)
Q2 2020 0.35 109.0 % 0.01 - 0.35 0.01
Q3 2020 (1.14) 58.9 % (0.04) - (1.14) (0.04)
Q4 2020 (4.69) 94.6 % (0.15) - (4.69) (0.15)
Q1 2021 (2.47) (394.8 %) (0.08) - (2.47) (0.08)
Q2 2021 0.65 87.3 % 0.02 - 0.65 0.02
Q3 2021 21.99 2024.1 % 0.71 24.57 (2.59) (0.08)
Q4 2021 (16.43) (249.9 %) (0.53) - (16.43) (0.53)
Q1 2022 4.03 263.4 % 0.13 8.97 (4.94) (0.16)
Q2 2022 (1.15) (276.7 %) (0.04) (8.27) 7.12 0.23
Q3 2022 8.11 (63.1 %) 0.26 1.42 6.69 0.21
Q4 2022 (39.32) (139.3 %) (1.25) (26.76) (12.56) (0.40)
Q1 2023 3.33 (17.4 %) 0.11 1.10 2.24 0.07
Q2 2023 2.18 290.1 % 0.07 - 2.18 0.07
Q3 2023 0.63 (92.2 %) 0.02 - 0.63 0.02
Q4 2023 5.99 115.2 % 0.19 (5.38) 11.37 0.36
Q1 2024 4.56 36.9 % 0.14 4.50 0.07 0.00
Q2 2024 (0.43) (119.7 %) (0.01) - (0.43) (0.01)
Q3 2024 (8.05) (1369.9 %) (0.26) (4.73) (3.33) (0.11)
Q4 2024 3.96 (33.9 %) 0.13 - 3.96 0.13
2024 0.10 (99.2 %) 0.00 (0.23) 0.33 0.01

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2015 21.00 % 46.94 % (1.89 %)
Q2 2015 26.13 % 60.05 % 7.81 %
Q3 2015 40.23 % 55.04 % 22.32 %
Q4 2015 42.73 % 74.40 % 23.55 %
Q1 2016 39.60 % 73.05 % 19.48 %
Q2 2016 37.89 % 64.22 % 18.06 %
Q3 2016 24.38 % 80.83 % 2.20 %
Q4 2016 1.49 % 18.63 % (17.20 %)
Q1 2017 1.00 % 19.43 % (21.45 %)
Q2 2017 (19.61 %) 12.13 % (47.99 %)
Q3 2017 (29.33 %) 11.88 % (59.04 %)
Q4 2017 (23.93 %) 14.36 % (64.08 %)
Q1 2018 (27.16 %) 11.38 % (65.83 %)
Q2 2018 (11.76 %) 17.30 % (47.12 %)
Q3 2018 (3.96 %) 15.72 % (36.90 %)
Q4 2018 (6.36 %) 16.93 % (36.84 %)
Q1 2019 (7.12 %) 19.57 % (35.69 %)
Q2 2019 (29.79 %) (23.15 %) (78.46 %)
Q3 2019 (60.40 %) (17.74 %) (175.54 %)
Q4 2019 (123.46 %) (123.74 %) (1162.24 %)
Q1 2020 (70.97 %) (99.00 %) (1026.50 %)
Q2 2020 (73.98 %) (59.42 %) (1003.19 %)
Q3 2020 (92.54 %) (172.62 %) (1048.89 %)
Q4 2020 15.06 % (54.02 %) (73.11 %)
Q1 2021 10.00 % (83.01 %) (115.53 %)
Q2 2021 15.58 % (86.09 %) (106.14 %)
Q3 2021 32.30 % (83.56 %) (118.86 %)
Q4 2021 33.71 % (163.59 %) (269.28 %)
Q1 2022 24.10 % (182.94 %) (260.15 %)
Q2 2022 15.92 % (144.16 %) (152.71 %)
Q3 2022 36.71 % (60.35 %) (38.39 %)
Q4 2022 47.98 % (36.55 %) (13.14 %)
Q1 2023 54.64 % (5.39 %) 9.72 %
Q2 2023 60.89 % 6.04 % (3.33 %)
Q3 2023 63.36 % 11.74 % (15.86 %)
Q4 2023 64.23 % 24.99 % 32.11 %
2023 64.23 % 25.10 % 32.11 %
Q1 2024 64.79 % 24.26 % 27.57 %
Q2 2024 64.63 % 23.32 % 22.60 %
Q3 2024 62.52 % 16.45 % 15.84 %
Q4 2024 59.12 % (0.27 %) 0.62 %
2024 59.12 % (0.27 %) 0.76 %


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 30.87 (0.54) (0.05) 5.25
Q2 2015 30.87 (0.26) 0.23 5.61
Q3 2015 30.87 0.16 0.65 5.95
Q4 2015 30.87 0.68 0.68 5.88
Q1 2016 30.87 0.54 0.54 5.46
Q2 2016 30.87 0.48 0.48 5.63
Q3 2016 30.87 0.05 0.05 5.54
Q4 2016 30.87 (0.43) (0.37) 5.13
Q1 2017 30.87 (0.49) (0.43) 5.14
Q2 2017 30.87 (0.83) (0.77) 4.96
Q3 2017 30.87 (0.98) (0.91) 4.72
Q4 2017 30.87 (0.90) (0.90) 4.23
Q1 2018 30.87 (0.93) (0.93) 4.05
Q2 2018 30.87 (0.68) (0.68) 4.12
Q3 2018 30.87 (0.54) (0.54) 4.03
Q4 2018 30.87 (0.49) (0.49) 3.69
Q1 2019 30.87 (0.44) (0.44) 3.55
Q2 2019 30.87 (0.63) (0.63) 3.42
Q3 2019 30.87 (0.63) (0.63) 3.33
Q4 2019 30.87 (3.17) (3.17) 0.51
Q1 2020 30.87 (3.05) (3.05) 0.50
Q2 2020 30.87 (2.91) (2.91) 0.51
Q3 2020 30.87 (2.86) (2.86) 0.47
Q4 2020 31.10 (0.19) (0.19) 2.86
Q1 2021 31.10 (0.26) (0.26) 2.77
Q2 2021 31.10 (0.25) (0.25) 2.71
Q3 2021 31.10 0.50 (0.29) 3.98
Q4 2021 31.10 0.12 (0.67) 3.47
Q1 2022 31.10 0.33 (0.75) 3.61
Q2 2022 31.50 0.27 (0.53) 9.77
Q3 2022 31.50 (0.17) (0.24) 10.03
Q4 2022 31.50 (0.90) (0.12) 8.72
Q1 2023 31.50 (0.92) 0.11 8.83
Q2 2023 31.50 (0.82) (0.05) 8.89
Q3 2023 31.50 (1.05) (0.24) 8.91
Q4 2023 31.50 0.39 0.52 8.66
Q1 2024 31.50 0.42 0.45 9.23
Q2 2024 31.50 0.34 0.37 9.21
Q3 2024 31.50 0.07 0.24 8.96
Q4 2024 31.50 0.00 0.01 8.48

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Recurring P/E Price/book
Q1 2015 NEG NEG 4.95
Q2 2015 NEG More than 100 4.66
Q3 2015 More than 100 27.96 3.05
Q4 2015 29.75 29.75 3.44
Q1 2016 31.26 31.26 3.08
Q2 2016 34.48 34.48 2.93
Q3 2016 More than 100 More than 100 2.14
Q4 2016 NEG NEG 3.11
Q1 2017 NEG NEG 3.19
Q2 2017 NEG NEG 2.99
Q3 2017 NEG NEG 3.10
Q4 2017 NEG NEG 3.26
Q1 2018 NEG NEG 2.76
Q2 2018 NEG NEG 2.67
Q3 2018 NEG NEG 2.41
Q4 2018 NEG NEG 3.60
Q1 2019 NEG NEG 3.15
Q2 2019 NEG NEG 2.56
Q3 2019 NEG NEG 2.50
Q4 2019 NEG NEG 22.83
Q1 2020 NEG NEG 18.53
Q2 2020 NEG NEG 20.06
Q3 2020 NEG NEG 41.79
Q4 2020 NEG NEG 13.65
Q1 2021 NEG NEG 15.86
Q2 2021 NEG NEG 16.12
Q3 2021 87.02 NEG 10.89
Q4 2021 More than 100 NEG 9.99
Q1 2022 More than 100 NEG 9.51
Q2 2022 82.81 NEG 2.27
Q3 2022 NEG NEG 2.34
Q4 2022 NEG NEG 2.37
Q1 2023 NEG More than 100 2.41
Q2 2023 NEG NEG 2.90
Q3 2023 NEG NEG 2.29
Q4 2023 47.24 34.91 2.10
Q1 2024 49.96 46.85 2.30
Q2 2024 73.19 67.61 2.71
Q3 2024 More than 100 95.11 2.59
Q4 2024 More than 100 More than 100 3.11

Business Segments (Million)

Compared With The
Period Rental of buildings and others Entertainment and beauty Warehouse management and leasing Medical supplies Agricultural activities
Q1 2022 0.68 1.44 1.09 - -
Q2 2022 0.74 1.75 0.84 0.64 -
Q3 2022 6.69 1.96 1.39 0.56 -
Q1 2023 6.26 3.33 1.37 - -
Q2 2023 6.41 4.28 1.21 - -
Q3 2023 6.54 6.55 1.10 - -
Q4 2023 7.00 5.89 1.19 - -
Q1 2024 6.34 4.02 1.16 - -
Q2 2024 6.34 4.11 1.29 - -
Q3 2024 6.09 3.74 1.34 - -
Q4 2024 5.53 2.52 1.39 - -


Financial Ratios
Current
Market Cap (M Riyal) 504.32
Enterprise Value (EV) (M Riyal) 649.26
Shares Outstanding ((M)) 31.50
EPS ( Riyal) (TTM) (0.54)
Book Value (BV) ( Riyal) 8.08
Par Value ( Riyal) 10.00
Recurring P/E Neg
P/E (TTM) NEG
Price/book 1.98
Return on Average Assets (%) (TTM) (2.90 )
Return on Average Equity (%) (TTM) (6.21 )
EV/adj EBITDA (72.27)
EV/Revenues 17.01
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Share Price

Anaam International Holding Group
16.01
0.20 1.27 %

Anaam International Holding Group (ANAAM HOLDING)

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