Financial Results : Anaam loses SAR 15M in 9M 2025, SAR 2.2M in Q3

Anaam loses SAR 15M in 9M 2025, SAR 2.2M in Q3

03/11/2025 Argaam Exclusive

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Anaam Holding Group reported a net loss of SAR 15 million for the first nine months of 2025, compared to a loss of SAR 3.9 million in the same period of 2024.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 34.43 29.44 (14.5 %)
Gross Income 20.65 17.35 (16.0 %)
Operating Income 3.93 (2.57) (165.6 %)
Net Income (3.95) (15.04) (280.5 %)
Average Shares 31.50 31.50 -
Earnings Per Share before unusual items (Riyals) (0.12) (0.48) (304.1 %)
EPS (Riyal) (0.13) (0.48) (280.5 %)

The widened losses were mainly driven by lower investment income and a 14% year-on-year (YoY) drop in total revenue in 9M 2025.

 

This came as Saudi Wasit Factory for Entertainment & Beauty Systems Co. recorded an 11% decline in sales, alongside a 100% fall in Al Khumra land lease income and lower profit from discontinued operations.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 11.16 11.89 6.5 %
Gross Income 6.55 7.66 17.0 %
Operating Income (0.12) 2.40 2108.5 %
Net Income (8.08) (2.21) 72.6 %
Average Shares 31.50 31.50 -
Earnings Per Share before unusual items (Riyal) (0.11) (0.07) 34.1 %
EPS (Riyal) (0.26) (0.07) 72.6 %

In Q3 2025, the group narrowed its net loss compared to the year-earlier quarter, supported by a 6% rise in revenue.

 

This was mainly due to a 42% increase in sales from Saudi Wasit Factory in Q3 2025, lower general and administrative expenses, and gains from the fair value of investment properties.

 

Sequentially, the company also reduced its losses, backed by a 37% jump in revenue, reflecting a 109% surge in sales from Saudi Wasit Factory, lower administrative expenses, and gains from the fair value of investments.

 

Total shareholders’ equity (after minority interest) stood at SAR 252.17 million by Sept. 30, 2025, down from SAR 282.18 million a year earlier.

 

Accumulated losses reached SAR 62.82 million, accounting for 19.95% of capital, by Sept. 30, 2025.



Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
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 %) (0.12) (103.1 %)
Q4 2024 9.45 (32.9 %) 5.28 (45.4 %) (8.04) (16673.6 %)
Q1 2025 8.88 (22.9 %) 4.88 (30.5 %) (2.67) (251.2 %)
Q2 2025 8.67 (26.2 %) 4.81 (32.0 %) (2.30) (201.1 %)
Q3 2025 11.89 6.5 % 7.66 17.0 % 2.40 2108.5 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS(Riyal)
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 (8.08) (1374.7 %) (0.26) (4.73) (3.36) (0.11)
Q4 2024 3.96 (33.9 %) 0.13 - 3.96 0.13
Q1 2025 (6.20) (235.8 %) (0.20) - (6.20) (0.20)
Q2 2025 (6.63) (1,444.4 %) (0.21) - (6.63) (0.21)
Q3 2025 (2.21) 72.6 % (0.07) - (2.21) (0.07)

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
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 %
Q1 2024 64.79 % 24.26 % 27.57 %
Q2 2024 64.63 % 23.32 % 22.60 %
Q3 2024 62.52 % 16.45 % 15.78 %
Q4 2024 59.12 % (0.27 %) 0.55 %
2024 59.12 % (0.27 %) 0.76 %
Q1 2025 57.70 % (11.01 %) (14.61 %)
Q2 2025 56.40 % (23.54 %) (32.02 %)
Q3 2025 58.21 % (16.66 %) (28.48 %)


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Earnings Per Share before unusual items (Riyal) Book Value (BV)
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 0.06 0.24 8.43
Q4 2024 31.50 0.00 0.01 8.48
Q1 2025 31.50 (0.34) (0.19) 8.29
Q2 2025 31.50 (0.54) (0.39) 8.08
Q3 2025 31.50 (0.35) (0.35) 8.01

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Recurring P/E Price/book
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 95.49 2.75
Q4 2024 More than 100 More than 100 3.11
Q1 2025 NEG NEG 2.14
Q2 2025 NEG NEG 2.03
Q3 2025 NEG NEG 2.03

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 - -
Q1 2025 4.92 2.76 1.20 - -
Q2 2025 4.96 2.54 1.17 - -
Q3 2025 5.30 5.30 1.29 - -

Current
Market Cap (M Riyal) 371.39
Enterprise Value (EV) (M Riyal) 518.15
Shares Outstanding ((M)) 31.50
EPS ( Riyal) (TTM) (0.35)
Book Value (BV) ( Riyal) 8.01
Par Value ( Riyal) 10.00
Recurring P/E Neg
P/E (TTM) NEG
Price/book 1.47
Return on Average Assets (%) (TTM) (1.93 )
Return on Average Equity (%) (TTM) (4.28 )
EV/adj EBITDA (80.00)
EV/Revenues 13.32

Share Price

Anaam International Holding Group (ANAAM HOLDING)


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