Financial Results : Arabica Star H1 2024 net profit rises to SAR 1.7M

Arabica Star H1 2024 net profit rises to SAR 1.7M

30/10/2024 Argaam Exclusive

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Arabica Star Co., which is in the process of an initial public offering on the Nomu-Parallel Market, posted SAR 1.7 million in net profit for H1 2024, up from SAR 67,000 in the prior-year period.

The six-month profit rise was driven by the annual increase in the gross profit margin to 24%, coupled with the lower cost of revenue, as well as a decrease in financing costs and other revenues.



Current Half Annual Comparison (M)

Compared With The
Item H1 2023 H1 2024 Change‬
Revenues 29.36 28.03 (4.5 %)
Gross Income 4.04 6.61 63.8 %
Operating Income 1.52 2.79 83.3 %
Net Income 0.07 1.71 2439.0 %
Average Shares 1.10 1.10 -
Earnings Per Share before unusual items (Riyal) 0.06 1.55 2439.0 %
EPS (Riyal) 0.06 1.55 2439.0 %

Shareholders’ equity (no minority interest) amounted to SR 21.8 million in H1 2024, compared to SAR 15.2 million in H1 2023.

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Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS(Riyal)
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 - - - - - -
H2 2020 - - - - - -
H1 2021 - - - - - -
H2 2021 - - - - - -
H1 2022 - - - - - -
H2 2022 - - - - - -
H1 2023 0.07 - 0.06 - 0.07 0.06
H2 2023 4.66 - 4.23 - 4.66 4.23
H1 2024 1.71 2439.0 % 1.55 - 1.71 1.55


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 - - - - - -
H2 2020 - - - - - -
H1 2021 - - - - - -
H2 2021 - - - - - -
H1 2022 - - - - - -
H2 2022 - - - - - -
H1 2023 29.36 - 4.04 - 1.52 -
H2 2023 32.15 - 10.03 - 6.38 -
H1 2024 28.03 (4.5 %) 6.61 63.8 % 2.79 83.3 %

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
H1 2015 - -
H2 2015 - -
H1 2016 - -
H2 2016 - -
H1 2017 - -
H2 2017 - -
H1 2018 - -
H2 2018 - -
H1 2019 - -
H2 2019 - -
H1 2020 - -
H2 2020 - -
H1 2021 - -
H2 2021 - -
H1 2022 - -
H2 2022 - -
H1 2023 - -
H2 2023 22.87 % 7.68 %
2023 22.87 % 7.68 %
H1 2024 27.65 % 10.57 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Earnings Per Share before unusual items (Riyal) Book Value (BV)
H1 2015 - - - -
H2 2015 - - - -
H1 2016 - - - -
H2 2016 - - - -
H1 2017 - - - -
H2 2017 - - - -
H1 2018 - - - -
H2 2018 - - - -
H1 2019 - - - -
H2 2019 - - - -
H1 2020 - - - -
H2 2020 - - - -
H1 2021 - - - -
H2 2021 - - - -
H1 2022 - - - -
H2 2022 - - - -
H1 2023 1.10 - - 13.77
H2 2023 1.10 4.29 4.29 18.24
H1 2024 1.10 5.78 5.78 19.79

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
H1 2021 - - -
H2 2021 - - -
H1 2022 - - -
H2 2022 - - -
H1 2023 - - -
H2 2023 - - -
H1 2024 - - -

Business Segments (Million)

Compared With The
Period Food products sales Franchise Sales
Q2 2023 29.36 -
Q4 2023 30.91 1.23
Q2 2024 27.85 0.19


Financial Ratios
Current
Market Cap (M Riyal) 71.23
Enterprise Value (EV) (M) 74.42
Shares Outstanding ((M)) 1.38
Book Value (BV) ( Riyal) 28.52
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 16.31
Price/book 1.82
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Share Price

Arabica Star Co.
51.80
(2.90) (5.30 %)

Arabica Star Co. (ARABICA STAR)

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