Saudi Fisheries trims loss to SAR 41M in 2024; Q4 profit at SAR 7.5M

26/03/2025 Argaam Exclusive

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Saudi Fisheries Co. narrowed net loss to SAR 41 million in 2024, from SAR 120 million in 2023.

Financials (M)

Item	2023	2024	Change‬
Revenues	52.21	19.04	(63.5 %)
Gross Income	(43.96)	(5.95)	86.5 %
Operating Income	(127.04)	(52.13)	59.0 %
Net Income	(119.96)	(41.00)	65.8 %
Average Shares	6.70	6.70	-
Earnings Per Share before unusual items (Riyals)	(17.96)	(7.89)	56.1 %
EPS (Riyal)	(17.91)	(6.12)	65.8 %

This was fueled by reduced farm-related expenses for shrimp and fish production, lower operating expenses due to decreased business activity, in addition to a 27% reduction in selling, general and administrative expenses (SG&As) costs.

It also reported the reversal of impairment for non-financial assets amounting to SAR 7.6 million.

Meanwhile, sales declined by 63.5% year-on-year (YoY) due to reduced wholesale activities and the end of production cycles.

The company also cited farms fixed costs incurred after complete harvesting, higher consultancy expenses related to capital restructuring and the recognition of provisions totaling SAR 8.98 million, related to inventory, advances to suppliers, and trade receivables.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2023	Q4 2024	Change‬
Revenues	9.54	1.49	(84.4 %)
Gross Income	(25.86)	(0.33)	98.7 %
Operating Income	(68.67)	(1.56)	97.7 %
Net Income	(72.85)	7.47	110.3 %
Average Shares	6.70	6.70	-
Earnings Per Share before unusual items (Riyal)	(10.48)	(0.66)	93.7 %
EPS (Riyal)	(10.88)	1.12	110.3 %

Item	Q3 2024	Q4 2024	Change‬
Revenues	1.85	1.49	(19.7 %)
Gross Income	(2.68)	(0.33)	87.7 %
Operating Income	(24.24)	(1.56)	93.5 %
Net Income	(28.70)	7.47	126.0 %
Average Shares	6.70	6.70	-
Earnings Per Share before unusual items (Riyal)	(4.28)	(0.66)	84.7 %
EPS (Riyal)	(4.28)	1.12	126.0 %

The company reported a net profit of SAR 7.5 million in Q4 2024, versus a net loss of SAR 72.8 million a year earlier. Sequentially, the company swung to profit from SAR 28.7 million losses in Q3 2024.

Total shareholders’ equity, no minority interest, stood at SAR 75.56 million by Dec. 31, 2024, compared to SAR 116.27 million a year earlier.

The company's accumulated losses amounted to SAR 325.54 million as of Dec. 31, 2024, representing 81.38% of its capital.

View more financial results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2015	24.43	7.5 %	0.32	4075.0 %	(9.02)	(5.0 %)
Q2 2015	21.00	13.9 %	0.78	118.9 %	(8.03)	38.4 %
Q3 2015	18.69	7.9 %	(6.53)	(789.7 %)	(14.96)	(75.0 %)
Q4 2015	19.26	(10.1 %)	(2.08)	(667.6 %)	(11.49)	2.4 %
2015	83.37	4.3 %	(7.51)	(167.7 %)	(43.50)	(3.7 %)
Q1 2016	19.48	(20.3 %)	0.34	6.0 %	(8.44)	6.4 %
Q2 2016	16.88	(19.6 %)	0.68	(12.5 %)	(8.17)	(1.7 %)
Q3 2016	12.73	(31.9 %)	(0.15)	97.7 %	(8.94)	40.3 %
Q4 2016	11.17	(42.0 %)	(2.21)	(6.1 %)	(11.61)	(1.0 %)
2016	60.26	(27.7 %)	(2.13)	71.7 %	(39.07)	10.2 %
Q1 2017	10.97	(43.7 %)	0.04	(88.1 %)	(7.59)	10.1 %
Q2 2017	7.74	(54.2 %)	(0.75)	(209.2 %)	(8.16)	0.1 %
Q3 2017	7.69	(39.6 %)	(0.68)	(350.7 %)	(7.91)	11.4 %
Q4 2017	9.16	(18.0 %)	(1.00)	54.9 %	(9.70)	16.4 %
2017	35.54	(41.0 %)	(2.38)	(11.8 %)	(33.40)	14.5 %
Q1 2018	7.37	(32.8 %)	(0.17)	(527.5 %)	(6.16)	18.8 %
Q2 2018	4.72	(38.9 %)	0.80	207.8 %	(6.79)	16.9 %
Q3 2018	3.76	(51.1 %)	0.84	223.7 %	(7.50)	5.2 %
Q4 2018	5.57	(39.2 %)	1.97	297.9 %	(12.37)	(27.5 %)
2018	21.42	(39.7 %)	6.16	359.0 %	(32.87)	1.6 %
Q1 2019	5.31	(28.0 %)	0.78	557.9 %	(8.78)	(42.5 %)
Q2 2019	4.47	(5.3 %)	1.30	61.3 %	(8.66)	(27.6 %)
Q3 2019	6.18	64.5 %	1.72	106.1 %	(8.70)	(15.9 %)
Q4 2019	9.37	68.3 %	2.57	30.0 %	(6.08)	50.8 %
2019	25.33	18.3 %	6.91	12.2 %	(32.21)	2.0 %
Q1 2020	10.24	92.9 %	3.42	336.4 %	(9.74)	(10.9 %)
Q2 2020	10.22	128.4 %	4.26	228.7 %	(7.50)	13.4 %
Q3 2020	9.64	55.9 %	5.04	192.3 %	(6.39)	26.5 %
Q4 2020	10.85	15.9 %	(10.36)	(503.8 %)	(13.09)	(115.3 %)
2020	40.95	61.7 %	2.35	(65.9 %)	(36.72)	(14.0 %)
Q1 2021	12.01	17.3 %	0.41	(88.1 %)	(10.01)	(2.8 %)
Q2 2021	9.80	(4.1 %)	1.96	(54.0 %)	(9.01)	(20.2 %)
Q3 2021	11.97	24.2 %	(5.28)	(204.9 %)	(18.48)	(189.2 %)
Q4 2021	13.80	27.2 %	7.69	174.2 %	(8.21)	37.3 %
2021	47.59	16.2 %	4.77	102.5 %	(45.70)	(24.5 %)
Q1 2022	16.98	41.3 %	(5.26)	(1397.5 %)	(16.28)	(62.7 %)
Q2 2022	12.28	25.3 %	2.80	43.1 %	(7.67)	14.9 %
Q3 2022	9.81	(18.1 %)	(16.00)	(202.8 %)	(26.79)	(44.9 %)
Q4 2022	9.75	(29.4 %)	(2.30)	(129.9 %)	(12.76)	(55.6 %)
2022	48.82	2.6 %	(21.26)	(546.1 %)	(64.02)	(40.1 %)
Q1 2023	11.60	(31.7 %)	0.30	105.7 %	(10.89)	33.1 %
Q2 2023	15.96	30.0 %	(1.53)	(154.6 %)	(12.65)	(65.0 %)
Q3 2023	15.11	54.1 %	(16.87)	(5.4 %)	(34.83)	(30.0 %)
Q4 2023	9.54	(2.2 %)	(25.86)	(1,025.9 %)	(68.67)	(438.0 %)
2023	52.21	6.9 %	(43.96)	(106.7 %)	(127.04)	(98.5 %)
Q1 2024	9.13	(21.3 %)	(2.79)	(1029.7 %)	(8.98)	17.5 %
Q2 2024	6.58	(58.8 %)	(5.15)	(236.3 %)	(11.25)	11.1 %
Q3 2024	1.85	(87.8 %)	(2.68)	84.1 %	(24.24)	30.4 %
Q4 2024	1.49	(84.4 %)	(0.33)	98.7 %	(1.56)	97.7 %
2024	19.04	(63.5 %)	(5.95)	86.5 %	(52.13)	59.0 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2015	83.37	4.3 %	(7.51)	(167.7 %)	(43.50)	(3.7 %)
2016	60.26	(27.7 %)	(2.13)	71.7 %	(39.07)	10.2 %
2017	35.54	(41.0 %)	(2.38)	(11.8 %)	(33.40)	14.5 %
2018	21.42	(39.7 %)	6.16	359.0 %	(32.87)	1.6 %
2019	25.33	18.3 %	6.91	12.2 %	(32.21)	2.0 %
2020	40.95	61.7 %	2.35	(65.9 %)	(36.72)	(14.0 %)
2021	47.59	16.2 %	4.77	102.5 %	(45.70)	(24.5 %)
2022	48.82	2.6 %	(21.26)	(546.1 %)	(64.02)	(40.1 %)
2023	52.21	6.9 %	(43.96)	(106.7 %)	(127.04)	(98.5 %)
2024	19.04	(63.5 %)	(5.95)	86.5 %	(52.13)	59.0 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS(Riyal)
Q1 2015	(10.99)	(6.5 %)	(3.05)	-	(10.99)	(3.05)
Q2 2015	(9.82)	28.7 %	(2.72)	-	(9.82)	(2.72)
Q3 2015	(16.88)	(58.9 %)	(4.68)	-	(16.88)	(4.68)
Q4 2015	(13.56)	(15.7 %)	(3.76)	-	(13.56)	(3.76)
2015	(51.24)	(10.4 %)	(14.21)	-	(51.24)	(14.21)
Q1 2016	(10.22)	7.0 %	(2.83)	-	(10.22)	(2.83)
Q2 2016	(9.66)	1.6 %	(2.68)	-	(9.66)	(2.68)
Q3 2016	(9.89)	41.4 %	(2.74)	-	(9.89)	(2.74)
Q4 2016	(12.32)	9.2 %	(3.41)	-	(12.32)	(3.41)
2016	(44.01)	14.1 %	(12.20)	-	(44.01)	(12.20)
Q1 2017	(9.23)	9.7 %	(2.56)	-	(9.23)	(2.56)
Q2 2017	(9.28)	3.9 %	(2.57)	-	(9.28)	(2.57)
Q3 2017	(7.99)	19.2 %	(2.21)	-	(7.99)	(2.21)
Q4 2017	(14.35)	(16.5 %)	(3.98)	(4.91)	(9.45)	(2.62)
2017	(40.85)	7.2 %	(11.32)	(4.91)	(35.94)	(9.96)
Q1 2018	(5.99)	35.1 %	(1.66)	-	(5.99)	(1.66)
Q2 2018	(6.77)	27.1 %	(1.88)	-	(6.77)	(1.88)
Q3 2018	(8.73)	(9.2 %)	(2.42)	-	(8.73)	(2.42)
Q4 2018	(15.76)	(9.8 %)	(4.37)	-	(15.76)	(4.37)
2018	(37.25)	8.8 %	(10.33)	-	(37.25)	(10.33)
Q1 2019	(9.25)	(54.3 %)	(2.56)	-	(9.25)	(2.56)
Q2 2019	(10.19)	(50.6 %)	(2.83)	-	(10.19)	(2.83)
Q3 2019	(10.13)	(16.1 %)	(2.81)	-	(10.13)	(2.81)
Q4 2019	(3.46)	78.1 %	(0.96)	-	(3.46)	(0.96)
2019	(33.03)	11.3 %	(9.16)	-	(33.03)	(9.16)
Q1 2020	(11.02)	(19.1 %)	(3.05)	-	(11.02)	(3.05)
Q2 2020	(8.93)	12.4 %	(1.33)	-	(8.93)	(1.33)
Q3 2020	(6.17)	39.1 %	(0.92)	-	(6.17)	(0.92)
Q4 2020	(14.54)	(320.4 %)	(2.17)	0.50	(15.04)	(2.25)
2020	(40.65)	(23.1 %)	(6.07)	0.50	(41.15)	(6.14)
Q1 2021	(9.75)	11.5 %	(1.46)	-	(9.75)	(1.46)
Q2 2021	(9.63)	(7.9 %)	(1.44)	-	(9.63)	(1.44)
Q3 2021	(18.46)	(199.4 %)	(2.76)	-	(18.46)	(2.76)
Q4 2021	3.66	125.2 %	0.55	-	3.66	0.55
2021	(34.18)	15.9 %	(5.10)	-	(34.18)	(5.10)
Q1 2022	(15.51)	(59.1 %)	(2.32)	-	(15.51)	(2.32)
Q2 2022	(6.98)	27.5 %	(1.04)	-	(6.98)	(1.04)
Q3 2022	(26.38)	(42.9 %)	(3.94)	-	(26.38)	(3.94)
Q4 2022	(29.64)	(909.2 %)	(4.42)	(4.84)	(25.13)	(3.75)
2022	(63.39)	(85.4 %)	(9.46)	(4.84)	(58.55)	(8.74)
Q1 2023	0.02	100.1 %	0.00	8.97	(8.95)	(1.34)
Q2 2023	(12.74)	(82.5 %)	(1.90)	(6.00)	(6.74)	(1.01)
Q3 2023	(34.38)	(30.3 %)	(5.13)	-	(34.38)	(5.13)
Q4 2023	(72.85)	(145.8 %)	(10.88)	(2.65)	(70.21)	(10.48)
2023	(119.96)	(89.2 %)	(17.91)	0.33	(120.28)	(17.96)
Q1 2024	(8.96)	(44885.5 %)	(1.34)	-	(8.96)	(1.34)
Q2 2024	(10.81)	15.1 %	(1.61)	-	(10.81)	(1.61)
Q3 2024	(28.70)	16.5 %	(4.28)	-	(28.70)	(4.28)
Q4 2024	7.47	110.3 %	1.12	11.87	(4.39)	(0.66)
2024	(41.00)	65.8 %	(6.12)	11.87	(52.86)	(7.89)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS(Riyal)
2015	(51.24)	(10.4 %)	(14.21)	-	(51.24)	(14.21)
2016	(44.01)	14.1 %	(12.20)	-	(44.01)	(12.20)
2017	(40.85)	7.2 %	(11.32)	(4.91)	(35.94)	(9.96)
2018	(37.25)	8.8 %	(10.33)	-	(37.25)	(10.33)
2019	(33.03)	11.3 %	(9.16)	-	(33.03)	(9.16)
2020	(40.65)	(23.1 %)	(6.07)	0.50	(41.15)	(6.14)
2021	(34.18)	15.9 %	(5.10)	-	(34.18)	(5.10)
2022	(63.39)	(85.4 %)	(9.46)	(4.84)	(58.55)	(8.74)
2023	(119.96)	(89.2 %)	(17.91)	0.33	(120.28)	(17.96)
2024	(41.00)	65.8 %	(6.12)	11.87	(52.86)	(7.89)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	(3.04 %)	(40.58 %)	(57.73 %)
Q2 2015	2.86 %	(33.65 %)	(51.27 %)
Q3 2015	(5.92 %)	(40.68 %)	(57.76 %)
Q4 2015	(9.01 %)	(41.39 %)	(61.46 %)
2015	(9.01 %)	(41.39 %)	(61.46 %)
Q1 2016	(9.55 %)	(43.18 %)	(64.36 %)
Q2 2016	(10.21 %)	(45.79 %)	(67.71 %)
Q3 2016	(1.78 %)	(41.15 %)	(63.40 %)
Q4 2016	(2.23 %)	(45.46 %)	(69.84 %)
2016	(3.53 %)	(48.64 %)	(73.03 %)
Q1 2017	(3.17 %)	(51.49 %)	(79.40 %)
Q2 2017	(7.20 %)	(62.73 %)	(95.56 %)
Q3 2017	(9.56 %)	(68.06 %)	(103.33 %)
Q4 2017	(6.69 %)	(69.12 %)	(101.11 %)
2017	(6.69 %)	(69.20 %)	(101.11 %)
Q1 2018	(8.10 %)	(73.17 %)	(102.36 %)
Q2 2018	(3.60 %)	(77.72 %)	(104.34 %)
Q3 2018	1.88 %	(85.41 %)	(123.67 %)
Q4 2018	16.06 %	(112.94 %)	(173.91 %)
2018	28.76 %	(113.19 %)	(173.91 %)
Q1 2019	22.70 %	(134.87 %)	(209.26 %)
Q2 2019	25.58 %	(141.58 %)	(229.92 %)
Q3 2019	26.82 %	(135.01 %)	(210.56 %)
Q4 2019	25.13 %	(87.15 %)	(130.39 %)
2019	27.28 %	(87.15 %)	(130.40 %)
Q1 2020	29.74 %	(74.75 %)	(114.99 %)
Q2 2020	33.22 %	(58.39 %)	(93.13 %)
Q3 2020	38.71 %	(47.74 %)	(74.93 %)
Q4 2020	5.75 %	(63.17 %)	(100.50 %)
2020	5.75 %	(63.17 %)	(100.50 %)
Q1 2021	(1.54 %)	(60.54 %)	(93.37 %)
Q2 2021	(6.99 %)	(64.00 %)	(95.97 %)
Q3 2021	(29.75 %)	(83.84 %)	(118.50 %)
Q4 2021	10.02 %	(73.56 %)	(71.84 %)
2021	10.02 %	(73.56 %)	(71.84 %)
Q1 2022	(1.70 %)	(79.88 %)	(76.01 %)
Q2 2022	(0.09 %)	(74.60 %)	(67.77 %)
Q3 2022	(20.36 %)	(94.76 %)	(85.51 %)
Q4 2022	(42.50 %)	(106.44 %)	(151.59 %)
2022	(43.56 %)	(107.49 %)	(119.93 %)
Q1 2023	(34.98 %)	(106.47 %)	(155.28 %)
Q2 2023	(41.45 %)	(108.73 %)	(142.63 %)
Q3 2023	(38.91 %)	(113.80 %)	(143.47 %)
Q4 2023	(84.21 %)	(221.22 %)	(230.40 %)
2023	(84.21 %)	(220.79 %)	(230.40 %)
Q1 2024	(94.60 %)	(228.54 %)	(241.84 %)
Q2 2024	(125.56 %)	(278.44 %)	(308.16 %)
Q3 2024	(134.63 %)	(375.27 %)	(437.98 %)
Q4 2024	(57.48 %)	(184.08 %)	(277.60 %)
2024	(31.23 %)	(216.10 %)	(277.60 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2015	(9.01 %)	(41.39 %)	(61.46 %)
2016	(3.53 %)	(48.64 %)	(73.03 %)
2017	(6.69 %)	(69.20 %)	(101.11 %)
2018	28.76 %	(113.19 %)	(173.91 %)
2019	27.28 %	(87.15 %)	(130.40 %)
2020	5.75 %	(63.17 %)	(100.50 %)
2021	10.02 %	(73.56 %)	(71.84 %)
2022	(43.56 %)	(107.49 %)	(119.93 %)
2023	(84.21 %)	(220.79 %)	(230.40 %)
2024	(31.23 %)	(216.10 %)	(277.60 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	1.30 %	(28.01 %)	(44.99 %)
Q2 2015	3.71 %	(27.57 %)	(46.75 %)
Q3 2015	(34.92 %)	(67.88 %)	(90.31 %)
Q4 2015	(10.82 %)	(47.71 %)	(70.41 %)
Q1 2016	1.73 %	(31.83 %)	(52.49 %)
Q2 2016	4.04 %	(35.27 %)	(57.20 %)
Q3 2016	(1.18 %)	(53.26 %)	(77.71 %)
Q4 2016	(19.79 %)	(75.71 %)	(110.25 %)
Q1 2017	0.36 %	(49.75 %)	(84.13 %)
Q2 2017	(9.63 %)	(77.97 %)	(119.92 %)
Q3 2017	(8.80 %)	(73.12 %)	(103.95 %)
Q4 2017	(10.89 %)	(81.48 %)	(103.17 %)
Q1 2018	(2.32 %)	(57.88 %)	(81.27 %)
Q2 2018	17.00 %	(108.91 %)	(143.26 %)
Q3 2018	22.24 %	(119.46 %)	(232.17 %)
Q4 2018	35.45 %	(184.92 %)	(283.29 %)
Q1 2019	14.75 %	(116.43 %)	(174.16 %)
Q2 2019	28.95 %	(136.09 %)	(227.82 %)
Q3 2019	27.87 %	(105.25 %)	(163.86 %)
Q4 2019	27.39 %	(35.21 %)	(36.94 %)
Q1 2020	33.36 %	(65.71 %)	(107.56 %)
Q2 2020	41.67 %	(43.96 %)	(87.36 %)
Q3 2020	52.26 %	(44.84 %)	(63.99 %)
Q4 2020	(95.44 %)	(95.14 %)	(138.63 %)
Q1 2021	3.37 %	(56.00 %)	(81.15 %)
Q2 2021	19.99 %	(58.15 %)	(98.33 %)
Q3 2021	(44.14 %)	(122.54 %)	(154.24 %)
Q4 2021	55.68 %	(57.30 %)	26.54 %
Q1 2022	(30.95 %)	(80.68 %)	(91.34 %)
Q2 2022	22.83 %	(38.87 %)	(56.88 %)
Q3 2022	(163.15 %)	(241.84 %)	(268.98 %)
Q4 2022	(23.56 %)	(100.19 %)	(257.71 %)
Q1 2023	2.59 %	(68.86 %)	(77.18 %)
Q2 2023	(9.59 %)	(61.13 %)	(42.25 %)
Q3 2023	(111.65 %)	(212.71 %)	(227.55 %)
Q4 2023	(271.12 %)	(687.84 %)	(736.00 %)
Q1 2024	(30.55 %)	(67.55 %)	(98.11 %)
Q2 2024	(78.27 %)	(128.44 %)	(164.42 %)
Q3 2024	(144.86 %)	(1159.73 %)	(1551.26 %)
Q4 2024	(22.14 %)	68.39 %	(295.66 %)

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	3.61	(13.06)	(13.06)	67.69
Q2 2015	3.61	(11.96)	(11.96)	64.97
Q3 2015	3.61	(13.70)	(13.70)	60.29
Q4 2015	3.61	(14.21)	(14.21)	56.54
Q1 2016	3.61	(13.99)	(13.99)	53.70
Q2 2016	3.61	(13.95)	(13.95)	51.02
Q3 2016	3.61	(12.01)	(12.01)	48.28
Q4 2016	3.61	(11.67)	(11.67)	44.34
Q1 2017	3.61	(11.39)	(11.39)	41.78
Q2 2017	3.61	(11.29)	(11.29)	39.21
Q3 2017	3.61	(10.76)	(10.76)	36.99
Q4 2017	3.61	(11.32)	(9.96)	33.96
Q1 2018	3.61	(10.43)	(9.07)	32.30
Q2 2018	3.61	(9.73)	(8.37)	30.42
Q3 2018	3.61	(9.93)	(8.57)	28.00
Q4 2018	3.61	(10.33)	(10.33)	23.77
Q1 2019	3.61	(11.23)	(11.23)	21.01
Q2 2019	3.61	(12.18)	(12.18)	18.18
Q3 2019	3.61	(12.57)	(12.57)	15.37
Q4 2019	3.61	(9.16)	(9.16)	14.28
Q1 2020	3.61	(9.65)	(9.65)	11.22
Q2 2020	6.70	(5.01)	(5.01)	48.71
Q3 2020	6.70	(4.41)	(4.41)	47.79
Q4 2020	6.70	(6.07)	(6.14)	45.59
Q1 2021	6.70	(5.88)	(5.95)	44.08
Q2 2021	6.70	(5.99)	(6.06)	42.64
Q3 2021	6.70	(7.82)	(7.90)	39.88
Q4 2021	6.70	(5.10)	(5.10)	40.50
Q1 2022	6.70	(5.96)	(5.96)	38.18
Q2 2022	6.70	(5.57)	(5.57)	42.39
Q3 2022	6.70	(6.75)	(6.75)	38.45
Q4 2022	6.70	(11.72)	(11.05)	35.20
Q1 2023	6.70	(9.40)	(10.07)	35.20
Q2 2023	6.70	(10.26)	(10.03)	33.30
Q3 2023	6.70	(11.46)	(11.23)	28.19
Q4 2023	6.70	(17.91)	(17.96)	17.36
Q1 2024	6.70	(19.25)	(17.96)	16.02
Q2 2024	6.70	(18.96)	(18.57)	14.41
Q3 2024	6.70	(18.11)	(17.72)	10.12
Q4 2024	6.70	(6.12)	(7.89)	11.28

Period	Shares Outstanding (M)	EPS (Riyal)	Earnings Per Share before unusual items (Riyal)	Book Value (BV)
2015	3.61	(14.21)	(14.21)	56.54
2016	3.61	(12.20)	(12.20)	44.34
2017	3.61	(11.32)	(9.96)	33.96
2018	3.61	(10.33)	(10.33)	23.77
2019	3.61	(9.16)	(9.16)	14.28
2020	6.70	(6.07)	(6.14)	45.59
2021	6.70	(5.10)	(5.10)	40.50
2022	6.70	(9.46)	(8.74)	35.20
2023	6.70	(17.91)	(17.96)	17.36
2024	6.70	(6.12)	(7.89)	11.28

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Recurring P/E	Price/book
Q1 2015	NEG	NEG	10.90
Q2 2015	NEG	NEG	9.14
Q3 2015	NEG	NEG	7.77
Q4 2015	NEG	NEG	7.90
Q1 2016	NEG	NEG	6.55
Q2 2016	NEG	NEG	7.07
Q3 2016	NEG	NEG	5.60
Q4 2016	NEG	NEG	8.68
Q1 2017	NEG	NEG	7.39
Q2 2017	NEG	NEG	6.71
Q3 2017	NEG	NEG	8.68
Q4 2017	NEG	NEG	9.11
Q1 2018	NEG	NEG	9.43
Q2 2018	NEG	NEG	8.91
Q3 2018	NEG	NEG	6.34
Q4 2018	NEG	NEG	17.16
Q1 2019	NEG	NEG	15.94
Q2 2019	NEG	NEG	15.61
Q3 2019	NEG	NEG	15.35
Q4 2019	NEG	NEG	18.15
Q1 2020	NEG	NEG	16.34
Q2 2020	NEG	NEG	2.66
Q3 2020	NEG	NEG	6.71
Q4 2020	NEG	NEG	7.19
Q1 2021	NEG	NEG	7.33
Q2 2021	NEG	NEG	8.59
Q3 2021	NEG	NEG	8.45
Q4 2021	NEG	NEG	6.71
Q1 2022	NEG	NEG	6.94
Q2 2022	NEG	NEG	4.78
Q3 2022	NEG	NEG	5.13
Q4 2022	NEG	NEG	4.56
Q1 2023	NEG	NEG	4.60
Q2 2023	NEG	NEG	5.50
Q3 2023	NEG	NEG	5.48
Q4 2023	NEG	NEG	8.40
Q1 2024	NEG	NEG	9.51
Q2 2024	NEG	NEG	9.26
Q3 2024	NEG	NEG	17.20
Q4 2024	NEG	NEG	11.62

Period	P/E	Recurring P/E	Price/book
2015	NEG	NEG	7.90
2016	NEG	NEG	8.68
2017	NEG	NEG	9.11
2018	NEG	NEG	17.16
2019	NEG	NEG	18.15
2020	NEG	NEG	7.19
2021	NEG	NEG	6.71
2022	NEG	NEG	4.56
2023	NEG	NEG	8.40
2024	NEG	NEG	11.62

Business Segments (Million)

Compared With The

Period	Farm	Retail Sales	Wholesale	Other Sales	Fishes	Shrimp	Shrimp Farm	Others
Q1 2015	-	-	-	-	16.78	1.84	4.21	1.60
Q2 2015	-	-	-	-	14.94	4.60	-	1.46
Q3 2015	-	-	-	-	13.99	3.31	-	1.38
Q4 2015	-	-	-	-	13.31	4.33	-	1.62
Q1 2016	-	-	-	-	12.28	2.41	3.27	1.53
Q2 2016	-	-	-	-	10.14	8.76	(3.27)	1.25
Q3 2016	-	-	-	-	8.37	2.99	-	1.36
Q4 2016	-	-	-	-	8.12	2.02	-	1.03
Q1 2017	-	-	-	-	7.89	2.15	-	0.92
Q2 2017	-	-	-	-	5.63	1.30	-	0.81
Q3 2017	-	-	-	-	5.55	1.41	-	0.73
Q4 2017	-	-	-	-	6.79	1.34	-	1.03
Q1 2018	-	-	-	-	5.64	0.96	-	0.77
Q2 2018	-	-	-	-	3.56	0.64	-	0.53
Q3 2018	-	-	-	-	2.90	0.47	-	0.39
Q4 2018	-	-	-	-	4.20	0.70	-	0.67
Q1 2019	-	-	-	-	4.13	0.63	-	0.55
Q2 2019	-	-	-	-	3.67	0.66	-	0.14
Q3 2019	-	-	-	-	4.32	1.06	-	0.81
Q4 2019	-	-	-	-	5.72	1.94	-	1.70
Q1 2020	-	-	-	-	3.54	0.74	-	5.96
Q2 2020	-	-	-	-	4.05	0.87	-	5.29
Q3 2020	-	-	-	-	4.02	0.84	-	4.78
Q1 2021	-	8.97	1.54	1.51	-	-	-	-
Q2 2021	-	7.03	2.73	0.04	-	-	-	-
Q3 2021	-	7.38	3.73	0.87	-	-	-	-
Q1 2022	-	7.85	9.13	-	-	-	-	-
Q2 2022	-	5.16	7.11	-	-	-	-	-
Q4 2022	3.45	5.04	1.26	-	-	-	-	-
Q1 2023	3.47	3.96	4.17	-	-	-	-	-
Q2 2023	3.61	3.28	9.07	-	-	-	-	-
Q3 2023	7.23	2.83	5.05	-	-	-	-	-
Q4 2023	2.54	2.05	4.95	-	-	-	-	-
Q1 2024	1.03	1.63	6.47	-	-	-	-	-
Q2 2024	3.08	1.28	2.21	-	-	-	-	-
Q3 2024	0.45	1.40	-	-	-	-	-	-
Q4 2024	-	1.49	-	-	-	-	-	-

Period	Farm	Retail Sales	Wholesale	Other Sales	Fishes	Shrimp	Shrimp Farm	Others
2015	-	-	-	-	59.03	18.29	-	6.06
2016	-	-	-	-	38.91	16.18	-	5.17
2017	-	-	-	-	25.86	6.20	-	3.48
2018	-	-	-	-	16.30	2.77	-	2.35
2019	-	-	-	-	17.84	4.29	-	3.20
2020	-	-	-	-	15.64	3.24	-	22.07
2021	-	32.78	14.80	-	-	-	-	-
2022	21.70	23.29	3.83	-	-	-	-	-
2023	9.77	12.12	30.31	-	-	-	-	-
2024	4.56	5.80	8.68	-	-	-	-	-

Financial Ratios

	Current
Market Cap (M Riyal)	429.81
Enterprise Value (EV) (M Riyal)	418.08
Shares Outstanding ((M))	6.70
EPS ( Riyal) (TTM)	(1.64)
Book Value (BV) ( Riyal)	8.52
Par Value ( Riyal)	10.00
Recurring P/E	Neg
P/E (TTM)	NEG
Price/book	7.53
Return on Average Assets (%) (TTM)	(6.10 )
Return on Average Equity (%) (TTM)	(17.63 )
EV/adj EBITDA	(28.76)
EV/Revenues	88.93

Saudi Fisheries Co. (SFICO)

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Saudi Fisheries trims loss to SAR 41M in 2024; Q4 profit at SAR 7.5M

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Saudi Fisheries trims loss to SAR 41M in 2024; Q4 profit at SAR 7.5M

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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) Q4 2024

Revenue by Business Segment (Latest) 2024 Q4

Financial Ratios

Share Price

Saudi Fisheries Co. (SFICO)

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