Farm Superstores profit rises 17% to SAR 25.4M in 2024; Q4 at SAR 5M

27/03/2025 Argaam Exclusive

Content Summary:

Loading data...

Comments Analysis:

Positive: 0%
Neutral: 0%
Negative: 0%
Comments Summary:Loading data...
Please note that this news summary has been generated using artificial intelligence. It is recommended to review the original sources for complete details and to verify the accuracy of the information.

Saudi Marketing Co. (Farm Superstores) reported a net profit of SAR 25.4 million in 2024, a 17% increase compared to SAR 21.8 million a year earlier.



Financials (M)

Item 2023 2024 Change‬
Revenues 1,813.41 1,835.21 1.2 %
Gross Income 547.28 583.64 6.6 %
Operating Income 77.53 102.19 31.8 %
Net Income 21.79 25.43 16.7 %
Average Shares 45.00 45.00 -
Earnings Per Share before unusual items (Riyals) 0.48 0.83 72.2 %
EPS (Riyals) 0.48 0.57 16.7 %

This was spurred by an increase of SAR 21.8 million in revenue on higher earnings from entertainment division and Farm Superstores branches for 2024. Additionally, gross profit increased by SAR 36.3 million, while operating expenses grew SAR 11.7 million for the same year.



Current Quarter Comparison (M)

Compared With The
Item Q4 2023 Q4 2024 Change‬
Revenues 454.99 469.13 3.1 %
Gross Income 137.51 152.00 10.5 %
Operating Income 20.98 29.90 42.5 %
Net Income 3.07 4.96 61.6 %
Average Shares 45.00 45.00 -
Earnings Per Share before unusual items (Riyals) 0.07 0.11 61.6 %
EPS (Riyals) 0.07 0.11 61.6 %

Q4 2024 net earnings jumped 62% to SAR 5 million, from SAR 3.07 million in Q4 2023.

 

Sequentially, the bottom line dropped 30% from SAR 7.09 million in Q3 2024.

 

Total shareholders’ equity, excluding minority interest, stood at SAR 684.95 million by Dec. 31, 2024, compared to SAR 660.58 million a year earlier.

View more financial results

 

View other reports

Share Price

Saudi Marketing Co.
20.74
(0.12) (0.58 %)

Saudi Marketing Co. (FARM SUPERSTORES)

More


Financial Ratios
Current
Market Cap (M Riyal) 933.30
Enterprise Value (EV) (M) 1,514.56
Shares Outstanding ((M)) 45.00
EPS ( Riyal) (TTM) 0.57
Book Value (BV) ( Riyal) 15.22
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 24.87
P/E (TTM) 36.70
Price/book 1.36
Return on Average Assets (%) (TTM) 1.1
Return on Average Equity (%) (TTM) 1.7
more

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request