Al Hammadi profit rises 12% to SAR 338.8M in 2024; Q4 at SAR 77.8M

02/03/2025 Argaam Exclusive

Al Hammadi Holding Co.’s net profit jumped 12% to SAR 338.8 million in 2024, compared to SAR 303.3 million in the year before.



Financials (M)

Item 2023 2024 Change‬
Revenues 1,176.76 1,153.88 (1.9 %)
Gross Income 433.14 382.45 (11.7 %)
Operating Income 342.57 365.63 6.7 %
Net Income 303.33 338.80 11.7 %
Average Shares 160.00 160.00 -
Earnings Per Share before unusual items (Riyals) 1.86 1.77 (4.5 %)
EPS (Riyals) 1.90 2.12 11.7 %

The profit growth was due to realizing non-recurring gains of SAR 55.27 million from the sale of a vacant land plot in Al Rayan district of Riyadh during Q2 2024.

 

Selling and marketing expenses decreased from SAR 9.26 million in 2023 to SAR 4.19 million in 2024 on lower sales from the subsidiary company.

 

Financing income amounted to SAR 6.14 million during 2024, reflecting an increase in the company's cash balance during the year and improved collection efficiency.

 

The share of profits from the associate company increased to SAR 6.72 million, compared to SAR 4.18 million in the previous year.

 

The Zakat expense for 2024 decreased to SAR 15.88 million from SAR 17.62 million in 2023. This is due to a decrease in the estimated Zakat base for the current year.



Current Quarter Comparison (M)

Compared With The
Item Q4 2023 Q4 2024 Change‬
Revenues 303.68 322.79 6.3 %
Gross Income 106.44 109.60 3.0 %
Operating Income 71.04 78.64 10.7 %
Net Income 65.19 77.76 19.3 %
Average Shares 160.00 160.00 -
Earnings Per Share before unusual items (Riyals) 0.37 0.49 32.4 %
EPS (Riyals) 0.41 0.49 19.3 %

In Q4 2024, the company’s bottom line grew by 19% to SAR 77.8 million, compared to SAR 65.2 million in the year-ago period.

 

On a quarterly basis, net income fell 1.7% from SAR 79.13 million in the third quarter of 2024.

 

Total shareholders’ equity, no minority interest, grew to SAR 1.96 billion by the end of Dec. 31, 2024, from SAR 1.84 billion in the year-earlier period.

View More Financial Results

 

View other reports

Share Price

Al Hammadi Holding
40.25
(0.20) (0.49 %)

Al Hammadi Holding (ALHAMMADI)

More


Financial Ratios
Current
Market Cap (M Riyal) 6,440.00
Enterprise Value (EV) (M) 6,201.92
Shares Outstanding ((M)) 160.00
EPS ( Riyal) (TTM) 2.12
Book Value (BV) ( Riyal) 12.26
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 22.71
P/E (TTM) 19.01
Price/book 3.28
Return on Average Assets (%) (TTM) 13.0
Return on Average Equity (%) (TTM) 14.9
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