Astra profit rises 24% to SAR 589.3M in 2024; Q4 at SAR 131.4M

20/02/2025 Argaam Exclusive

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Astra Industrial Group reported a net profit of SAR 589.3 million for 2024, an increase of 24% from SAR 475.3 million in the year-earlier period, thanks to increased sales across pharmaceuticals and steel industries segments.

Financials (M)

Item	2023	2024	Change‬
Revenues	2,819.59	3,062.26	8.6 %
Gross Income	1,182.31	1,342.29	13.5 %
Operating Income	533.28	658.48	23.5 %
Net Income	475.33	589.34	24.0 %
Average Shares	80.00	80.00	-
Earnings Per Share before unusual items (Riyals)	5.94	6.76	13.7 %
EPS (Riyals)	5.94	7.37	24.0 %

In addition, earnings growth was supported by higher gross profit in all sectors, gains from discontinued operations and higher income in other sectors.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2023	Q4 2024	Change‬
Revenues	776.72	721.60	(7.1 %)
Gross Income	333.70	330.34	(1.0 %)
Operating Income	153.44	161.83	5.5 %
Net Income	134.28	131.44	(2.1 %)
Average Shares	80.00	80.00	-
Earnings Per Share before unusual items (Riyals)	1.68	1.64	(2.1 %)
EPS (Riyals)	1.68	1.64	(2.1 %)

Item	Q3 2024	Q4 2024	Change‬
Revenues	688.53	721.60	4.8 %
Gross Income	324.02	330.34	2.0 %
Operating Income	164.38	161.83	(1.5 %)
Net Income	139.41	131.44	(5.7 %)
Average Shares	80.00	80.00	-
Earnings Per Share before unusual items (Riyals)	1.74	1.64	(5.7 %)
EPS (Riyals)	1.74	1.64	(5.7 %)

Net profit for Q4 2024 fell 2% to SAR 131.4 million from SAR 134.2 million a year ago.

On a sequential basis, net earnings dropped 5.7% from SAR 139.4 million in Q3 2024.

Total shareholders’ equity, after minority interest, stood at SAR 2.5 billion by Dec. 31, 2024, compared to SAR 2.1 billion a year earlier.

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Quarterly Actuals vs Estimates 19/02/202520/02/2025

All
Above Expectations
Below Expectations

Company	Estimated	Actual	Change
ETIHAD ETISALAT	696.16	979.56	40.7 %
YC	106.82	123.12	15.3 %
ASTRA INDUSTRIAL	155.24	131.44	(15.3 %)
SSP	63.50	23.02	(63.8 %)
SAUDI KAYAN	(325.32)	(760.51)	(133.8 %)

Company	Estimated	Actual	Change
ETIHAD ETISALAT	696.16	979.56	40.7 %
YC	106.82	123.12	15.3 %

Company	Estimated	Actual	Change
SAUDI KAYAN	(325.32)	(760.51)	(133.8 %)
SSP	63.50	23.02	(63.8 %)
ASTRA INDUSTRIAL	155.24	131.44	(15.3 %)

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