Financial Results : Clean Life posts 25% rise in 2024 profit to SAR 11.5M; H2 at SAR 4.6M

Clean Life posts 25% rise in 2024 profit to SAR 11.5M; H2 at SAR 4.6M

02/02/2025 Argaam Exclusive

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Clean Life Co. reported a net profit of SAR 11.5 million in 2024, leaping 25% from SAR 9.2 million a year earlier.



Financials (M)

Item 2023 2024 Change‬
Revenues 49.31 61.07 23.9 %
Gross Income 30.34 38.58 27.2 %
Operating Income 9.07 10.89 20.1 %
Net Income 9.20 11.47 24.6 %
Average Shares 1.50 1.50 -
Earnings Per Share before unusual items 6.14 7.65 24.6 %
EPS (Riyals) 6.14 7.65 24.6 %

Revenues rose to SAR 61.07 million in 2024, compared to SAR 49.30 million in 2023.

 

Further, the company maintained its net profit margin, thanks to better sales capacity by increasing the number of service delivery units and improving the per-unit operational efficiency.

 

Clean Life’s operational efficiency improved through the automation of booking and operational follow-up procedures, which has consequently boosted the sales capacity of the operational teams.

 

The company’s H2 2024 net earnings increased 19% to SAR 4.6 million, compared with SAR 3.88 million in H2 2023.



Current Half Annual Comparison (M)

Compared With The
Item H2 2023 H2 2024 Change‬
Revenues 25.99 30.96 19.1 %
Gross Income 13.54 16.69 23.3 %
Operating Income 3.72 4.42 19.0 %
Net Income 3.88 4.62 19.1 %
Average Shares 1.50 1.50 -
Earnings Per Share before unusual items 2.59 3.08 19.1 %
EPS (Riyals) 2.59 3.08 19.1 %

Total shareholders’ equity, no minority interest, jumped to SAR 24.39 million as of Dec. 31, 2024, from SAR 20.55 million a year earlier.

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