Financial Results : Abo Moati’s 9M 2024/25 net profit down 10% to SAR 21.9M; Q3 at SAR 9.3M

Abo Moati’s 9M 2024/25 net profit down 10% to SAR 21.9M; Q3 at SAR 9.3M

09/02/2025 Argaam Exclusive

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Abdullah Saad Mohammed Abo Moati for Bookstores Co. reported a net profit of SAR 21.9 million for the nine months ended Dec. 31, 2024, a decline of 10% from SAR 24.3 million in a year earlier period.



Financials (M)

Item 9m 2023 9m 2024 Change‬
Revenues 214.00 214.48 0.2 %
Gross Income 62.19 64.30 3.4 %
Operating Income 27.68 26.73 (3.4 %)
Net Income 24.29 21.94 (9.7 %)
Average Shares 20.00 20.00 -
Earnings Per Share before unusual items (Riyals) 1.21 1.10 (9.7 %)
EPS (Riyals) 1.21 1.10 (9.7 %)

The company cited higher general and administrative expenses and increased financing costs as key reasons for lower earning year-on-year (YoY).

 

Meanwhile, sales increased 0.22% YoY.



Current Quarter Comparison (M)

Compared With The
Item Q3 2023 Q3 2024 Change‬
Revenues 75.06 78.33 4.4 %
Gross Income 22.22 23.70 6.7 %
Operating Income 10.22 10.91 6.8 %
Net Income 8.55 9.33 9.2 %
Average Shares 20.00 20.00 -
Earnings Per Share before unusual items (Riyals) 0.43 0.47 9.2 %
EPS (Riyals) 0.43 0.47 9.2 %

Q3 2024/25 net earnings reached SAR 9.3 million, rising 9% from SAR 8.55 million a year earlier, on a 4.36% increase in sales.

 

On a quarterly basis, the third-quarter net profit fell 12.4% from SAR 10.65 million in Q2 2024/25.

 

Total shareholders’ equity, no minority interest, stood at SAR 240.19 million by Dec. 31, 2024, compared to SAR 236.8 million a year earlier.

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