Raoom 2024 earnings down 8% to SAR 42.9M; Q4 at SAR 3.6M

10/02/2025 Argaam Exclusive

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Raoom Trading Co. reported an 8% decline in 2024 net profit to SAR 42.9 million, compared to SAR 46.6 million a year earlier.

Financials (M)

Item	2023	2024	Change‬
Revenues	135.04	116.04	(14.1 %)
Gross Income	42.57	37.06	(12.9 %)
Operating Income	30.87	23.74	(23.1 %)
Net Income	46.58	42.86	(8.0 %)
Average Shares	6.25	6.25	-
Earnings Per Share before unusual items (Riyals)	4.69	3.36	(28.4 %)
EPS (Riyals)	7.45	6.86	(8.0 %)

The annual profit slump came as revenues dropped 14.07% year-on-year (YoY) on lower selling prices.

The company also cited higher general and administrative expenses resulting from additional costs related to its transition from the Nomu-Parallel Market to the Main Market.

Q4 2024 net earnings plunged by 65% to SAR 3.6 million, compared with SAR 10.14 million a year before.

Sequentially, the three-month bottom line also fell 67.5% from SAR 10.97 million in Q3 2024.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2023	Q4 2024	Change‬
Revenues	34.44	28.92	(16.0 %)
Gross Income	9.59	7.00	(27.0 %)
Operating Income	6.66	3.84	(42.3 %)
Net Income	10.14	3.57	(64.8 %)
Average Shares	6.25	6.25	-
Earnings Per Share before unusual items (Riyals)	1.23	0.57	(53.6 %)
EPS (Riyals)	1.62	0.57	(64.8 %)

Item	Q3 2024	Q4 2024	Change‬
Revenues	27.32	28.92	5.9 %
Gross Income	8.31	7.00	(15.7 %)
Operating Income	4.46	3.84	(13.8 %)
Net Income	10.97	3.57	(67.5 %)
Average Shares	6.25	6.25	-
Earnings Per Share before unusual items (Riyals)	0.62	0.57	(7.5 %)
EPS (Riyals)	1.76	0.57	(67.5 %)

Shareholders’ equity, no minority interest, stood at SAR 160.8 million as of Dec. 31, 2024, compared to SAR 136.4 million a year earlier.

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