Almarai profit up 10% to SAR 1.31B in H1 2024; Q2 at SAR 619.7M

07/07/2024 Argaam Exclusive

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Almarai Co. posted a net profit rise of 10% to SAR 1.31 billion in the first half of 2024, compared to SAR 1.19 billion in H1 2023.

Financials (M)

Item	6m 2023	6m 2024	Change‬
Revenues	9,858.91	10,613.26	7.7 %
Gross Income	3,184.93	3,410.80	7.1 %
Operating Income	1,573.15	1,702.16	8.2 %
Net Income	1,192.14	1,311.92	10.0 %
Average Shares	1,000.00	1,000.00	-
EPS (Riyals)	1.19	1.31	10.0 %

The strong performance during the six-month period was attributed to an 8% rise year-on-year (YoY) in revenues from the poultry and dairy segments, due to higher revenues from core GCC markets. This is in addition to disciplined cost control, favorable product mix, and stabilized commodity costs.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2023	Q2 2024	Change‬
Revenues	4,792.35	5,154.62	7.6 %
Gross Income	1,567.08	1,702.34	8.6 %
Operating Income	757.30	832.78	10.0 %
Net Income	557.08	619.69	11.2 %
Average Shares	1,000.00	1,000.00	-
EPS (Riyals)	0.56	0.62	11.2 %

Item	Q1 2024	Q2 2024	Change‬
Revenues	5,458.64	5,154.62	(5.6 %)
Gross Income	1,708.46	1,702.34	(0.4 %)
Operating Income	869.38	832.78	(4.2 %)
Net Income	692.23	619.69	(10.5 %)
Average Shares	1,000.00	1,000.00	-
EPS (Riyals)	0.69	0.62	(10.5 %)

In Q2 2024, net earnings rose by 11% to SAR 619.7 million, compared with SAR 557.08 million a year before, driven by an 8% rise YoY in revenues on higher sales and positive contributions from the poultry and dairy segments. This is in addition to disciplined cost control, favorable product mix, and stabilized commodity costs.

On a sequential basis, the three-month net earnings fell 10.5% from SAR 692.23 million in Q1 2024.

Shareholders' equity, after minority interest, reached SAR 1.79 billion at the end of the current period, compared with SAR 1.68 billion a year earlier.

Attached Document:

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2015	3,037.31	11.7 %	1,110.34	20.8 %	378.09	20.7 %
Q2 2015	3,649.52	11.0 %	1,388.04	20.8 %	638.75	23.8 %
Q3 2015	3,523.58	7.8 %	1,446.52	4.0 %	672.71	4.3 %
Q4 2015	3,584.20	7.6 %	1,338.37	18.0 %	572.51	9.3 %
2015	13,794.62	9.4 %	5,283.26	15.0 %	2,262.05	13.2 %
Q1 2016	3,373.79	11.1 %	1,127.55	1.5 %	383.35	1.4 %
Q2 2016	3,925.89	7.6 %	1,520.89	9.6 %	771.01	20.7 %
Q3 2016	3,530.34	0.2 %	1,485.41	2.7 %	745.39	10.8 %
Q4 2016	3,508.56	(2.1 %)	1,388.64	3.8 %	709.42	23.9 %
2016	14,338.58	3.9 %	5,522.49	4.5 %	2,609.18	15.3 %
Q1 2017	3,383.53	0.3 %	1,177.43	4.4 %	466.89	21.8 %
Q2 2017	3,760.36	(4.2 %)	1,554.93	2.2 %	833.09	8.1 %
Q3 2017	3,372.92	(4.5 %)	1,516.00	2.1 %	834.11	11.9 %
Q4 2017	3,418.73	(2.6 %)	1,335.27	(3.8 %)	709.16	0.0 %
2017	13,935.53	(2.8 %)	5,583.64	1.1 %	2,843.25	9.0 %
Q1 2018	3,232.21	(4.5 %)	1,254.43	6.5 %	563.11	20.6 %
Q2 2018	3,672.33	(2.3 %)	1,448.45	(6.8 %)	791.74	(5.0 %)
Q3 2018	3,317.36	(1.6 %)	1,399.20	(7.7 %)	780.43	(6.4 %)
Q4 2018	3,381.18	(1.1 %)	1,262.94	(5.4 %)	629.06	(11.3 %)
2018	13,557.84	(2.7 %)	5,327.07	(4.6 %)	2,771.63	(2.5 %)
Q1 2019	3,308.89	2.4 %	1,163.91	(7.2 %)	504.61	(10.4 %)
Q2 2019	3,767.42	2.6 %	1,466.22	1.2 %	780.48	(1.4 %)
Q3 2019	3,573.26	7.7 %	1,443.77	3.2 %	770.15	(1.3 %)
Q4 2019	3,703.94	9.5 %	1,293.51	2.4 %	533.32	(15.2 %)
2019	14,351.28	5.9 %	5,366.67	0.7 %	2,590.07	(6.6 %)
Q1 2020	3,592.44	8.6 %	1,253.19	7.7 %	513.26	1.7 %
Q2 2020	4,081.84	8.3 %	1,535.19	4.7 %	790.40	1.3 %
Q3 2020	3,863.08	8.1 %	1,514.70	4.9 %	789.70	2.5 %
Q4 2020	3,819.59	3.1 %	1,232.43	(4.7 %)	507.41	(4.9 %)
2020	15,356.95	7.0 %	5,535.51	3.1 %	2,600.76	0.4 %
Q1 2021	3,645.01	1.5 %	1,235.11	(1.4 %)	533.57	4.0 %
Q2 2021	4,005.57	(1.9 %)	1,355.74	(11.7 %)	621.55	(21.4 %)
Q3 2021	3,941.73	2.0 %	1,275.71	(15.8 %)	537.89	(31.9 %)
Q4 2021	4,257.41	11.5 %	1,192.71	(3.2 %)	407.41	(19.7 %)
2021	15,849.72	3.2 %	5,059.27	(8.6 %)	2,100.42	(19.2 %)
Q1 2022	4,503.46	23.6 %	1,331.92	7.8 %	569.54	6.7 %
Q2 2022	4,610.45	15.1 %	1,469.61	8.4 %	680.00	9.4 %
Q3 2022	4,769.12	21.0 %	1,488.72	16.7 %	678.98	26.2 %
Q4 2022	4,839.23	13.7 %	1,333.99	11.8 %	501.18	23.0 %
2022	18,722.26	18.1 %	5,624.22	11.2 %	2,429.69	15.7 %
Q1 2023	5,066.56	12.5 %	1,617.85	21.5 %	815.86	43.2 %
Q2 2023	4,792.35	3.9 %	1,567.08	6.6 %	757.30	11.4 %
Q3 2023	4,796.93	0.6 %	1,469.45	(1.3 %)	646.71	(4.8 %)
Q4 2023	4,919.74	1.7 %	1,396.91	4.7 %	538.48	7.4 %
2023	19,575.59	4.6 %	6,051.29	7.6 %	2,758.35	13.5 %
Q1 2024	5,458.64	7.7 %	1,708.46	5.6 %	869.38	6.6 %
Q2 2024	5,154.62	7.6 %	1,702.34	8.6 %	832.78	10.0 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2014	12,605.57	12.4 %	4,592.63	15.9 %	1,997.63	11.2 %
2015	13,794.62	9.4 %	5,283.26	15.0 %	2,262.05	13.2 %
2016	14,338.58	3.9 %	5,522.49	4.5 %	2,609.18	15.3 %
2017	13,935.53	(2.8 %)	5,583.64	1.1 %	2,843.25	9.0 %
2018	13,557.84	(2.7 %)	5,327.07	(4.6 %)	2,771.63	(2.5 %)
2019	14,351.28	5.9 %	5,366.67	0.7 %	2,590.07	(6.6 %)
2020	15,356.95	7.0 %	5,535.51	3.1 %	2,600.76	0.4 %
2021	15,849.72	3.2 %	5,059.27	(8.6 %)	2,100.42	(19.2 %)
2022	18,722.26	18.1 %	5,624.22	11.2 %	2,429.69	15.7 %
2023	19,575.59	4.6 %	6,051.29	7.6 %	2,758.35	13.5 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2015	306.48	12.0 %	0.31	-	306.48	0.31
Q2 2015	530.42	22.4 %	0.53	(79.17)	609.58	0.61
Q3 2015	595.12	10.3 %	0.60	-	595.12	0.60
Q4 2015	483.68	13.0 %	0.48	(19.85)	503.53	0.50
2015	1,915.69	14.4 %	1.92	(99.02)	2,014.71	2.01
Q1 2016	288.66	(5.8 %)	0.29	-	288.66	0.29
Q2 2016	658.38	24.1 %	0.66	-	658.38	0.66
Q3 2016	664.26	11.6 %	0.66	25.11	639.15	0.64
Q4 2016	536.49	10.9 %	0.54	(28.30)	564.79	0.56
2016	2,147.79	12.1 %	2.15	(3.19)	2,150.98	2.15
Q1 2017	328.27	13.7 %	0.33	-	328.27	0.33
Q2 2017	674.11	2.4 %	0.67	-	674.11	0.67
Q3 2017	667.01	0.4 %	0.67	-	667.01	0.67
Q4 2017	512.89	(4.4 %)	0.51	-	512.89	0.51
2017	2,182.29	1.6 %	2.18	-	2,182.29	2.18
Q1 2018	344.87	5.1 %	0.34	-	344.87	0.34
Q2 2018	661.39	(1.9 %)	0.66	-	661.39	0.66
Q3 2018	634.96	(4.8 %)	0.63	-	634.96	0.63
Q4 2018	370.77	(27.7 %)	0.37	(100.70)	471.47	0.47
2018	2,011.98	(7.8 %)	2.01	(100.70)	2,112.68	2.11
Q1 2019	336.03	(2.6 %)	0.34	-	336.03	0.34
Q2 2019	582.53	(11.9 %)	0.58	-	582.53	0.58
Q3 2019	581.25	(8.5 %)	0.58	-	581.25	0.58
Q4 2019	311.95	(15.9 %)	0.31	-	311.95	0.31
2019	1,811.75	(10.0 %)	1.81	-	1,811.75	1.81
Q1 2020	383.01	14.0 %	0.38	-	383.01	0.38
Q2 2020	643.93	10.5 %	0.64	-	643.93	0.64
Q3 2020	621.52	6.9 %	0.62	-	621.52	0.62
Q4 2020	335.90	7.7 %	0.34	20.85	315.06	0.32
2020	1,984.36	9.5 %	1.98	20.85	1,963.51	1.96
Q1 2021	385.95	0.8 %	0.39	-	385.95	0.39
Q2 2021	481.98	(25.2 %)	0.48	-	481.98	0.48
Q3 2021	409.09	(34.2 %)	0.41	-	409.09	0.41
Q4 2021	286.53	(14.7 %)	0.29	-	286.53	0.29
2021	1,563.54	(21.2 %)	1.56	-	1,563.54	1.56
Q1 2022	420.46	8.9 %	0.42	-	420.46	0.42
Q2 2022	520.36	8.0 %	0.52	-	520.36	0.52
Q3 2022	463.17	13.2 %	0.46	(82.92)	546.09	0.55
Q4 2022	355.82	24.2 %	0.36	-	355.82	0.36
2022	1,759.81	12.6 %	1.76	(82.92)	1,842.73	1.84
Q1 2023	635.06	51.0 %	0.64	-	635.06	0.64
Q2 2023	557.08	7.1 %	0.56	-	557.08	0.56
Q3 2023	486.26	5.0 %	0.49	-	486.26	0.49
Q4 2023	370.72	4.2 %	0.37	-	370.72	0.37
2023	2,049.12	16.4 %	2.05	-	2,049.12	2.05
Q1 2024	692.23	9.0 %	0.69	-	692.23	0.69
Q2 2024	619.69	11.2 %	0.62	-	619.69	0.62

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2014	1,674.34	11.5 %	1.67	20.90	1,653.44	1.65
2015	1,915.69	14.4 %	1.92	(99.02)	2,014.71	2.01
2016	2,147.79	12.1 %	2.15	(3.19)	2,150.98	2.15
2017	2,182.29	1.6 %	2.18	-	2,182.29	2.18
2018	2,011.98	(7.8 %)	2.01	(100.70)	2,112.68	2.11
2019	1,811.75	(10.0 %)	1.81	-	1,811.75	1.81
2020	1,984.36	9.5 %	1.98	20.85	1,963.51	1.96
2021	1,563.54	(21.2 %)	1.56	-	1,563.54	1.56
2022	1,759.81	12.6 %	1.76	(82.92)	1,842.73	1.84
2023	2,049.12	16.4 %	2.05	-	2,049.12	2.05

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	37.02 %	27.31 %	13.21 %
Q2 2015	37.80 %	27.58 %	14.18 %
Q3 2015	37.51 %	27.73 %	14.32 %
Q4 2015	38.30 %	27.91 %	14.61 %
2015	38.30 %	27.91 %	14.61 %
Q1 2016	37.51 %	27.63 %	14.13 %
Q2 2016	37.71 %	28.38 %	14.20 %
Q3 2016	37.96 %	29.09 %	14.50 %
Q4 2016	38.51 %	30.87 %	15.00 %
2016	38.51 %	30.87 %	15.00 %
Q1 2017	38.84 %	31.68 %	15.27 %
Q2 2017	39.53 %	32.67 %	15.56 %
Q3 2017	40.19 %	34.21 %	15.93 %
Q4 2017	40.07 %	34.18 %	15.66 %
2017	40.07 %	34.18 %	15.66 %
Q1 2018	41.07 %	35.75 %	15.95 %
Q2 2018	40.55 %	36.32 %	15.96 %
Q3 2018	39.86 %	36.36 %	15.79 %
Q4 2018	39.44 %	36.05 %	15.53 %
2018	39.29 %	36.23 %	15.58 %
Q1 2019	38.56 %	35.36 %	15.38 %
Q2 2019	38.42 %	34.75 %	14.70 %
Q3 2019	38.04 %	33.87 %	14.05 %
Q4 2019	37.39 %	33.18 %	12.62 %
2019	37.40 %	33.20 %	12.62 %
Q1 2020	37.28 %	32.63 %	12.70 %
Q2 2020	36.96 %	32.11 %	12.84 %
Q3 2020	36.72 %	31.84 %	12.86 %
Q4 2020	36.05 %	30.84 %	12.79 %
2020	36.05 %	30.84 %	12.79 %
Q1 2021	35.81 %	31.08 %	12.76 %
Q2 2021	34.81 %	30.08 %	11.77 %
Q3 2021	33.08 %	28.17 %	10.33 %
Q4 2021	31.92 %	26.91 %	9.86 %
2021	31.92 %	26.91 %	9.86 %
Q1 2022	30.86 %	25.81 %	9.56 %
Q2 2022	30.44 %	25.38 %	9.45 %
Q3 2022	30.23 %	25.12 %	9.78 %
Q4 2022	30.04 %	25.87 %	9.84 %
2022	30.04 %	25.87 %	9.84 %
Q1 2023	30.65 %	26.64 %	10.67 %
Q2 2023	30.86 %	26.93 %	10.76 %
Q3 2023	30.72 %	26.92 %	10.43 %
Q4 2023	30.91 %	26.67 %	10.47 %
2023	30.91 %	26.67 %	10.47 %
Q1 2024	30.76 %	26.08 %	10.55 %
Q2 2024	30.88 %	26.10 %	10.67 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2014	36.43 %	27.38 %	13.12 %
2015	38.30 %	27.91 %	14.61 %
2016	38.51 %	30.87 %	15.00 %
2017	40.07 %	34.18 %	15.66 %
2018	39.29 %	36.23 %	15.58 %
2019	37.40 %	33.20 %	12.62 %
2020	36.05 %	30.84 %	12.79 %
2021	31.92 %	26.91 %	9.86 %
2022	30.04 %	25.87 %	9.84 %
2023	30.91 %	26.67 %	10.47 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	36.56 %	24.57 %	10.09 %
Q2 2015	38.03 %	27.96 %	16.70 %
Q3 2015	41.05 %	30.38 %	16.89 %
Q4 2015	37.34 %	28.25 %	14.05 %
Q1 2016	33.42 %	23.75 %	8.56 %
Q2 2016	38.74 %	30.67 %	16.77 %
Q3 2016	42.08 %	33.27 %	18.10 %
Q4 2016	39.58 %	35.51 %	16.10 %
Q1 2017	34.80 %	27.20 %	9.70 %
Q2 2017	41.35 %	34.36 %	17.93 %
Q3 2017	44.95 %	39.72 %	19.78 %
Q4 2017	39.06 %	35.42 %	15.00 %
Q1 2018	38.81 %	33.56 %	10.67 %
Q2 2018	39.44 %	36.46 %	18.01 %
Q3 2018	42.18 %	39.94 %	19.14 %
Q4 2018	37.35 %	34.18 %	13.94 %
Q1 2019	35.18 %	30.76 %	10.16 %
Q2 2019	38.92 %	34.21 %	15.46 %
Q3 2019	40.40 %	36.11 %	16.27 %
Q4 2019	34.92 %	31.48 %	8.42 %
Q1 2020	34.88 %	28.68 %	10.66 %
Q2 2020	37.61 %	32.20 %	15.78 %
Q3 2020	39.21 %	34.76 %	16.09 %
Q4 2020	32.27 %	27.46 %	8.25 %
Q1 2021	33.88 %	29.71 %	10.59 %
Q2 2021	33.85 %	28.40 %	12.03 %
Q3 2021	32.36 %	27.19 %	10.38 %
Q4 2021	28.02 %	22.87 %	6.73 %
Q1 2022	29.58 %	25.10 %	9.34 %
Q2 2022	31.88 %	26.43 %	11.29 %
Q3 2022	31.22 %	25.87 %	11.45 %
Q4 2022	27.57 %	26.03 %	7.35 %
Q1 2023	31.93 %	28.13 %	12.53 %
Q2 2023	32.70 %	27.64 %	11.62 %
Q3 2023	30.63 %	25.83 %	10.14 %
Q4 2023	28.39 %	25.03 %	7.54 %
Q1 2024	31.30 %	25.88 %	12.68 %
Q2 2024	33.03 %	27.62 %	12.02 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2015	1,000.00	1.71	1.71	9.37
Q2 2015	1,000.00	1.80	1.88	9.62
Q3 2015	1,000.00	1.86	1.94	9.99
Q4 2015	1,000.00	1.92	2.01	10.36
Q1 2016	1,000.00	1.90	2.00	10.51
Q2 2016	1,000.00	2.03	2.05	10.42
Q3 2016	1,000.00	2.09	2.09	11.08
Q4 2016	1,000.00	2.15	2.15	11.36
Q1 2017	1,000.00	2.19	2.19	11.01
Q2 2017	1,000.00	2.20	2.21	11.66
Q3 2017	1,000.00	2.21	2.23	12.26
Q4 2017	1,000.00	2.18	2.18	12.78
Q1 2018	1,000.00	2.20	2.20	13.11
Q2 2018	1,000.00	2.19	2.19	12.87
Q3 2018	1,000.00	2.15	2.15	13.39
Q4 2018	1,000.00	2.01	2.11	13.88
Q1 2019	1,000.00	2.00	2.10	14.24
Q2 2019	1,000.00	1.92	2.02	14.00
Q3 2019	1,000.00	1.87	1.97	14.58
Q4 2019	1,000.00	1.81	1.81	14.65
Q1 2020	1,000.00	1.86	1.86	14.72
Q2 2020	1,000.00	1.92	1.92	14.60
Q3 2020	1,000.00	1.96	1.96	15.33
Q4 2020	1,000.00	1.98	1.96	15.69
Q1 2021	1,000.00	1.99	1.97	16.07
Q2 2021	1,000.00	1.83	1.80	15.46
Q3 2021	1,000.00	1.61	1.59	15.86
Q4 2021	1,000.00	1.56	1.56	16.12
Q1 2022	1,000.00	1.60	1.60	16.32
Q2 2022	1,000.00	1.64	1.64	15.84
Q3 2022	1,000.00	1.69	1.77	16.27
Q4 2022	1,000.00	1.76	1.84	16.67
Q1 2023	1,000.00	1.97	2.06	17.24
Q2 2023	1,000.00	2.01	2.09	16.82
Q3 2023	1,000.00	2.03	2.03	17.49
Q4 2023	1,000.00	2.05	2.05	17.80
Q1 2024	1,000.00	2.11	2.11	18.34
Q2 2024	1,000.00	2.17	2.17	17.95

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2014	1,000.00	1.67	1.65	9.19
2015	1,000.00	1.92	2.01	10.36
2016	1,000.00	2.15	2.15	11.36
2017	1,000.00	2.18	2.18	12.78
2018	1,000.00	2.01	2.11	13.88
2019	1,000.00	1.81	1.81	14.65
2020	1,000.00	1.98	1.96	15.69
2021	1,000.00	1.56	1.56	16.12
2022	1,000.00	1.76	1.84	16.67
2023	1,000.00	2.05	2.05	17.80

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2015	30.66	30.66	5.59
Q2 2015	29.98	28.72	5.62
Q3 2015	27.25	26.13	5.07
Q4 2015	24.57	23.36	4.54
Q1 2016	22.12	21.02	3.99
Q2 2016	21.60	21.39	4.20
Q3 2016	20.28	20.33	3.83
Q4 2016	25.51	25.47	4.82
Q1 2017	25.80	25.76	5.13
Q2 2017	35.02	34.97	6.62
Q3 2017	25.87	25.54	4.65
Q4 2017	24.63	24.63	4.20
Q1 2018	25.19	25.19	4.22
Q2 2018	27.63	27.63	4.69
Q3 2018	23.17	23.17	3.73
Q4 2018	23.86	22.72	3.46
Q1 2019	27.46	26.14	3.86
Q2 2019	27.80	26.42	3.82
Q3 2019	26.60	25.24	3.41
Q4 2019	27.32	27.32	3.38
Q1 2020	25.29	25.29	3.19
Q2 2020	26.98	26.98	3.55
Q3 2020	26.98	26.98	3.45
Q4 2020	27.67	27.96	3.50
Q1 2021	26.17	26.44	3.24
Q2 2021	34.73	35.13	4.10
Q3 2021	35.96	36.43	3.66
Q4 2021	31.18	31.18	3.02
Q1 2022	32.04	32.04	3.14
Q2 2022	32.02	32.02	3.31
Q3 2022	31.47	30.00	3.27
Q4 2022	30.40	29.03	3.21
Q1 2023	28.57	27.41	3.27
Q2 2023	30.18	28.99	3.61
Q3 2023	31.26	31.26	3.64
Q4 2023	27.23	27.23	3.14
Q1 2024	27.35	27.35	3.14
Q2 2024	25.82	25.82	3.12

Period	P/E	Adjusted P/E	Price/book
2014	27.56	27.91	5.02
2015	24.57	23.36	4.54
2016	25.51	25.47	4.82
2017	24.63	24.63	4.20
2018	23.86	22.72	3.46
2019	27.32	27.32	3.38
2020	27.67	27.96	3.50
2021	31.18	31.18	3.02
2022	30.40	29.03	3.21
2023	27.23	27.23	3.14

Business Segments (Million)

Compared With The

Period	Dairy & Juice	Poultry Project	Bakeries Productions	Others	Arable and Horticulture
Q1 2015	2,353.44	308.98	355.53	19.36	-
Q2 2015	2,869.02	313.95	396.35	70.21	-
Q3 2015	2,756.98	314.83	399.51	52.27	-
Q4 2015	2,761.46	324.49	474.46	23.79	-
Q1 2016	2,577.33	320.83	452.27	23.36	-
Q2 2016	3,054.66	365.77	458.22	47.25	-
Q3 2016	2,722.80	277.65	467.02	62.87	-
Q4 2016	2,606.53	367.26	503.28	31.48	-
Q1 2017	2,494.13	356.37	468.91	64.13	-
Q2 2017	2,920.95	387.41	434.61	17.39	-
Q3 2017	2,570.11	328.31	436.67	37.83	-
Q4 2017	2,525.29	391.54	466.90	35.00	-
Q1 2018	2,356.95	420.64	405.47	49.15	-
Q2 2018	2,752.49	434.66	377.44	62.50	-
Q3 2018	2,405.25	453.37	411.60	47.14	-
Q4 2018	2,404.97	491.69	446.89	37.63	-
Q1 2019	2,333.97	499.50	421.07	54.35	-
Q2 2019	2,782.58	527.14	394.60	60.88	-
Q3 2019	2,552.86	488.96	454.50	76.94	-
Q4 2019	2,540.58	608.99	479.13	75.24	-
Q1 2020	2,520.12	558.39	432.81	81.12	-
Q2 2020	2,966.24	614.62	424.22	76.77	-
Q3 2020	2,770.35	524.75	419.21	148.77	-
Q4 2020	2,666.97	595.02	435.72	121.87	-
Q1 2021	2,581.48	551.84	391.09	120.61	-
Q2 2021	2,895.63	566.18	400.92	142.84	-
Q3 2021	2,720.65	541.62	467.39	212.07	-
Q4 2021	2,943.57	641.81	529.47	142.55	-
Q1 2022	3,116.25	659.47	571.28	156.47	-
Q2 2022	3,136.00	736.35	567.52	170.58	-
Q3 2022	3,138.72	775.78	615.90	238.71	-
Q4 2022	3,113.15	841.84	684.60	199.65	-
Q1 2023	3,448.79	848.03	622.06	147.69	-
Q2 2023	3,178.75	849.41	620.99	143.20	-
Q3 2023	3,144.71	876.02	640.78	135.43	-
Q4 2023	3,130.31	944.88	700.63	143.91	-
Q1 2024	3,792.20	921.28	624.38	120.78	-
Q2 2024	3,419.52	969.40	645.87	119.82	-

Period	Dairy & Juice	Poultry Project	Bakeries Productions	Others	Arable and Horticulture
2014	9,901.90	1,022.76	1,532.91	148.00	-
2015	10,740.89	1,262.26	1,625.84	165.63	-
2016	10,961.32	1,331.51	1,880.79	164.96	-
2017	10,510.47	1,463.63	1,807.09	154.35	-
2018	9,919.67	1,800.35	1,641.39	196.43	-
2019	10,209.99	2,124.59	1,749.30	267.40	-
2020	10,923.68	2,292.78	1,711.95	428.54	-
2021	11,141.33	2,301.46	1,788.86	618.07	-
2022	12,504.12	3,013.44	2,439.30	765.40	-
2023	12,902.56	3,518.34	2,584.46	570.23	-

Analysts Estimates (Million)

Item	Q2 2024 (e)	Q2 2024 (a)	Change‬
Average	609.64	619.69	1.65 %

Estimates vs Actual (Million)

Item	Q2 2024 (e)	Q2 2024 (a)	Change
AlJazira Capital	616.30	619.69	0.6 %
Al Rajhi Capital	632.00	619.69	(1.9) %
U-Capital	641.20	619.69	(3.4) %
YAQEEN	590.00	619.69	5.0 %
Sico	678.00	619.69	(8.6) %
SNB Capital	564.00	619.69	9.9 %
Riyad Capital	546.00	619.69	13.5 %

Financial Ratios

	Current
Market Cap (M Riyal)	52,700.00
Enterprise Value (EV) (M)	62,165.61
Shares Outstanding ((M))	1,000.00
EPS ( Riyal) (TTM)	2.25
Book Value (BV) ( Riyal)	18.56
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	23.39
P/E (TTM)	23.39
Price/book	2.84
Return on Average Assets (%) (TTM)	6.3
Return on Average Equity (%) (TTM)	12.5

Almarai Co. (ALMARAI)

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Almarai profit up 10% to SAR 1.31B in H1 2024; Q2 at SAR 619.7M

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2024 Q2

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Almarai Co. (ALMARAI)

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Almarai profit up 10% to SAR 1.31B in H1 2024; Q2 at SAR 619.7M

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q2 2024

Revenue by Business Segment (Latest) 2024 Q2

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Almarai Co. (ALMARAI)

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Business Segments (Million)