Financial Results : Alujain loss shrinks to SAR 50.7M in 2024; Q4 at SAR 116.8M

Alujain loss shrinks to SAR 50.7M in 2024; Q4 at SAR 116.8M

23/03/2025 Argaam Exclusive

View other reports

Alujain Corp. narrowed net loss to SAR 50.7 million in 2024, compared to SAR 82.3 million in 2023.

 


Financials (M)

Item 2023 2024 Change‬
Revenues 1,396.73 1,555.33 11.4 %
Gross Income 232.85 229.96 (1.2 %)
Operating Income 70.06 108.76 55.2 %
Net Income (82.25) (50.70) 38.4 %
Average Shares 69.20 69.20 -
Earnings Per Share before unusual items (Riyals) (1.13) 1.10 197.2 %
EPS (Riyals) (1.19) (0.73) 38.4 %

Alujain reported higher revenue on a 3.5% rise in selling prices and a 10% increase in volumes.

 

Losses narrowed on lower financing costs due to early settlement of Alujain loan, higher financing income, increased profit share from joint venture Natpet Schulman and the reversal of Zakat provisions for previous years.

 

Meanwhile, the company recorded an impairment loss of SAR 156.8 million for intangible assets in 2024.

 

The net loss for the year also included an amortization of customer relationships intangible assets of SAR 54 million.



Current Quarter Comparison (M)

Compared With The
Item Q4 2023 Q4 2024 Change‬
Revenues 175.37 358.14 104.2 %
Gross Income 22.79 18.98 (16.7 %)
Operating Income (23.71) 9.57 140.4 %
Net Income (66.72) (116.77) (75.0 %)
Average Shares 69.20 69.20 -
Earnings Per Share before unusual items (Riyals) (0.96) 0.58 160.0 %
EPS (Riyals) (0.96) (1.69) (75.0 %)

Q4 2024 net loss reached SAR 116.8 million, versus SAR 66.7 million in Q4 2023.

 

Sequentially, the company swung to a net loss from a net profit of SAR 45.8 million in Q3 2024.

 

Total shareholders’ equity, excluding minority interest, stood at SAR 3.49 billion by Dec. 31, 2024, compared to SAR 3.03 billion a year earlier.

View More Financial Results

 

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.