SABIC AN profit dips 9% to SAR 3.32B in 2024; Q4 at SAR 954.3M

18/02/2025 Argaam Exclusive

View other reports

SABIC Agri-Nutrients Co. (SABIC AN) reported a net profit of SAR 3.32 billion in 2024, a decline of 9% from SAR 3.65 billion a year earlier, due to increased cost of sales and production input expenses.

Financials (M)

Item	2023	2024	Change‬
Revenues	11,033.43	11,061.00	0.2 %
Gross Income	4,597.63	4,076.00	(11.3 %)
Operating Income	3,664.00	3,048.00	(16.8 %)
Net Income	3,659.45	3,327.00	(9.1 %)
Average Shares	476.04	476.04	-
Earnings Per Share before unusual items (Riyals)	7.96	6.99	(12.2 %)
EPS (Riyals)	7.69	6.99	(9.1 %)

This, however, was offset by higher revenue, thanks to a 3% year-on-year (YoY) rise in sales volumes. Additionally, average selling prices declined by 3%.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2023	Q4 2024	Change‬
Revenues	2,972.03	3,017.35	1.5 %
Gross Income	1,302.95	1,113.70	(14.5 %)
Operating Income	1,020.00	850.00	(16.7 %)
Net Income	978.36	954.27	(2.5 %)
Average Shares	476.04	476.04	-
Earnings Per Share before unusual items (Riyals)	2.33	2.00	(13.9 %)
EPS (Riyals)	2.06	2.00	(2.5 %)

Item	Q3 2024	Q4 2024	Change‬
Revenues	2,850.07	3,017.35	5.9 %
Gross Income	1,072.30	1,113.70	3.9 %
Operating Income	790.00	850.00	7.6 %
Net Income	826.52	954.27	15.5 %
Average Shares	476.04	476.04	-
Earnings Per Share before unusual items (Riyals)	1.74	2.00	15.5 %
EPS (Riyals)	1.74	2.00	15.5 %

The fourth-quarter net earnings decreased by 3% to SAR 954.3 million, from SAR 978.36 million in Q4 2023.

On a sequential basis, net earnings jumped 15.5% from SAR 826.52 million in Q3 2024.

Shareholders’ equity, after minority interest, reached SAR 18.47 billion as of Dec. 31, 2024, up from SAR 17.74 billion a year earlier.

Attached Documents

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.

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

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

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.

×