Arabica Star’s 2024 profit declines 8% to SAR 4.4M; H2 at SAR 2.7M

18/03/2025 Argaam Exclusive
0

Arabica Star Co. recorded a net profit of SAR 4.4 million for 2024, a decrease of 8% from SAR 4.7 million a year earlier.



Financials (M)

Item 2023 2024 Change‬
Revenues 61.51 54.19 (11.9 %)
Gross Income 14.06 14.12 0.4 %
Operating Income 7.90 6.29 (20.4 %)
Net Income 4.72 4.37 (7.6 %)
Average Shares 1.10 1.38 25.0 %
Earnings Per Share before unusual items 4.29 3.18 (26.1 %)
EPS (Riyals) 4.29 3.18 (26.1 %)

The annual net profit was weighed down by lower revenue on economic changes, inflation rates, as well as higher raw material and operating costs, which directly affected product prices and the purchasing power of some clients.

 

Additionally, as clients have become more price-sensitive, they preferred promotions and discounts.

 

The net profit decline was also attributed to fierce competition, as the coffee sector expanded with the entry of new brands and the development of specialty coffee concepts.



Current Half Annual Comparison (M)

Compared With The
Item H2 2023 H2 2024 Change‬
Revenues 32.15 26.16 (18.6 %)
Gross Income 10.03 7.50 (25.2 %)
Operating Income 6.38 3.50 (45.2 %)
Net Income 4.66 2.66 (42.9 %)
Average Shares 1.10 1.38 25.0 %
Earnings Per Share before unusual items 4.23 1.93 (54.3 %)
EPS (Riyals) 4.23 1.93 (54.3 %)

On the other hand, operating expenses declined.

 

The second-half net earnings dipped 43% to SAR 2.7 million from SAR 4.7 million in H2 2023.

 

Net earnings, however, jumped 55.9% from SAR 1.7 million in H1 2024.

 

Total shareholders’ equity, no minority interest, rose to SAR 39.21 million as of Dec. 31, 2024, compared to SAR 20.05 million a year earlier.

View More Financial Results

 

View other reports

Share Price

Arabica Star Co.
71.90
(0.90) (1.24 %)

Arabica Star Co. (ARABICA STAR)

1 Day (1.24 %) 5 Days (2.04 %) 3 Months (5.39 %) 6 Months (13.58 %) Year (13.58 %) 2 Years (13.58 %) 5 Years (13.58 %) All (13.58 %)
Created with Highstock 6.0.710:4011:1011:3511:4011:4512:0512:1512:2012:2512:3513:5514:0514:1014:1514:3566.0067.0068.0069.0070.0071.0072.0073.00
Close : 70.00 | Mar 25, 14:36
More


Financial Ratios
Current
Market Cap (M Riyal) 98.86
Enterprise Value (EV) (M) 102.05
Shares Outstanding ((M)) 1.38
Book Value (BV) ( Riyal) 28.52
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 22.64
Price/book 2.52
more

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

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 0

Be the first to comment

loader Train
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.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request

Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.

Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website