Takween narrows 2024 loss to SAR 75.8M; Q4 at SAR 50M

30/03/2025 Argaam Exclusive
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Takween Advanced Industries Co.’s net loss amounted to SAR 75.8 million in 2024, down from SAR 223.3 million a year earlier.



Financials (M)

Item 2023 2024 Change‬
Revenues 818.16 671.74 (17.9 %)
Gross Income 0.90 71.34 7852.7 %
Operating Income (154.71) (25.27) 83.7 %
Net Income (223.33) (75.84) 66.0 %
Average Shares 54.59 72.50 32.8 %
Earnings Per Share before unusual items (4.09) (1.05) 74.4 %
EPS (Riyals) (4.09) (1.05) 74.4 %

This was attributed to higher gross profits and a decline in administrative, selling, marketing, and distribution expenses for 2024. In addition, during the same year, financing costs weakened while other revenues increased.

 

However, Takween’s 2024 top-line tumbled to SAR 671.7 million, compared to SAR 818.2 million in 2023. This was primarily due to the reduced sales volumes on the discontinuation of some non-strategic activities and products, as well as adjustments to the pricing policy.

 

The company also cut its Q4 2024 net loss to SAR 50 million, from SAR 137.2 million in the same period a year earlier.

 

Takween had posted a loss of SAR 17.66 million in Q3 2024.



Current Quarter Comparison (M)

Compared With The
Item Q4 2023 Q4 2024 Change‬
Revenues 173.23 142.87 (17.5 %)
Gross Income (27.68) 6.94 125.1 %
Operating Income (117.65) (39.27) 66.6 %
Net Income (137.20) (50.01) 63.6 %
Average Shares 54.59 72.50 32.8 %
Earnings Per Share before unusual items (2.51) (0.69) 72.6 %
EPS (Riyals) (2.51) (0.69) 72.6 %

Total shareholders’ equity, no minority interest, increased to SAR 391.63 million as of Dec. 31, 2024, from SAR 203.75 million a year earlier.

 

By year-end, accumulated losses reached 39.02% of Takween’s capital, given the SAR 15.5 million increase in provisions for doubtful debts, with the company also incurring SAR 55.59 million in financing costs.

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Share Price

Takween Advanced Industries Co.
8.64
0.59 7.33 %

Takween Advanced Industries Co. (TAKWEEN)

1 Day 7.33 % 5 Days (6.59 %) 3 Months (20.59 %) 6 Months (26.15 %) Year (34.35 %) 2 Years (46.99 %) 5 Years (20.96 %) All (85.32 %)
Created with Highstock 6.0.710:1010:2010:3010:4010:5011:0011:1011:2011:3011:5012:1012:2012:3012:4012:5013:0013:1013:2013:4013:5014:0014:1014:2014:3014:4014:5015:1042.5042.7543.0043.2543.5043.7544.0044.2544.50
Close : 44.20 | Apr 10, 15:13
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Financial Ratios
Current
Market Cap (M Riyal) 660.61
Enterprise Value (EV) (M) 1,155.94
Shares Outstanding ((M)) 76.46
EPS ( Riyal) (TTM) (1.05)
Book Value (BV) ( Riyal) 5.12
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 1.69
Return on Average Assets (%) (TTM) (5.83 )
Return on Average Equity (%) (TTM) (25.47 )
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Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2015 419.32 141.4 % 27.89 25.7 % (21.42) (372.9 %)
Q2 2015 477.02 130.1 % 77.15 161.8 % 38.79 260.4 %
Q3 2015 459.48 136.1 % 55.72 56.5 % 17.88 0.9 %
Q4 2015 362.65 88.8 % 17.16 (47.4 %) (21.39) (212.0 %)
Q1 2016 352.67 (15.9 %) 57.52 106.3 % 20.98 197.9 %
Q2 2016 403.97 (15.3 %) 78.13 1.3 % 31.46 (18.9 %)
Q3 2016 378.89 (17.5 %) 47.89 (14.1 %) 30.07 68.2 %
Q4 2016 280.07 (22.8 %) 18.03 5.1 % (46.91) (119.3 %)
Q1 2017 302.42 (14.2 %) 42.00 (27.0 %) 4.66 (77.8 %)
Q2 2017 331.85 (17.9 %) 37.28 (52.3 %) (1.84) (105.9 %)
Q3 2017 334.21 (11.8 %) 4.83 (89.9 %) (39.44) (231.2 %)
Q4 2017 262.02 (6.4 %) (21.77) (220.7 %) (82.33) (75.5 %)
Q1 2018 307.33 1.6 % 26.41 (37.1 %) (0.58) (112.5 %)
Q2 2018 374.91 13.0 % 47.45 27.3 % 13.39 827.4 %
Q3 2018 370.80 10.9 % 46.67 867.2 % 12.79 132.4 %
Q4 2018 290.72 11.0 % 7.86 136.1 % (20.78) 74.8 %
Q1 2019 303.47 (1.3 %) 32.98 24.9 % (0.43) 26.0 %
Q2 2019 319.15 (14.9 %) 30.74 (35.2 %) (2.83) (121.1 %)
Q3 2019 314.67 (15.1 %) 16.75 (64.1 %) (15.20) (218.9 %)
Q4 2019 252.16 (13.3 %) (8.54) (208.6 %) (34.37) (65.4 %)
Q1 2020 200.64 (33.9 %) 18.88 (42.7 %) (5.58) (1,191.4 %)
Q2 2020 198.54 (37.8 %) 20.36 (33.8 %) (1.46) 48.4 %
Q3 2020 183.34 (41.7 %) 17.91 6.9 % (8.90) 41.4 %
Q4 2020 171.66 (31.9 %) 0.25 103.0 % (15.85) 53.9 %
Q1 2021 186.31 (7.1 %) 11.63 (38.4 %) (12.66) (126.9 %)
Q2 2021 222.05 11.8 % 12.09 (40.6 %) (9.57) (555.1 %)
Q3 2021 222.45 21.3 % 24.14 34.8 % (8.62) 3.1 %
Q4 2021 207.74 21.0 % 4.04 1498.0 % (29.42) (85.7 %)
Q1 2022 249.65 34.0 % 20.68 77.7 % (3.72) 70.6 %
Q2 2022 286.25 28.9 % 16.54 36.8 % (4.44) 53.6 %
Q3 2022 273.99 23.2 % 11.99 (50.3 %) (10.56) (22.6 %)
Q4 2022 235.51 13.4 % (16.66) (512.1 %) (98.33) (234.2 %)
Q1 2023 232.62 (6.8 %) 15.15 (26.7 %) (8.01) (115.2 %)
Q2 2023 217.61 (24.0 %) 8.39 (49.3 %) (14.48) (225.8 %)
Q3 2023 194.71 (28.9 %) 5.03 (58.0 %) (14.57) (37.9 %)
Q4 2023 173.23 (26.4 %) (27.68) (66.1 %) (117.65) (19.6 %)
2023 818.16 (21.7 %) 0.90 (97.2 %) (154.71) (32.2 %)
Q1 2024 183.14 (21.3 %) 27.10 78.8 % 10.88 235.9 %
Q2 2024 161.83 (25.6 %) 21.16 152.4 % 6.43 144.4 %
Q3 2024 183.90 (5.6 %) 16.13 220.5 % (3.31) 77.3 %
Q4 2024 142.87 (17.5 %) 6.94 125.1 % (39.27) 66.6 %
2024 671.74 (17.9 %) 71.34 7852.7 % (25.27) 83.7 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items Earnings Per Share before unusual items
Q1 2015 (15.49) (276.0 %) (0.52) 14.17 (29.65) (1.00)
Q2 2015 28.03 0.7 % 0.94 - 28.03 0.94
Q3 2015 (2.27) (111.7 %) (0.08) - (2.27) (0.08)
Q4 2015 (37.73) (4,865.0 %) (1.27) - (37.73) (1.27)
Q1 2016 1.88 112.1 % 0.06 - 1.88 0.06
Q2 2016 12.50 (55.4 %) 0.42 - 12.50 0.42
Q3 2016 4.35 291.2 % 0.15 - 4.35 0.15
Q4 2016 (80.82) (114.2 %) (1.40) (24.24) (56.59) (0.98)
Q1 2017 (8.91) (573.7 %) (0.15) - (8.91) (0.15)
Q2 2017 (12.67) (201.3 %) (0.22) - (12.67) (0.22)
Q3 2017 (49.09) (1229.6 %) (0.85) - (49.09) (0.85)
Q4 2017 (97.57) (20.7 %) (1.69) - (97.57) (1.69)
Q1 2018 (0.84) 90.6 % (0.01) - (0.84) (0.01)
Q2 2018 2.89 122.8 % 0.05 - 2.89 0.05
Q3 2018 0.44 100.9 % 0.01 - 0.44 0.01
Q4 2018 (42.23) 56.7 % (0.73) - (42.23) (0.73)
Q1 2019 (12.55) (1,401.0 %) (0.22) - (12.55) (0.22)
Q2 2019 (13.03) (550.6 %) (0.23) - (13.03) (0.23)
Q3 2019 (28.77) (6608.6 %) (0.50) - (28.77) (0.50)
Q4 2019 (42.37) (0.3 %) (0.73) (19.25) (23.12) (0.40)
Q1 2020 (18.79) (49.8 %) (0.32) - (18.79) (0.32)
Q2 2020 10.03 177.0 % 0.17 - 10.03 0.17
Q3 2020 6.14 121.4 % 0.11 - 6.14 0.11
Q4 2020 (3.40) 92.0 % (0.06) - (3.40) (0.06)
Q1 2021 2.16 111.5 % 0.04 - 2.16 0.04
Q2 2021 7.87 (21.5 %) 0.14 - 7.87 0.14
Q3 2021 40.34 556.6 % 0.70 53.12 (12.78) (0.22)
Q4 2021 (31.34) (823.2 %) (0.54) - (31.34) (0.54)
Q1 2022 (8.98) (516.1 %) (0.16) - (8.98) (0.16)
Q2 2022 (14.99) (290.4 %) (0.26) - (14.99) (0.26)
Q3 2022 (21.89) (154.3 %) (0.38) - (21.89) (0.38)
Q4 2022 (113.07) (260.7 %) (1.95) - (113.07) (1.95)
Q1 2023 (25.76) (187.0 %) (0.47) - (25.76) (0.47)
Q2 2023 (30.07) (100.6 %) (0.55) - (30.07) (0.55)
Q3 2023 (30.31) (38.5 %) (0.56) - (30.31) (0.56)
Q4 2023 (137.20) (21.3 %) (2.51) - (137.20) (2.51)
2023 (223.33) (40.5 %) (4.09) - (223.33) (4.09)
Q1 2024 (4.00) 84.5 % (0.06) - (4.00) (0.06)
Q2 2024 (4.17) 86.1 % (0.06) - (4.17) (0.06)
Q3 2024 (17.66) 41.7 % (0.24) - (17.66) (0.24)
Q4 2024 (50.01) 63.6 % (0.69) - (50.01) (0.69)
2024 (75.84) 66.0 % (1.05) - (75.84) (1.05)

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2015 12.40 % 10.83 % 0.22 %
Q2 2015 13.51 % 12.23 % 1.91 %
Q3 2015 12.50 % 11.18 % 0.94 %
Q4 2015 10.35 % 9.38 % (2.42 %)
Q1 2016 12.57 % 12.28 % (0.61 %)
Q2 2016 13.21 % 11.92 % (1.62 %)
Q3 2016 13.40 % 13.76 % (1.27 %)
Q4 2016 14.24 % 9.88 % (2.67 %)
Q1 2017 13.63 % 9.09 % (3.56 %)
Q2 2017 11.23 % 7.33 % (5.71 %)
Q3 2017 8.18 % 1.55 % (10.19 %)
Q4 2017 5.07 % 0.57 % (13.67 %)
Q1 2018 3.78 % (0.05 %) (12.96 %)
Q2 2018 4.45 % 0.37 % (11.31 %)
Q3 2018 7.51 % 3.11 % (7.23 %)
Q4 2018 9.55 % 7.55 % (2.96 %)
Q1 2019 10.07 % 7.29 % (3.84 %)
Q2 2019 9.21 % 6.51 % (5.25 %)
Q3 2019 7.19 % 5.33 % (7.86 %)
Q4 2019 6.05 % 4.79 % (6.51 %)
Q1 2020 5.32 % 4.65 % (7.70 %)
Q2 2020 4.91 % 5.31 % (6.28 %)
Q3 2020 5.83 % 6.61 % (3.08 %)
Q4 2020 7.61 % 9.11 % (0.80 %)
Q1 2021 6.78 % 7.35 % 2.02 %
Q2 2021 5.49 % 4.82 % 1.67 %
Q3 2021 6.00 % 3.43 % (0.77 %)
Q4 2021 6.19 % 0.99 % (4.07 %)
Q1 2022 6.76 % 1.60 % (5.01 %)
Q2 2022 6.77 % 2.08 % (7.05 %)
Q3 2022 5.23 % 1.72 % (7.59 %)
Q4 2022 3.11 % (5.36 %) (15.20 %)
Q1 2023 2.63 % (6.06 %) (17.09 %)
Q2 2023 1.97 % (7.87 %) (19.88 %)
Q3 2023 1.35 % (9.29 %) (22.62 %)
Q4 2023 0.11 % (12.76 %) (27.30 %)
Q1 2024 1.67 % (11.60 %) (26.22 %)
Q2 2024 3.59 % (9.97 %) (24.64 %)
Q3 2024 5.23 % (8.67 %) (23.22 %)
Q4 2024 10.62 % - (11.29 %)
2024 10.62 % - (11.29 %)


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Earnings Per Share before unusual items (Riyal) Book Value (BV)
Q1 2015 29.72 1.04 0.08 15.77
Q2 2015 29.72 1.05 0.83 16.69
Q3 2015 29.72 0.32 0.49 16.57
Q4 2015 29.72 (0.92) (1.40) 15.31
Q1 2016 29.72 (0.34) (0.34) 15.51
Q2 2016 29.72 (0.86) (0.86) 15.77
Q3 2016 29.72 (0.64) (0.64) 16.07
Q4 2016 57.86 (1.07) (0.65) 15.78
Q1 2017 57.86 (1.26) (0.84) 15.63
Q2 2017 57.86 (1.69) (1.28) 15.41
Q3 2017 57.86 (2.62) (2.20) 14.58
Q4 2017 57.86 (2.91) (2.91) 12.79
Q1 2018 57.86 (2.77) (2.77) 12.42
Q2 2018 57.86 (2.50) (2.50) 12.46
Q3 2018 57.86 (1.64) (1.64) 12.47
Q4 2018 57.86 (0.69) (0.69) 11.81
Q1 2019 57.86 (0.89) (0.89) 11.62
Q2 2019 57.86 (1.16) (1.16) 11.42
Q3 2019 57.86 (1.67) (1.67) 10.93
Q4 2019 57.86 (1.67) (1.34) 10.25
Q1 2020 57.86 (1.78) (1.45) 9.94
Q2 2020 57.86 (1.38) (1.05) 10.09
Q3 2020 57.86 (0.78) (0.44) 10.21
Q4 2020 57.86 (0.10) (0.10) 10.17
Q1 2021 57.86 0.26 0.26 10.20
Q2 2021 57.86 0.22 0.22 10.34
Q3 2021 57.86 0.81 (0.11) 11.04
Q4 2021 57.86 0.33 (0.59) 10.49
Q1 2022 57.86 0.14 (0.78) 10.29
Q2 2022 57.86 (0.26) (1.18) 9.92
Q3 2022 57.86 (1.33) (1.33) 9.52
Q4 2022 57.86 (2.75) (2.75) 7.51
Q1 2023 54.59 (3.22) (3.22) 6.94
Q2 2023 54.59 (3.49) (3.49) 6.42
Q3 2023 54.59 (3.65) (3.65) 5.90
Q4 2023 54.59 (4.09) (4.09) 3.52
Q1 2024 72.50 (2.78) (2.78) 6.11
Q2 2024 72.50 (2.42) (2.42) 6.01
Q3 2024 72.50 (2.25) (2.25) 5.78
Q4 2024 72.50 (1.05) (1.05) 5.12

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2015 More than 100 More than 100 12.12
Q2 2015 More than 100 More than 100 13.29
Q3 2015 More than 100 More than 100 8.01
Q4 2015 NEG NEG 7.36
Q1 2016 NEG NEG 4.49
Q2 2016 NEG NEG 4.57
Q3 2016 NEG NEG 3.13
Q4 2016 NEG NEG 1.87
Q1 2017 NEG NEG 1.73
Q2 2017 NEG NEG 1.58
Q3 2017 NEG NEG 1.72
Q4 2017 NEG NEG 1.72
Q1 2018 NEG NEG 1.63
Q2 2018 NEG NEG 1.91
Q3 2018 NEG NEG 1.85
Q4 2018 NEG NEG 1.77
Q1 2019 NEG NEG 1.71
Q2 2019 NEG NEG 1.48
Q3 2019 NEG NEG 1.57
Q4 2019 NEG NEG 1.69
Q1 2020 NEG NEG 1.41
Q2 2020 NEG NEG 1.52
Q3 2020 NEG NEG 2.69
Q4 2020 NEG NEG 2.99
Q1 2021 More than 100 More than 100 3.71
Q2 2021 More than 100 More than 100 5.23
Q3 2021 58.35 NEG 4.29
Q4 2021 More than 100 NEG 3.70
Q1 2022 More than 100 NEG 3.51
Q2 2022 NEG NEG 2.62
Q3 2022 NEG NEG 2.53
Q4 2022 NEG NEG 2.60
Q1 2023 NEG NEG 2.89
Q2 2023 NEG NEG 3.30
Q3 2023 NEG NEG 2.86
Q4 2023 NEG NEG 4.60
Q1 2024 NEG NEG 2.09
Q2 2024 NEG NEG 2.01
Q3 2024 NEG NEG 2.20
Q4 2024 NEG NEG 2.05

Business Segments (Million)

Compared With The
Period Polystyrene cups and lids and other related plastic products Non- woven Fabrics Thumbnail of preset BIT bottles (polyethylene terephthalate)
Q1 2014 67.35 61.02 45.32
Q2 2014 76.50 79.64 51.15
Q3 2014 65.97 83.05 45.62
Q4 2014 103.83 88.24 -
Q1 2015 325.75 93.57 -
Q2 2015 388.58 88.44 -
Q3 2015 383.72 75.76 -
Q4 2015 294.56 68.09 -
Q1 2016 291.51 61.16 -
Q2 2016 341.70 62.26 -
Q3 2016 318.71 60.18 -
Q4 2016 239.65 40.43 -
Q1 2017 251.03 51.39 -
Q2 2017 273.10 58.75 -
Q3 2017 273.72 58.14 -
Q4 2017 188.30 63.39 -
Q1 2018 236.50 70.83 -
Q2 2018 305.64 69.27 -
Q3 2018 287.77 83.03 -
Q4 2018 220.90 69.82 -
Q1 2019 230.44 73.03 -
Q2 2019 252.89 66.26 -
Q3 2019 250.41 64.27 -
Q4 2019 190.04 62.12 -
Q1 2020 200.64 73.38 -
Q2 2020 198.54 94.18 -
Q3 2020 183.34 104.89 -
Q4 2020 171.66 87.51 -

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