Batic’s losses at SAR 56.6M in 2024, SAR 56.6M in Q4 on ceased contracts

27/03/2025 Argaam Exclusive
0

Batic Investments and Logistics Co. deepened its net losses to SAR 56.6 million in 2024, from SAR 13.9 million a year ago.



Financials (M)

Item 2023 2024 Change‬
Revenues 480.57 482.21 0.3 %
Gross Income 57.43 61.53 7.1 %
Operating Income (5.05) 16.10 418.4 %
Net Income (13.89) (56.56) (307.2 %)
Average Shares 600.00 600.00 -
Earnings Per Share before unusual items (0.03) 0.00 100.7 %
EPS (Riyals) (0.02) (0.09) (307.2 %)

In 2024, the company recorded a one-off impairment provision of SAR 56.7 million on the value of tangible and intangible assets related to its subsidiary, Smart City Solutions Co.

 

Financing costs increased by 54% year-on-year (YoY) for the same year.

 

It is worth noting that 2023 included revenues from the sale of investment shares worth SAR 1.8 million.

 

This came although gross profit grew by 7% YoY, in addition to a slight annual hike in 2024 revenues.



Current Quarter Comparison (M)

Compared With The
Item Q4 2023 Q4 2024 Change‬
Revenues 126.32 114.93 (9.0 %)
Gross Income 10.77 13.22 22.7 %
Operating Income (7.06) 1.49 121.1 %
Net Income (7.80) (56.61) (625.5 %)
Average Shares 600.00 600.00 -
Earnings Per Share before unusual items (0.01) 0.00 100.6 %
EPS (Riyals) (0.01) (0.09) (625.5 %)

In Q4 2024, Batic’s losses widened to SAR 56.61 million, from SAR 7.80 million in the corresponding period a year ago.

 

Sequentially, the company sharpened its net loss from SAR 792,000 in Q3 2024.

 

Total shareholders' equity, after minority interest, declined to SAR 397.15 million by the end of Dec. 31, 2024, compared to SAR 456.13 million a year ago.

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Share Price

Batic Investments and Logistics Co. (BATIC)

Created with Highstock 6.0.710:1010:2010:3010:4010:5011:0011:1011:2011:3011:4012:0012:2012:3012:4012:5013:0013:2013:3013:4014:0014:1014:3014:4014:5015:1013.2013.3013.4013.5013.6013.7013.8013.9014.0014.1014.20
Close : 13.54 | Apr 10, 15:19

Current
Market Cap (M Riyal) 1,374.00
Enterprise Value (EV) (M) 1,451.70
Shares Outstanding ((M)) 600.00
EPS ( Riyal) (TTM) (0.09)
Book Value (BV) ( Riyal) 0.66
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) More than 100
P/E (TTM) NEG
Price/book 3.46
Return on Average Assets (%) (TTM) (3.79 )
Return on Average Equity (%) (TTM) (6.04 )


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2015 14.05 3.4 % 0.64 (60.2 %) (2.23) (229.4 %)
Q2 2015 116.03 271.4 % 38.83 149.3 % 31.83 143.4 %
Q3 2015 125.73 139.6 % 26.23 (10.8 %) 19.06 (26.7 %)
Q4 2015 118.31 760.0 % 21.28 6426.1 % 14.31 593.2 %
Q1 2016 112.82 703.2 % 22.43 3426.4 % 12.33 652.3 %
Q2 2016 109.49 (5.6 %) 18.52 (52.3 %) 8.71 (72.6 %)
Q3 2016 109.76 (12.7 %) 18.52 (29.4 %) 8.85 (53.6 %)
Q4 2016 110.03 (7.0 %) 17.82 (16.3 %) (2.35) (116.4 %)
Q1 2017 116.12 2.9 % 24.19 7.8 % 14.21 15.2 %
Q2 2017 121.08 10.6 % 26.85 45.0 % 17.53 101.2 %
Q3 2017 125.97 14.8 % 27.84 50.3 % 16.91 91.0 %
Q4 2017 122.84 11.6 % 32.45 82.2 % 17.09 828.7 %
Q1 2018 127.45 9.8 % 18.30 (24.3 %) 6.21 (56.3 %)
Q2 2018 128.12 5.8 % 19.83 (26.2 %) 5.82 (66.8 %)
Q3 2018 127.58 1.3 % 20.26 (27.2 %) 7.92 (53.1 %)
Q4 2018 124.48 1.3 % 19.18 (40.9 %) 7.14 (58.2 %)
Q1 2019 114.09 (10.5 %) 17.23 (5.8 %) 4.66 (25.1 %)
Q2 2019 117.78 (8.1 %) 16.15 (18.5 %) 5.06 (13.0 %)
Q3 2019 115.72 (9.3 %) 14.65 (27.7 %) 5.18 (34.6 %)
Q4 2019 116.36 (6.5 %) 12.44 (35.2 %) 1.35 (81.1 %)
Q1 2020 105.67 (7.4 %) 14.36 (16.7 %) (2.61) (156.0 %)
Q2 2020 98.05 (16.8 %) 4.97 (69.2 %) (6.79) (234.2 %)
Q3 2020 190.75 64.8 % 31.04 112.0 % 19.35 273.3 %
Q4 2020 122.50 5.3 % 10.02 (19.5 %) (12.00) (991.6 %)
Q1 2021 123.64 17.0 % 9.40 (34.6 %) (2.45) 6.1 %
Q2 2021 113.09 15.3 % 10.23 105.7 % 2.70 139.7 %
Q3 2021 119.18 (37.5 %) 12.82 (58.7 %) 3.00 (84.5 %)
Q4 2021 118.92 (2.9 %) 15.96 59.3 % (4.59) 61.8 %
Q1 2022 109.66 (11.3 %) 11.61 23.5 % (0.29) 88.0 %
Q2 2022 100.27 (11.3 %) 8.44 (17.5 %) (6.44) (339.0 %)
Q3 2022 104.69 (12.2 %) 7.38 (42.5 %) (9.04) (401.3 %)
Q4 2022 113.23 (4.8 %) 16.13 1.1 % (3.43) 25.2 %
Q1 2023 114.20 4.1 % 15.78 36.0 % 2.02 788.5 %
Q2 2023 117.37 17.1 % 18.38 117.8 % 3.56 155.3 %
Q3 2023 122.68 17.2 % 12.50 69.4 % (3.57) 60.5 %
Q4 2023 126.32 11.6 % 10.77 (33.2 %) (7.06) (105.9 %)
2023 480.57 12.4 % 57.43 33.1 % (5.05) 74.2 %
Q1 2024 124.30 8.8 % 15.01 (4.9 %) 4.16 106.3 %
Q2 2024 123.20 5.0 % 17.03 (7.3 %) 5.82 63.4 %
Q3 2024 119.78 (2.4 %) 16.27 30.1 % 4.62 229.4 %
Q4 2024 114.93 (9.0 %) 13.22 22.7 % 1.49 121.1 %
2024 482.21 0.3 % 61.53 7.1 % 16.10 418.4 %



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 0.40 (70.7 %) 0.00 - 0.40 0.00
Q2 2015 20.29 56.4 % 0.03 (16.01) 36.30 0.06
Q3 2015 18.01 (45.0 %) 0.03 - 18.01 0.03
Q4 2015 12.61 505.6 % 0.02 4.78 7.84 0.01
Q1 2016 15.33 3704.0 % 0.03 4.90 10.43 0.02
Q2 2016 10.73 (47.1 %) 0.02 3.60 7.13 0.01
Q3 2016 7.33 (59.3 %) 0.01 - 7.33 0.01
Q4 2016 (16.56) (231.3 %) (0.03) (12.87) (3.69) (0.01)
Q1 2017 9.29 (39.4 %) 0.02 (1.79) 11.08 0.02
Q2 2017 16.05 49.6 % 0.03 - 16.05 0.03
Q3 2017 14.82 102.1 % 0.03 - 14.82 0.03
Q4 2017 12.42 175.0 % 0.02 0.18 12.24 0.02
Q1 2018 3.95 (57.5 %) 0.01 - 3.95 0.01
Q2 2018 1.94 (87.9 %) 0.00 - 1.94 0.00
Q3 2018 3.73 (74.8 %) 0.01 - 3.73 0.01
Q4 2018 4.57 (63.2 %) 0.01 (1.05) 5.62 0.01
Q1 2019 1.94 (50.9 %) 0.00 - 1.94 0.00
Q2 2019 1.80 (7.3 %) 0.00 - 1.80 0.00
Q3 2019 2.07 (44.6 %) 0.00 - 2.07 0.00
Q4 2019 1.10 (75.9 %) 0.00 - 1.10 0.00
Q1 2020 (3.11) (260.7 %) (0.01) - (3.11) (0.01)
Q2 2020 (7.20) (500.6 %) (0.01) - (7.20) (0.01)
Q3 2020 9.16 343.8 % 0.02 - 9.16 0.02
Q4 2020 (10.47) (1051.0 %) (0.02) - (10.47) (0.02)
Q1 2021 (3.23) (3.6 %) (0.01) - (3.23) (0.01)
Q2 2021 3.36 146.6 % 0.01 - 3.36 0.01
Q3 2021 0.47 (94.9 %) 0.00 - 0.47 0.00
Q4 2021 (10.25) 2.1 % (0.02) - (10.25) (0.02)
Q1 2022 0.84 126.1 % 0.00 - 0.84 0.00
Q2 2022 (12.72) (479.1 %) (0.02) - (12.72) (0.02)
Q3 2022 (12.79) (2827.5 %) (0.02) - (12.79) (0.02)
Q4 2022 (6.16) 39.9 % (0.01) 2.96 (9.12) (0.02)
Q1 2023 0.06 (93.4 %) 0.00 1.79 (1.74) 0.00
Q2 2023 0.48 103.8 % 0.00 - 0.48 0.00
Q3 2023 (6.62) 48.2 % (0.01) - (6.62) (0.01)
Q4 2023 (7.80) (26.6 %) (0.01) - (7.80) (0.01)
2023 (13.89) 55.0 % (0.02) 1.79 (15.68) (0.03)
Q1 2024 1.60 2764.8 % 0.00 - 1.60 0.00
Q2 2024 (0.75) (255.3 %) 0.00 - (0.75) 0.00
Q3 2024 (0.79) 88.0 % 0.00 - (0.79) 0.00
Q4 2024 (56.61) (625.5 %) (0.09) (56.66) 0.05 0.00
2024 (56.56) (307.2 %) (0.09) (56.66) 0.11 0.00

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2015 41.19 % 42.65 % 24.44 %
Q2 2015 35.24 % 35.90 % 25.76 %
Q3 2015 24.49 % 25.51 % 13.29 %
Q4 2015 23.25 % 24.39 % 16.72 %
Q1 2016 23.00 % 23.01 % 15.35 %
Q2 2016 18.97 % 18.22 % 9.31 %
Q3 2016 17.93 % 16.18 % 7.27 %
Q4 2016 17.48 % 12.29 % 4.79 %
Q1 2017 17.75 % 12.55 % 4.90 %
Q2 2017 19.12 % 14.19 % 6.73 %
Q3 2017 20.43 % 15.48 % 8.08 %
Q4 2017 22.91 % 19.15 % 11.15 %
Q1 2018 21.20 % 17.30 % 9.46 %
Q2 2018 19.51 % 14.82 % 6.53 %
Q3 2018 17.95 % 13.08 % 4.32 %
Q4 2018 15.28 % 11.13 % 3.00 %
Q1 2019 15.48 % 11.13 % 2.68 %
Q2 2019 15.05 % 11.31 % 2.70 %
Q3 2019 14.24 % 11.10 % 2.42 %
Q4 2019 13.03 % 10.12 % 1.49 %
Q1 2020 12.64 % 8.71 % 0.41 %
Q2 2020 10.65 % 6.30 % (1.64 %)
Q3 2020 12.30 % 8.08 % (0.01 %)
Q4 2020 11.68 % 5.98 % (2.25 %)
Q1 2021 10.36 % 6.22 % (2.19 %)
Q2 2021 11.03 % 8.20 % (0.21 %)
Q3 2021 8.88 % 6.75 % (2.06 %)
Q4 2021 10.20 % 8.88 % (2.03 %)
Q1 2022 10.98 % 9.93 % (1.21 %)
Q2 2022 10.90 % 8.88 % (4.84 %)
Q3 2022 10.01 % 6.94 % (8.06 %)
Q4 2022 10.18 % 7.62 % (7.90 %)
Q1 2023 11.04 % 8.88 % (8.41 %)
Q2 2023 12.83 % 11.35 % (5.16 %)
Q3 2023 13.43 % 12.49 % (3.64 %)
Q4 2023 11.95 % 11.74 % (3.26 %)
Q1 2024 11.55 % 12.52 % (2.52 %)
Q2 2024 11.14 % 13.47 % (2.73 %)
Q3 2024 11.97 % 16.19 % (1.57 %)
Q4 2024 12.76 % 19.31 % 0.02 %
2024 12.76 % 19.31 % 0.02 %



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 584.96 0.07 0.05 0.42
Q2 2015 584.96 0.09 0.09 0.45
Q3 2015 584.96 0.06 0.06 0.46
Q4 2015 584.96 0.09 0.11 0.48
Q1 2016 584.96 0.11 0.12 0.50
Q2 2016 584.96 0.10 0.07 0.52
Q3 2016 584.96 0.08 0.06 0.52
Q4 2016 584.96 0.03 0.04 0.52
Q1 2017 584.96 0.02 0.04 0.54
Q2 2017 584.96 0.03 0.05 0.56
Q3 2017 584.96 0.04 0.07 0.58
Q4 2017 584.96 0.09 0.09 0.60
Q1 2018 584.96 0.08 0.08 0.61
Q2 2018 584.96 0.06 0.06 0.61
Q3 2018 584.96 0.04 0.04 0.62
Q4 2018 584.96 0.02 0.03 0.63
Q1 2019 584.96 0.02 0.02 0.64
Q2 2019 584.96 0.02 0.02 0.64
Q3 2019 584.96 0.02 0.02 0.64
Q4 2019 584.96 0.01 0.01 0.64
Q1 2020 584.96 0.00 0.00 0.63
Q2 2020 584.96 (0.01) (0.01) 0.62
Q3 2020 584.96 0.00 0.00 0.64
Q4 2020 584.96 (0.02) (0.02) 0.61
Q1 2021 584.96 (0.02) (0.02) 0.61
Q2 2021 584.96 0.00 0.00 0.61
Q3 2021 584.96 (0.02) (0.02) 0.61
Q4 2021 584.96 (0.02) (0.02) 0.39
Q1 2022 600.00 (0.01) (0.01) 0.87
Q2 2022 600.00 (0.04) (0.04) 0.81
Q3 2022 600.00 (0.06) (0.06) 0.79
Q4 2022 600.00 (0.05) (0.06) 0.78
Q1 2023 600.00 (0.05) (0.06) 0.77
Q2 2023 600.00 (0.03) (0.04) 0.77
Q3 2023 600.00 (0.02) (0.03) 0.76
Q4 2023 600.00 (0.02) (0.03) 0.76
Q1 2024 600.00 (0.02) (0.02) 0.76
Q2 2024 600.00 (0.02) (0.02) 0.76
Q3 2024 600.00 (0.01) (0.01) 0.76
Q4 2024 600.00 (0.09) 0.00 0.66

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2015 21.83 34.47 3.80
Q2 2015 32.11 31.97 6.19
Q3 2015 34.52 34.30 4.55
Q4 2015 31.17 25.57 5.72
Q1 2016 17.15 15.65 3.90
Q2 2016 20.65 26.96 3.86
Q3 2016 20.91 29.39 3.15
Q4 2016 More than 100 85.16 5.88
Q1 2017 More than 100 77.64 5.41
Q2 2017 More than 100 52.41 4.95
Q3 2017 79.70 49.16 5.52
Q4 2017 32.43 31.47 4.83
Q1 2018 36.59 36.73 4.84
Q2 2018 47.84 48.10 4.41
Q3 2018 61.64 62.14 3.75
Q4 2018 More than 100 94.07 3.86
Q1 2019 More than 100 More than 100 3.84
Q2 2019 More than 100 97.87 3.42
Q3 2019 More than 100 More than 100 3.26
Q4 2019 More than 100 More than 100 2.94
Q1 2020 More than 100 More than 100 2.18
Q2 2020 NEG NEG 2.39
Q3 2020 NEG NEG 3.31
Q4 2020 NEG NEG 3.66
Q1 2021 NEG NEG 4.06
Q2 2021 NEG NEG 4.26
Q3 2021 NEG NEG 4.65
Q4 2021 NEG NEG 6.52
Q1 2022 NEG NEG 2.62
Q2 2022 NEG NEG 3.03
Q3 2022 NEG NEG 3.06
Q4 2022 NEG NEG 3.05
Q1 2023 NEG NEG 3.08
Q2 2023 NEG NEG 3.19
Q3 2023 NEG NEG 2.81
Q4 2023 NEG NEG 2.79
Q1 2024 NEG NEG 3.11
Q2 2024 NEG NEG 4.21
Q3 2024 NEG NEG 5.05
Q4 2024 NEG More than 100 5.53

Business Segments (Million)

Compared With The
Period Security guard sector Transport sector ATM feeding sector Facility Management Sector Smart Parks Insured money transfer sector Real Estate department Supply of Medical Equipment communication and information technology Home Medical Services and Physiotherapy Counting and postal sector Other activities
Q1 2016 34.70 15.27 40.71 - - 18.94 - - - - 3.20 -
Q2 2016 30.97 19.52 39.87 - - 16.99 - - - - 2.15 -
Q3 2016 30.88 15.61 42.31 - - 18.77 - - - - 2.20 -
Q4 2016 29.85 12.83 46.67 - - 18.47 - - - - 2.21 -
Q1 2017 32.94 13.37 47.70 - - 19.14 - - - - 2.97 -
Q2 2017 33.27 14.66 49.49 - - 20.50 - - - - 3.16 -
Q3 2017 38.44 13.58 50.65 0.47 - 19.80 - - - - 3.02 -
Q4 2017 40.07 13.57 47.96 0.47 - 17.80 - - - - 2.97 -
Q1 2018 48.31 12.38 47.36 0.38 - 19.01 - - - - - -
Q2 2018 49.30 13.62 42.31 0.41 - 22.48 - - - - - -
Q3 2018 52.07 15.53 40.78 0.76 - 18.44 - - - - - -
Q4 2018 53.79 15.70 37.60 0.68 - 16.71 - - - - - -
Q1 2019 50.00 14.89 32.43 0.64 - 15.76 0.36 - - - - -
Q2 2019 51.71 17.47 30.76 0.89 - 16.54 0.39 - - - - -
Q3 2019 50.16 17.28 30.10 1.55 - 16.25 0.41 - - - - -
Q4 2019 57.24 15.80 26.59 0.76 - 15.54 2.30 - - - - (1.87)
Q1 2020 42.66 15.45 32.27 1.57 - 14.19 0.88 - - - - (1.34)
Q2 2020 35.70 17.07 32.49 (0.49) - 11.89 0.01 - - - - -
Q3 2020 41.58 16.63 31.44 1.12 - 13.80 0.42 85.76 - - - -
Q4 2020 40.31 16.83 33.24 5.16 19.88 14.60 2.39 (3.40) - - - (6.52)
Q1 2021 41.24 17.28 33.65 3.44 15.66 14.01 0.98 - - - - (2.62)
Q2 2021 39.50 18.23 32.04 4.39 6.30 14.61 0.98 - - - - (3.63)
Q3 2021 39.73 16.18 32.44 5.81 11.03 15.65 0.98 - - 0.46 - (3.09)
Q4 2021 38.59 16.41 32.09 9.17 8.13 14.26 1.01 - - 0.41 - (1.15)
Q1 2022 32.92 19.33 27.36 8.88 11.60 11.40 0.97 - - 0.43 - (3.23)
Q2 2022 23.40 23.28 20.42 10.16 12.84 9.99 0.97 - - 0.28 - (1.43)
Q3 2022 25.36 22.73 18.40 11.03 16.07 11.69 0.97 - - 0.21 - (1.78)
Q4 2022 29.35 23.92 19.17 11.15 15.89 11.95 0.97 - 1.22 - - (0.39)
Q1 2023 33.45 25.04 19.61 11.78 13.52 11.78 1.03 - - - - (2.01)
Q2 2023 29.76 27.73 20.37 11.39 16.30 12.68 1.37 - - - - (2.24)
Q3 2023 33.34 28.66 21.02 12.20 15.45 12.65 1.51 - - - - (2.16)
Q4 2023 31.42 31.47 21.72 12.38 17.77 12.28 1.52 - - - - (2.24)
Q1 2024 22.19 39.92 19.19 11.92 18.89 12.49 1.60 - - - - (1.90)
Q2 2024 20.73 39.25 18.88 12.38 19.39 12.66 1.60 - - - - (1.68)
Q3 2024 18.69 36.10 17.34 12.95 23.77 11.62 1.60 - - - - (2.29)
Q4 2024 14.86 36.67 17.08 13.21 24.08 11.76 1.64 - - - - (4.37)

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