Americana profit falls 39% to SAR 595.3M in 2024; Q4 at SAR 155.2M

12/02/2025 Argaam Exclusive

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Americana Restaurants International PLC reported a net profit of SAR 595.3 million for 2024, a decline of 39% from SAR 973 million in the year earlier period.

Financials (M)

Item	2023	2024	Change‬
Revenues	9,049.25	8,237.82	(9.0 %)
Gross Income	4,730.85	4,377.73	(7.5 %)
Operating Income	1,087.74	738.20	(32.1 %)
Net Income	973.00	595.35	(38.8 %)
Average Shares	8,423.63	8,423.63	-
Earnings Per Share before unusual items	0.12	0.08	(34.9 %)
EPS (Halala)	11.55	7.07	(38.8 %)

This was driven by lower adjusted EBITDA, increased depreciation charges on new store openings and corporate tax implementation in the UAE.

Revenue decreased by 9%, on reduced year-on-year (YoY) sales due to the regional geopolitical conditions and weaker consumer demand in some markets, along with unfavorable foreign exchange movements.

The company registered a sequential recovery throughout the year, bolstered by strategic initiatives aimed at elevating consumer engagement through product innovation, and promotional activities.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2023	Q4 2024	Change‬
Revenues	1,935.41	2,208.59	14.1 %
Gross Income	1,013.24	1,182.65	16.7 %
Operating Income	149.67	227.50	52.0 %
Net Income	122.88	155.17	26.3 %
Average Shares	8,423.63	8,423.63	-
Earnings Per Share before unusual items	0.02	0.02	47.6 %
EPS (Halala)	1.46	1.84	26.3 %

Item	Q3 2024	Q4 2024	Change‬
Revenues	2,081.36	2,208.59	6.1 %
Gross Income	1,112.68	1,182.65	6.3 %
Operating Income	177.42	227.50	28.2 %
Net Income	140.33	155.17	10.6 %
Average Shares	8,423.63	8,423.63	-
Earnings Per Share before unusual items	0.02	0.02	44.3 %
EPS (Halala)	1.67	1.84	10.6 %

Q4 2024 net profit jumped 26% to SAR 155.2 million from SAR 122.9 million in the year-earlier period.

On a sequential basis, net earnings increased 10.6% from SAR 140.3 million in Q3 2024.

Total shareholders’ equity, after minority interest, stood at SAR 1.47 billion by Dec. 31, 2024, compared to SAR 1.64 billion a year earlier.

Attached Documents

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Profit Performance (Million)

Period	Net Income	Change	EPS(Halala)	Extraordinary Income/Expense	Net Profit Before Unusual Items	Earnings Per Share before unusual items
Q1 2015	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-
2015	-	-	-	-	-	-
Q1 2016	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-
2016	-	-	-	-	-	-
Q1 2017	-	-	-	-	-	-
Q2 2017	-	-	-	-	-	-
Q3 2017	-	-	-	-	-	-
Q4 2017	-	-	-	-	-	-
2017	-	-	-	-	-	-
Q1 2018	-	-	-	-	-	-
Q2 2018	-	-	-	-	-	-
Q3 2018	-	-	-	-	-	-
Q4 2018	-	-	-	-	-	-
2018	-	-	-	-	-	-
Q1 2019	-	-	-	-	-	-
Q2 2019	-	-	-	-	-	-
Q3 2019	-	-	-	-	-	-
Q4 2019	-	-	-	-	-	-
2019	566.51	-	6.73	-	566.51	0.07
Q1 2020	-	-	-	-	-	-
Q2 2020	-	-	-	-	-	-
Q3 2020	-	-	-	-	-	-
Q4 2020	-	-	-	-	-	-
2020	303.10	(46.5 %)	3.60	-	303.10	0.04
Q1 2021	-	-	-	-	-	-
Q2 2021	-	-	-	-	-	-
Q3 2021	229.59	-	2.73	-	229.59	0.03
Q4 2021	185.13	-	2.20	-	185.13	0.02
2021	764.69	152.3 %	9.08	-	764.69	0.09
Q1 2022	269.90	-	3.20	-	269.90	0.03
Q2 2022	184.85	-	2.19	(95.56)	280.41	0.03
Q3 2022	279.56	21.8 %	3.32	2.18	277.38	0.03
Q4 2022	237.79	28.4 %	2.82	8.87	228.92	0.03
2022	972.10	27.1 %	11.54	(84.50)	1,056.60	0.13
Q1 2023	217.98	(19.2 %)	2.59	-	217.98	0.03
Q2 2023	324.89	75.8 %	3.86	-	324.89	0.04
Q3 2023	307.24	9.9 %	3.65	-	307.24	0.04
Q4 2023	122.88	(48.3 %)	1.46	(14.32)	137.21	0.02
2023	973.00	0.1 %	11.55	(14.32)	987.32	0.12
Q1 2024	105.09	(51.8 %)	1.25	-	105.09	0.01
Q2 2024	194.76	(40.1 %)	2.31	-	194.76	0.02
Q3 2024	140.33	(54.3 %)	1.67	-	140.33	0.02
Q4 2024	155.17	26.3 %	1.84	(47.37)	202.53	0.02
2024	595.35	(38.8 %)	7.07	(47.37)	642.71	0.08

Period	Net Income	Change	EPS(Halala)	Extraordinary Income/Expense	Net Profit Before Unusual Items	Earnings Per Share before unusual items
2015	-	-	-	-	-	-
2016	-	-	-	-	-	-
2017	-	-	-	-	-	-
2018	-	-	-	-	-	-
2019	566.51	-	6.73	-	566.51	0.07
2020	303.10	(46.5 %)	3.60	-	303.10	0.04
2021	764.69	152.3 %	9.08	-	764.69	0.09
2022	972.10	27.1 %	11.54	(84.50)	1,056.60	0.13
2023	973.00	0.1 %	11.55	(14.32)	987.32	0.12
2024	595.35	(38.8 %)	7.07	(47.37)	642.71	0.08

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2015	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-
2015	-	-	-	-	-	-
Q1 2016	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-
2016	-	-	-	-	-	-
Q1 2017	-	-	-	-	-	-
Q2 2017	-	-	-	-	-	-
Q3 2017	-	-	-	-	-	-
Q4 2017	-	-	-	-	-	-
2017	-	-	-	-	-	-
Q1 2018	-	-	-	-	-	-
Q2 2018	-	-	-	-	-	-
Q3 2018	-	-	-	-	-	-
Q4 2018	-	-	-	-	-	-
2018	-	-	-	-	-	-
Q1 2019	-	-	-	-	-	-
Q2 2019	-	-	-	-	-	-
Q3 2019	-	-	-	-	-	-
Q4 2019	-	-	-	-	-	-
2019	7,088.32	-	3,702.74	-	660.26	-
Q1 2020	-	-	-	-	-	-
Q2 2020	-	-	-	-	-	-
Q3 2020	-	-	-	-	-	-
Q4 2020	-	-	-	-	-	-
2020	5,916.73	(16.5 %)	3,014.78	(18.6 %)	166.01	(74.9 %)
Q1 2021	-	-	-	-	-	-
Q2 2021	-	-	-	-	-	-
Q3 2021	2,024.14	-	1,075.61	-	247.35	-
Q4 2021	2,039.35	-	1,069.89	-	229.19	-
2021	7,694.05	30.0 %	4,055.24	34.5 %	841.98	407.2 %
Q1 2022	2,165.91	-	1,159.59	-	300.49	-
Q2 2022	2,153.82	-	1,112.19	-	272.68	-
Q3 2022	2,321.66	14.7 %	1,177.89	9.5 %	282.43	14.2 %
Q4 2022	2,278.16	11.7 %	1,163.10	8.7 %	261.48	14.1 %
2022	8,919.55	15.9 %	4,612.77	13.7 %	1,117.08	32.7 %
Q1 2023	2,210.34	2.1 %	1,127.01	(2.8 %)	249.28	(17.0 %)
Q2 2023	2,445.23	13.5 %	1,292.49	16.2 %	361.27	32.5 %
Q3 2023	2,458.28	5.9 %	1,298.11	10.2 %	327.51	16.0 %
Q4 2023	1,935.41	(15.0 %)	1,013.24	(12.9 %)	149.67	(42.8 %)
2023	9,049.25	1.5 %	4,730.85	2.6 %	1,087.74	(2.6 %)
Q1 2024	1,850.64	(16.3 %)	953.28	(15.4 %)	127.86	(48.7 %)
Q2 2024	2,097.23	(14.2 %)	1,129.13	(12.6 %)	216.66	(40.0 %)
Q3 2024	2,081.36	(15.3 %)	1,112.68	(14.3 %)	177.42	(45.8 %)
Q4 2024	2,208.59	14.1 %	1,182.65	16.7 %	227.50	52.0 %
2024	8,237.82	(9.0 %)	4,377.73	(7.5 %)	738.20	(32.1 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2015	-	-	-	-	-	-
2016	-	-	-	-	-	-
2017	-	-	-	-	-	-
2018	-	-	-	-	-	-
2019	7,088.32	-	3,702.74	-	660.26	-
2020	5,916.73	(16.5 %)	3,014.78	(18.6 %)	166.01	(74.9 %)
2021	7,694.05	30.0 %	4,055.24	34.5 %	841.98	407.2 %
2022	8,919.55	15.9 %	4,612.77	13.7 %	1,117.08	32.7 %
2023	9,049.25	1.5 %	4,730.85	2.6 %	1,087.74	(2.6 %)
2024	8,237.82	(9.0 %)	4,377.73	(7.5 %)	738.20	(32.1 %)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
2015	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
2016	-	-	-
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	-	-	-
2017	-	-	-
Q1 2018	-	-	-
Q2 2018	-	-	-
Q3 2018	-	-	-
Q4 2018	-	-	-
2018	-	-	-
Q1 2019	-	-	-
Q2 2019	-	-	-
Q3 2019	-	-	-
Q4 2019	-	-	-
2019	52.24 %	20.96 %	7.99 %
Q1 2020	-	-	-
Q2 2020	-	-	-
Q3 2020	-	-	-
Q4 2020	-	-	-
2020	50.95 %	16.42 %	5.12 %
Q1 2021	-	-	-
Q2 2021	-	-	-
Q3 2021	-	-	-
Q4 2021	-	-	-
2021	52.71 %	21.11 %	9.94 %
Q1 2022	-	-	-
Q2 2022	52.69 %	21.88 %	11.51 %
Q3 2022	52.06 %	21.82 %	11.67 %
Q4 2022	51.72 %	21.76 %	11.85 %
2022	51.72 %	21.76 %	11.85 %
Q1 2023	51.10 %	21.46 %	11.21 %
Q2 2023	51.43 %	22.16 %	11.34 %
Q3 2023	51.97 %	22.54 %	11.49 %
Q4 2023	52.28 %	22.48 %	10.91 %
2023	52.28 %	22.48 %	10.91 %
Q1 2024	52.44 %	22.45 %	10.06 %
Q2 2024	52.67 %	21.88 %	8.92 %
Q3 2024	52.84 %	21.26 %	7.25 %
Q4 2024	53.14 %	21.76 %	7.80 %
2024	53.14 %	21.62 %	7.80 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	52.24 %	20.96 %	7.99 %
2020	50.95 %	16.42 %	5.12 %
2021	52.71 %	21.11 %	9.94 %
2022	51.72 %	21.76 %	11.85 %
2023	52.28 %	22.48 %	10.91 %
2024	53.14 %	21.62 %	7.80 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	-	-	-
Q1 2018	-	-	-
Q2 2018	-	-	-
Q3 2018	-	-	-
Q4 2018	-	-	-
Q1 2019	-	-	-
Q2 2019	-	-	-
Q3 2019	-	-	-
Q4 2019	-	-	-
Q1 2020	-	-	-
Q2 2020	-	-	-
Q3 2020	-	-	-
Q4 2020	-	-	-
Q1 2021	-	-	-
Q2 2021	-	-	-
Q3 2021	53.14 %	21.87 %	11.34 %
Q4 2021	52.46 %	21.28 %	9.08 %
Q1 2022	53.54 %	22.61 %	12.46 %
Q2 2022	51.64 %	21.72 %	13.02 %
Q3 2022	50.73 %	21.65 %	11.95 %
Q4 2022	51.05 %	21.10 %	10.05 %
Q1 2023	50.99 %	21.38 %	9.86 %
Q2 2023	52.86 %	24.33 %	13.29 %
Q3 2023	52.81 %	23.15 %	12.50 %
Q4 2023	52.35 %	20.56 %	7.09 %
Q1 2024	51.51 %	20.98 %	5.68 %
Q2 2024	53.84 %	22.41 %	9.29 %
Q3 2024	53.46 %	20.99 %	6.74 %
Q4 2024	53.55 %	22.52 %	9.17 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Halala)	Earnings Per Share before unusual items (Halala)	Book Value (BV)
Q1 2015	-	-	-	-
Q2 2015	-	-	-	-
Q3 2015	-	-	-	-
Q4 2015	-	-	-	-
Q1 2016	-	-	-	-
Q2 2016	-	-	-	-
Q3 2016	-	-	-	-
Q4 2016	-	-	-	-
Q1 2017	-	-	-	-
Q2 2017	-	-	-	-
Q3 2017	-	-	-	-
Q4 2017	-	-	-	-
Q1 2018	-	-	-	-
Q2 2018	-	-	-	-
Q3 2018	-	-	-	-
Q4 2018	-	-	-	-
Q1 2019	-	-	-	-
Q2 2019	-	-	-	-
Q3 2019	-	-	-	-
Q4 2019	-	-	-	-
Q1 2020	-	-	-	-
Q2 2020	-	-	-	-
Q3 2020	-	-	-	-
Q4 2020	-	-	-	-
Q1 2021	-	-	-	-
Q2 2021	-	-	-	-
Q3 2021	8,423.63	-	-	0.05
Q4 2021	8,423.63	-	-	0.06
Q1 2022	8,423.63	-	-	0.04
Q2 2022	8,423.63	10.32	11.46	0.06
Q3 2022	8,423.63	10.92	12.02	0.10
Q4 2022	8,423.63	11.54	12.54	0.13
Q1 2023	8,423.63	10.92	11.93	0.10
Q2 2023	8,423.63	12.59	12.46	0.15
Q3 2023	8,423.63	12.91	12.81	0.18
Q4 2023	8,423.63	11.55	11.72	0.20
Q1 2024	8,423.63	10.21	10.38	0.21
Q2 2024	8,423.63	8.67	8.84	0.15
Q3 2024	8,423.63	6.68	6.85	0.16
Q4 2024	8,423.63	7.07	7.63	0.18

Period	Shares Outstanding (M)	EPS (Halala)	Earnings Per Share before unusual items (Halala)	Book Value (BV)
2015	-	-	-	-
2016	-	-	-	-
2017	-	-	-	-
2018	-	-	-	-
2019	8,423.63	6.73	6.73	0.05
2020	8,423.63	3.60	3.60	0.03
2021	8,423.63	9.08	9.08	0.06
2022	8,423.63	11.54	12.54	0.13
2023	8,423.63	11.55	11.72	0.20
2024	8,423.63	7.07	7.63	0.18

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	-	-	-
Q1 2018	-	-	-
Q2 2018	-	-	-
Q3 2018	-	-	-
Q4 2018	-	-	-
Q1 2019	-	-	-
Q2 2019	-	-	-
Q3 2019	-	-	-
Q4 2019	-	-	-
Q1 2020	-	-	-
Q2 2020	-	-	-
Q3 2020	-	-	-
Q4 2020	-	-	-
Q1 2021	-	-	-
Q2 2021	-	-	-
Q3 2021	-	-	-
Q4 2021	-	-	-
Q1 2022	-	-	-
Q2 2022	-	-	-
Q3 2022	-	-	-
Q4 2022	26.43	24.32	24.08
Q1 2023	36.98	33.87	38.54
Q2 2023	34.08	34.44	29.57
Q3 2023	32.44	32.71	23.19
Q4 2023	27.96	27.56	16.51
Q1 2024	32.61	32.08	16.16
Q2 2024	36.58	35.88	21.34
Q3 2024	40.99	39.97	16.91
Q4 2024	32.26	29.88	12.98

Period	P/E	Adjusted P/E	Price/book
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	-	-	-
2020	-	-	-
2021	-	-	-
2022	26.43	24.32	24.08
2023	27.96	27.56	16.51
2024	32.26	29.88	12.98

Business Segments (Million)

Compared With The

Period	Food and Beverages	Real Estate Rental Revenues	Other Revenues
Q1 2022	2,162.51	3.41	-
Q2 2022	2,149.95	3.87	-
Q3 2022	2,318.34	3.32	-
Q4 2022	2,275.22	2.94	-
Q1 2023	2,208.11	2.23	-
Q2 2023	2,442.97	2.26	-
Q3 2023	2,455.77	2.51	-
Q4 2023	1,923.74	2.51	9.16
Q1 2024	1,840.04	2.21	8.39
Q2 2024	2,085.55	1.77	9.91
Q3 2024	2,073.29	1.67	6.41
Q4 2024	2,203.72	1.26	3.61

Period	Food and Beverages	Real Estate Rental Revenues	Other Revenues
2022	8,906.01	13.54	-
2023	9,030.59	9.51	9.15
2024	8,212.34	6.91	18.56

Analysts Estimates (Million)

Item	Q4 2024 (e)	Q4 2024 (a)	Change‬
Average	147.78	202.53	37.05 %

Estimates vs Actual (Million)

Item	Q4 2024 (e)	Q4 2024 (a)	Change
GIB Capital	165.44	202.53	18.3 %
SNB Capital	150.38	202.53	25.8 %
AlJazira Capital	140.30	202.53	30.7 %
United Securities Company	135.00	202.53	33.3 %

Financial Ratios

	Current
Market Cap (M Riyal)	21,648.73
Enterprise Value (EV) (M)	20,555.68
Shares Outstanding ((M))	8,423.63
EPS (Halala) (TTM)	7.07
Book Value (BV) ( Riyal)	0.18
Par Value ( Halala)	7.50
Adjusted P/E (Last12)	33.68
P/E (TTM)	36.36
Price/book	14.64
Return on Average Assets (%) (TTM)	10.4
Return on Average Equity (%) (TTM)	16.3

Americana Restaurants International PLC - Foreign Company (AMERICANA)

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Americana profit falls 39% to SAR 595.3M in 2024; Q4 at SAR 155.2M

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Financials (M)

Current Quarter Comparison (M)

Profit Performance (Million)

Profit Performance (Million)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2024 Q4

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Americana Restaurants International PLC - Foreign Company (AMERICANA)

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Americana profit falls 39% to SAR 595.3M in 2024; Q4 at SAR 155.2M

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Financials (M)

Current Quarter Comparison (M)

Profit Performance (Million)

Profit Performance (Million)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q4 2024

Revenue by Business Segment (Latest) 2024 Q4

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Americana Restaurants International PLC - Foreign Company (AMERICANA)

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Business Segments (Million)