Almajed Oud profit grows 6% to SAR 157M in 2024; Q4 at SAR 15M

Almajed Oud profit grows 6% to SAR 157M in 2024; Q4 at SAR 15M

06/03/2025 Argaam Exclusive

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Almajed Oud Co. reported a net profit of SAR 157 million in 2024, marking a 6% growth from SAR 148.7 million a year earlier.



Financials (M)

Item 2023 2024 Change‬
Revenues 772.46 926.00 19.9 %
Gross Income 512.87 609.70 18.9 %
Operating Income 163.69 178.51 9.1 %
Net Income 148.68 156.96 5.6 %
Average Shares 25.00 25.00 -
Earnings Per Share before unusual items 6.13 6.28 2.4 %
EPS (Riyals) 5.95 6.28 5.6 %

The increase in profit was driven by higher sales due to geographical expansions, new stores, increased spending on marketing campaigns, launch of new products and a growth in e-commerce sales.



Current Quarter Comparison (M)

Compared With The
Item Q4 2023 Q4 2024 Change‬
Revenues 227.66 242.26 6.4 %
Gross Income 146.47 146.89 0.3 %
Operating Income 38.65 23.12 (40.2 %)
Net Income 33.58 15.03 (55.2 %)
Average Shares 25.00 25.00 -
Earnings Per Share before unusual items 1.52 0.60 (60.6 %)
EPS (Riyals) 1.34 0.60 (55.2 %)

Q4 2024 net earnings dropped 55% to SAR 15 million from SAR 33.5 million in the year-earlier period.

 

On a sequential basis, net profit slumped 33% from SAR 22.4 million in Q3 2024.

 

Total shareholders’ equity, no minority interest, stood at SAR 468.18 million by Dec. 31, 2024, compared to SAR 377.26 million a year earlier.



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 - - - - - -
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 - - - - - -
Q1 2023 30.03 - 1.20 - 30.03 1.20
Q2 2023 70.99 - 2.84 - 70.99 2.84
Q3 2023 14.07 - 0.56 - 14.07 0.56
Q4 2023 33.58 - 1.34 (4.53) 38.11 1.52
Q1 2024 64.03 113.2 % 2.56 - 64.03 2.56
Q2 2024 55.47 (21.9 %) 2.22 - 55.47 2.22
Q3 2024 22.42 59.3 % 0.90 - 22.42 0.90
Q4 2024 15.03 (55.2 %) 0.60 - 15.03 0.60
2024 156.96 5.6 % 6.28 - 156.96 6.28


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
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 - - - - - -
Q1 2023 180.62 - 116.15 - 35.22 -
Q2 2023 243.19 - 162.37 - 73.81 -
Q3 2023 120.99 - 87.88 - 16.02 -
Q4 2023 227.66 - 146.47 - 38.65 -
Q1 2024 256.08 41.8 % 172.51 48.5 % 68.39 94.2 %
Q2 2024 257.04 5.7 % 172.39 6.2 % 58.96 (20.1 %)
Q3 2024 170.62 41.0 % 117.90 34.2 % 28.05 75.1 %
Q4 2024 242.26 6.4 % 146.89 0.3 % 23.12 (40.2 %)
2024 926.00 19.9 % 609.70 18.9 % 178.51 9.1 %

Profitability

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 - - -
Q4 2021 - - -
Q1 2022 - - -
Q2 2022 - - -
Q3 2022 - - -
Q4 2022 - - -
Q1 2023 - - -
Q2 2023 - - -
Q3 2023 - - -
Q4 2023 66.39 % 34.98 % 19.83 %
Q1 2024 67.13 % 35.71 % 22.08 %
Q2 2024 67.22 % 34.21 % 19.92 %
Q3 2024 66.85 % 34.10 % 19.75 %
Q4 2024 65.84 % - 16.95 %
2024 65.84 % - 16.95 %


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 - - - -
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 - - - -
Q1 2023 25.00 - - 13.65
Q2 2023 25.00 - - 16.48
Q3 2023 25.00 - - 15.72
Q4 2023 25.00 5.95 6.13 15.09
Q1 2024 25.00 7.31 7.49 19.72
Q2 2024 25.00 6.69 6.87 14.90
Q3 2024 25.00 7.02 7.20 17.77
Q4 2024 25.00 6.28 6.28 18.73

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 - - -
Q1 2023 - - -
Q2 2023 - - -
Q3 2023 - - -
Q4 2023 - - -
Q1 2024 - - -
Q2 2024 - - -
Q3 2024 - - -
Q4 2024 23.25 23.25 7.80

Business Segments (Million)

Compared With The
Period perfumes Oud incense oils gifts others

Analysts Estimates (Million)

Item Q4 2024 (e) Q4 2024 (a) Change‬
Average 45.40 15.03 (66.9 %)

Estimates vs Actual (Million)

Item Q4 2024 (e) Q4 2024 (a) Change
AlJazira Capital 45.40 15.03 (66.9) %

Current
Market Cap (M Riyal) 3,325.00
Enterprise Value (EV) (M) 3,281.76
Shares Outstanding ((M)) 25.00
EPS ( Riyal) (TTM) 6.28
Book Value (BV) ( Riyal) 18.73
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 21.18
P/E (TTM) 21.18
Price/book 7.10
Return on Average Assets (%) (TTM) 20.6
Return on Average Equity (%) (TTM) 25.4

Share Price

133.00
3.00 2.31 %

Al Majed Oud Co. (ALMAJED OUD)


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