Shaker 2024 profit surges 25% to SAR 81.6M; Q4 at SAR 15.2M

18/02/2025 Argaam Exclusive

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Al Hassan Ghazi Ibrahim Shaker Co. (Shaker) reported a 25% profit increase to SAR 81.6 million by the end of 2024, from SAR 65.4 million in 2023.

Financials (M)

Item	2023	2024	Change‬
Revenues	1,236.24	1,415.91	14.5 %
Gross Income	317.76	346.52	9.1 %
Operating Income	86.96	75.60	(13.1 %)
Net Income	65.43	81.59	24.7 %
Average Shares	55.50	55.50	-
Earnings Per Share before unusual items	1.18	1.47	24.7 %
EPS (Riyals)	1.18	1.47	24.7 %

The annual profit hike was driven by a 14.53% year-on-year (YoY) revenue rise to SAR 1.41 billion in 2024, supported by growth in the heating, ventilation, and air conditioning (HVAC) solutions segment across corporate and retail sales by 31.73%, which helped offset the decline in the home appliances segment by 18.05%.

This is in addition to lower financing costs and Zakat expenses, paired with the elevated share of profits from the LG-Shaker joint venture (JV).

This came despite the 7.83% YoY drop in operating profit to SAR 82.17 million in 2024, compared to SAR 89.15 million in the year before, given the company’s strategic investments in recruitment and higher impairment losses on trade and other receivables.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2023	Q4 2024	Change‬
Revenues	259.56	298.91	15.2 %
Gross Income	75.06	76.72	2.2 %
Operating Income	21.33	11.75	(44.9 %)
Net Income	4.00	15.17	279.6 %
Average Shares	55.50	55.50	-
Earnings Per Share before unusual items	0.07	0.27	279.6 %
EPS (Riyals)	0.07	0.27	279.6 %

Item	Q3 2024	Q4 2024	Change‬
Revenues	358.62	298.91	(16.6 %)
Gross Income	88.85	76.72	(13.7 %)
Operating Income	21.43	11.75	(45.2 %)
Net Income	17.72	15.17	(14.4 %)
Average Shares	55.50	55.50	-
Earnings Per Share before unusual items	0.32	0.27	(14.4 %)
EPS (Riyals)	0.32	0.27	(14.4 %)

In Q4 2024, the company’s net profit jumped by more than fourfold to SAR 15.17 million, from SAR 4 million in the prior-year period.

Sequentially, however, net earnings declined by 14.4% from SAR 17.72 million in Q3 2024.

Total shareholders’ equity, no minority interest, rose to SAR 798.16 million by the end of 2024, compared to SAR 717.72 million a year earlier.

Attached document:

View More Financial Results

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	26.16	26.9 %	0.47	(0.86)	27.01	0.49
Q2 2015	82.01	(78.6 %)	1.48	-	82.01	1.48
Q3 2015	46.22	5.6 %	0.83	-	46.22	0.83
Q4 2015	(17.84)	(79.4 %)	(0.32)	-	(17.84)	(0.32)
2015	136.54	(68.7 %)	2.46	(0.86)	137.39	2.48
Q1 2016	27.98	7.0 %	0.50	-	27.98	0.50
Q2 2016	47.00	(42.7 %)	0.85	2.80	44.20	0.80
Q3 2016	4.04	(91.3 %)	0.07	-	4.04	0.07
Q4 2016	(30.21)	(69.3 %)	(0.54)	-	(30.21)	(0.54)
2016	48.82	(64.2 %)	0.88	2.80	46.02	0.83
Q1 2017	(14.89)	(153.2 %)	(0.27)	-	(14.89)	(0.27)
Q2 2017	(21.09)	(144.9 %)	(0.38)	-	(21.09)	(0.38)
Q3 2017	(49.17)	(1317.4 %)	(0.89)	-	(49.17)	(0.89)
Q4 2017	(85.88)	(184.3 %)	(1.55)	-	(85.88)	(1.55)
2017	(171.04)	(450.4 %)	(3.08)	-	(171.04)	(3.08)
Q1 2018	(20.55)	(38.0 %)	(0.37)	-	(20.55)	(0.37)
Q2 2018	(36.65)	(73.7 %)	(0.66)	-	(36.65)	(0.66)
Q3 2018	(44.92)	8.6 %	(0.81)	-	(44.92)	(0.81)
Q4 2018	(94.42)	(9.9 %)	(1.70)	(30.28)	(64.14)	(1.16)
2018	(196.54)	(14.9 %)	(3.54)	(30.28)	(166.26)	(3.00)
Q1 2019	(27.39)	(33.2 %)	(0.49)	-	(27.39)	(0.49)
Q2 2019	(8.96)	75.5 %	(0.16)	-	(8.96)	(0.16)
Q3 2019	(6.05)	86.5 %	(0.11)	-	(6.05)	(0.11)
Q4 2019	(7.39)	92.2 %	(0.13)	-	(7.39)	(0.13)
2019	(49.79)	74.7 %	(0.90)	-	(49.79)	(0.90)
Q1 2020	(2.93)	89.3 %	(0.05)	-	(2.93)	(0.05)
Q2 2020	7.62	185.0 %	0.14	-	7.62	0.14
Q3 2020	3.59	159.3 %	0.06	-	3.59	0.06
Q4 2020	(0.85)	88.5 %	(0.02)	13.43	(14.28)	(0.26)
2020	7.43	114.9 %	0.13	13.43	(6.00)	(0.11)
Q1 2021	6.32	315.9 %	0.11	-	6.32	0.11
Q2 2021	8.76	14.9 %	0.16	-	8.76	0.16
Q3 2021	12.03	235.6 %	0.22	-	12.03	0.22
Q4 2021	0.32	137.3 %	0.01	-	0.32	0.01
2021	27.42	269.3 %	0.49	-	27.42	0.49
Q1 2022	14.76	133.6 %	0.27	-	14.76	0.27
Q2 2022	11.65	33.1 %	0.21	-	11.65	0.21
Q3 2022	8.52	(29.2 %)	0.15	-	8.52	0.15
Q4 2022	(2.11)	(764.0 %)	(0.04)	1.07	(3.18)	(0.06)
2022	32.83	19.7 %	0.59	1.07	31.76	0.57
Q1 2023	28.77	94.9 %	0.52	-	28.77	0.52
Q2 2023	15.89	36.3 %	0.29	-	15.89	0.29
Q3 2023	16.77	96.8 %	0.30	-	16.77	0.30
Q4 2023	4.00	289.9 %	0.07	-	4.00	0.07
2023	65.43	99.3 %	1.18	-	65.43	1.18
Q1 2024	32.25	12.1 %	0.58	-	32.25	0.58
Q2 2024	16.45	3.5 %	0.30	-	16.45	0.30
Q3 2024	17.72	5.6 %	0.32	-	17.72	0.32
Q4 2024	15.17	279.6 %	0.27	-	15.17	0.27
2024	81.59	24.7 %	1.47	-	81.59	1.47

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	Earnings Per Share before unusual items
2015	136.54	(68.7 %)	2.46	(0.86)	137.39	2.48
2016	48.82	(64.2 %)	0.88	2.80	46.02	0.83
2017	(171.04)	(450.4 %)	(3.08)	-	(171.04)	(3.08)
2018	(196.54)	(14.9 %)	(3.54)	(30.28)	(166.26)	(3.00)
2019	(49.79)	74.7 %	(0.90)	-	(49.79)	(0.90)
2020	7.43	114.9 %	0.13	13.43	(6.00)	(0.11)
2021	27.42	269.3 %	0.49	-	27.42	0.49
2022	32.83	19.7 %	0.59	1.07	31.76	0.57
2023	65.43	99.3 %	1.18	-	65.43	1.18
2024	81.59	24.7 %	1.47	-	81.59	1.47

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2015	426.44	36.6 %	98.32	40.4 %	24.51	70.1 %
Q2 2015	643.25	32.8 %	160.77	22.3 %	61.59	4.8 %
Q3 2015	442.12	8.4 %	115.78	4.5 %	27.60	(29.9 %)
Q4 2015	374.72	6.4 %	60.00	(18.6 %)	(22.24)	(850.9 %)
2015	1,886.53	21.2 %	434.86	12.7 %	91.45	(17.0 %)
Q1 2016	395.07	(7.4 %)	98.66	0.3 %	22.63	(7.6 %)
Q2 2016	533.76	(17.0 %)	135.40	(15.8 %)	37.88	(38.5 %)
Q3 2016	401.38	(9.2 %)	94.41	(18.5 %)	14.04	(49.1 %)
Q4 2016	324.20	(13.5 %)	60.46	0.8 %	(19.37)	12.9 %
2016	1,654.41	(12.3 %)	388.93	(10.6 %)	55.19	(39.7 %)
Q1 2017	288.30	(27.0 %)	58.81	(40.4 %)	(17.68)	(178.1 %)
Q2 2017	335.15	(37.2 %)	68.27	(49.6 %)	(11.27)	(129.8 %)
Q3 2017	202.89	(49.5 %)	27.34	(71.0 %)	(33.32)	(337.3 %)
Q4 2017	212.23	(34.5 %)	21.53	(64.4 %)	(50.03)	(158.3 %)
2017	1,038.56	(37.2 %)	175.95	(54.8 %)	(112.29)	(303.5 %)
Q1 2018	214.87	(25.5 %)	52.77	(10.3 %)	(6.60)	62.7 %
Q2 2018	212.36	(36.6 %)	41.06	(39.8 %)	(31.30)	(177.7 %)
Q3 2018	173.98	(14.2 %)	27.29	(0.2 %)	(31.25)	6.2 %
Q4 2018	172.81	(18.6 %)	(21.21)	(198.5 %)	(81.99)	(63.9 %)
2018	774.03	(25.5 %)	99.92	(43.2 %)	(151.14)	(34.6 %)
Q1 2019	197.33	(8.2 %)	33.02	(37.4 %)	(19.50)	(195.6 %)
Q2 2019	253.53	19.4 %	48.28	17.6 %	0.81	102.6 %
Q3 2019	247.84	42.5 %	49.05	79.7 %	(3.12)	90.0 %
Q4 2019	184.12	6.5 %	35.29	266.4 %	(4.40)	94.6 %
2019	882.82	14.1 %	165.65	65.8 %	(26.20)	82.7 %
Q1 2020	220.98	12.0 %	49.36	49.5 %	(5.17)	73.5 %
Q2 2020	267.77	5.6 %	52.12	7.9 %	8.01	886.3 %
Q3 2020	247.47	(0.2 %)	52.67	7.4 %	3.97	227.3 %
Q4 2020	196.49	6.7 %	41.41	17.4 %	(9.22)	(109.7 %)
2020	932.70	5.6 %	195.56	18.1 %	(2.41)	90.8 %
Q1 2021	288.30	30.5 %	57.63	16.8 %	1.07	120.7 %
Q2 2021	289.48	8.1 %	61.33	17.7 %	15.20	89.7 %
Q3 2021	260.12	5.1 %	57.15	8.5 %	12.51	215.1 %
Q4 2021	165.76	(15.6 %)	39.57	(4.5 %)	4.15	145.0 %
2021	1,002.74	7.5 %	215.57	10.2 %	34.50	1529.0 %
Q1 2022	297.23	3.1 %	72.37	25.6 %	16.58	1449.6 %
Q2 2022	294.40	1.7 %	60.14	(1.9 %)	11.02	(27.5 %)
Q3 2022	235.67	(9.4 %)	51.86	(9.3 %)	8.45	(32.5 %)
Q4 2022	210.03	26.7 %	53.27	34.6 %	2.26	(45.5 %)
2022	1,037.23	3.4 %	237.64	10.2 %	38.31	11.1 %
Q1 2023	346.56	16.6 %	87.11	20.4 %	27.87	68.1 %
Q2 2023	307.39	4.4 %	74.23	23.4 %	19.08	73.1 %
Q3 2023	322.72	36.9 %	81.36	56.9 %	18.68	121.1 %
Q4 2023	259.56	23.6 %	75.06	40.9 %	21.33	843.4 %
2023	1,236.24	19.2 %	317.76	33.7 %	86.96	127.0 %
Q1 2024	413.24	19.2 %	97.77	12.2 %	30.56	9.6 %
Q2 2024	345.14	12.3 %	83.19	12.1 %	11.86	(37.8 %)
Q3 2024	358.62	11.1 %	88.85	9.2 %	21.43	14.7 %
Q4 2024	298.91	15.2 %	76.72	2.2 %	11.75	(44.9 %)
2024	1,415.91	14.5 %	346.52	9.1 %	75.60	(13.1 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2015	1,886.53	21.2 %	434.86	12.7 %	91.45	(17.0 %)
2016	1,654.41	(12.3 %)	388.93	(10.6 %)	55.19	(39.7 %)
2017	1,038.56	(37.2 %)	175.95	(54.8 %)	(112.29)	(303.5 %)
2018	774.03	(25.5 %)	99.92	(43.2 %)	(151.14)	(34.6 %)
2019	882.82	14.1 %	165.65	65.8 %	(26.20)	82.7 %
2020	932.70	5.6 %	195.56	18.1 %	(2.41)	90.8 %
2021	1,002.74	7.5 %	215.57	10.2 %	34.50	1529.0 %
2022	1,037.23	3.4 %	237.64	10.2 %	38.31	11.1 %
2023	1,236.24	19.2 %	317.76	33.7 %	86.96	127.0 %
2024	1,415.91	14.5 %	346.52	9.1 %	75.60	(13.1 %)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	24.80 %	7.89 %	6.65 %
Q2 2015	24.25 %	7.33 %	8.82 %
Q3 2015	24.07 %	6.57 %	8.79 %
Q4 2015	23.05 %	5.56 %	7.28 %
2015	23.05 %	5.56 %	7.28 %
Q1 2016	23.46 %	5.60 %	7.46 %
Q2 2016	23.48 %	4.67 %	5.76 %
Q3 2016	22.78 %	3.99 %	3.42 %
Q4 2016	23.51 %	4.30 %	2.78 %
2016	23.51 %	4.30 %	2.78 %
Q1 2017	22.56 %	2.01 %	0.20 %
Q2 2017	20.90 %	(1.36 %)	(4.61 %)
Q3 2017	18.68 %	(5.64 %)	(10.03 %)
Q4 2017	16.94 %	(9.27 %)	(16.47 %)
2017	16.94 %	(9.27 %)	(16.47 %)
Q1 2018	17.60 %	(8.91 %)	(18.31 %)
Q2 2018	16.94 %	(12.50 %)	(22.82 %)
Q3 2018	17.54 %	(12.70 %)	(23.11 %)
Q4 2018	12.91 %	(17.55 %)	(21.48 %)
2018	12.91 %	(17.55 %)	(21.48 %)
Q1 2019	10.60 %	(19.42 %)	(22.88 %)
Q2 2019	10.96 %	(14.20 %)	(18.23 %)
Q3 2019	12.52 %	(9.91 %)	(12.22 %)
Q4 2019	18.76 %	(0.42 %)	(5.64 %)
2019	18.76 %	(0.42 %)	(5.64 %)
Q1 2020	20.08 %	1.17 %	(2.79 %)
Q2 2020	20.18 %	1.85 %	(0.95 %)
Q3 2020	20.58 %	2.89 %	0.10 %
Q4 2020	20.97 %	1.96 %	(0.64 %)
2020	20.97 %	1.96 %	(0.64 %)
Q1 2021	20.38 %	2.38 %	0.32 %
Q2 2021	20.85 %	3.14 %	0.43 %
Q3 2021	21.03 %	3.93 %	1.24 %
Q4 2021	21.49 %	5.09 %	2.73 %
2021	21.50 %	5.25 %	2.73 %
Q1 2022	22.76 %	6.55 %	3.54 %
Q2 2022	22.53 %	5.85 %	3.81 %
Q3 2022	22.55 %	5.40 %	3.55 %
Q4 2022	22.91 %	4.97 %	3.06 %
2022	22.91 %	4.97 %	3.06 %
Q1 2023	23.23 %	5.65 %	4.21 %
Q2 2023	24.23 %	6.19 %	4.55 %
Q3 2023	24.94 %	6.55 %	4.91 %
Q4 2023	25.70 %	7.88 %	5.29 %
2023	25.70 %	7.88 %	5.29 %
Q1 2024	25.21 %	7.67 %	5.29 %
Q2 2024	25.17 %	6.88 %	5.18 %
Q3 2024	25.05 %	6.87 %	5.12 %
Q4 2024	24.47 %	6.09 %	5.76 %
2024	24.47 %	6.09 %	5.76 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2015	23.05 %	5.56 %	7.28 %
2016	23.51 %	4.30 %	2.78 %
2017	16.94 %	(9.27 %)	(16.47 %)
2018	12.91 %	(17.55 %)	(21.48 %)
2019	18.76 %	(0.42 %)	(5.64 %)
2020	20.97 %	1.96 %	(0.64 %)
2021	21.50 %	5.25 %	2.73 %
2022	22.91 %	4.97 %	3.06 %
2023	25.70 %	7.88 %	5.29 %
2024	24.47 %	6.09 %	5.76 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	23.06 %	6.46 %	6.33 %
Q2 2015	24.99 %	10.03 %	12.75 %
Q3 2015	26.19 %	6.96 %	10.45 %
Q4 2015	16.01 %	(4.78 %)	(4.76 %)
Q1 2016	24.97 %	6.69 %	7.08 %
Q2 2016	25.37 %	7.91 %	8.28 %
Q3 2016	23.52 %	4.30 %	1.01 %
Q4 2016	18.65 %	(4.52 %)	(9.32 %)
Q1 2017	20.40 %	(4.74 %)	(5.16 %)
Q2 2017	20.37 %	(2.16 %)	(6.29 %)
Q3 2017	13.48 %	(14.42 %)	(24.24 %)
Q4 2017	10.15 %	(21.71 %)	(40.47 %)
Q1 2018	24.56 %	(1.58 %)	(9.57 %)
Q2 2018	19.34 %	(12.52 %)	(17.26 %)
Q3 2018	15.69 %	(15.68 %)	(25.82 %)
Q4 2018	(12.27 %)	(45.46 %)	(37.12 %)
Q1 2019	16.73 %	(7.34 %)	(13.88 %)
Q2 2019	19.04 %	2.78 %	(3.54 %)
Q3 2019	19.79 %	(0.15 %)	(2.44 %)
Q4 2019	19.17 %	2.22 %	(4.01 %)
Q1 2020	22.34 %	(0.09 %)	(1.32 %)
Q2 2020	19.46 %	5.04 %	2.84 %
Q3 2020	21.28 %	3.71 %	1.45 %
Q4 2020	21.08 %	(2.13 %)	(7.27 %)
Q1 2021	19.99 %	1.83 %	2.19 %
Q2 2021	21.19 %	7.53 %	3.02 %
Q3 2021	21.97 %	6.81 %	4.63 %
Q4 2021	23.87 %	3.80 %	0.19 %
Q1 2022	24.35 %	6.91 %	4.97 %
Q2 2022	20.43 %	5.10 %	3.96 %
Q3 2022	22.01 %	4.99 %	3.62 %
Q4 2022	25.36 %	2.02 %	(1.51 %)
Q1 2023	25.13 %	8.78 %	8.30 %
Q2 2023	24.15 %	7.03 %	5.17 %
Q3 2023	25.21 %	6.63 %	5.20 %
Q4 2023	28.92 %	9.22 %	1.54 %
Q1 2024	23.66 %	7.97 %	7.80 %
Q2 2024	24.10 %	4.05 %	4.77 %
Q3 2024	24.77 %	6.61 %	4.94 %
Q4 2024	25.67 %	5.22 %	5.08 %

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	55.50	7.97	2.00	16.78
Q2 2015	55.50	2.56	2.91	18.44
Q3 2015	55.50	2.60	2.95	19.28
Q4 2015	55.50	2.46	2.48	18.95
Q1 2016	55.50	2.49	2.49	19.28
Q2 2016	55.50	1.86	1.81	20.13
Q3 2016	55.50	1.10	1.05	20.20
Q4 2016	55.50	0.88	0.83	18.81
Q1 2017	55.50	0.11	0.06	18.55
Q2 2017	55.50	(1.12)	(1.12)	18.17
Q3 2017	55.50	(2.08)	(2.08)	17.28
Q4 2017	55.50	(3.08)	(3.08)	15.75
Q1 2018	55.50	(3.18)	(3.18)	15.38
Q2 2018	55.50	(3.46)	(3.46)	14.72
Q3 2018	55.50	(3.39)	(3.39)	13.91
Q4 2018	55.50	(3.54)	(3.00)	12.20
Q1 2019	55.50	(3.66)	(3.12)	11.69
Q2 2019	55.50	(3.17)	(2.62)	11.51
Q3 2019	55.50	(2.47)	(1.92)	11.40
Q4 2019	55.50	(0.90)	(0.90)	11.24
Q1 2020	55.50	(0.46)	(0.46)	11.21
Q2 2020	55.50	(0.16)	(0.16)	11.31
Q3 2020	55.50	0.02	0.02	11.37
Q4 2020	55.50	0.13	(0.11)	10.73
Q1 2021	55.50	0.30	0.06	11.51
Q2 2021	55.50	0.32	0.08	11.02
Q3 2021	55.50	0.47	0.23	11.23
Q4 2021	55.50	0.49	0.49	11.22
Q1 2022	55.50	0.65	0.65	11.48
Q2 2022	55.50	0.70	0.70	11.69
Q3 2022	55.50	0.64	0.64	11.82
Q4 2022	55.50	0.59	0.57	11.79
Q1 2023	55.50	0.84	0.82	12.30
Q2 2023	55.50	0.92	0.90	12.56
Q3 2023	55.50	1.07	1.05	12.86
Q4 2023	55.50	1.18	1.18	12.93
Q1 2024	55.50	1.24	1.24	13.51
Q2 2024	55.50	1.25	1.25	13.80
Q3 2024	55.50	1.27	1.27	14.12
Q4 2024	55.50	1.47	1.47	14.38

Period	Shares Outstanding (M)	EPS (Riyal)	Earnings Per Share before unusual items (Riyal)	Book Value (BV)
2015	55.50	2.46	2.48	18.95
2016	55.50	0.88	0.83	18.81
2017	55.50	(3.08)	(3.08)	15.75
2018	55.50	(3.54)	(3.00)	12.20
2019	55.50	(0.90)	(0.90)	11.24
2020	55.50	0.13	(0.11)	10.73
2021	55.50	0.49	0.49	11.22
2022	55.50	0.59	0.57	11.79
2023	55.50	1.18	1.18	12.93
2024	55.50	1.47	1.47	14.38

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2015	6.26	24.94	2.97
Q2 2015	18.47	16.25	2.56
Q3 2015	14.86	13.10	2.01
Q4 2015	13.07	12.99	1.70
Q1 2016	10.80	10.80	1.40
Q2 2016	14.86	15.28	1.38
Q3 2016	14.31	15.00	0.78
Q4 2016	21.68	23.00	1.01
Q1 2017	More than 100	More than 100	0.97
Q2 2017	NEG	NEG	0.82
Q3 2017	NEG	NEG	0.84
Q4 2017	NEG	NEG	0.84
Q1 2018	NEG	NEG	0.77
Q2 2018	NEG	NEG	0.87
Q3 2018	NEG	NEG	0.70
Q4 2018	NEG	NEG	0.79
Q1 2019	NEG	NEG	0.84
Q2 2019	NEG	NEG	0.84
Q3 2019	NEG	NEG	0.84
Q4 2019	NEG	NEG	1.10
Q1 2020	NEG	NEG	0.85
Q2 2020	NEG	NEG	1.08
Q3 2020	More than 100	More than 100	1.48
Q4 2020	More than 100	NEG	1.71
Q1 2021	74.22	More than 100	1.94
Q2 2021	More than 100	More than 100	3.38
Q3 2021	63.23	More than 100	2.66
Q4 2021	50.91	50.91	2.24
Q1 2022	38.51	38.51	2.17
Q2 2022	21.38	21.38	1.28
Q3 2022	26.16	26.16	1.41
Q4 2022	28.09	29.04	1.41
Q1 2023	20.18	20.66	1.39
Q2 2023	24.74	25.27	1.81
Q3 2023	21.34	21.74	1.77
Q4 2023	20.61	20.61	1.88
Q1 2024	24.19	24.19	2.22
Q2 2024	23.49	23.49	2.13
Q3 2024	21.79	21.79	1.96
Q4 2024	18.40	18.40	1.88

Period	P/E	Adjusted P/E	Price/book
2015	13.07	12.99	1.70
2016	21.68	23.00	1.01
2017	NEG	NEG	0.84
2018	NEG	NEG	0.79
2019	NEG	NEG	1.10
2020	More than 100	NEG	1.71
2021	50.92	50.92	2.24
2022	28.09	29.04	1.41
2023	20.61	20.61	1.88
2024	18.40	18.40	1.88

Business Segments (Million)

Compared With The

Period	HVAC Solutions	Home appliances	Other segments	LG Air Conditioners and Home Appliances	Conditioners and products from the non-LG production	Eliminations
Q1 2015	-	-	-	341.04	85.39	-
Q2 2015	-	-	-	523.13	120.12	-
Q3 2015	-	-	-	359.40	82.73	-
Q4 2015	-	-	-	278.73	95.99	-
Q1 2016	273.05	118.40	3.63	-	-	-
Q2 2016	389.18	139.57	5.01	-	-	-
Q3 2016	275.31	119.57	6.50	-	-	-
Q4 2016	228.19	87.40	8.61	-	-	-
Q1 2017	193.07	92.49	2.73	-	-	-
Q2 2017	222.43	108.78	5.26	-	-	-
Q3 2017	123.71	62.56	10.12	-	-	-
Q4 2017	123.20	72.23	12.19	-	-	-
Q1 2018	113.49	81.29	20.09	-	-	-
Q2 2018	137.99	71.09	3.28	-	-	-
Q3 2018	106.93	64.04	3.02	-	-	-
Q4 2018	112.20	61.84	(1.23)	-	-	-
Q1 2019	112.19	84.02	1.12	-	-	-
Q2 2019	172.62	79.67	1.25	-	-	-
Q3 2019	165.44	81.15	1.25	-	-	-
Q4 2019	110.14	59.42	14.55	-	-	-
Q1 2020	123.98	95.82	1.18	-	-	-
Q2 2020	166.08	99.69	2.01	-	-	-
Q3 2020	134.85	110.59	2.04	-	-	-
Q4 2020	114.79	76.58	5.12	-	-	-
Q1 2021	140.34	146.66	1.30	-	-	-
Q2 2021	170.59	118.04	0.86	-	-	-
Q3 2021	144.10	115.09	-	-	-	-
Q1 2022	144.08	153.15	-	-	-	-
Q2 2022	200.34	94.06	-	-	-	-
Q3 2022	174.87	60.70	-	-	-	-
Q4 2022	157.79	52.24	-	-	-	-
Q1 2023	175.91	170.65	-	-	-	-
Q2 2023	219.57	87.83	-	-	-	-
Q3 2023	227.82	94.90	-	-	-	-
Q4 2023	176.38	83.11	-	-	-	-
Q1 2024	258.56	154.37	0.31	-	-	-
Q2 2024	263.51	80.59	1.05	-	-	-
Q3 2024	286.35	70.38	1.89	-	-	-
Q4 2024	244.99	52.37	1.55	-	-	-

Period	HVAC Solutions	Home appliances	Other segments	LG Air Conditioners and Home Appliances	Conditioners and products from the non-LG production	Eliminations
2015	-	-	-	1,502.30	384.23	-
2016	1,165.72	464.93	23.75	-	-	-
2017	673.51	334.76	30.30	-	-	-
2018	470.61	278.26	25.16	-	-	-
2019	560.40	304.26	18.17	-	-	-
2020	539.69	382.67	10.34	-	-	-
2021	594.24	408.50	-	-	-	-
2022	677.07	360.15	-	-	-	-
2023	799.68	436.49	-	-	-	0.07
2024	1,053.41	357.70	4.80	-	-	4.80

Analysts Estimates (Million)

Item	Q4 2024 (e)	Q4 2024 (a)	Change‬
Average	4.60	15.17	229.83 %

Estimates vs Actual (Million)

Item	Q4 2024 (e)	Q4 2024 (a)	Change
SNB Capital	4.60	15.17	229.8 %

Financial Ratios

	Current
Market Cap (M Riyal)	1,653.90
Enterprise Value (EV) (M)	1,891.28
Shares Outstanding ((M))	55.50
EPS ( Riyal) (TTM)	1.47
Book Value (BV) ( Riyal)	14.38
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	20.27
P/E (TTM)	20.27
Price/book	2.07
Return on Average Assets (%) (TTM)	5.3
Return on Average Equity (%) (TTM)	7.1

Al Hassan Ghazi Ibrahim Shaker Co. (SHAKER)

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Shaker 2024 profit surges 25% to SAR 81.6M; Q4 at SAR 15.2M

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Financials (M)

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Profit Performance (Million)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

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Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2024 Q4

Analysts Estimates (Million)

Analysts Estimates (Million)

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Al Hassan Ghazi Ibrahim Shaker Co. (SHAKER)

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Shaker 2024 profit surges 25% to SAR 81.6M; Q4 at SAR 15.2M

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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

Al Hassan Ghazi Ibrahim Shaker Co. (SHAKER)

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Business Segments (Million)