GACO widens losses to SAR 4.7M in 9M 2024; Q3 at SAR 1.1M

05/11/2024 Argaam Exclusive

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Al Gassim Investment Holding Co. (GACO) reported a net loss of SAR 4.7 million for the first nine months of 2024, compared to SAR 1 million in the same period a year earlier.

Financials (M)

Item	9m 2023	9m 2024	Change‬
Revenues	7.87	7.54	(4.2 %)
Gross Income	6.76	6.43	(4.9 %)
Operating Income	0.34	(1.43)	(521.9 %)
Net Income	(1.05)	(4.68)	(345.5 %)
Average Shares	30.00	30.00	-
EPS (Riyals)	(0.03)	(0.16)	(345.5 %)

The losses were attributed to lower revenues, along with an increase in Zakat provision, general and administrative expenses, and provisions for expected credit losses, as well as a decrease in financing revenues.

The company also cited a decline in rental income from Al-Nakheel Grove.

This was despite an increase in other income compared to the same period last year.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2023	Q3 2024	Change‬
Revenues	2.66	2.51	(5.6 %)
Gross Income	2.29	2.13	(7.0 %)
Operating Income	0.21	(1.00)	(580.7 %)
Net Income	(2.45)	(1.09)	55.6 %
Average Shares	30.00	30.00	-
EPS (Riyals)	(0.08)	(0.04)	55.6 %

Item	Q2 2024	Q3 2024	Change‬
Revenues	2.51	2.51	-
Gross Income	2.15	2.13	(1.0 %)
Operating Income	(0.03)	(1.00)	(3,093.9 %)
Net Income	(1.83)	(1.09)	40.7 %
Average Shares	30.00	30.00	-
EPS (Riyals)	(0.06)	(0.04)	40.7 %

The company reported a net loss of SAR 1.1 million in Q3 2024, down from SAR 2.45 million in Q3 2023, due to lower other income.

Sequentially, GACO reduced its losses from SAR 1.83 million in Q2 2024.

Shareholders’ equity, no minority interest, stood at SAR 291.68 million as of Sept. 30, 2024, from SAR 302.11 million a year earlier.

Accumulated losses reached SAR 8.3 million by the end of the current period, representing 2.7% of the company's capital.

View More Financial Results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2015	8.14	(8.9 %)	(0.78)	76.1 %	(2.80)	61.2 %
Q2 2015	14.13	(29.6 %)	2.23	(25.8 %)	(0.14)	(149.6 %)
Q3 2015	12.83	(14.1 %)	(1.76)	(1660.2 %)	(4.18)	(93.7 %)
Q4 2015	11.44	23.2 %	(0.97)	18.8 %	(4.45)	(48.2 %)
2015	46.54	(12.5 %)	(1.28)	7.4 %	(11.56)	23.7 %
Q1 2016	8.08	(0.7 %)	0.57	173.2 %	(1.95)	30.2 %
Q2 2016	5.57	(60.6 %)	3.32	49.0 %	1.33	1069.3 %
Q3 2016	4.14	(67.7 %)	2.94	266.6 %	1.27	130.4 %
Q4 2016	4.34	(62.0 %)	2.85	394.2 %	(0.24)	94.6 %
2016	22.14	(52.4 %)	9.67	853.3 %	0.40	103.5 %
Q1 2017	4.83	(40.2 %)	2.46	332.1 %	0.82	142.1 %
Q2 2017	4.37	(21.6 %)	2.48	(25.2 %)	0.58	(56.5 %)
Q3 2017	4.65	12.2 %	2.56	(12.8 %)	1.17	(7.7 %)
Q4 2017	4.02	(7.6 %)	2.46	(13.8 %)	0.93	485.5 %
2017	17.86	(19.3 %)	9.96	3.0 %	3.50	770.9 %
Q1 2018	2.97	(38.5 %)	2.53	2.7 %	1.31	59.4 %
Q2 2018	2.97	(32.0 %)	2.55	2.9 %	1.46	152.9 %
Q3 2018	3.24	(30.3 %)	2.80	9.5 %	1.87	59.6 %
Q4 2018	2.97	(26.0 %)	2.54	3.5 %	(10.79)	(1261.2 %)
2018	12.16	(31.9 %)	10.42	4.6 %	(6.15)	(275.5 %)
Q1 2019	2.92	(1.6 %)	2.53	0.0 %	9.47	622.9 %
Q2 2019	2.92	(1.6 %)	2.46	(3.8 %)	1.50	2.3 %
Q3 2019	3.22	(0.4 %)	2.77	(1.2 %)	1.39	(25.5 %)
Q4 2019	2.92	(1.6 %)	2.54	(0.1 %)	(42.04)	(289.7 %)
2019	12.00	(1.3 %)	10.29	(1.3 %)	(29.68)	(383.0 %)
Q1 2020	2.87	(1.7 %)	2.48	(1.8 %)	0.87	(90.8 %)
Q2 2020	2.87	(1.7 %)	2.46	0.1 %	1.40	(6.7 %)
Q3 2020	2.96	(8.3 %)	2.56	(7.6 %)	1.57	12.6 %
Q4 2020	2.96	1.1 %	2.41	(5.1 %)	(7.70)	81.7 %
2020	11.66	(2.8 %)	9.91	(3.7 %)	(3.86)	87.0 %
Q1 2021	2.82	(2.0 %)	2.36	(4.8 %)	(0.25)	(128.9 %)
Q2 2021	2.82	(1.9 %)	2.38	(3.2 %)	(0.19)	(113.6 %)
Q3 2021	2.92	(1.3 %)	2.48	(3.1 %)	0.38	(75.8 %)
Q4 2021	2.82	(4.6 %)	2.36	(2.1 %)	7.72	200.2 %
2021	11.37	(2.4 %)	9.58	(3.3 %)	7.65	298.1 %
Q1 2022	2.66	(5.4 %)	2.22	(5.9 %)	(0.72)	(186.9 %)
Q2 2022	2.66	(5.5 %)	2.24	(6.0 %)	(0.14)	24.7 %
Q3 2022	2.87	(1.6 %)	2.45	(1.3 %)	0.24	(37.1 %)
Q4 2022	2.66	(5.5 %)	2.24	(5.1 %)	15.38	99.3 %
2022	10.86	(4.5 %)	9.14	(4.6 %)	14.75	92.8 %
Q1 2023	2.60	(2.3 %)	2.24	0.7 %	(0.08)	89.2 %
Q2 2023	2.60	(2.3 %)	2.23	(0.2 %)	0.44	409.9 %
Q3 2023	2.66	(7.3 %)	2.29	(6.3 %)	0.21	(13.1 %)
Q4 2023	2.60	(2.3 %)	2.19	(2.0 %)	(2.32)	(115.1 %)
2023	10.47	(3.6 %)	8.95	(2.1 %)	(1.68)	(111.4 %)
Q1 2024	2.51	(3.4 %)	2.14	(4.2 %)	(0.40)	(413.0 %)
Q2 2024	2.51	(3.4 %)	2.15	(3.5 %)	(0.03)	(107.0 %)
Q3 2024	2.51	(5.6 %)	2.13	(7.0 %)	(1.00)	(580.7 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2014	53.22	(24.0 %)	(1.39)	0.2 %	(15.16)	(8.1 %)
2015	46.54	(12.5 %)	(1.28)	7.4 %	(11.56)	23.7 %
2016	22.14	(52.4 %)	9.67	853.3 %	0.40	103.5 %
2017	17.86	(19.3 %)	9.96	3.0 %	3.50	770.9 %
2018	12.16	(31.9 %)	10.42	4.6 %	(6.15)	(275.5 %)
2019	12.00	(1.3 %)	10.29	(1.3 %)	(29.68)	(383.0 %)
2020	11.66	(2.8 %)	9.91	(3.7 %)	(3.86)	87.0 %
2021	11.37	(2.4 %)	9.58	(3.3 %)	7.65	298.1 %
2022	10.86	(4.5 %)	9.14	(4.6 %)	14.75	92.8 %
2023	10.47	(3.6 %)	8.95	(2.1 %)	(1.68)	(111.4 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2015	(2.98)	59.5 %	(0.10)	-	(2.98)	(0.10)
Q2 2015	0.47	(78.2 %)	0.02	-	0.47	0.02
Q3 2015	(4.18)	(149.6 %)	(0.14)	-	(4.18)	(0.14)
Q4 2015	7.71	253.0 %	0.26	13.80	(6.09)	(0.20)
2015	1.02	106.7 %	0.03	13.80	(12.79)	(0.43)
Q1 2016	95.31	3301.5 %	3.18	98.55	(3.24)	(0.11)
Q2 2016	3.03	551.6 %	0.10	1.83	1.20	0.04
Q3 2016	1.40	133.4 %	0.05	-	1.40	0.05
Q4 2016	59.07	666.2 %	1.97	0.06	59.01	1.97
2016	58.56	5669.5 %	1.95	100.44	(41.88)	(1.40)
Q1 2017	0.21	(99.8 %)	0.01	-	0.21	0.01
Q2 2017	0.71	(76.7 %)	0.02	-	0.71	0.02
Q3 2017	1.48	5.6 %	0.05	-	1.48	0.05
Q4 2017	0.96	(98.4 %)	0.03	-	0.96	0.03
2017	3.34	(94.3 %)	0.11	-	3.34	0.11
Q1 2018	0.29	42.7 %	0.01	-	0.29	0.01
Q2 2018	0.98	37.9 %	0.03	-	0.98	0.03
Q3 2018	1.25	(15.3 %)	0.04	-	1.25	0.04
Q4 2018	(10.23)	(1170.0 %)	(0.34)	-	(10.23)	(0.34)
2018	(7.71)	(330.6 %)	(0.26)	-	(7.71)	(0.26)
Q1 2019	9.36	3082.7 %	0.31	-	9.36	0.31
Q2 2019	1.46	49.5 %	0.05	-	1.46	0.05
Q3 2019	4.71	277.3 %	0.16	-	4.71	0.16
Q4 2019	(30.18)	(195.0 %)	(1.01)	2.58	(32.75)	(1.09)
2019	(14.65)	(90.0 %)	(0.49)	2.58	(17.23)	(0.57)
Q1 2020	0.71	(92.4 %)	0.02	-	0.71	0.02
Q2 2020	0.54	(63.3 %)	0.02	-	0.54	0.02
Q3 2020	(0.28)	(106.0 %)	(0.01)	-	(0.28)	(0.01)
Q4 2020	(6.09)	79.8 %	(0.20)	-	(6.09)	(0.20)
2020	(5.13)	65.0 %	(0.17)	-	(5.13)	(0.17)
Q1 2021	(0.02)	(103.4 %)	0.00	-	(0.02)	0.00
Q2 2021	(0.29)	(154.8 %)	(0.01)	-	(0.29)	(0.01)
Q3 2021	(0.05)	81.6 %	0.00	-	(0.05)	0.00
Q4 2021	1.46	124.0 %	0.05	-	1.46	0.05
2021	1.09	121.3 %	0.04	-	1.09	0.04
Q1 2022	(0.52)	(2,060.8 %)	(0.02)	-	(0.52)	(0.02)
Q2 2022	(0.36)	(23.9 %)	(0.01)	-	(0.36)	(0.01)
Q3 2022	(0.01)	74.0 %	0.00	-	(0.01)	0.00
Q4 2022	7.94	444.5 %	0.26	(6.42)	14.37	0.48
2022	7.05	546.7 %	0.23	(6.42)	13.47	0.45
Q1 2023	0.51	198.1 %	0.02	-	0.51	0.02
Q2 2023	0.89	345.2 %	0.03	-	0.89	0.03
Q3 2023	(2.45)	(18,035.6 %)	(0.08)	-	(2.45)	(0.08)
Q4 2023	(5.66)	(171.3 %)	(0.19)	(5.47)	(0.20)	(0.01)
2023	(6.71)	(195.2 %)	(0.22)	(5.47)	(1.25)	(0.04)
Q1 2024	(1.76)	(445.4 %)	(0.06)	(1.27)	(0.49)	(0.02)
Q2 2024	(1.83)	(306.0 %)	(0.06)	(1.27)	(0.57)	(0.02)
Q3 2024	(1.09)	55.6 %	(0.04)	(1.27)	0.18	0.01

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2014	(15.04)	(22.5 %)	(0.50)	-	(15.04)	(0.50)
2015	1.02	106.7 %	0.03	13.80	(12.79)	(0.43)
2016	58.56	5669.5 %	1.95	100.44	(41.88)	(1.40)
2017	3.34	(94.3 %)	0.11	-	3.34	0.11
2018	(7.71)	(330.6 %)	(0.26)	-	(7.71)	(0.26)
2019	(14.65)	(90.0 %)	(0.49)	2.58	(17.23)	(0.57)
2020	(5.13)	65.0 %	(0.17)	-	(5.13)	(0.17)
2021	1.09	121.3 %	0.04	-	1.09	0.04
2022	7.05	546.7 %	0.23	(6.42)	13.47	0.45
2023	(6.71)	(195.2 %)	(0.22)	(5.47)	(1.25)	(0.04)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	2.18 %	24.87 %	(14.41 %)
Q2 2015	0.79 %	26.29 %	(19.84 %)
Q3 2015	(3.40 %)	22.35 %	(26.44 %)
Q4 2015	(2.76 %)	16.99 %	(27.48 %)
2015	(2.76 %)	16.99 %	(27.47 %)
Q1 2016	0.14 %	13.75 %	(28.08 %)
Q2 2016	3.05 %	10.46 %	(32.48 %)
Q3 2016	20.03 %	18.22 %	(23.05 %)
Q4 2016	43.69 %	26.23 %	263.65 %
2016	43.69 %	26.23 %	(189.20 %)
Q1 2017	61.23 %	35.02 %	327.27 %
Q2 2017	60.66 %	30.70 %	346.70 %
Q3 2017	56.90 %	27.81 %	337.49 %
Q4 2017	55.75 %	34.02 %	18.72 %
2017	55.78 %	34.02 %	18.72 %
Q1 2018	62.64 %	41.04 %	21.45 %
Q2 2018	69.12 %	50.94 %	25.33 %
Q3 2018	78.32 %	61.57 %	26.32 %
Q4 2018	85.74 %	(31.67 %)	(63.43 %)
2018	85.72 %	(31.67 %)	(63.42 %)
Q1 2019	86.08 %	33.51 %	11.17 %
Q2 2019	85.63 %	31.83 %	15.22 %
Q3 2019	85.45 %	25.77 %	43.99 %
Q4 2019	85.77 %	(234.69 %)	(143.60 %)
2019	85.75 %	(234.65 %)	(143.57 %)
Q1 2020	85.75 %	(307.67 %)	(216.59 %)
Q2 2020	86.14 %	(305.63 %)	(225.28 %)
Q3 2020	86.32 %	(308.93 %)	(273.44 %)
Q4 2020	84.97 %	(11.25 %)	(43.98 %)
2020	84.97 %	(11.25 %)	(43.99 %)
Q1 2021	84.36 %	(18.78 %)	(50.53 %)
Q2 2021	84.07 %	(34.67 %)	(57.94 %)
Q3 2021	83.65 %	(45.07 %)	(56.13 %)
Q4 2021	84.22 %	89.96 %	9.58 %
2021	84.21 %	89.95 %	9.58 %
Q1 2022	84.11 %	86.91 %	5.31 %
Q2 2022	84.00 %	88.40 %	4.75 %
Q3 2022	84.07 %	87.17 %	5.12 %
Q4 2022	84.16 %	158.64 %	124.06 %
2022	84.16 %	158.63 %	124.04 %
Q1 2023	84.79 %	164.86 %	134.28 %
Q2 2023	85.24 %	170.53 %	146.72 %
Q3 2023	85.48 %	173.04 %	126.52 %
Q4 2023	85.56 %	4.16 %	(11.90 %)
2023	85.54 %	4.83 %	(11.90 %)
Q1 2024	85.40 %	0.26 %	(21.64 %)
Q2 2024	85.37 %	(5.10 %)	(35.98 %)
Q3 2024	85.04 %	(17.81 %)	(10.60 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2014	(2.61 %)	11.28 %	(28.26 %)
2015	(2.76 %)	16.99 %	(27.47 %)
2016	43.69 %	26.23 %	(189.20 %)
2017	55.78 %	34.02 %	18.72 %
2018	85.72 %	(31.67 %)	(63.42 %)
2019	85.75 %	(234.65 %)	(143.57 %)
2020	84.97 %	(11.25 %)	(43.99 %)
2021	84.21 %	89.95 %	9.58 %
2022	84.16 %	158.63 %	124.04 %
2023	85.54 %	4.83 %	(11.90 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	(9.57 %)	26.54 %	(36.56 %)
Q2 2015	15.76 %	34.20 %	3.29 %
Q3 2015	(13.74 %)	6.52 %	(32.61 %)
Q4 2015	(8.46 %)	0.68 %	(53.25 %)
Q1 2016	7.05 %	7.96 %	(40.13 %)
Q2 2016	59.54 %	43.26 %	21.54 %
Q3 2016	70.96 %	53.03 %	33.75 %
Q4 2016	65.56 %	12.87 %	1,358.38 %
Q1 2017	50.96 %	30.00 %	4.26 %
Q2 2017	56.75 %	28.03 %	16.18 %
Q3 2017	55.11 %	39.29 %	31.75 %
Q4 2017	61.15 %	39.28 %	23.81 %
Q1 2018	85.07 %	65.29 %	9.89 %
Q2 2018	85.81 %	70.53 %	32.80 %
Q3 2018	86.53 %	77.58 %	38.57 %
Q4 2018	85.47 %	(349.82 %)	(344.06 %)
Q1 2019	86.46 %	336.80 %	320.01 %
Q2 2019	83.96 %	64.23 %	49.86 %
Q3 2019	85.86 %	55.15 %	146.18 %
Q4 2019	86.80 %	(1424.66 %)	(1120.18 %)
Q1 2020	86.39 %	43.51 %	24.75 %
Q2 2020	85.56 %	79.26 %	18.62 %
Q3 2020	86.50 %	74.90 %	(9.54 %)
Q4 2020	81.50 %	(238.60 %)	(206.06 %)
Q1 2021	83.91 %	13.64 %	(0.85 %)
Q2 2021	84.39 %	16.03 %	(10.39 %)
Q3 2021	84.86 %	35.29 %	(1.78 %)
Q4 2021	83.68 %	296.70 %	51.76 %
Q1 2022	83.44 %	(3.57 %)	(19.47 %)
Q2 2022	83.97 %	18.10 %	(13.63 %)
Q3 2022	85.13 %	29.68 %	(0.47 %)
Q4 2022	84.04 %	600.46 %	539.57 %
Q1 2023	86.01 %	18.38 %	19.56 %
Q2 2023	85.81 %	38.03 %	34.21 %
Q3 2023	86.10 %	28.49 %	(91.97 %)
Q4 2023	84.31 %	(68.82 %)	(7.53 %)
Q1 2024	85.35 %	2.76 %	(19.53 %)
Q2 2024	85.71 %	17.43 %	(22.56 %)
Q3 2024	84.83 %	(20.80 %)	7.12 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2015	30.00	(0.25)	(0.25)	10.90
Q2 2015	30.00	(0.31)	(0.31)	10.92
Q3 2015	30.00	(0.39)	(0.39)	10.78
Q4 2015	30.00	0.03	(0.43)	11.03
Q1 2016	30.00	3.31	(0.44)	11.86
Q2 2016	30.00	3.40	(0.41)	11.90
Q3 2016	30.00	3.58	(0.22)	11.91
Q4 2016	30.00	5.29	1.95	10.72
Q1 2017	30.00	2.12	2.06	10.72
Q2 2017	30.00	2.05	2.04	10.74
Q3 2017	30.00	2.05	2.05	10.54
Q4 2017	30.00	0.11	0.11	10.58
Q1 2018	30.00	0.11	0.11	10.59
Q2 2018	30.00	0.12	0.12	10.62
Q3 2018	30.00	0.12	0.12	10.66
Q4 2018	30.00	(0.26)	(0.26)	10.33
Q1 2019	30.00	0.05	0.05	10.64
Q2 2019	30.00	0.06	0.06	10.69
Q3 2019	30.00	0.18	0.18	10.85
Q4 2019	30.00	(0.49)	(0.57)	9.84
Q1 2020	30.00	(0.78)	(0.86)	9.86
Q2 2020	30.00	(0.81)	(0.89)	9.90
Q3 2020	30.00	(0.97)	(1.06)	9.90
Q4 2020	30.00	(0.17)	(0.17)	9.62
Q1 2021	30.00	(0.20)	(0.20)	9.62
Q2 2021	30.00	(0.22)	(0.22)	9.61
Q3 2021	30.00	(0.22)	(0.22)	9.61
Q4 2021	30.00	0.04	0.04	9.66
Q1 2022	30.00	0.02	0.02	9.65
Q2 2022	30.00	0.02	0.02	9.83
Q3 2022	30.00	0.02	0.02	9.83
Q4 2022	30.00	0.23	0.45	10.11
Q1 2023	30.00	0.27	0.48	10.12
Q2 2023	30.00	0.31	0.53	10.15
Q3 2023	30.00	0.23	0.44	10.07
Q4 2023	30.00	(0.22)	(0.04)	9.88
Q1 2024	30.00	(0.30)	(0.07)	9.82
Q2 2024	30.00	(0.39)	(0.12)	9.76
Q3 2024	30.00	(0.34)	(0.04)	9.72

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2014	30.00	(0.50)	(0.50)	11.00
2015	30.00	0.03	(0.43)	11.03
2016	30.00	1.95	(1.40)	10.72
2017	30.00	0.11	0.11	10.58
2018	30.00	(0.26)	(0.26)	10.33
2019	30.00	(0.49)	(0.57)	9.84
2020	30.00	(0.17)	(0.17)	9.62
2021	30.00	0.04	0.04	9.66
2022	30.00	0.23	0.45	10.11
2023	30.00	(0.22)	(0.04)	9.88

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2015	NEG	NEG	2.11
Q2 2015	NEG	NEG	2.25
Q3 2015	NEG	NEG	1.81
Q4 2015	More than 100	NEG	2.03
Q1 2016	5.05	NEG	1.41
Q2 2016	4.88	NEG	1.39
Q3 2016	3.72	NEG	1.12
Q4 2016	2.95	8.02	1.46
Q1 2017	6.53	6.73	1.29
Q2 2017	6.43	6.43	1.22
Q3 2017	6.55	6.55	1.27
Q4 2017	More than 100	More than 100	1.21
Q1 2018	More than 100	More than 100	1.21
Q2 2018	99.73	99.73	1.16
Q3 2018	91.36	91.36	0.99
Q4 2018	NEG	NEG	1.05
Q1 2019	More than 100	More than 100	1.12
Q2 2019	More than 100	More than 100	1.12
Q3 2019	59.22	59.22	0.96
Q4 2019	NEG	NEG	1.13
Q1 2020	NEG	NEG	0.92
Q2 2020	NEG	NEG	1.32
Q3 2020	NEG	NEG	2.11
Q4 2020	NEG	NEG	2.01
Q1 2021	NEG	NEG	2.90
Q2 2021	NEG	NEG	3.36
Q3 2021	NEG	NEG	3.10
Q4 2021	More than 100	More than 100	2.45
Q1 2022	More than 100	More than 100	2.35
Q2 2022	More than 100	More than 100	2.17
Q3 2022	More than 100	More than 100	2.44
Q4 2022	80.01	41.86	1.86
Q1 2023	96.57	53.79	2.57
Q2 2023	80.26	47.53	2.46
Q3 2023	81.89	42.39	1.87
Q4 2023	NEG	NEG	1.82
Q1 2024	NEG	NEG	1.81
Q2 2024	NEG	NEG	1.68
Q3 2024	NEG	NEG	2.06

Period	P/E	Adjusted P/E	Price/book
2014	NEG	NEG	1.76
2015	More than 100	NEG	2.03
2016	7.99	NEG	1.46
2017	More than 100	More than 100	1.21
2018	NEG	NEG	1.05
2019	NEG	NEG	1.13
2020	NEG	NEG	2.01
2021	More than 100	More than 100	2.45
2022	80.01	41.86	1.86
2023	NEG	NEG	1.82

Business Segments (Million)

Compared With The

Period	Agri Sector- Shri Project	Agri Sector- Jouf Project	Poultry Project	Dates Factory	Dairy sector	Agricultural Activity
Q1 2014	3.60	0.70	2.50	2.14	-	-
Q2 2014	8.49	4.72	2.50	4.35	-	-
Q3 2014	7.03	4.23	2.50	1.18	-	-
Q4 2014	2.69	2.34	2.50	1.75	-	-
Q1 2015	2.33	0.74	2.50	2.57	-	-
Q2 2015	5.54	3.33	2.50	2.76	-	-
Q3 2015	7.24	2.10	2.50	0.99	-	-
Q4 2015	1.47	5.23	3.89	0.72	-	-
Q1 2016	3.45	0.48	2.50	1.72	-	-
Q2 2016	1.24	-	2.50	2.04	-	-
Q3 2016	1.60	-	1.60	0.65	-	-
Q4 2016	1.39	-	1.21	0.84	-	-
Q1 2017	1.30	-	1.72	1.81	-	-
Q2 2017	1.29	-	1.72	1.35	-	-
Q3 2017	1.53	-	1.72	1.40	-	-
Q4 2017	1.30	-	1.72	1.00	-	-
Q2 2018	1.29	-	1.69	0.91	-	-
Q3 2018	1.55	-	1.69	0.08	-	-
Q4 2018	1.29	-	1.69	-	-	-
Q1 2019	1.28	-	1.65	-	-	-
Q2 2019	1.28	-	1.65	-	-	-
Q3 2019	1.58	-	1.65	-	-	-
Q4 2019	1.28	-	1.65	-	-	-
Q1 2020	1.27	-	1.60	-	-	-

Period	Agri Sector- Shri Project	Agri Sector- Jouf Project	Poultry Project	Dates Factory	Dairy sector	Agricultural Activity
2014	21.81	11.99	10.00	9.41	-	-
2015	16.71	11.41	11.39	7.04	-	-
2016	7.68	0.48	8.71	5.26	-	-
2017	5.41	-	6.90	5.55	-	-
2018	5.41	-	6.74	-	-	-
2019	5.42	-	6.58	-	-	-
2021	5.14	-	6.23	-	-	-
2022	4.98	-	5.88	-	-	-
2023	4.79	-	5.67	-	-	-

Financial Ratios

	Current
Market Cap (M Riyal)	566.40
Enterprise Value (EV) (M)	517.15
Shares Outstanding ((M))	30.00
EPS ( Riyal) (TTM)	(0.34)
Book Value (BV) ( Riyal)	9.72
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	1.94
Return on Average Assets (%) (TTM)	(2.39 )
Return on Average Equity (%) (TTM)	(3.48 )

Al Gassim Investment Holding Co. (GACO)

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GACO widens losses to SAR 4.7M in 9M 2024; Q3 at SAR 1.1M

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Financials (M)

Current Quarter Comparison (M)

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Financial results (Million)

Profit Performance (Million)

Profit Performance (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 Q3

Financial Ratios

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Al Gassim Investment Holding Co. (GACO)

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GACO widens losses to SAR 4.7M in 9M 2024; Q3 at SAR 1.1M

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) 2023

Revenue by Business Segment (Latest) 2024 Q3

Financial Ratios

Share Price

Al Gassim Investment Holding Co. (GACO)

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Business Segments (Million)