TADCO logs SAR 43.9M loss in 9M 2024, SAR 17.4M in Q3

07/11/2024 Argaam Exclusive

View other reports

Tabuk Agricultural Development Co. (TADCO) turned to a net loss of SAR 43.9 million for the first nine months of 2024, compared to a net profit of SAR 105 million in the same period of 2023.

Financials (M)

Item	9m 2023	9m 2024	Change‬
Revenues	96.18	37.55	(61.0 %)
Gross Income	18.58	(7.82)	(142.1 %)
Operating Income	(29.18)	(45.10)	(54.6 %)
Net Income	103.56	(43.85)	(142.3 %)
Average Shares	39.18	39.18	-
EPS (Riyals)	2.64	(1.12)	(142.3 %)

The nine-month loss was primarily due to the exclusion of revenues from a subsidiary for this period, whereas gains were recorded last year after a fair value revaluation following the loss of control over this subsidiary.

The 9M 2024 topline also declined 61% year-over-year (YoY), which negatively impacted earnings compared to the previous year amid lower demand for the company's main crop, wheat.

In Q3, 2024, TADCO’s net losses widened by 58.1% to SAR 17.22 million, from SAR 10.89 million a year earlier, as the three-month revenue fell 68% YoY.

However, on a quarterly basis, net losses shrank by 1.3% from SAR 17.60 million in Q2 2024, thanks to higher revenues from seasonal sales of fruit crops after harvest completion, the lower cost of revenues and the increased profit share from equity-accounted investments.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2023	Q3 2024	Change‬
Revenues	48.07	15.06	(68.7 %)
Gross Income	6.34	(3.69)	(158.2 %)
Operating Income	(11.39)	(17.66)	(55.1 %)
Net Income	127.80	(16.81)	(113.2 %)
Average Shares	39.18	39.18	-
EPS (Riyals)	3.26	(0.43)	(113.2 %)

Item	Q2 2024	Q3 2024	Change‬
Revenues	14.39	15.06	4.7 %
Gross Income	(5.93)	(3.69)	37.7 %
Operating Income	(19.52)	(17.66)	9.5 %
Net Income	(17.60)	(16.81)	4.5 %
Average Shares	39.18	39.18	-
EPS (Riyals)	(0.45)	(0.43)	4.5 %

Total shareholders’ equity, after excluding minority interest, contracted to SAR 280.9 million as of Sept. 30, 2024, down from SAR 353.3 million in the corresponding period of the year before.

Accumulated losses amounted to SAR 107.03 million by the end of the nine-month period, representing 27.3% of capital. This was attributed to weaker revenues, higher cost of revenues, the elevated general & administrative and selling & distribution expenses.

View More Financial Results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2015	26.54	28.4 %	12.68	74.7 %	5.78	184.1 %
Q2 2015	28.25	(3.0 %)	10.71	(5.7 %)	(2.19)	(74.1 %)
Q3 2015	44.26	(13.4 %)	18.88	12.5 %	4.99	653.5 %
Q4 2015	52.77	(0.6 %)	17.42	(21.0 %)	(2.82)	(182.4 %)
2015	151.82	(1.4 %)	59.70	3.9 %	5.77	18.6 %
Q1 2016	13.27	(50.0 %)	6.22	(51.0 %)	(3.44)	(159.5 %)
Q2 2016	23.45	(17.0 %)	6.09	(43.2 %)	(6.04)	(176.3 %)
Q3 2016	23.90	(46.0 %)	4.59	(75.7 %)	(10.08)	(302.1 %)
Q4 2016	32.39	(38.6 %)	1.29	(92.6 %)	(22.15)	(685.7 %)
2016	93.00	(38.7 %)	18.18	(69.5 %)	(41.72)	(823.6 %)
Q1 2017	20.66	55.7 %	4.80	(22.8 %)	(3.37)	2.1 %
Q2 2017	23.01	(1.9 %)	9.31	53.0 %	(2.15)	64.5 %
Q3 2017	26.65	11.5 %	6.32	37.7 %	(9.94)	1.4 %
Q4 2017	36.85	13.8 %	6.06	368.4 %	(14.89)	32.8 %
2017	107.18	15.2 %	26.48	45.7 %	(30.35)	27.2 %
Q1 2018	20.13	(2.6 %)	2.82	(41.3 %)	(6.17)	(83.1 %)
Q2 2018	26.37	14.6 %	8.08	(13.2 %)	(3.31)	(54.2 %)
Q3 2018	25.20	(5.4 %)	3.76	(40.4 %)	(15.90)	(59.9 %)
Q4 2018	27.28	(26.0 %)	(1.53)	(125.2 %)	(20.75)	(39.3 %)
2018	98.98	(7.7 %)	14.09	(46.8 %)	(46.63)	(53.6 %)
Q1 2019	8.17	(59.4 %)	(11.39)	(504.6 %)	(23.04)	(273.1 %)
Q2 2019	34.71	31.6 %	(13.37)	(265.4 %)	(25.26)	(663.9 %)
Q3 2019	50.67	101.1 %	(1.78)	(147.2 %)	(17.21)	(8.3 %)
Q4 2019	47.80	75.2 %	(7.51)	(391.6 %)	(37.96)	(83.0 %)
2019	146.52	48.0 %	(34.60)	(345.6 %)	(104.99)	(125.2 %)
Q1 2020	34.67	324.2 %	6.49	156.9 %	(4.06)	82.4 %
Q2 2020	37.31	7.5 %	7.05	152.7 %	(4.71)	81.4 %
Q3 2020	47.39	(6.5 %)	9.31	623.6 %	(4.83)	71.9 %
Q4 2020	39.17	(18.0 %)	(8.56)	(13.9 %)	(23.59)	37.9 %
2020	158.54	8.2 %	14.29	141.3 %	(37.19)	64.6 %
Q1 2021	21.45	(38.1 %)	4.00	(38.4 %)	(5.51)	(35.9 %)
Q2 2021	31.69	(15.1 %)	(9.03)	(228.1 %)	(23.93)	(407.9 %)
Q3 2021	35.75	(24.6 %)	6.59	(29.2 %)	(5.81)	(20.3 %)
Q4 2021	27.15	(30.7 %)	(6.95)	18.8 %	(26.23)	(11.2 %)
2021	116.04	(26.8 %)	(5.39)	(137.7 %)	(61.49)	(65.3 %)
Q1 2022	21.58	0.6 %	2.05	(48.7 %)	(9.20)	(66.9 %)
Q2 2022	25.25	(20.3 %)	0.66	107.3 %	(14.46)	39.6 %
Q3 2022	52.39	46.6 %	17.76	169.4 %	2.09	136.0 %
Q4 2022	35.15	29.5 %	(0.80)	88.4 %	(30.51)	(16.3 %)
2022	134.37	15.8 %	19.67	465.1 %	(52.08)	15.3 %
Q1 2023	21.30	(1.3 %)	3.83	86.6 %	(9.41)	(2.3 %)
Q2 2023	26.90	6.5 %	4.67	612.3 %	(11.15)	22.9 %
Q3 2023	48.07	(8.3 %)	6.34	(64.3 %)	(11.39)	(644.9 %)
Q4 2023	9.22	(73.8 %)	(12.71)	(1,480.7 %)	(31.00)	(1.6 %)
2023	105.50	(21.5 %)	3.02	(84.6 %)	(63.65)	(22.2 %)
Q1 2024	8.32	(61.0 %)	0.19	(95.1 %)	(9.73)	(3.4 %)
Q2 2024	14.39	(46.5 %)	(5.93)	(226.9 %)	(19.52)	(75.0 %)
Q3 2024	15.06	(68.7 %)	(3.69)	(158.2 %)	(17.66)	(55.1 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2014	154.02	27.3 %	57.45	10.3 %	4.86	551.9 %
2015	151.82	(1.4 %)	59.70	3.9 %	5.77	18.6 %
2016	93.00	(38.7 %)	18.18	(69.5 %)	(41.72)	(823.6 %)
2017	107.18	15.2 %	26.48	45.7 %	(30.35)	27.2 %
2018	98.98	(7.7 %)	14.09	(46.8 %)	(46.63)	(53.6 %)
2019	146.52	48.0 %	(34.60)	(345.6 %)	(104.99)	(125.2 %)
2020	158.54	8.2 %	14.29	141.3 %	(37.19)	64.6 %
2021	116.04	(26.8 %)	(5.39)	(137.7 %)	(61.49)	(65.3 %)
2022	134.37	15.8 %	19.67	465.1 %	(52.08)	15.3 %
2023	105.50	(21.5 %)	3.02	(84.6 %)	(63.65)	(22.2 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2015	4.53	159.8 %	0.13	-	4.53	0.13
Q2 2015	0.18	(64.6 %)	0.01	-	0.18	0.01
Q3 2015	3.45	5.4 %	0.10	-	3.45	0.10
Q4 2015	(2.86)	(270.1 %)	(0.08)	-	(2.86)	(0.08)
2015	5.39	(25.2 %)	0.16	-	5.39	0.16
Q1 2016	(6.77)	(249.7 %)	(0.20)	-	(6.77)	(0.20)
Q2 2016	(4.61)	(2691.0 %)	(0.14)	-	(4.61)	(0.14)
Q3 2016	(11.26)	(426.7 %)	(0.33)	-	(11.26)	(0.33)
Q4 2016	(19.58)	(584.4 %)	(0.58)	(6.46)	(13.12)	(0.39)
2016	(42.22)	(884.1 %)	(1.25)	(6.46)	(35.77)	(1.06)
Q1 2017	(3.74)	44.8 %	(0.11)	-	(3.74)	(0.11)
Q2 2017	(2.15)	53.4 %	(0.06)	-	(2.15)	(0.06)
Q3 2017	(13.44)	(19.4 %)	(0.40)	-	(13.44)	(0.40)
Q4 2017	(10.92)	44.2 %	(0.32)	4.18	(15.09)	(0.45)
2017	(30.29)	28.3 %	(0.90)	4.18	(34.47)	(1.02)
Q1 2018	(5.66)	(51.2 %)	(0.17)	0.42	(6.07)	(0.18)
Q2 2018	6.61	407.8 %	0.20	10.75	(4.14)	(0.12)
Q3 2018	(7.51)	44.1 %	(0.22)	9.08	(16.59)	(0.49)
Q4 2018	(55.54)	(408.8 %)	(1.65)	(32.39)	(23.15)	(0.69)
2018	(62.10)	(105.0 %)	(1.84)	(12.14)	(49.96)	(1.48)
Q1 2019	(23.51)	(315.6 %)	(0.70)	(0.36)	(23.15)	(0.69)
Q2 2019	(62.28)	(1042.5 %)	(1.85)	(36.30)	(25.98)	(0.77)
Q3 2019	(55.67)	(641.4 %)	(1.65)	(24.42)	(31.26)	(0.93)
Q4 2019	(37.57)	32.4 %	(1.11)	(2.12)	(35.45)	(1.05)
2019	(179.79)	(189.5 %)	(5.33)	(63.20)	(116.58)	(3.46)
Q1 2020	(5.08)	78.4 %	(0.15)	-	(5.08)	(0.15)
Q2 2020	(5.53)	91.1 %	(0.16)	-	(5.53)	(0.16)
Q3 2020	(6.96)	87.5 %	(0.21)	-	(6.96)	(0.21)
Q4 2020	(34.99)	6.9 %	(1.04)	(7.27)	(27.73)	(0.82)
2020	(53.19)	70.4 %	(1.58)	(7.27)	(45.92)	(1.36)
Q1 2021	(1.91)	62.4 %	(0.06)	4.24	(6.15)	(0.18)
Q2 2021	(24.03)	(334.5 %)	(0.61)	-	(24.03)	(0.61)
Q3 2021	(13.28)	(90.9 %)	(0.34)	(6.04)	(7.24)	(0.18)
Q4 2021	(31.33)	10.5 %	(0.80)	(10.14)	(21.19)	(0.54)
2021	(70.55)	(32.6 %)	(1.80)	(11.94)	(58.61)	(1.50)
Q1 2022	(10.56)	(453.1 %)	(0.27)	-	(10.56)	(0.27)
Q2 2022	(18.08)	24.7 %	(0.46)	-	(18.08)	(0.46)
Q3 2022	5.16	138.9 %	0.13	-	5.16	0.13
Q4 2022	(29.33)	6.4 %	(0.75)	-	(29.33)	(0.75)
2022	(51.47)	27.0 %	(1.31)	-	(51.47)	(1.31)
Q1 2023	(13.92)	(31.8 %)	(0.36)	-	(13.92)	(0.36)
Q2 2023	(9.39)	48.1 %	(0.24)	-	(9.39)	(0.24)
Q3 2023	127.80	2375.4 %	3.26	148.44	(20.64)	(0.53)
Q4 2023	(24.16)	17.6 %	(0.62)	(6.43)	(17.73)	(0.45)
2023	80.79	257.0 %	2.06	142.01	(61.22)	(1.56)
Q1 2024	(8.89)	36.1 %	(0.23)	-	(8.89)	(0.23)
Q2 2024	(17.60)	(87.4 %)	(0.45)	-	(17.60)	(0.45)
Q3 2024	(16.81)	(113.2 %)	(0.43)	-	(16.81)	(0.43)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2014	7.20	148.5 %	0.32	-	7.20	0.32
2015	5.39	(25.2 %)	0.16	-	5.39	0.16
2016	(42.22)	(884.1 %)	(1.25)	(6.46)	(35.77)	(1.06)
2017	(30.29)	28.3 %	(0.90)	4.18	(34.47)	(1.02)
2018	(62.10)	(105.0 %)	(1.84)	(12.14)	(49.96)	(1.48)
2019	(179.79)	(189.5 %)	(5.33)	(63.20)	(116.58)	(3.46)
2020	(53.19)	70.4 %	(1.58)	(7.27)	(45.92)	(1.36)
2021	(70.55)	(32.6 %)	(1.80)	(11.94)	(58.61)	(1.50)
2022	(51.47)	27.0 %	(1.31)	-	(51.47)	(1.31)
2023	80.79	257.0 %	2.06	142.01	(61.22)	(1.56)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	39.32 %	20.78 %	6.24 %
Q2 2015	39.13 %	20.69 %	6.07 %
Q3 2015	42.27 %	24.88 %	6.46 %
Q4 2015	39.32 %	21.25 %	3.48 %
2015	39.32 %	21.25 %	3.55 %
Q1 2016	38.42 %	16.98 %	(4.34 %)
Q2 2016	36.34 %	9.76 %	(8.07 %)
Q3 2016	30.26 %	(7.71 %)	(22.49 %)
Q4 2016	19.55 %	(9.91 %)	(38.46 %)
2016	19.55 %	(9.91 %)	(38.46 %)
Q1 2017	16.70 %	(9.62 %)	(32.61 %)
Q2 2017	20.00 %	1.76 %	(30.28 %)
Q3 2017	21.14 %	3.21 %	(31.59 %)
Q4 2017	24.71 %	(1.20 %)	(32.11 %)
2017	24.71 %	(1.20 %)	(32.16 %)
Q1 2018	22.97 %	(2.70 %)	(34.46 %)
Q2 2018	21.15 %	(3.44 %)	(35.22 %)
Q3 2018	19.08 %	(2.94 %)	(38.59 %)
Q4 2018	13.27 %	(15.31 %)	(50.47 %)
2018	14.23 %	(15.82 %)	(50.47 %)
Q1 2019	(1.23 %)	(37.02 %)	(77.03 %)
Q2 2019	(23.62 %)	(57.49 %)	(93.19 %)
Q3 2019	(23.23 %)	(47.24 %)	(85.69 %)
Q4 2019	(24.09 %)	(50.93 %)	(81.94 %)
2019	(23.61 %)	(50.16 %)	(79.57 %)
Q1 2020	(9.63 %)	(31.19 %)	(58.25 %)
Q2 2020	2.49 %	(18.96 %)	(45.36 %)
Q3 2020	9.17 %	(11.61 %)	(31.71 %)
Q4 2020	9.01 %	(4.88 %)	(28.57 %)
2020	9.01 %	(4.88 %)	(28.97 %)
Q1 2021	8.12 %	(6.84 %)	(31.90 %)
Q2 2021	(3.06 %)	(21.02 %)	(46.43 %)
Q3 2021	(5.46 %)	(24.25 %)	(50.87 %)
Q4 2021	(4.64 %)	(29.60 %)	(50.51 %)
2021	(4.64 %)	(29.60 %)	(50.51 %)
Q1 2022	(6.32 %)	(33.39 %)	(54.25 %)
Q2 2022	2.14 %	(24.90 %)	(52.02 %)
Q3 2022	10.70 %	(16.80 %)	(35.35 %)
Q4 2022	14.64 %	(18.15 %)	(39.30 %)
2022	14.64 %	(18.15 %)	(38.30 %)
Q1 2023	15.99 %	(18.70 %)	(41.89 %)
Q2 2023	18.75 %	(17.92 %)	(34.98 %)
Q3 2023	10.68 %	(30.32 %)	(55.77 %)
Q4 2023	2.02 %	(38.20 %)	(58.48 %)
2023	2.86 %	(38.85 %)	(58.03 %)
Q1 2024	(1.63 %)	(45.02 %)	(61.25 %)
Q2 2024	(15.13 %)	(63.62 %)	(81.09 %)
Q3 2024	(47.13 %)	(117.75 %)	(129.89 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2014	37.30 %	18.84 %	4.67 %
2015	39.32 %	21.25 %	3.55 %
2016	19.55 %	(9.91 %)	(38.46 %)
2017	24.71 %	(1.20 %)	(32.16 %)
2018	14.23 %	(15.82 %)	(50.47 %)
2019	(23.61 %)	(50.16 %)	(79.57 %)
2020	9.01 %	(4.88 %)	(28.97 %)
2021	(4.64 %)	(29.60 %)	(50.51 %)
2022	14.64 %	(18.15 %)	(38.30 %)
2023	2.86 %	(38.85 %)	(58.03 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	47.78 %	45.57 %	17.05 %
Q2 2015	37.93 %	15.67 %	0.63 %
Q3 2015	42.66 %	26.45 %	7.79 %
Q4 2015	33.01 %	7.63 %	(5.42 %)
Q1 2016	46.84 %	25.32 %	(51.05 %)
Q2 2016	25.95 %	(25.77 %)	(19.67 %)
Q3 2016	19.20 %	(42.19 %)	(47.12 %)
Q4 2016	3.99 %	10.94 %	(40.52 %)
Q1 2017	23.23 %	14.13 %	(18.11 %)
Q2 2017	40.45 %	23.38 %	(9.33 %)
Q3 2017	23.70 %	(32.04 %)	(50.42 %)
Q4 2017	16.43 %	(2.83 %)	(40.95 %)
Q1 2018	13.99 %	6.57 %	(30.18 %)
Q2 2018	30.64 %	16.95 %	(15.71 %)
Q3 2018	14.94 %	(31.51 %)	(65.82 %)
Q4 2018	(5.60 %)	(47.70 %)	(84.88 %)
Q1 2019	(139.38 %)	(192.54 %)	(283.25 %)
Q2 2019	(38.51 %)	(52.26 %)	(74.84 %)
Q3 2019	(3.51 %)	(20.13 %)	(61.69 %)
Q4 2019	(15.71 %)	(58.40 %)	(74.16 %)
Q1 2020	18.71 %	11.27 %	(14.65 %)
Q2 2020	18.89 %	5.08 %	(14.82 %)
Q3 2020	19.64 %	5.68 %	(14.68 %)
Q4 2020	(21.84 %)	(41.45 %)	(70.78 %)
Q1 2021	18.64 %	7.92 %	(28.65 %)
Q2 2021	(28.49 %)	(55.32 %)	(75.84 %)
Q3 2021	18.45 %	2.84 %	(20.25 %)
Q4 2021	(25.61 %)	(71.96 %)	(78.06 %)
Q1 2022	9.50 %	(12.67 %)	(48.94 %)
Q2 2022	2.60 %	(24.02 %)	(71.63 %)
Q3 2022	33.90 %	13.56 %	9.85 %
Q4 2022	(2.29 %)	(64.57 %)	(83.44 %)
Q1 2023	17.96 %	(16.06 %)	(65.34 %)
Q2 2023	17.37 %	(19.76 %)	(34.92 %)
Q3 2023	13.20 %	(17.51 %)	(42.95 %)
Q4 2023	(137.83 %)	(250.99 %)	(192.30 %)
Q1 2024	2.27 %	(57.33 %)	(106.89 %)
Q2 2024	(41.21 %)	(101.23 %)	(122.32 %)
Q3 2024	(24.52 %)	(85.30 %)	(111.60 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2015	33.73	0.30	0.30	18.07
Q2 2015	33.73	0.29	0.29	18.08
Q3 2015	33.73	0.29	0.29	18.18
Q4 2015	33.73	0.16	0.16	18.10
Q1 2016	33.73	(0.18)	(0.18)	17.99
Q2 2016	33.73	(0.32)	(0.32)	17.18
Q3 2016	33.73	(0.76)	(0.76)	16.81
Q4 2016	33.73	(1.25)	(1.06)	16.39
Q1 2017	33.73	(1.16)	(0.97)	16.28
Q2 2017	33.73	(1.09)	(0.90)	16.22
Q3 2017	33.73	(1.15)	(0.96)	15.82
Q4 2017	33.73	(0.90)	(1.02)	15.50
Q1 2018	33.73	(0.95)	(1.09)	15.33
Q2 2018	33.73	(0.69)	(1.15)	15.46
Q3 2018	33.73	(0.52)	(1.24)	15.24
Q4 2018	33.73	(1.84)	(1.48)	13.58
Q1 2019	33.73	(2.37)	(1.99)	12.89
Q2 2019	33.73	(4.41)	(2.63)	10.91
Q3 2019	33.73	(5.84)	(3.07)	9.24
Q4 2019	33.73	(5.31)	(3.43)	8.28
Q1 2020	33.73	(4.76)	(2.90)	8.15
Q2 2020	33.73	(3.08)	(2.29)	7.93
Q3 2020	33.73	(1.63)	(1.57)	7.78
Q4 2020	33.73	(1.56)	(1.34)	6.70
Q1 2021	33.73	(1.46)	(1.37)	6.65
Q2 2021	39.18	(1.73)	(1.66)	8.73
Q3 2021	39.18	(1.89)	(1.66)	8.42
Q4 2021	39.18	(1.80)	(1.50)	7.60
Q1 2022	39.18	(2.02)	(1.61)	7.34
Q2 2022	39.18	(1.87)	(1.46)	6.86
Q3 2022	39.18	(1.40)	(1.14)	6.64
Q4 2022	39.18	(1.35)	(1.35)	5.87
Q1 2023	39.18	(1.43)	(1.43)	5.98
Q2 2023	39.18	(1.21)	(1.21)	6.12
Q3 2023	39.18	1.92	(1.87)	8.98
Q4 2023	39.18	2.05	(1.57)	8.38
Q1 2024	39.18	2.18	(1.45)	8.04
Q2 2024	39.18	1.97	(1.66)	7.56
Q3 2024	39.18	(1.72)	(1.56)	7.17

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2014	22.48	0.32	0.32	15.79
2015	33.73	0.16	0.16	18.10
2016	33.73	(1.25)	(1.06)	16.39
2017	33.73	(0.90)	(1.02)	15.50
2018	33.73	(1.84)	(1.48)	13.58
2019	33.73	(5.33)	(3.46)	8.28
2020	33.73	(1.58)	(1.36)	6.70
2021	39.18	(1.80)	(1.50)	7.60
2022	39.18	(1.31)	(1.31)	5.87
2023	39.18	2.06	(1.56)	8.38

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2015	91.17	91.17	1.49
Q2 2015	94.02	94.02	1.49
Q3 2015	66.76	66.76	1.07
Q4 2015	More than 100	More than 100	1.11
Q1 2016	NEG	NEG	0.92
Q2 2016	NEG	NEG	1.13
Q3 2016	NEG	NEG	0.82
Q4 2016	NEG	NEG	1.08
Q1 2017	NEG	NEG	1.17
Q2 2017	NEG	NEG	1.25
Q3 2017	NEG	NEG	1.33
Q4 2017	NEG	NEG	1.31
Q1 2018	NEG	NEG	1.22
Q2 2018	NEG	NEG	1.16
Q3 2018	NEG	NEG	1.02
Q4 2018	NEG	NEG	1.13
Q1 2019	NEG	NEG	1.21
Q2 2019	NEG	NEG	1.27
Q3 2019	NEG	NEG	1.33
Q4 2019	NEG	NEG	1.74
Q1 2020	NEG	NEG	1.32
Q2 2020	NEG	NEG	1.75
Q3 2020	NEG	NEG	4.11
Q4 2020	NEG	NEG	4.03
Q1 2021	NEG	NEG	4.67
Q2 2021	NEG	NEG	4.58
Q3 2021	NEG	NEG	4.76
Q4 2021	NEG	NEG	3.93
Q1 2022	NEG	NEG	3.66
Q2 2022	NEG	NEG	2.81
Q3 2022	NEG	NEG	2.59
Q4 2022	NEG	NEG	2.59
Q1 2023	NEG	NEG	2.96
Q2 2023	NEG	NEG	3.02
Q3 2023	8.80	NEG	1.88
Q4 2023	8.42	NEG	2.06
Q1 2024	8.48	NEG	2.30
Q2 2024	8.67	NEG	2.26
Q3 2024	NEG	NEG	2.54

Period	P/E	Adjusted P/E	Price/book
2014	More than 100	More than 100	2.50
2015	More than 100	More than 100	1.11
2016	NEG	NEG	1.08
2017	NEG	NEG	1.31
2018	NEG	NEG	1.13
2019	NEG	NEG	1.74
2020	NEG	NEG	4.03
2021	NEG	NEG	3.93
2022	NEG	NEG	2.59
2023	8.37	NEG	2.06

Business Segments (Million)

Compared With The

Period	Frozen meat	Cereals	Fruits	Feeding	Others	Vegetables	Food products	Sales - Sheep	Sales - trees
Q1 2016	-	0.02	-	5.50	-	5.85	1.71	-	0.20
Q2 2016	-	2.13	13.90	3.32	-	2.60	1.39	-	0.10
Q3 2016	-	1.03	12.60	5.20	-	5.41	(0.41)	-	(0.04)
Q4 2016	-	2.62	0.47	15.27	-	11.57	2.24	0.15	0.18
Q1 2017	-	2.29	0.05	11.32	-	5.41	1.52	0.02	0.05
Q2 2017	-	1.46	11.56	6.64	-	2.08	1.09	0.07	0.12
Q3 2017	-	2.97	8.97	10.88	-	2.87	0.77	0.11	0.07
Q4 2017	-	6.37	2.46	19.52	-	5.38	2.62	0.07	0.45
Q1 2018	-	3.52	1.69	10.18	-	2.58	1.34	0.04	0.79
Q2 2018	-	(3.52)	9.20	11.22	9.50	2.14	(1.34)	(0.04)	(0.79)
Q3 2018	-	18.73	8.22	(2.64)	(1.97)	2.85	-	-	-
Q4 2018	-	(7.65)	8.04	18.84	(1.96)	10.00	-	-	-
Q1 2019	-	1.21	0.07	2.52	1.44	2.93	-	-	-
Q2 2019	-	1.00	9.53	9.41	1.06	0.60	-	-	-
Q3 2019	-	9.77	9.55	(0.14)	7.67	4.42	-	-	-
Q1 2020	7.27	2.68	1.48	19.60	0.93	2.71	-	-	-
Q2 2020	2.78	6.81	8.84	17.67	1.13	0.08	-	-	-
Q3 2020	6.52	6.79	6.19	27.11	0.74	0.05	-	-	-
Q4 2020	10.67	9.16	1.16	16.32	1.33	0.53	-	-	-
Q1 2021	11.40	1.08	1.45	6.53	0.99	-	-	-	-
Q2 2021	10.71	8.97	6.79	4.31	0.92	-	-	-	-
Q3 2021	14.47	6.85	6.94	5.63	1.86	-	-	-	-
Q4 2021	17.17	5.60	0.44	2.74	1.20	-	-	-	-
Q1 2022	18.58	0.15	0.08	0.90	1.87	-	-	-	-
Q2 2022	17.12	0.79	5.76	0.45	1.13	-	-	-	-
Q3 2022	15.30	23.07	7.60	4.45	1.97	-	-	-	-
Q4 2022	15.65	9.66	1.64	3.35	3.35	1.50	-	-	-
Q1 2023	13.29	1.55	0.63	0.81	3.94	1.09	-	-	-
Q4 2023	-	4.38	2.71	0.46	1.62	0.05	-	-	-
Q1 2024	-	-	0.20	1.72	2.49	3.91	-	-	-
Q2 2024	-	6.18	7.61	(1.22)	1.77	0.05	-	-	-

Period	Frozen meat	Cereals	Fruits	Feeding	Others	Vegetables	Food products	Sales - Sheep	Sales - trees
2016	-	5.80	26.98	29.29	-	25.42	4.93	0.15	0.44
2017	-	13.10	23.03	48.36	-	15.74	6.00	0.26	0.69
2018	-	11.09	27.15	37.61	5.57	17.57	-	-	-
2019	22.73	20.66	20.18	68.45	1.10	13.40	-	-	-
2020	27.24	25.44	17.68	80.70	4.12	3.37	-	-	-
2021	53.75	22.49	15.61	19.21	4.97	-	-	-	-
2022	66.65	33.67	15.08	9.14	8.33	1.50	-	-	-
2023	40.16	32.54	19.15	2.00	9.46	2.19	-	-	-

Financial Ratios

	Current
Market Cap (M Riyal)	582.85
Enterprise Value (EV) (M)	649.03
Shares Outstanding ((M))	39.17
EPS ( Riyal) (TTM)	(1.72)
Book Value (BV) ( Riyal)	7.17
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	2.07
Return on Average Assets (%) (TTM)	(13.42 )
Return on Average Equity (%) (TTM)	(21.32 )

Tabuk Agricultural Development Co. (TADCO)

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

TADCO logs SAR 43.9M loss in 9M 2024, SAR 17.4M in Q3

View other reports

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)

Revenue by Business Segment (Latest) 2024 Q3

Financial Ratios

Share Price

Tabuk Agricultural Development Co. (TADCO)

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

×

TADCO logs SAR 43.9M loss in 9M 2024, SAR 17.4M in Q3

View other reports

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) Q2 2024

Revenue by Business Segment (Latest) 2024 Q3

Financial Ratios

Share Price

Tabuk Agricultural Development Co. (TADCO)

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Business Segments (Million)