JAZADCO incurs SAR 53.4M loss in H1 2024, SAR 12.5M in Q2

11/08/2024 Argaam Exclusive

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Jazan Energy and Development Co. (JAZADCO) reported a net loss of SAR 53.4 million for the first half of 2024, against a net profit of SAR 13.2 million in the year-earlier period.

Financials (M)

Item	6m 2023	6m 2024	Change‬
Revenues	54.93	46.31	(15.7 %)
Gross Income	20.16	(5.02)	(124.9 %)
Operating Income	5.73	(20.55)	(458.8 %)
Net Income	13.18	(53.43)	(505.3 %)
Average Shares	50.00	50.00	-
EPS (Riyals)	0.26	(1.07)	(505.3 %)

This was attributed to the revaluation losses of the existing shrimp crop at SAR 32.07 million. In addition, the company posted deferred costs of SAR 8.63 million in the second quarter, which were not offset by production due to a decrease in shrimp biomass. Upon the end of the harvesting season on June 3, 2024, these costs were expensed to the profit and loss

Furthermore, the company's share of profit from associates decreased from SAR 8.80 million to SAR 1.10 million.

Sales dropped by 16% year-on-year (YoY) due to geopolitical and economic conditions in the export markets, namely Russia and Egypt.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2023	Q2 2024	Change‬
Revenues	27.45	29.21	6.4 %
Gross Income	10.34	(2.98)	(128.8 %)
Operating Income	2.71	(9.69)	(457.3 %)
Net Income	11.40	(12.49)	(209.6 %)
Average Shares	50.00	50.00	-
EPS (Riyals)	0.23	(0.25)	(209.6 %)

Item	Q1 2024	Q2 2024	Change‬
Revenues	14.49	29.21	101.6 %
Gross Income	(1.50)	(2.98)	(98.4 %)
Operating Income	(8.11)	(9.69)	(19.4 %)
Net Income	(40.94)	(12.49)	69.5 %
Average Shares	50.00	50.00	-
EPS (Riyals)	(0.82)	(0.25)	69.5 %

The company turned to a loss of SAR 12.5 million in Q2 2024 from earnings of SAR 11.40 million a year earlier, mainly due to operational difficulties at the shrimp farm, resulting in lower biomass production.

Additionally, the company's share of profit from associates was significantly lower this year, at SAR 963,381, compared to SAR 9.44 million a year before.

Meanwhile, JAZADCO narrowed its loss in Q2 2024 from SAR 40.94 million in the previous quarter.

Shareholders’ equity, after minority interest, fell to SAR 449.6 million as of June 30, 2024, from SAR 558.9 million a year earlier.

Accumulated losses stood at SAR 16.54 million by the end of the six-month period, representing 3% of the company’s capital.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2015	11.45	(17.5 %)	2.07	963.3 %	(0.61)	80.0 %
Q2 2015	15.26	0.4 %	3.66	21.7 %	0.93	240.4 %
Q3 2015	28.41	136.0 %	9.42	186.0 %	6.84	1139.7 %
Q4 2015	35.33	46.6 %	12.68	49.5 %	9.93	85.0 %
2015	90.45	38.7 %	27.39	88.3 %	16.32	421.2 %
Q1 2016	20.27	77.0 %	4.36	110.6 %	1.33	318.0 %
Q2 2016	17.45	14.3 %	7.01	91.2 %	3.72	301.3 %
Q3 2016	28.39	0.0 %	9.30	(1.2 %)	6.59	(3.8 %)
Q4 2016	21.26	(39.8 %)	3.88	(69.4 %)	(0.94)	(109.4 %)
2016	87.36	(3.4 %)	24.55	(10.4 %)	10.70	(34.5 %)
Q1 2017	9.63	(52.5 %)	1.22	(72.1 %)	(1.62)	(221.4 %)
Q2 2017	12.50	(28.4 %)	6.96	(0.6 %)	3.76	1.3 %
Q3 2017	28.79	1.4 %	9.74	4.8 %	6.76	2.6 %
Q4 2017	29.33	38.0 %	1.07	(72.3 %)	(4.07)	(333.7 %)
2017	80.24	(8.1 %)	18.99	(22.6 %)	4.83	(54.8 %)
Q1 2018	9.97	3.5 %	0.12	(90.5 %)	(3.25)	(100.5 %)
Q2 2018	12.82	2.6 %	7.64	9.8 %	4.32	14.8 %
Q3 2018	18.57	(35.5 %)	7.03	(27.8 %)	3.69	(45.4 %)
Q4 2018	27.16	(7.4 %)	(5.50)	(612.3 %)	(12.25)	(201.1 %)
2018	68.52	(14.6 %)	9.29	(51.1 %)	(7.49)	(255.0 %)
Q1 2019	16.66	67.1 %	(1.08)	(1039.1 %)	(4.98)	(53.3 %)
Q2 2019	13.28	3.6 %	5.82	(23.9 %)	(1.65)	(138.2 %)
Q3 2019	19.10	2.9 %	3.82	(45.7 %)	(0.46)	(112.5 %)
Q4 2019	22.84	(15.9 %)	7.19	230.7 %	(3.45)	71.8 %
2019	71.88	4.9 %	15.74	69.5 %	(10.54)	(40.8 %)
Q1 2020	22.59	35.6 %	5.95	651.2 %	1.26	125.2 %
Q2 2020	19.09	43.7 %	9.13	56.9 %	1.19	171.9 %
Q3 2020	18.65	(2.4 %)	11.94	212.7 %	7.96	1826.2 %
Q4 2020	24.75	8.4 %	3.76	(47.6 %)	(1.69)	51.0 %
2020	85.07	18.3 %	30.79	95.5 %	8.45	180.2 %
Q1 2021	23.18	2.6 %	6.50	9.2 %	1.80	43.5 %
Q2 2021	19.82	3.8 %	15.22	66.7 %	7.57	538.1 %
Q3 2021	19.16	2.7 %	8.89	(25.5 %)	1.92	(75.9 %)
Q4 2021	36.36	46.9 %	10.34	174.6 %	0.51	130.2 %
2021	98.51	15.8 %	40.94	33.0 %	11.81	39.7 %
Q1 2022	26.31	13.5 %	8.60	32.3 %	2.62	45.4 %
Q2 2022	17.85	(10.0 %)	3.63	(76.2 %)	(6.62)	(187.4 %)
Q3 2022	13.24	(30.9 %)	5.27	(40.7 %)	(0.83)	(143.2 %)
Q4 2022	20.50	(43.6 %)	(1.70)	(116.4 %)	(17.46)	(3517.2 %)
2022	77.89	(20.9 %)	15.79	(61.4 %)	(22.33)	(289.2 %)
Q1 2023	27.48	4.4 %	9.82	14.2 %	3.02	15.1 %
Q2 2023	27.45	53.8 %	10.34	185.0 %	2.71	141.0 %
Q3 2023	13.01	(1.8 %)	6.07	15.3 %	3.03	465.3 %
Q4 2023	12.04	(41.2 %)	(2.17)	(27.5 %)	(12.43)	28.8 %
2023	84.33	8.3 %	22.27	41.0 %	(4.97)	77.7 %
Q1 2024	14.49	(47.3 %)	(1.50)	(115.3 %)	(8.11)	(369.0 %)
Q2 2024	29.21	6.4 %	(2.98)	(128.8 %)	(9.69)	(457.3 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2014	65.22	46.6 %	14.54	219.2 %	3.13	109.4 %
2015	90.45	38.7 %	27.39	88.3 %	16.32	421.2 %
2016	87.36	(3.4 %)	24.55	(10.4 %)	10.70	(34.5 %)
2017	80.24	(8.1 %)	18.99	(22.6 %)	4.83	(54.8 %)
2018	68.52	(14.6 %)	9.29	(51.1 %)	(7.49)	(255.0 %)
2019	71.88	4.9 %	15.74	69.5 %	(10.54)	(40.8 %)
2020	85.07	18.3 %	30.79	95.5 %	8.45	180.2 %
2021	98.51	15.8 %	40.94	33.0 %	11.81	39.7 %
2022	77.89	(20.9 %)	15.79	(61.4 %)	(22.33)	(289.2 %)
2023	84.33	8.3 %	22.27	41.0 %	(4.97)	77.7 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2015	0.07	103.5 %	0.00	-	0.07	0.00
Q2 2015	3.55	209.0 %	0.07	-	3.55	0.07
Q3 2015	7.24	104.0 %	0.14	-	7.24	0.14
Q4 2015	13.16	129.5 %	0.26	-	13.16	0.26
2015	22.20	182.6 %	0.44	-	22.20	0.44
Q1 2016	1.23	1613.9 %	0.02	-	1.23	0.02
Q2 2016	3.62	1.9 %	0.07	-	3.62	0.07
Q3 2016	6.49	(10.4 %)	0.13	-	6.49	0.13
Q4 2016	(2.38)	(118.0 %)	(0.05)	-	(2.38)	(0.05)
2016	8.96	(59.6 %)	0.18	-	8.96	0.18
Q1 2017	(1.72)	(239.4 %)	(0.03)	-	(1.72)	(0.03)
Q2 2017	3.66	1.3 %	0.07	-	3.66	0.07
Q3 2017	6.66	2.6 %	0.13	-	6.66	0.13
Q4 2017	(5.37)	(126.3 %)	(0.11)	-	(5.37)	(0.11)
2017	3.22	(64.0 %)	0.06	-	3.22	0.06
Q1 2018	(3.56)	(107.0 %)	(0.07)	-	(3.56)	(0.07)
Q2 2018	4.22	15.2 %	0.08	-	4.22	0.08
Q3 2018	3.14	(52.9 %)	0.06	-	3.14	0.06
Q4 2018	(13.91)	(158.8 %)	(0.28)	-	(13.91)	(0.28)
2018	(10.11)	(413.7 %)	(0.20)	-	(10.11)	(0.20)
Q1 2019	(5.23)	(47.0 %)	(0.10)	-	(5.23)	(0.10)
Q2 2019	(1.77)	(142.0 %)	(0.04)	-	(1.77)	(0.04)
Q3 2019	(1.32)	(141.9 %)	(0.03)	-	(1.32)	(0.03)
Q4 2019	(4.58)	67.1 %	(0.09)	-	(4.58)	(0.09)
2019	(12.90)	(27.6 %)	(0.26)	-	(12.90)	(0.26)
Q1 2020	0.52	110.0 %	0.01	-	0.52	0.01
Q2 2020	0.66	137.3 %	0.01	-	0.66	0.01
Q3 2020	8.45	742.4 %	0.17	-	8.45	0.17
Q4 2020	1.15	125.1 %	0.02	4.09	(2.94)	(0.06)
2020	10.78	183.6 %	0.22	4.09	6.70	0.13
Q1 2021	2.03	287.6 %	0.04	-	2.03	0.04
Q2 2021	7.84	1086.4 %	0.16	-	7.84	0.16
Q3 2021	2.35	(72.2 %)	0.05	-	2.35	0.05
Q4 2021	(0.09)	(107.7 %)	0.00	-	(0.09)	0.00
2021	12.13	12.5 %	0.24	-	12.13	0.24
Q1 2022	3.56	75.5 %	0.07	-	3.56	0.07
Q2 2022	24.65	214.3 %	0.49	31.37	(6.72)	(0.13)
Q3 2022	(1.08)	(146.1 %)	(0.02)	-	(1.08)	(0.02)
Q4 2022	(16.54)	(18,481.7 %)	(0.33)	(5.97)	(10.57)	(0.21)
2022	10.71	(11.7 %)	0.21	25.40	(14.69)	(0.29)
Q1 2023	1.78	(50.0 %)	0.04	-	1.78	0.04
Q2 2023	11.40	(53.8 %)	0.23	-	11.40	0.23
Q3 2023	5.47	605.6 %	0.11	-	5.47	0.11
Q4 2023	(16.89)	(2.1 %)	(0.34)	-	(16.89)	(0.34)
2023	1.76	(83.6 %)	0.04	-	1.76	0.04
Q1 2024	(40.94)	(2396.5 %)	(0.82)	(32.08)	(8.86)	(0.18)
Q2 2024	(12.49)	(209.6 %)	(0.25)	-	(12.49)	(0.25)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2014	7.86	(92.2 %)	0.16	-	7.86	0.16
2015	22.20	182.6 %	0.44	-	22.20	0.44
2016	8.96	(59.6 %)	0.18	-	8.96	0.18
2017	3.22	(64.0 %)	0.06	-	3.22	0.06
2018	(10.11)	(413.7 %)	(0.20)	-	(10.11)	(0.20)
2019	(12.90)	(27.6 %)	(0.26)	-	(12.90)	(0.26)
2020	10.78	183.6 %	0.22	4.09	6.70	0.13
2021	12.13	12.5 %	0.24	-	12.13	0.24
2022	10.71	(11.7 %)	0.21	25.40	(14.69)	(0.29)
2023	1.76	(83.6 %)	0.04	-	1.76	0.04

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	26.84 %	25.77 %	16.72 %
Q2 2015	27.86 %	28.53 %	20.53 %
Q3 2015	29.83 %	32.21 %	20.94 %
Q4 2015	30.76 %	34.91 %	26.55 %
2015	30.28 %	34.06 %	24.54 %
Q1 2016	30.34 %	34.70 %	25.37 %
Q2 2016	32.98 %	36.99 %	24.89 %
Q3 2016	32.87 %	37.04 %	24.15 %
Q4 2016	28.10 %	30.90 %	10.26 %
2016	28.10 %	30.89 %	10.26 %
Q1 2017	27.89 %	31.76 %	7.83 %
Q2 2017	29.76 %	34.31 %	8.43 %
Q3 2017	30.21 %	34.55 %	8.62 %
Q4 2017	23.67 %	27.34 %	4.02 %
2017	23.67 %	27.34 %	4.02 %
Q1 2018	22.20 %	25.27 %	1.72 %
Q2 2018	22.95 %	25.91 %	2.40 %
Q3 2018	22.44 %	25.35 %	(2.23 %)
Q4 2018	13.55 %	14.37 %	(14.76 %)
2018	13.55 %	14.37 %	(14.76 %)
Q1 2019	10.76 %	10.86 %	(15.67 %)
Q2 2019	8.28 %	2.97 %	(23.50 %)
Q3 2019	4.01 %	(2.35 %)	(29.17 %)
Q4 2019	21.90 %	1.13 %	(17.95 %)
2019	21.90 %	1.13 %	(17.95 %)
Q1 2020	29.27 %	6.93 %	(9.18 %)
Q2 2020	31.20 %	8.15 %	(5.64 %)
Q3 2020	41.13 %	16.34 %	6.07 %
Q4 2020	36.19 %	23.26 %	7.87 %
2020	36.19 %	22.96 %	7.87 %
Q1 2021	36.58 %	24.29 %	9.58 %
Q2 2021	43.31 %	31.73 %	17.81 %
Q3 2021	39.55 %	25.03 %	10.68 %
Q4 2021	41.56 %	25.10 %	12.31 %
2021	41.56 %	25.10 %	12.31 %
Q1 2022	42.34 %	25.29 %	13.44 %
Q2 2022	31.55 %	11.71 %	(0.90 %)
Q3 2022	29.68 %	9.64 %	(4.62 %)
Q4 2022	20.27 %	(11.58 %)	(19.00 %)
2022	20.27 %	(11.63 %)	(18.85 %)
Q1 2023	21.52 %	(11.16 %)	(20.98 %)
Q2 2023	26.76 %	0.21 %	1.73 %
Q3 2023	27.74 %	4.24 %	9.14 %
Q4 2023	30.09 %	11.14 %	2.20 %
2023	26.40 %	9.02 %	2.09 %
Q1 2024	19.02 %	(3.24 %)	(13.26 %)
Q2 2024	(0.83 %)	(20.93 %)	(47.67 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2014	22.30 %	21.10 %	12.05 %
2015	30.28 %	34.06 %	24.54 %
2016	28.10 %	30.89 %	10.26 %
2017	23.67 %	27.34 %	4.02 %
2018	13.55 %	14.37 %	(14.76 %)
2019	21.90 %	1.13 %	(17.95 %)
2020	36.19 %	22.96 %	7.87 %
2021	41.56 %	25.10 %	12.31 %
2022	20.27 %	(11.63 %)	(18.85 %)
2023	26.40 %	9.02 %	2.09 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	18.10 %	20.82 %	0.63 %
Q2 2015	24.01 %	30.78 %	23.24 %
Q3 2015	33.14 %	37.62 %	25.47 %
Q4 2015	35.88 %	39.08 %	37.26 %
Q1 2016	21.53 %	25.91 %	6.09 %
Q2 2016	40.15 %	44.59 %	20.73 %
Q3 2016	32.75 %	37.82 %	22.84 %
Q4 2016	18.26 %	15.16 %	(11.17 %)
Q1 2017	12.62 %	27.29 %	(17.86 %)
Q2 2017	55.71 %	64.34 %	29.32 %
Q3 2017	33.84 %	38.37 %	23.12 %
Q4 2017	3.66 %	0.77 %	(18.32 %)
Q1 2018	1.15 %	10.60 %	(35.71 %)
Q2 2018	59.59 %	67.35 %	32.90 %
Q3 2018	37.87 %	43.11 %	16.89 %
Q4 2018	(20.26 %)	(28.91 %)	(51.22 %)
Q1 2019	(6.48 %)	(3.76 %)	(31.42 %)
Q2 2019	43.78 %	20.45 %	(13.34 %)
Q3 2019	19.99 %	20.80 %	(6.88 %)
Q4 2019	31.48 %	(22.98 %)	(20.07 %)
Q1 2020	26.35 %	17.51 %	2.32 %
Q2 2020	47.82 %	21.65 %	3.46 %
Q3 2020	64.02 %	57.65 %	45.29 %
Q4 2020	15.21 %	3.85 %	(11.86 %)
Q1 2021	28.04 %	21.44 %	8.76 %
Q2 2021	76.77 %	54.18 %	39.56 %
Q3 2021	46.40 %	26.59 %	12.25 %
Q4 2021	28.43 %	10.78 %	(0.24 %)
Q1 2022	32.68 %	22.61 %	13.54 %
Q2 2022	20.33 %	(18.43 %)	(37.66 %)
Q3 2022	39.78 %	18.54 %	(8.16 %)
Q4 2022	(8.29 %)	(68.95 %)	(51.54 %)
Q1 2023	35.73 %	22.36 %	6.49 %
Q2 2023	37.66 %	20.81 %	41.53 %
Q3 2023	46.70 %	46.30 %	42.02 %
Q4 2023	(18.00 %)	(74.52 %)	(140.21 %)
Q1 2024	(10.35 %)	(34.03 %)	(61.16 %)
Q2 2024	(10.19 %)	(22.28 %)	(42.77 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2015	50.00	0.21	0.21	12.06
Q2 2015	50.00	0.26	0.26	12.09
Q3 2015	50.00	0.33	0.33	12.20
Q4 2015	50.00	0.48	0.48	12.42
Q1 2016	50.00	0.50	0.50	12.19
Q2 2016	50.00	0.50	0.50	12.28
Q3 2016	50.00	0.49	0.49	12.39
Q4 2016	50.00	0.18	0.18	11.66
Q1 2017	50.00	0.12	0.12	11.66
Q2 2017	50.00	0.12	0.12	11.73
Q3 2017	50.00	0.12	0.12	11.86
Q4 2017	50.00	0.06	0.06	11.75
Q1 2018	50.00	0.03	0.03	11.68
Q2 2018	50.00	0.04	0.04	11.76
Q3 2018	50.00	(0.03)	(0.03)	11.82
Q4 2018	50.00	(0.20)	(0.20)	10.58
Q1 2019	50.00	(0.24)	(0.24)	11.34
Q2 2019	50.00	(0.36)	(0.36)	11.30
Q3 2019	50.00	(0.44)	(0.44)	11.27
Q4 2019	50.00	(0.26)	(0.26)	10.25
Q1 2020	50.00	(0.14)	(0.14)	10.80
Q2 2020	50.00	(0.09)	(0.09)	10.82
Q3 2020	50.00	0.10	0.10	10.61
Q4 2020	50.00	0.22	0.13	10.48
Q1 2021	50.00	0.25	0.16	10.52
Q2 2021	50.00	0.39	0.31	10.69
Q3 2021	50.00	0.27	0.19	10.73
Q4 2021	50.00	0.24	0.24	10.85
Q1 2022	50.00	0.27	0.27	10.96
Q2 2022	50.00	0.61	(0.02)	11.42
Q3 2022	50.00	0.54	(0.09)	11.40
Q4 2022	50.00	0.21	(0.30)	10.26
Q1 2023	50.00	0.18	(0.33)	10.29
Q2 2023	50.00	(0.09)	0.03	11.18
Q3 2023	50.00	0.04	0.16	11.29
Q4 2023	50.00	0.04	0.04	10.16
Q1 2024	50.00	(0.82)	(0.18)	9.24
Q2 2024	50.00	(1.30)	(0.66)	8.99

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2014	50.00	0.16	0.16	12.04
2015	50.00	0.44	0.44	12.42
2016	50.00	0.18	0.18	11.66
2017	50.00	0.06	0.06	11.75
2018	50.00	(0.20)	(0.20)	10.58
2019	50.00	(0.26)	(0.26)	10.25
2020	50.00	0.22	0.13	10.48
2021	50.00	0.24	0.24	10.85
2022	50.00	0.21	(0.29)	10.26
2023	50.00	0.04	0.04	10.16

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2015	68.23	68.23	1.19
Q2 2015	57.28	57.28	1.22
Q3 2015	33.52	33.52	0.91
Q4 2015	35.72	35.72	1.38
Q1 2016	24.21	24.21	1.00
Q2 2016	23.45	23.45	0.96
Q3 2016	17.18	17.18	0.68
Q4 2016	61.88	61.88	0.95
Q1 2017	More than 100	More than 100	1.18
Q2 2017	More than 100	More than 100	1.20
Q3 2017	More than 100	More than 100	1.56
Q4 2017	More than 100	More than 100	1.45
Q1 2018	More than 100	More than 100	1.46
Q2 2018	More than 100	More than 100	1.38
Q3 2018	NEG	NEG	1.29
Q4 2018	NEG	NEG	1.40
Q1 2019	NEG	NEG	1.21
Q2 2019	NEG	NEG	1.12
Q3 2019	NEG	NEG	1.07
Q4 2019	NEG	NEG	1.14
Q1 2020	NEG	NEG	0.88
Q2 2020	NEG	NEG	1.05
Q3 2020	More than 100	More than 100	1.52
Q4 2020	77.15	More than 100	1.59
Q1 2021	86.65	More than 100	2.02
Q2 2021	68.95	87.27	2.51
Q3 2021	92.14	More than 100	2.30
Q4 2021	79.31	79.31	1.77
Q1 2022	70.85	70.85	1.77
Q2 2022	24.55	NEG	1.31
Q3 2022	24.92	NEG	1.18
Q4 2022	57.96	NEG	1.20
Q1 2023	77.50	NEG	1.33
Q2 2023	NEG	More than 100	1.33
Q3 2023	More than 100	93.05	1.33
Q4 2023	More than 100	More than 100	1.50
Q1 2024	NEG	NEG	1.73
Q2 2024	NEG	NEG	1.73

Period	P/E	Adjusted P/E	Price/book
2014	89.04	89.04	1.16
2015	38.65	38.65	1.38
2016	61.89	61.89	0.95
2017	More than 100	More than 100	1.45
2018	NEG	NEG	1.40
2019	NEG	NEG	1.14
2020	77.16	More than 100	1.59
2021	79.31	79.31	1.77
2022	57.32	NEG	1.20
2023	More than 100	More than 100	1.50

Business Segments (Million)

Compared With The

Period	Agricultural Activity	Water bottling Segment	Shrimp Farming Segment	Commercial sector	Properties for development and sale
Q1 2015	1.05	-	-	6.95	3.45
Q2 2015	0.50	-	-	10.71	4.05
Q3 2015	13.01	-	-	11.33	4.08
Q4 2015	21.07	-	-	9.83	4.44
Q1 2016	6.35	-	-	9.65	4.26
Q2 2016	0.58	-	-	12.21	4.65
Q3 2016	15.61	-	-	8.16	4.62
Q4 2016	8.34	-	-	8.08	4.84
Q1 2017	0.59	-	-	4.19	4.86
Q2 2017	0.76	-	-	7.26	4.48
Q3 2017	20.34	-	-	4.03	4.41
Q4 2017	17.94	-	-	7.34	4.05
Q1 2018	1.08	-	-	4.89	4.00
Q2 2018	0.67	-	-	8.41	3.74
Q3 2018	7.77	-	-	7.23	3.57
Q4 2018	17.97	-	-	5.78	3.41
Q1 2019	7.95	-	-	5.87	2.84
Q2 2019	3.35	-	-	7.41	2.53
Q3 2019	8.77	-	-	8.44	1.89
Q4 2019	14.13	-	-	6.31	2.40
Q1 2020	14.56	-	-	5.45	2.58
Q2 2020	11.95	-	-	4.33	2.80
Q3 2020	10.17	-	-	5.52	2.96
Q4 2020	17.32	-	-	4.49	2.94
Q1 2021	16.07	-	-	4.41	2.70
Q2 2021	11.88	-	-	4.79	3.15
Q3 2021	13.13	-	-	3.04	2.99
Q4 2021	25.07	-	-	8.32	2.96
Q1 2022	20.03	-	-	3.14	3.14
Q2 2022	5.33	-	-	9.25	3.26
Q3 2022	7.73	-	-	2.53	2.98
Q1 2023	3.85	2.60	17.83	-	3.21
Q2 2023	6.35	3.72	14.13	-	3.24
Q3 2023	0.92	-	8.89	-	3.19
Q1 2024	0.61	3.04	8.00	-	2.84
Q2 2024	7.16	2.62	19.20	-	2.84

Period	Agricultural Activity	Water bottling Segment	Shrimp Farming Segment	Commercial sector	Properties for development and sale
2014	27.71	-	-	33.41	4.10
2015	35.63	-	-	38.81	16.01
2016	30.88	-	-	38.11	18.37
2017	39.63	-	-	22.82	17.80
2018	27.49	-	-	26.31	14.73
2019	34.19	-	-	28.03	9.66
2020	54.00	-	-	19.80	11.28
2021	66.16	-	-	20.55	11.79
2022	8.93	19.88	36.31	-	12.78
2023	8.68	14.18	48.89	-	12.58

Financial Ratios

	Current
Market Cap (M Riyal)	648.00
Enterprise Value (EV) (M)	678.31
Shares Outstanding ((M))	50.00
EPS ( Riyal) (TTM)	(1.78)
Book Value (BV) ( Riyal)	8.62
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	1.50
Return on Average Assets (%) (TTM)	(14.99 )
Return on Average Equity (%) (TTM)	(17.92 )

Jazan Development and Investment Co. (JAZADCO)

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JAZADCO incurs SAR 53.4M loss in H1 2024, SAR 12.5M in Q2

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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 Q2

Financial Ratios

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Jazan Development and Investment Co. (JAZADCO)

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JAZADCO incurs SAR 53.4M loss in H1 2024, SAR 12.5M in Q2

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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) Q2 2024

Revenue by Business Segment (Latest) 2024 Q2

Financial Ratios

Share Price

Jazan Development and Investment Co. (JAZADCO)

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Business Segments (Million)