JAZADCO turns to SAR 72.3M loss in 9M 2024, SAR 18.8M in Q3

11/11/2024 Argaam Exclusive

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Jazan Energy and Development Co. (JAZADCO) reported a net loss of SAR 72.3 million in the first nine months of 2024, against a net profit of 18.7 million in the year-ago period.

Financials (M)

Item	9m 2023	9m 2024	Change‬
Revenues	61.61	63.06	2.3 %
Gross Income	24.37	(4.39)	(118.0 %)
Operating Income	8.83	(23.94)	(371.3 %)
Net Income	18.65	(72.28)	(487.6 %)
Average Shares	50.00	50.00	-
EPS (Riyals)	0.37	(1.45)	(487.6 %)

This was primarily due to revaluation losses for the existing shrimp crop in the first quarter of 2024, amounting to SAR 32.07 million. Additionally, costs of SAR 8.63 million were incurred in Q2 2024 without corresponding biomass production, which were realized in the profit and loss statement following the end of the harvest season on June 3, 2024.

Furthermore, the company's share of profit from associates declined significantly from SAR 9.64 million to SAR 1.24 million. There were also losses of SAR 6.79 million from the disposal of assets held for sale due to the closure of the water factory’s first production line in the previous quarter.

Sales for the nine-month period showed modest growth of 2.35% year-on-year (YoY), reflecting steady demand for shrimp and fruit products despite market challenges.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2023	Q3 2024	Change‬
Revenues	13.01	22.40	72.2 %
Gross Income	6.07	0.07	(98.8 %)
Operating Income	3.03	(7.22)	(338.6 %)
Net Income	5.47	(18.85)	(444.8 %)
Average Shares	50.00	50.00	-
EPS (Riyals)	0.11	(0.38)	(444.8 %)

Item	Q2 2024	Q3 2024	Change‬
Revenues	29.21	22.40	(23.3 %)
Gross Income	(2.98)	0.07	102.4 %
Operating Income	(9.69)	(7.22)	25.4 %
Net Income	(12.49)	(18.85)	(50.9 %)
Average Shares	50.00	50.00	-
EPS (Riyals)	(0.25)	(0.38)	(50.9 %)

In Q3 2024, JAZADCO swung to losses of SAR 18.8 million from earnings of SAR 5.47 million in Q3 2023, primarily due to losses from the disposal of assets held for sale, following the full closure of the first production line at the water factory.

Meanwhile, the company widened the three-month losses from SAR 12.49 million in Q2 2024.

Shareholders’ equity, excluding minority interest, amounted to SAR 430.94 million by the end of the current period, down from SAR 564.39 million a year ago.

Accumulated losses reached SAR 18.44 million as of Sept. 30, 2024, representing 3.69% 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 %)
Q3 2024	22.40	72.2 %	0.07	(98.8 %)	(7.22)	(338.6 %)

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)
Q3 2024	(18.85)	(444.8 %)	(0.38)	(6.79)	(12.06)	(0.24)

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 %)
Q3 2024	(8.41 %)	(31.44 %)	(64.37 %)

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 %)
Q3 2024	0.32 %	(18.55 %)	(53.82 %)

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
Q3 2024	50.00	(1.78)	(1.01)	8.62

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
Q3 2024	NEG	NEG	1.64

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	Shrimp Farming Segment	Water bottling Segment	Agricultural Activity	Properties for development and sale	Commercial sector
Q1 2015	-	-	1.05	3.45	6.95
Q2 2015	-	-	0.50	4.05	10.71
Q3 2015	-	-	13.01	4.08	11.33
Q4 2015	-	-	21.07	4.44	9.83
Q1 2016	-	-	6.35	4.26	9.65
Q2 2016	-	-	0.58	4.65	12.21
Q3 2016	-	-	15.61	4.62	8.16
Q4 2016	-	-	8.34	4.84	8.08
Q1 2017	-	-	0.59	4.86	4.19
Q2 2017	-	-	0.76	4.48	7.26
Q3 2017	-	-	20.34	4.41	4.03
Q4 2017	-	-	17.94	4.05	7.34
Q1 2018	-	-	1.08	4.00	4.89
Q2 2018	-	-	0.67	3.74	8.41
Q3 2018	-	-	7.77	3.57	7.23
Q4 2018	-	-	17.97	3.41	5.78
Q1 2019	-	-	7.95	2.84	5.87
Q2 2019	-	-	3.35	2.53	7.41
Q3 2019	-	-	8.77	1.89	8.44
Q4 2019	-	-	14.13	2.40	6.31
Q1 2020	-	-	14.56	2.58	5.45
Q2 2020	-	-	11.95	2.80	4.33
Q3 2020	-	-	10.17	2.96	5.52
Q4 2020	-	-	17.32	2.94	4.49
Q1 2021	-	-	16.07	2.70	4.41
Q2 2021	-	-	11.88	3.15	4.79
Q3 2021	-	-	13.13	2.99	3.04
Q4 2021	-	-	25.07	2.96	8.32
Q1 2022	-	-	20.03	3.14	3.14
Q2 2022	-	-	5.33	3.26	9.25
Q3 2022	-	-	7.73	2.98	2.53
Q1 2023	17.83	2.60	3.85	3.21	-
Q2 2023	14.13	3.72	6.35	3.24	-
Q3 2023	8.89	-	0.92	3.19	-
Q1 2024	8.00	3.04	0.61	2.84	-
Q2 2024	19.20	2.62	7.16	2.84	-
Q3 2024	19.00	-	0.50	2.90	-

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

Financial Ratios

	Current
Market Cap (M Riyal)	656.00
Enterprise Value (EV) (M)	686.31
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	1.52
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 turns to SAR 72.3M loss in 9M 2024, SAR 18.8M in Q3

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Financials (M)

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Financial results (Million)

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Profit Performance (Million)

Profitability

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Per Share Data (Riyal)

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Jazan Development and Investment Co. (JAZADCO)

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JAZADCO turns to SAR 72.3M loss in 9M 2024, SAR 18.8M in Q3

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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) Q3 2024

Revenue by Business Segment (Latest) 2024 Q3

Financial Ratios

Share Price

Jazan Development and Investment Co. (JAZADCO)

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Business Segments (Million)