Baazeem profit rises 8% to SAR 23.3M in 2024; Q4 at SAR 5.2M

Baazeem profit rises 8% to SAR 23.3M in 2024; Q4 at SAR 5.2M

06/03/2025 Argaam Exclusive

View other reports

Baazeem Trading Co. reported a net profit of SAR 23.3 million by the end of 2024, from SAR 21.7 million in the same period last year.



Financials (M)

Item 2023 2024 Change‬
Revenues 257.11 263.37 2.4 %
Gross Income 98.92 101.89 3.0 %
Operating Income 25.97 26.54 2.2 %
Net Income 21.65 23.31 7.6 %
Average Shares 101.25 101.25 -
Earnings Per Share before unusual items 0.21 0.23 7.6 %
EPS (Riyals) 0.21 0.23 7.6 %

Baazeem attributed the annual profit growth to sales generated from the new brand, a 2.43% increase in overall sales, and the optimization of the cost of sales.

 

In Q4 2024, net earnings leapt 27% to SAR 5.2 million, compared with SAR 4.09 million in Q4 2023.

 

On a quarterly basis, the bottom line also grew 2.9% from SAR 5.03 million in Q3 2024.



Current Quarter Comparison (M)

Compared With The
Item Q4 2023 Q4 2024 Change‬
Revenues 61.86 70.59 14.1 %
Gross Income 27.02 27.32 1.1 %
Operating Income 5.19 6.08 17.2 %
Net Income 4.09 5.18 26.5 %
Average Shares 101.25 101.25 -
Earnings Per Share before unusual items 0.04 0.05 26.5 %
EPS (Riyals) 0.04 0.05 26.5 %

Shareholders’ equity, no minority interest, reached SAR 199.15 million by the end of 2024, up from SAR 194.05 million a year earlier.

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 - - - - - -
Q2 2015 - - - - - -
Q3 2015 10.86 - 0.11 - 10.86 0.11
Q4 2015 9.07 - 0.09 - 9.07 0.09
Q1 2016 5.89 - 0.06 - 5.89 0.06
Q2 2016 10.70 - 0.11 - 10.70 0.11
Q3 2016 7.23 (33.5 %) 0.07 - 7.23 0.07
Q4 2016 9.38 3.4 % 0.09 - 9.38 0.09
Q1 2017 6.36 7.9 % 0.06 - 6.36 0.06
Q2 2017 11.45 7.0 % 0.11 - 11.45 0.11
Q3 2017 3.95 (45.4 %) 0.04 - 3.95 0.04
Q4 2017 2.80 (70.2 %) 0.03 - 2.80 0.03
Q1 2018 6.47 1.7 % 0.06 - 6.47 0.06
Q2 2018 5.34 (53.4 %) 0.05 - 5.34 0.05
Q3 2018 3.66 (7.3 %) 0.04 - 3.66 0.04
Q4 2018 4.99 78.4 % 0.05 - 4.99 0.05
Q1 2019 7.02 8.5 % 0.07 - 7.02 0.07
Q2 2019 5.36 0.4 % 0.05 - 5.36 0.05
Q3 2019 3.11 (15.1 %) 0.03 - 3.11 0.03
Q4 2019 5.14 3.1 % 0.05 - 5.14 0.05
Q1 2020 8.91 26.9 % 0.09 - 8.91 0.09
Q2 2020 6.59 22.9 % 0.07 - 6.59 0.07
Q3 2020 4.89 57.5 % 0.05 - 4.89 0.05
Q4 2020 5.88 14.4 % 0.06 - 5.88 0.06
Q1 2021 9.78 9.9 % 0.10 - 9.78 0.10
Q2 2021 4.91 (25.5 %) 0.05 - 4.91 0.05
Q3 2021 4.18 (14.5 %) 0.04 - 4.18 0.04
Q4 2021 2.68 (54.4 %) 0.03 - 2.68 0.03
Q1 2022 8.89 (9.1 %) 0.09 - 8.89 0.09
Q2 2022 4.55 (7.2 %) 0.04 - 4.55 0.04
Q3 2022 4.04 (3.3 %) 0.04 - 4.04 0.04
Q4 2022 4.29 60.1 % 0.04 - 4.29 0.04
Q1 2023 8.94 0.6 % 0.09 - 8.94 0.09
Q2 2023 4.72 3.7 % 0.05 - 4.72 0.05
Q3 2023 3.90 (3.7 %) 0.04 - 3.90 0.04
Q4 2023 4.09 (4.6 %) 0.04 - 4.09 0.04
Q1 2024 8.52 (4.7 %) 0.08 - 8.52 0.08
Q2 2024 4.57 (3.1 %) 0.05 - 4.57 0.05
Q3 2024 5.03 29.2 % 0.05 - 5.03 0.05
Q4 2024 5.18 26.5 % 0.05 - 5.18 0.05
2024 23.31 7.6 % 0.23 - 23.31 0.23


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2015 - - - - - -
Q2 2015 - - - - - -
Q3 2015 77.25 - 33.87 - 12.20 -
Q4 2015 104.19 - 45.12 - 9.27 -
Q1 2016 77.45 - 33.22 - 6.62 -
Q2 2016 96.96 - 41.83 - 13.51 -
Q3 2016 75.39 (2.4 %) 31.35 (7.4 %) 6.39 (47.6 %)
Q4 2016 93.68 (10.1 %) 42.49 (5.8 %) 8.53 (7.9 %)
Q1 2017 76.35 (1.4 %) 26.08 (21.5 %) 6.97 5.4 %
Q2 2017 95.25 (1.8 %) 48.57 16.1 % 13.08 (3.2 %)
Q3 2017 66.28 (12.1 %) 25.54 (18.5 %) 4.78 (25.2 %)
Q4 2017 92.66 (1.1 %) 37.10 (12.7 %) 5.53 (35.2 %)
Q1 2018 71.36 (6.5 %) 28.69 10.0 % 7.50 7.6 %
Q2 2018 81.36 (14.6 %) 36.62 (24.6 %) 7.07 (45.9 %)
Q3 2018 65.86 (0.6 %) 26.65 4.3 % 5.52 15.5 %
Q4 2018 83.83 (9.5 %) 32.44 (12.6 %) 7.47 35.1 %
Q1 2019 64.69 (9.4 %) 21.41 (25.4 %) 8.72 16.2 %
Q2 2019 66.71 (18.0 %) 21.18 (42.2 %) 6.90 (2.5 %)
Q3 2019 60.16 (8.7 %) 17.56 (34.1 %) 4.59 (16.9 %)
Q4 2019 68.70 (18.0 %) 23.31 (28.1 %) 7.61 2.0 %
Q1 2020 80.87 25.0 % 31.05 45.1 % 10.62 21.8 %
Q2 2020 71.75 7.6 % 22.84 7.9 % 8.30 20.3 %
Q3 2020 66.00 9.7 % 24.95 42.0 % 6.38 39.0 %
Q4 2020 66.86 (2.7 %) 26.89 15.4 % 7.10 (6.7 %)
Q1 2021 79.84 (1.3 %) 29.09 (6.3 %) 11.31 6.5 %
Q2 2021 59.38 (17.2 %) 25.18 10.2 % 6.01 (27.5 %)
Q3 2021 59.52 (9.8 %) 20.70 (17.0 %) 4.82 (24.5 %)
Q4 2021 61.18 (8.5 %) 22.01 (18.1 %) 5.72 (19.4 %)
Q1 2022 74.44 (6.8 %) 26.62 (8.5 %) 10.07 (11.0 %)
Q2 2022 58.45 (1.6 %) 23.06 (8.4 %) 5.29 (11.9 %)
Q3 2022 63.21 6.2 % 22.46 8.5 % 5.36 11.3 %
Q4 2022 67.25 9.9 % 25.74 16.9 % 6.19 8.3 %
Q1 2023 75.44 1.4 % 26.72 0.4 % 10.13 0.6 %
Q2 2023 59.35 1.5 % 24.93 8.1 % 5.75 8.6 %
Q3 2023 60.46 (4.4 %) 20.24 (9.9 %) 4.90 (8.7 %)
Q4 2023 61.86 (8.0 %) 27.02 5.0 % 5.19 (16.2 %)
Q1 2024 70.43 (6.6 %) 26.49 (0.9 %) 9.26 (8.6 %)
Q2 2024 57.55 (3.0 %) 24.91 (0.1 %) 5.30 (7.9 %)
Q3 2024 64.79 7.2 % 23.17 14.5 % 5.90 20.5 %
Q4 2024 70.59 14.1 % 27.32 1.1 % 6.08 17.2 %
2024 263.37 2.4 % 101.89 3.0 % 26.54 2.2 %

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 43.29 % 11.98 % 10.26 %
Q3 2016 42.80 % 10.50 % 9.29 %
Q4 2016 43.35 % 10.63 % 9.67 %
Q1 2017 41.40 % 10.81 % 9.83 %
Q2 2017 43.59 % 10.79 % 10.10 %
Q3 2017 43.04 % 10.56 % 9.39 %
Q4 2017 41.54 % 9.84 % 7.43 %
Q1 2018 42.98 % 10.24 % 7.58 %
Q2 2018 41.06 % 8.70 % 5.95 %
Q3 2018 41.47 % 9.23 % 5.87 %
Q4 2018 41.14 % 9.79 % 6.76 %
Q1 2019 39.60 % 10.34 % 7.10 %
Q2 2019 36.17 % 10.89 % 7.48 %
Q3 2019 33.62 % 10.70 % 7.43 %
Q4 2019 32.07 % 11.82 % 7.93 %
Q1 2020 33.68 % 12.04 % 8.14 %
Q2 2020 33.67 % 12.56 % 8.43 %
Q3 2020 35.55 % 12.80 % 8.88 %
Q4 2020 37.04 % 12.94 % 9.20 %
Q1 2021 36.48 % 13.25 % 9.54 %
Q2 2021 39.00 % 13.02 % 9.36 %
Q3 2021 38.35 % 12.96 % 9.32 %
Q4 2021 37.31 % 12.44 % 8.29 %
Q1 2022 37.14 % 12.19 % 8.12 %
Q2 2022 36.44 % 11.92 % 8.01 %
Q3 2022 36.60 % 11.93 % 7.84 %
Q4 2022 37.17 % 11.81 % 8.27 %
Q1 2023 37.07 % 11.77 % 8.26 %
Q2 2023 37.65 % 11.88 % 8.29 %
Q3 2023 37.20 % 11.86 % 8.32 %
Q4 2023 38.47 % 11.68 % 8.42 %
Q1 2024 39.15 % 11.52 % 8.42 %
Q2 2024 39.42 % 11.23 % 8.42 %
Q3 2024 39.90 % 11.52 % 8.73 %
Q4 2024 38.69 % - 8.85 %
2024 38.69 % - 8.85 %


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 - - - -
Q2 2015 - - - -
Q3 2015 101.25 - - 1.64
Q4 2015 101.25 - - 1.72
Q1 2016 101.25 - - 1.77
Q2 2016 101.25 0.36 0.36 1.67
Q3 2016 101.25 0.32 0.32 1.74
Q4 2016 101.25 0.33 0.33 1.83
Q1 2017 101.25 0.33 0.33 1.89
Q2 2017 101.25 0.34 0.34 1.80
Q3 2017 101.25 0.31 0.31 1.83
Q4 2017 101.25 0.24 0.24 1.88
Q1 2018 101.25 0.24 0.24 1.95
Q2 2018 101.25 0.18 0.18 1.83
Q3 2018 101.25 0.18 0.18 1.87
Q4 2018 101.25 0.20 0.20 1.92
Q1 2019 101.25 0.21 0.21 1.99
Q2 2019 101.25 0.21 0.21 1.89
Q3 2019 101.25 0.20 0.20 1.92
Q4 2019 101.25 0.20 0.20 1.79
Q1 2020 101.25 0.22 0.22 1.88
Q2 2020 101.25 0.23 0.23 1.78
Q3 2020 101.25 0.25 0.25 1.83
Q4 2020 101.25 0.26 0.26 1.89
Q1 2021 101.25 0.27 0.27 1.99
Q2 2021 101.25 0.25 0.25 1.86
Q3 2021 101.25 0.24 0.24 1.90
Q4 2021 101.25 0.21 0.21 1.92
Q1 2022 101.25 0.20 0.20 2.00
Q2 2022 101.25 0.20 0.20 1.87
Q3 2022 101.25 0.20 0.20 1.84
Q4 2022 101.25 0.22 0.22 1.88
Q1 2023 101.25 0.22 0.22 1.97
Q2 2023 101.25 0.22 0.22 1.91
Q3 2023 101.25 0.22 0.22 1.87
Q4 2023 101.25 0.21 0.21 1.92
Q1 2024 101.25 0.21 0.21 2.00
Q2 2024 101.25 0.21 0.21 1.94
Q3 2024 101.25 0.22 0.22 1.92
Q4 2024 101.25 0.23 0.23 1.92

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 10.46 10.46 1.84
Q2 2017 7.68 7.68 1.45
Q3 2017 8.06 8.06 1.35
Q4 2017 11.42 11.42 1.47
Q1 2018 9.81 9.81 1.23
Q2 2018 14.57 14.57 1.46
Q3 2018 13.58 13.58 1.31
Q4 2018 14.41 14.41 1.52
Q1 2019 14.08 14.08 1.47
Q2 2019 14.26 14.26 1.57
Q3 2019 14.54 14.54 1.53
Q4 2019 21.03 21.03 2.40
Q1 2020 15.92 15.92 1.89
Q2 2020 20.75 20.75 2.73
Q3 2020 23.96 23.96 3.30
Q4 2020 34.77 34.77 4.78
Q1 2021 40.06 40.06 5.41
Q2 2021 57.82 57.82 7.82
Q3 2021 51.54 51.54 6.63
Q4 2021 52.90 52.90 5.87
Q1 2022 48.96 48.96 4.98
Q2 2022 32.37 32.37 3.46
Q3 2022 33.59 33.59 3.63
Q4 2022 26.36 26.36 3.02
Q1 2023 30.61 30.61 3.35
Q2 2023 32.04 32.04 3.65
Q3 2023 29.75 29.75 3.43
Q4 2023 30.40 30.40 3.39
Q1 2024 32.91 32.91 3.45
Q2 2024 30.35 30.35 3.26
Q3 2024 29.89 29.89 3.42
Q4 2024 28.02 28.02 3.37


Financial Ratios
Current
Market Cap (M Riyal) 634.84
Enterprise Value (EV) (M) 621.18
Shares Outstanding ((M)) 101.25
EPS ( Riyal) (TTM) 0.23
Book Value (BV) ( Riyal) 1.92
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) 27.24
P/E (TTM) 27.24
Price/book 3.27
Return on Average Assets (%) (TTM) 9.5
Return on Average Equity (%) (TTM) 10.7
more

Share Price

Baazeem Trading Co.
6.27
0.01 0.16 %

Baazeem Trading Co. (BAAZEEM)

More

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
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.