Raoom 2024 earnings down 8% to SAR 42.9M; Q4 at SAR 3.6M

10/02/2025 Argaam Exclusive

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Raoom Trading Co. reported an 8% decline in 2024 net profit to SAR 42.9 million, compared to SAR 46.6 million a year earlier.

Financials (M)

Item	2023	2024	Change‬
Revenues	135.04	116.04	(14.1 %)
Gross Income	42.57	37.06	(12.9 %)
Operating Income	30.87	23.74	(23.1 %)
Net Income	46.58	42.86	(8.0 %)
Average Shares	6.25	6.25	-
Earnings Per Share before unusual items	7.45	6.86	(8.0 %)
EPS (Riyals)	7.45	6.86	(8.0 %)

The annual profit slump came as revenues dropped 14.07% year-on-year (YoY) on lower selling prices.

The company also cited higher general and administrative expenses resulting from additional costs related to its transition from the Nomu-Parallel Market to the Main Market.

Q4 2024 net earnings plunged by 65% to SAR 3.6 million, compared with SAR 10.14 million a year before.

Sequentially, the three-month bottom line also fell 67.5% from SAR 10.97 million in Q3 2024.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2023	Q4 2024	Change‬
Revenues	34.44	28.92	(16.0 %)
Gross Income	9.59	7.00	(27.0 %)
Operating Income	6.66	3.84	(42.3 %)
Net Income	10.14	3.57	(64.8 %)
Average Shares	6.25	6.25	-
Earnings Per Share before unusual items	1.62	0.57	(64.8 %)
EPS (Riyals)	1.62	0.57	(64.8 %)

Item	Q3 2024	Q4 2024	Change‬
Revenues	27.32	28.92	5.9 %
Gross Income	8.31	7.00	(15.7 %)
Operating Income	4.46	3.84	(13.8 %)
Net Income	10.97	3.57	(67.5 %)
Average Shares	6.25	6.25	-
Earnings Per Share before unusual items	1.76	0.57	(67.5 %)
EPS (Riyals)	1.76	0.57	(67.5 %)

Shareholders’ equity, no minority interest, stood at SAR 160.8 million as of Dec. 31, 2024, compared to SAR 136.4 million a year earlier.

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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	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-
2015	-	-	-	-	-	-
Q1 2016	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-
2016	-	-	-	-	-	-
Q1 2017	-	-	-	-	-	-
Q2 2017	-	-	-	-	-	-
Q3 2017	-	-	-	-	-	-
Q4 2017	-	-	-	-	-	-
2017	-	-	-	-	-	-
Q1 2018	-	-	-	-	-	-
Q2 2018	-	-	-	-	-	-
Q3 2018	-	-	-	-	-	-
Q4 2018	-	-	-	-	-	-
2018	-	-	-	-	-	-
Q1 2019	-	-	-	-	-	-
Q2 2019	-	-	-	-	-	-
Q3 2019	-	-	-	-	-	-
Q4 2019	-	-	-	-	-	-
2019	17.05	-	2.73	-	17.05	2.73
Q1 2020	-	-	-	-	-	-
Q2 2020	-	-	-	-	-	-
Q3 2020	-	-	-	-	-	-
Q4 2020	-	-	-	-	-	-
2020	26.07	52.9 %	4.17	-	26.07	4.17
Q1 2021	8.53	-	1.36	-	8.53	1.36
Q2 2021	6.87	-	1.10	-	6.87	1.10
Q3 2021	-	-	-	-	-	-
Q4 2021	-	-	-	-	-	-
2021	24.88	(4.5 %)	3.98	-	24.88	3.98
Q1 2022	6.29	(26.2 %)	1.01	-	6.29	1.01
Q2 2022	9.95	44.8 %	1.59	-	9.95	1.59
Q3 2022	5.78	-	0.92	-	5.78	0.92
Q4 2022	8.73	-	1.40	-	8.73	1.40
2022	30.74	23.6 %	4.92	-	30.74	4.92
Q1 2023	12.85	104.2 %	2.06	-	12.85	2.06
Q2 2023	14.84	49.2 %	2.37	-	14.84	2.37
Q3 2023	8.74	51.3 %	1.40	-	8.74	1.40
Q4 2023	10.14	16.2 %	1.62	-	10.14	1.62
2023	46.58	51.5 %	7.45	-	46.58	7.45
Q1 2024	23.95	86.4 %	3.83	-	23.95	3.83
Q2 2024	4.36	(70.6 %)	0.70	-	4.36	0.70
Q3 2024	10.97	25.5 %	1.76	-	10.97	1.76
Q4 2024	3.57	(64.8 %)	0.57	-	3.57	0.57
2024	42.86	(8.0 %)	6.86	-	42.86	6.86

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	Earnings Per Share before unusual items
2015	-	-	-	-	-	-
2016	-	-	-	-	-	-
2017	-	-	-	-	-	-
2018	-	-	-	-	-	-
2019	17.05	-	2.73	-	17.05	2.73
2020	26.07	52.9 %	4.17	-	26.07	4.17
2021	24.88	(4.5 %)	3.98	-	24.88	3.98
2022	30.74	23.6 %	4.92	-	30.74	4.92
2023	46.58	51.5 %	7.45	-	46.58	7.45
2024	42.86	(8.0 %)	6.86	-	42.86	6.86

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2015	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-
2015	-	-	-	-	-	-
Q1 2016	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-
2016	-	-	-	-	-	-
Q1 2017	-	-	-	-	-	-
Q2 2017	-	-	-	-	-	-
Q3 2017	-	-	-	-	-	-
Q4 2017	-	-	-	-	-	-
2017	-	-	-	-	-	-
Q1 2018	-	-	-	-	-	-
Q2 2018	-	-	-	-	-	-
Q3 2018	-	-	-	-	-	-
Q4 2018	-	-	-	-	-	-
2018	-	-	-	-	-	-
Q1 2019	-	-	-	-	-	-
Q2 2019	-	-	-	-	-	-
Q3 2019	-	-	-	-	-	-
Q4 2019	-	-	-	-	-	-
2019	96.65	-	30.95	-	20.80	-
Q1 2020	-	-	-	-	-	-
Q2 2020	-	-	-	-	-	-
Q3 2020	-	-	-	-	-	-
Q4 2020	-	-	-	-	-	-
2020	108.86	12.6 %	39.36	27.2 %	28.94	39.2 %
Q1 2021	29.83	-	12.09	-	9.24	-
Q2 2021	25.89	-	10.09	-	7.58	-
Q3 2021	-	-	-	-	-	-
Q4 2021	-	-	-	-	-	-
2021	110.19	1.2 %	38.00	(3.5 %)	27.58	(4.7 %)
Q1 2022	33.39	11.9 %	8.90	(26.4 %)	7.00	(24.3 %)
Q2 2022	31.65	22.3 %	13.09	29.7 %	10.66	40.7 %
Q3 2022	33.16	-	8.32	-	6.47	-
Q4 2022	37.03	-	13.41	-	10.01	-
2022	135.23	22.7 %	43.71	15.0 %	34.14	23.8 %
Q1 2023	38.04	13.9 %	13.92	56.5 %	11.48	64.1 %
Q2 2023	30.44	(3.8 %)	7.58	(42.1 %)	4.12	(61.4 %)
Q3 2023	32.13	(3.1 %)	11.47	37.9 %	8.62	33.3 %
Q4 2023	34.44	(7.0 %)	9.59	(28.5 %)	6.66	(33.5 %)
2023	135.04	(0.1 %)	42.57	(2.6 %)	30.87	(9.6 %)
Q1 2024	33.01	(13.2 %)	13.92	0.0 %	10.50	(8.5 %)
Q2 2024	26.78	(12.0 %)	7.84	3.4 %	4.94	20.0 %
Q3 2024	27.32	(15.0 %)	8.31	(27.6 %)	4.46	(48.3 %)
Q4 2024	28.92	(16.0 %)	7.00	(27.0 %)	3.84	(42.3 %)
2024	116.04	(14.1 %)	37.06	(12.9 %)	23.74	(23.1 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2015	-	-	-	-	-	-
2016	-	-	-	-	-	-
2017	-	-	-	-	-	-
2018	-	-	-	-	-	-
2019	96.65	-	30.95	-	20.80	-
2020	108.86	12.6 %	39.36	27.2 %	28.94	39.2 %
2021	110.19	1.2 %	38.00	(3.5 %)	27.58	(4.7 %)
2022	135.23	22.7 %	43.71	15.0 %	34.14	23.8 %
2023	135.04	(0.1 %)	42.57	(2.6 %)	30.87	(9.6 %)
2024	116.04	(14.1 %)	37.06	(12.9 %)	23.74	(23.1 %)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
2015	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
2016	-	-	-
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	-	-	-
2017	-	-	-
Q1 2018	-	-	-
Q2 2018	-	-	-
Q3 2018	-	-	-
Q4 2018	-	-	-
2018	-	-	-
Q1 2019	-	-	-
Q2 2019	-	-	-
Q3 2019	-	-	-
Q4 2019	-	-	-
2019	32.02 %	30.39 %	17.64 %
Q1 2020	-	-	-
Q2 2020	-	-	-
Q3 2020	-	-	-
Q4 2020	-	-	-
2020	36.16 %	34.07 %	23.95 %
Q1 2021	-	-	-
Q2 2021	-	-	-
Q3 2021	-	-	-
Q4 2021	-	-	-
2021	34.48 %	30.09 %	22.58 %
Q1 2022	-	-	-
Q2 2022	-	-	-
Q3 2022	-	-	-
Q4 2022	32.32 %	-	22.73 %
2022	32.32 %	29.26 %	22.73 %
Q1 2023	34.84 %	-	26.67 %
Q2 2023	31.18 %	27.04 %	30.43 %
Q3 2023	33.70 %	28.86 %	32.81 %
Q4 2023	31.52 %	26.96 %	34.49 %
2023	31.52 %	26.96 %	34.49 %
Q1 2024	32.74 %	27.26 %	44.36 %
Q2 2024	33.89 %	28.72 %	37.35 %
Q3 2024	32.63 %	26.47 %	40.66 %
Q4 2024	31.95 %	25.42 %	36.93 %
2024	31.94 %	25.42 %	36.93 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	32.02 %	30.39 %	17.64 %
2020	36.16 %	34.07 %	23.95 %
2021	34.48 %	30.09 %	22.58 %
2022	32.32 %	29.26 %	22.73 %
2023	31.52 %	26.96 %	34.49 %
2024	31.94 %	25.42 %	36.93 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	-	-	-
Q1 2018	-	-	-
Q2 2018	-	-	-
Q3 2018	-	-	-
Q4 2018	-	-	-
Q1 2019	-	-	-
Q2 2019	-	-	-
Q3 2019	-	-	-
Q4 2019	-	-	-
Q1 2020	-	-	-
Q2 2020	-	-	-
Q3 2020	-	-	-
Q4 2020	-	-	-
Q1 2021	40.53 %	-	28.58 %
Q2 2021	38.99 %	-	26.54 %
Q3 2021	-	-	-
Q4 2021	-	-	-
Q1 2022	26.65 %	-	18.85 %
Q2 2022	41.34 %	-	31.42 %
Q3 2022	25.08 %	23.60 %	17.43 %
Q4 2022	36.21 %	30.68 %	23.57 %
Q1 2023	36.60 %	33.72 %	33.79 %
Q2 2023	24.91 %	17.99 %	48.76 %
Q3 2023	35.69 %	31.30 %	27.20 %
Q4 2023	27.86 %	23.35 %	29.45 %
Q1 2024	42.17 %	35.95 %	72.55 %
Q2 2024	29.28 %	23.61 %	16.28 %
Q3 2024	30.40 %	21.74 %	40.16 %
Q4 2024	24.21 %	18.55 %	12.35 %

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	-	-	-	-
Q4 2015	-	-	-	-
Q1 2016	-	-	-	-
Q2 2016	-	-	-	-
Q3 2016	-	-	-	-
Q4 2016	-	-	-	-
Q1 2017	-	-	-	-
Q2 2017	-	-	-	-
Q3 2017	-	-	-	-
Q4 2017	-	-	-	-
Q1 2018	-	-	-	-
Q2 2018	-	-	-	-
Q3 2018	-	-	-	-
Q4 2018	-	-	-	-
Q1 2019	-	-	-	-
Q2 2019	-	-	-	-
Q3 2019	-	-	-	-
Q4 2019	-	-	-	-
Q1 2020	-	-	-	-
Q2 2020	-	-	-	-
Q3 2020	-	-	-	-
Q4 2020	-	-	-	-
Q1 2021	6.25	-	-	-
Q2 2021	6.25	-	-	14.09
Q3 2021	-	-	-	-
Q4 2021	-	-	-	-
Q1 2022	6.25	-	-	-
Q2 2022	6.25	-	-	16.87
Q3 2022	6.25	-	-	17.80
Q4 2022	6.25	4.92	4.92	17.13
Q1 2023	6.25	5.97	5.97	18.18
Q2 2023	6.25	6.75	6.75	20.54
Q3 2023	6.25	7.23	7.23	20.67
Q4 2023	6.25	7.45	7.45	21.83
Q1 2024	6.25	9.23	9.23	24.91
Q2 2024	6.25	7.55	7.55	24.86
Q3 2024	6.25	7.91	7.91	25.86
Q4 2024	6.25	6.86	6.86	25.73

Period	Shares Outstanding (M)	EPS (Riyal)	Earnings Per Share before unusual items (Riyal)	Book Value (BV)
2015	-	-	-	-
2016	-	-	-	-
2017	-	-	-	-
2018	-	-	-	-
2019	6.25	2.73	2.73	22.31
2020	6.25	4.17	4.17	13.87
2021	6.25	3.98	3.98	15.27
2022	6.25	4.92	4.92	17.13
2023	6.25	7.45	7.45	21.83
2024	6.25	6.86	6.86	25.73

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	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	-	-	-
Q1 2018	-	-	-
Q2 2018	-	-	-
Q3 2018	-	-	-
Q4 2018	-	-	-
Q1 2019	-	-	-
Q2 2019	-	-	-
Q3 2019	-	-	-
Q4 2019	-	-	-
Q1 2020	-	-	-
Q2 2020	-	-	-
Q3 2020	-	-	-
Q4 2020	-	-	-
Q1 2021	-	-	-
Q2 2021	-	-	-
Q3 2021	-	-	-
Q4 2021	-	-	-
Q1 2022	-	-	-
Q2 2022	-	-	7.06
Q3 2022	-	-	6.52
Q4 2022	22.97	22.97	6.60
Q1 2023	19.77	19.77	6.49
Q2 2023	16.11	16.11	5.30
Q3 2023	16.16	16.16	5.65
Q4 2023	15.75	15.75	5.38
Q1 2024	13.00	13.00	4.82
Q2 2024	17.53	17.53	5.33
Q3 2024	17.07	17.07	5.22
Q4 2024	25.29	25.29	6.74

Period	P/E	Adjusted P/E	Price/book
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	-	-	-
2020	-	-	-
2021	-	-	-
2022	22.97	22.97	6.60
2023	15.75	15.75	5.38
2024	25.29	25.29	6.74

Business Segments (Million)

Compared With The

Period	Glass	Plastic and acrylic
Q3 2022	26.89	6.26
Q4 2022	30.67	6.37
Q1 2023	29.51	8.53
Q2 2023	21.90	8.53
Q3 2023	27.62	4.51
Q4 2023	27.84	6.60
Q1 2024	24.97	8.04
Q2 2024	19.57	7.21
Q3 2024	21.35	5.97
Q4 2024	26.73	2.20

Period	Glass	Plastic and acrylic
2022	104.00	31.23
2023	106.87	28.17
2024	92.62	23.42

Financial Ratios

	Current
Market Cap (M Riyal)	1,082.50
Enterprise Value (EV) (M)	981.04
Shares Outstanding ((M))	6.25
EPS ( Riyal) (TTM)	6.86
Book Value (BV) ( Riyal)	25.73
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	25.26
P/E (TTM)	25.26
Price/book	6.73
Return on Average Assets (%) (TTM)	22.0
Return on Average Equity (%) (TTM)	25.0

Raoom Trading Co. (RAOOM)

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Raoom 2024 earnings down 8% to SAR 42.9M; Q4 at SAR 3.6M

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Financials (M)

Current Quarter Comparison (M)

Profit Performance (Million)

Profit Performance (Million)

Financial results (Million)

Financial results (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 Q4

Financial Ratios

Share Price

Raoom Trading Co. (RAOOM)

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Raoom 2024 earnings down 8% to SAR 42.9M; Q4 at SAR 3.6M

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Financials (M)

Current Quarter Comparison (M)

Profit Performance (Million)

Profit Performance (Million)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q4 2024

Revenue by Business Segment (Latest) 2024 Q4

Financial Ratios

Share Price

Raoom Trading Co. (RAOOM)

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Business Segments (Million)