Seera turns to SAR 126 mln profit in H1 2023; Q2 at SAR 70.5 mln

08/08/2023 Argaam Exclusive

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Seera Group Holding turned to a net profit of SAR 126 million in H1 2023, up from losses of SAR 132.3 million in the year-ago period.

Financials (M)

Item	6m 2022	6m 2023	Change‬
Revenues	985.19	1,473.15	49.5 %
Gross Income	384.61	656.57	70.7 %
Operating Income	(125.32)	131.55	205.0 %
Net Income	(132.34)	123.98	193.7 %
Average Shares	300.00	300.00	-
EPS (Riyals)	(0.44)	0.41	193.7 %

Year-to-date, the group’s net booking value (NBV) leapt 38% higher than 2022 from SAR 4.3 billion to SAR 5.9 billion in 2023, due to the resurgence of travel demand.

Also in 2023, revenue surged by 49% to SAR 1.47 billion from SAR 985 million in 2022 as a result of healthy margins and increased NBV. Further, gross profit grew to SAR 657 million in 2023, up 71% from SAR 385 million in the year before.

Seera posted a net profit after Zakat (before non-controlling interest) of SAR 124 million in 2023, compared to a net loss of SAR 131 million a year ago.

Excluding the impact of one-off items of SAR 14.9 million in income from Careem holdback and SAR 12 million in reversal of impairment losses, the company saw a normalized net profit of SAR 97 million in 2023, versus a net loss of SR 131 million, marking a 174% year-on-year (YoY) improvement.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2022	Q2 2023	Change‬
Revenues	524.39	716.18	36.6 %
Gross Income	222.37	344.81	55.1 %
Operating Income	(53.20)	60.60	213.9 %
Net Income	(69.08)	68.50	199.2 %
Average Shares	300.00	300.00	-
EPS (Riyals)	(0.23)	0.23	199.2 %

Item	Q1 2023	Q2 2023	Change‬
Revenues	794.33	716.18	(9.8 %)
Gross Income	311.76	344.81	10.6 %
Operating Income	70.96	60.60	(14.6 %)
Net Income	55.49	68.50	23.5 %
Average Shares	300.00	300.00	-
EPS (Riyals)	0.18	0.23	23.5 %

Seera’s Q2 2023 net profit came in at SAR 70.51 million, compared to losses of SAR 69.08 million in the corresponding period of the year before. This was because NBV jumped by 23% YoY to SAR 3.2 billion by the end of the three-month period, with revenues also up 37% YoY to SAR 716 million.

While on track for sustainable and diversified growth, the group witnessed the highest quarterly post-pandemic net profit, driven by positive business results amid great operational efficiency and high demand in all sectors.

For the second straight quarter, the group recorded a positive group-wide operating profit of SAR 102 million in Q2 2023, against an operating loss of SAR 49 million in Q2 2022. An overall net profit after non-controlling interest of SAR 67 million was recorded during the second quarter of this year, a 199% YoY uptick.

Despite seeing significant growth across all segments, overall operating expenses remained stable, with revenue growth outpacing costs, pushing the group towards profitability in the second quarter of 2023.

With the exceptionally high demand for leisure and religious travel during the summer season, Almosafer, Seera’s travel platform, logged a 24% YoY rise in NBV to SAR 2.1 billion in Q2 2023.

Seera’s car rental & leasing business, Lumi, posted a 36% YoY growth in revenues to SAR 233 million in Q2 2023, supported by the renewal of the newly-signed rental and lease contracts.

During the quarter, Lumi signed long-term lease contracts worth SAR 471.2 million with Saudi Aramco. The continued success of the used car sales segment fueled growth and profitable fleet turnover for the business, enabled by the expansion of new showrooms in Jeddah. Lumi’s earnings before interest, taxes, depreciation, and amortization (EBITDA) for Q2 2023 stood at SAR 140 million, up 41% from SAR 99 million in the year-earlier period.

The hospitality business' revenues advanced to SAR 65 million in Q2 2023, a 132% YoY hike, led by healthy occupancy levels at hotels operational in the company's portfolio across the Kingdom and improved average daily rates. The segment’s EBITDA edged 724% higher YoY to SAR 28 million by the end of the quarter.

Sequentially, Q2 net profit climbed by 27.1% from SAR 55.49 million, as the group’s NBV rose by 23% quarter-on-quarter (QoQ) to SAR 3.2 billion.

During the same quarter, Seera’s revenue plummeted by 5% QoQ to SAR 716 million.

Shareholders’ equity, after minority interest, reached SAR 5.61 billion by the end of H1 2023, against SAR 5.26 billion in the year-earlier period.

View More Financial Results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2014	1,790.31	15.1 %	363.26	20.5 %	242.13	18.3 %
Q2 2014	1,977.95	18.4 %	476.19	18.3 %	345.56	19.4 %
Q3 2014	1,759.46	22.0 %	375.62	25.9 %	234.90	16.5 %
Q4 2014	2,185.93	37.2 %	408.06	20.4 %	247.17	24.0 %
2014	7,711.37	23.2 %	1,620.86	20.8 %	1,067.48	19.3 %
Q1 2015	2,152.58	20.2 %	441.08	21.4 %	284.32	17.4 %
Q2 2015	2,386.89	20.7 %	545.42	14.5 %	383.61	11.0 %
Q3 2015	1,906.81	8.4 %	387.72	3.2 %	223.28	(4.9 %)
Q4 2015	2,184.77	(0.1 %)	416.77	2.1 %	216.72	(12.3 %)
2015	8,631.04	11.9 %	1,800.33	11.1 %	1,107.93	3.8 %
Q1 2016	534.96	(75.1 %)	402.93	(8.6 %)	241.23	(15.2 %)
Q2 2016	621.39	(74.0 %)	525.22	(3.7 %)	362.71	(5.4 %)
Q3 2016	523.45	(72.5 %)	384.37	(0.9 %)	237.42	6.3 %
Q4 2016	464.67	(78.7 %)	358.07	(14.1 %)	153.74	(29.1 %)
2016	2,144.47	(75.2 %)	1,670.60	(7.2 %)	995.11	(10.2 %)
Q1 2017	466.62	(12.8 %)	346.59	(14.0 %)	169.37	(29.8 %)
Q2 2017	573.51	(7.7 %)	435.40	(17.1 %)	249.21	(31.3 %)
Q3 2017	489.02	(6.6 %)	354.22	(7.8 %)	170.33	(28.3 %)
Q4 2017	577.87	24.4 %	466.87	30.4 %	186.52	21.3 %
2017	2,107.02	(1.7 %)	1,603.08	(4.0 %)	775.43	(22.1 %)
Q1 2018	481.71	3.2 %	355.48	2.6 %	143.66	(15.2 %)
Q2 2018	530.92	(7.4 %)	404.98	(7.0 %)	178.94	(28.2 %)
Q3 2018	615.12	25.8 %	354.66	0.1 %	144.80	(15.0 %)
Q4 2018	565.42	(2.2 %)	311.88	(33.2 %)	113.37	(39.2 %)
2018	2,301.33	9.2 %	1,427.01	(11.0 %)	580.76	(25.1 %)
Q1 2019	509.55	5.8 %	302.25	(15.0 %)	69.25	(51.8 %)
Q2 2019	534.52	0.7 %	341.25	(15.7 %)	85.46	(52.2 %)
Q3 2019	641.98	4.4 %	349.24	(1.5 %)	98.27	(32.1 %)
Q4 2019	593.90	5.0 %	280.26	(10.1 %)	97.96	(13.6 %)
2019	2,190.25	(4.8 %)	1,273.00	(10.8 %)	350.94	(39.6 %)
Q1 2020	396.70	(22.1 %)	185.20	(38.7 %)	(110.18)	(259.1 %)
Q2 2020	138.21	(74.1 %)	26.34	(92.3 %)	(153.33)	(279.4 %)
Q3 2020	141.97	(77.9 %)	30.15	(91.4 %)	(180.42)	(283.6 %)
Q4 2020	227.72	(61.7 %)	65.26	(76.7 %)	(102.00)	(204.1 %)
2020	904.59	(58.7 %)	306.96	(75.9 %)	(545.94)	(255.6 %)
Q1 2021	186.26	(53.0 %)	58.56	(68.4 %)	(143.81)	(30.5 %)
Q2 2021	285.62	106.7 %	174.48	562.5 %	(64.04)	58.2 %
Q3 2021	369.12	160.0 %	186.08	517.1 %	(52.55)	70.9 %
Q4 2021	487.46	114.1 %	187.78	187.7 %	(104.24)	(2.2 %)
2021	1,328.45	46.9 %	606.90	97.7 %	(364.62)	33.2 %
Q1 2022	460.80	147.4 %	162.25	177.1 %	(72.12)	49.8 %
Q2 2022	524.39	83.6 %	222.37	27.4 %	(53.20)	16.9 %
Q3 2022	512.00	38.7 %	254.88	37.0 %	78.70	249.8 %
Q4 2022	617.19	26.6 %	284.65	51.6 %	(49.26)	52.7 %
2022	2,114.38	59.2 %	924.14	52.3 %	(153.27)	58.0 %
Q1 2023	794.33	72.4 %	311.76	92.2 %	70.96	198.4 %
Q2 2023	716.18	36.6 %	344.81	55.1 %	60.60	213.9 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2013	6,260.27	16.1 %	1,341.42	16.8 %	895.01	15.4 %
2014	7,711.37	23.2 %	1,620.86	20.8 %	1,067.48	19.3 %
2015	8,631.04	11.9 %	1,800.33	11.1 %	1,107.93	3.8 %
2016	2,144.47	(75.2 %)	1,670.60	(7.2 %)	995.11	(10.2 %)
2017	2,107.02	(1.7 %)	1,603.08	(4.0 %)	775.43	(22.1 %)
2018	2,301.33	9.2 %	1,427.01	(11.0 %)	580.76	(25.1 %)
2019	2,190.25	(4.8 %)	1,273.00	(10.8 %)	350.94	(39.6 %)
2020	904.59	(58.7 %)	306.96	(75.9 %)	(545.94)	(255.6 %)
2021	1,328.45	46.9 %	606.90	97.7 %	(364.62)	33.2 %
2022	2,114.38	59.2 %	924.14	52.3 %	(153.27)	58.0 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2014	280.00	28.5 %	0.98	29.12	250.88	0.88
Q2 2014	363.69	8.2 %	1.27	(0.20)	363.89	1.27
Q3 2014	243.77	13.5 %	0.85	0.95	242.82	0.85
Q4 2014	231.47	11.1 %	0.81	(31.69)	263.16	0.92
2014	1,118.93	14.5 %	3.91	(1.82)	1,120.75	3.92
Q1 2015	285.63	2.0 %	1.00	-	285.63	1.00
Q2 2015	395.55	8.8 %	1.38	(20.00)	415.55	1.45
Q3 2015	265.12	8.8 %	0.93	(10.00)	275.12	0.96
Q4 2015	215.26	(7.0 %)	0.75	(37.10)	252.36	0.88
2015	1,161.56	3.8 %	4.06	(67.10)	1,228.65	4.29
Q1 2016	191.05	(33.1 %)	0.64	(24.87)	215.91	0.72
Q2 2016	296.85	(25.0 %)	0.99	(48.67)	345.52	1.15
Q3 2016	186.84	(29.5 %)	0.62	(7.74)	194.58	0.65
Q4 2016	139.03	(35.4 %)	0.46	10.12	128.91	0.43
2016	813.77	(29.9 %)	2.71	(71.15)	884.92	2.95
Q1 2017	136.73	(28.4 %)	0.46	-	136.73	0.46
Q2 2017	211.94	(28.6 %)	0.71	-	211.94	0.71
Q3 2017	131.77	(29.5 %)	0.44	-	131.77	0.44
Q4 2017	16.36	(88.2 %)	0.05	(74.40)	90.76	0.30
2017	496.80	(39.0 %)	1.66	(74.40)	571.19	1.90
Q1 2018	85.57	(37.4 %)	0.29	(17.80)	103.38	0.34
Q2 2018	107.22	(49.4 %)	0.36	70.58	36.64	0.12
Q3 2018	(355.41)	(369.7 %)	(1.18)	(440.77)	85.36	0.28
Q4 2018	17.66	7.9 %	0.06	(91.69)	109.35	0.36
2018	(144.96)	(129.2 %)	(0.48)	(479.68)	334.72	1.12
Q1 2019	47.31	(44.7 %)	0.16	5.39	41.92	0.14
Q2 2019	65.16	(39.2 %)	0.22	-	65.16	0.22
Q3 2019	63.03	117.7 %	0.21	-	63.03	0.21
Q4 2019	10.08	(42.9 %)	0.03	(49.28)	59.37	0.20
2019	185.59	228.0 %	0.62	(43.90)	229.49	0.76
Q1 2020	1,113.50	2253.6 %	3.71	1,234.85	(121.35)	(0.40)
Q2 2020	(170.21)	(361.2 %)	(0.57)	-	(170.21)	(0.57)
Q3 2020	(176.99)	(380.8 %)	(0.59)	9.21	(186.20)	(0.62)
Q4 2020	(748.12)	(7520.4 %)	(2.49)	(632.15)	(115.97)	(0.39)
2020	18.18	(90.2 %)	0.06	611.90	(593.72)	(1.98)
Q1 2021	(129.98)	(111.7 %)	(0.43)	-	(129.98)	(0.43)
Q2 2021	(98.56)	42.1 %	(0.33)	-	(98.56)	(0.33)
Q3 2021	(72.27)	59.2 %	(0.24)	-	(72.27)	(0.24)
Q4 2021	(70.73)	90.5 %	(0.24)	68.50	(139.22)	(0.46)
2021	(371.54)	(2143.5 %)	(1.24)	68.50	(440.04)	(1.47)
Q1 2022	(63.26)	51.3 %	(0.21)	-	(63.26)	(0.21)
Q2 2022	(69.08)	29.9 %	(0.23)	-	(69.08)	(0.23)
Q3 2022	53.42	173.9 %	0.18	48.46	4.95	0.02
Q4 2022	31.19	144.1 %	0.10	0.11	31.08	0.10
2022	(47.73)	87.2 %	(0.16)	48.57	(96.30)	(0.32)
Q1 2023	55.49	187.7 %	0.18	-	55.49	0.18
Q2 2023	68.50	199.2 %	0.23	14.92	53.58	0.18

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2013	977.22	29.4 %	3.41	38.52	938.70	3.28
2014	1,118.93	14.5 %	3.91	(1.82)	1,120.75	3.92
2015	1,161.56	3.8 %	4.06	(67.10)	1,228.65	4.29
2016	813.77	(29.9 %)	2.71	(71.15)	884.92	2.95
2017	496.80	(39.0 %)	1.66	(74.40)	571.19	1.90
2018	(144.96)	(129.2 %)	(0.48)	(479.68)	334.72	1.12
2019	185.59	228.0 %	0.62	(43.90)	229.49	0.76
2020	18.18	(90.2 %)	0.06	611.90	(593.72)	(1.98)
2021	(371.54)	(2143.5 %)	(1.24)	68.50	(440.04)	(1.47)
2022	(47.73)	87.2 %	(0.16)	48.57	(96.30)	(0.32)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	21.60 %	15.06 %	14.99 %
Q2 2014	21.71 %	15.24 %	15.23 %
Q3 2014	21.82 %	15.06 %	14.92 %
Q4 2014	21.04 %	14.66 %	14.53 %
2014	21.02 %	14.63 %	14.53 %
Q1 2015	21.06 %	14.63 %	14.31 %
Q2 2015	20.86 %	14.45 %	14.23 %
Q3 2015	20.65 %	14.19 %	14.36 %
Q4 2015	20.75 %	13.90 %	14.24 %
2015	20.86 %	13.90 %	14.24 %
Q1 2016	24.99 %	16.54 %	16.52 %
Q2 2016	33.02 %	21.81 %	20.75 %
Q3 2016	44.75 %	29.96 %	26.09 %
Q4 2016	77.90 %	51.05 %	41.27 %
2016	77.90 %	51.05 %	41.27 %
Q1 2017	77.75 %	49.56 %	38.81 %
Q2 2017	75.16 %	45.21 %	33.14 %
Q3 2017	74.95 %	42.99 %	30.56 %
Q4 2017	76.08 %	42.76 %	27.11 %
2017	76.08 %	42.76 %	27.11 %
Q1 2018	75.96 %	41.52 %	25.34 %
Q2 2018	76.05 %	39.38 %	17.43 %
Q3 2018	71.73 %	36.75 %	14.33 %
Q4 2018	65.07 %	33.89 %	15.26 %
2018	62.01 %	32.30 %	14.54 %
Q1 2019	61.85 %	30.64 %	12.30 %
Q2 2019	58.89 %	27.16 %	13.57 %
Q3 2019	57.95 %	25.13 %	12.41 %
Q4 2019	55.83 %	25.28 %	10.07 %
2019	58.12 %	26.31 %	10.48 %
Q1 2020	53.34 %	19.61 %	3.06 %
Q2 2020	47.50 %	11.42 %	(9.55 %)
Q3 2020	41.07 %	(4.57 %)	(32.92 %)
Q4 2020	33.93 %	(28.19 %)	(65.63 %)
2020	33.93 %	(28.19 %)	(65.63 %)
Q1 2021	25.98 %	(41.70 %)	(86.77 %)
Q2 2021	39.03 %	(22.46 %)	(63.06 %)
Q3 2021	45.32 %	(5.10 %)	(39.00 %)
Q4 2021	45.68 %	(3.31 %)	(33.12 %)
2021	45.68 %	(3.31 %)	(33.12 %)
Q1 2022	44.33 %	3.21 %	(23.29 %)
Q2 2022	41.18 %	3.76 %	(18.67 %)
Q3 2022	41.68 %	11.73 %	(13.43 %)
Q4 2022	43.71 %	14.23 %	(4.55 %)
2022	43.71 %	11.51 %	(4.55 %)
Q1 2023	43.86 %	18.31 %	0.92 %
Q2 2023	45.31 %	22.19 %	5.50 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2013	21.43 %	15.01 %	14.99 %
2014	21.02 %	14.63 %	14.53 %
2015	20.86 %	13.90 %	14.24 %
2016	77.90 %	51.05 %	41.27 %
2017	76.08 %	42.76 %	27.11 %
2018	62.01 %	32.30 %	14.54 %
2019	58.12 %	26.31 %	10.48 %
2020	33.93 %	(28.19 %)	(65.63 %)
2021	45.68 %	(3.31 %)	(33.12 %)
2022	43.71 %	11.51 %	(4.55 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	20.29 %	14.14 %	14.01 %
Q2 2014	24.07 %	18.08 %	18.40 %
Q3 2014	21.35 %	14.17 %	13.80 %
Q4 2014	18.67 %	12.38 %	12.04 %
Q1 2015	20.49 %	14.10 %	13.27 %
Q2 2015	22.85 %	16.86 %	17.41 %
Q3 2015	20.33 %	13.01 %	14.43 %
Q4 2015	19.08 %	11.23 %	11.55 %
Q1 2016	75.32 %	49.44 %	40.36 %
Q2 2016	84.52 %	62.21 %	55.61 %
Q3 2016	73.43 %	49.97 %	37.17 %
Q4 2016	77.06 %	39.19 %	27.74 %
Q1 2017	74.28 %	42.59 %	29.30 %
Q2 2017	75.92 %	47.89 %	36.95 %
Q3 2017	72.44 %	41.26 %	26.95 %
Q4 2017	80.79 %	39.08 %	15.71 %
Q1 2018	73.80 %	37.14 %	21.46 %
Q2 2018	76.28 %	40.02 %	6.90 %
Q3 2018	57.66 %	31.44 %	13.88 %
Q4 2018	55.16 %	28.04 %	19.34 %
Q1 2019	59.32 %	22.80 %	8.23 %
Q2 2019	63.84 %	25.48 %	12.19 %
Q3 2019	54.40 %	24.12 %	9.82 %
Q4 2019	47.19 %	28.48 %	10.00 %
Q1 2020	46.69 %	(8.86 %)	(30.59 %)
Q2 2020	19.06 %	(62.61 %)	(123.15 %)
Q3 2020	21.24 %	(74.36 %)	(131.15 %)
Q4 2020	28.66 %	(12.20 %)	(50.93 %)
Q1 2021	31.44 %	(37.36 %)	(69.78 %)
Q2 2021	61.09 %	4.89 %	(34.51 %)
Q3 2021	50.41 %	7.84 %	(19.58 %)
Q4 2021	38.52 %	(3.54 %)	(28.56 %)
Q1 2022	35.21 %	5.61 %	(13.73 %)
Q2 2022	42.41 %	6.05 %	(13.17 %)
Q3 2022	49.78 %	37.59 %	0.97 %
Q4 2022	46.12 %	8.23 %	5.04 %
Q1 2023	39.25 %	21.81 %	6.99 %
Q2 2023	48.15 %	23.63 %	7.48 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2014	286.19	3.63	3.40	7.88
Q2 2014	286.19	3.73	3.62	9.26
Q3 2014	286.19	3.83	3.71	9.12
Q4 2014	286.19	3.91	3.92	9.93
Q1 2015	286.19	3.93	4.04	10.83
Q2 2015	286.19	4.04	4.22	12.25
Q3 2015	286.19	4.12	4.33	13.14
Q4 2015	286.19	4.06	4.29	13.88
Q1 2016	300.00	3.56	3.86	16.80
Q2 2016	300.00	3.23	3.63	17.77
Q3 2016	300.00	2.97	3.36	18.39
Q4 2016	300.00	2.71	2.95	18.67
Q1 2017	300.00	2.53	2.69	19.17
Q2 2017	300.00	2.25	2.24	19.90
Q3 2017	300.00	2.06	2.03	20.03
Q4 2017	300.00	1.66	1.90	20.12
Q1 2018	300.00	1.49	1.79	20.02
Q2 2018	300.00	1.14	1.21	20.32
Q3 2018	300.00	(0.49)	1.05	18.85
Q4 2018	300.00	(0.48)	1.12	18.76
Q1 2019	300.00	(0.61)	0.91	19.04
Q2 2019	300.00	(0.75)	1.01	19.24
Q3 2019	300.00	0.64	0.93	19.33
Q4 2019	300.00	0.62	0.76	19.45
Q1 2020	300.00	4.17	0.22	23.18
Q2 2020	300.00	3.39	(0.56)	22.63
Q3 2020	300.00	2.59	(1.39)	22.07
Q4 2020	300.00	0.06	(1.98)	19.70
Q1 2021	300.00	(4.08)	(2.01)	19.19
Q2 2021	300.00	(3.85)	(1.77)	18.83
Q3 2021	300.00	(3.50)	(1.39)	18.63
Q4 2021	300.00	(1.24)	(1.47)	18.36
Q1 2022	300.00	(1.02)	(1.24)	18.00
Q2 2022	300.00	(0.92)	(1.15)	17.55
Q3 2022	300.00	(0.50)	(0.89)	17.82
Q4 2022	300.00	(0.16)	(0.32)	18.07
Q1 2023	300.00	0.24	0.07	18.30
Q2 2023	300.00	0.70	0.48	18.73

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2013	286.19	3.41	3.28	7.86
2014	286.19	3.91	3.92	9.93
2015	286.19	4.06	4.29	13.88
2016	300.00	2.71	2.95	18.67
2017	300.00	1.66	1.90	20.12
2018	300.00	(0.48)	1.12	18.76
2019	300.00	0.62	0.76	19.45
2020	300.00	0.06	(1.98)	19.70
2021	300.00	(1.24)	(1.47)	18.36
2022	300.00	(0.16)	(0.32)	18.07

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2014	17.26	18.42	7.96
Q2 2014	17.68	18.20	7.12
Q3 2014	20.73	21.37	8.70
Q4 2014	16.73	16.71	6.59
Q1 2015	18.82	18.32	6.83
Q2 2015	17.93	17.18	5.91
Q3 2015	13.59	12.91	4.25
Q4 2015	13.06	12.35	3.82
Q1 2016	6.89	6.34	1.46
Q2 2016	7.81	6.94	1.42
Q3 2016	6.53	5.77	1.05
Q4 2016	9.45	8.69	1.37
Q1 2017	8.50	8.01	1.12
Q2 2017	9.65	9.68	1.09
Q3 2017	11.73	11.92	1.21
Q4 2017	11.41	9.93	0.94
Q1 2018	13.50	11.18	1.00
Q2 2018	16.53	15.54	0.92
Q3 2018	NEG	15.39	0.86
Q4 2018	NEG	12.54	0.75
Q1 2019	NEG	21.88	1.05
Q2 2019	NEG	17.77	0.93
Q3 2019	28.89	19.97	0.96
Q4 2019	35.40	28.63	1.13
Q1 2020	3.33	62.98	0.60
Q2 2020	4.72	NEG	0.71
Q3 2020	7.39	NEG	0.87
Q4 2020	More than 100	NEG	0.96
Q1 2021	NEG	NEG	0.98
Q2 2021	NEG	NEG	1.15
Q3 2021	NEG	NEG	1.17
Q4 2021	NEG	NEG	0.94
Q1 2022	NEG	NEG	1.17
Q2 2022	NEG	NEG	0.91
Q3 2022	NEG	NEG	1.08
Q4 2022	NEG	NEG	0.96
Q1 2023	94.04	More than 100	1.22
Q2 2023	38.18	54.89	1.42

Period	P/E	Adjusted P/E	Price/book
2013	13.78	14.35	5.99
2014	16.73	16.71	6.59
2015	13.06	12.35	3.82
2016	9.45	8.69	1.37
2017	11.41	9.93	0.94
2018	NEG	12.54	0.75
2019	35.40	28.63	1.13
2020	More than 100	NEG	0.96
2021	NEG	NEG	0.94
2022	NEG	NEG	0.96

Business Segments (Million)

Compared With The

Period	Tourism	Transportation	Ticketing	Hospitality sector	Other sectors	Property rentals	Airline tickets / Travel and Tourism Reservations	Shipping	Transportation and other	Eliminations
Q1 2014	-	-	-	-	-	-	1,742.78	33.01	14.52	-
Q2 2014	-	-	-	-	-	-	1,925.79	39.55	12.62	-
Q3 2014	-	-	-	-	-	-	1,690.47	49.80	19.19	-
Q4 2014	-	-	-	-	-	-	2,098.82	39.06	45.78	-
Q1 2015	-	-	-	-	-	-	2,046.43	32.89	73.26	-
Q2 2015	-	-	-	-	-	-	2,257.11	51.89	77.88	-
Q3 2015	-	-	-	-	-	-	1,787.27	38.38	81.06	-
Q4 2015	-	-	-	-	-	-	2,055.07	36.69	93.11	-
Q1 2016	149.27	23.18	357.28	-	4.34	8.72	-	-	-	(7.83)
Q2 2016	120.62	26.28	467.13	-	4.97	10.29	-	-	-	(7.91)
Q3 2016	156.10	25.72	333.85	-	4.83	12.15	-	-	-	(9.20)
Q4 2016	96.70	32.27	315.63	-	4.27	18.86	-	-	-	(3.06)
Q1 2017	145.68	25.85	282.25	8.95	2.93	0.97	-	-	-	-
Q2 2017	136.84	36.13	366.27	14.15	19.78	14.97	-	-	-	(14.62)
Q3 2017	154.44	53.65	258.80	19.68	-	26.23	-	-	-	(17.88)
Q4 2017	145.68	44.29	555.26	-	6.66	21.31	-	-	-	(195.33)
Q1 2018	151.78	45.42	269.24	11.85	10.54	20.00	-	-	-	(27.13)
Q2 2018	131.80	48.00	326.63	26.92	6.68	15.00	-	-	-	(24.12)
Q3 2018	155.22	313.69	222.04	36.09	2.58	17.50	-	-	-	(23.83)
Q4 2018	97.85	195.51	258.19	4.17	3.47	23.84	-	-	-	(17.61)
Q1 2019	152.84	102.35	234.05	13.06	8.16	15.00	-	-	-	(15.89)
Q2 2019	122.88	118.89	263.03	26.44	5.58	20.00	-	-	-	(22.30)
Q3 2019	151.63	138.88	231.54	27.02	4.05	17.50	-	-	-	(18.35)
Q4 2019	165.59	184.09	229.65	11.93	11.54	19.16	-	-	-	(28.07)
Q1 2020	129.28	153.46	107.21	16.12	8.19	10.21	-	-	-	(27.80)
Q2 2020	9.89	90.09	6.34	24.54	2.57	(2.86)	-	-	-	7.67
Q3 2020	18.74	108.13	13.57	5.52	5.22	(4.18)	-	-	-	(5.03)
Q1 2021	26.85	125.20	28.26	5.13	7.76	1.31	-	-	-	(8.25)
Q2 2021	48.82	129.01	92.45	12.27	10.19	1.41	-	-	-	(8.63)
Q3 2021	102.56	149.38	111.00	4.66	7.30	1.44	-	-	-	(7.11)
Q4 2021	207.53	158.94	102.87	13.76	14.82	1.30	-	-	-	(11.77)
Q1 2022	189.85	179.28	69.66	17.42	12.55	1.72	-	-	-	(9.69)
Q2 2022	199.75	177.55	107.48	27.27	18.71	0.19	-	-	-	(6.54)
Q3 2022	206.77	194.44	69.75	26.32	19.48	1.08	-	-	-	(5.84)
Q4 2022	212.72	273.52	113.48	25.12	(2.10)	2.18	-	-	-	(7.73)
Q1 2023	358.99	275.51	123.90	30.39	13.20	2.74	-	-	-	(10.40)
Q2 2023	257.65	240.37	124.63	44.43	35.78	20.95	-	-	-	(7.63)

Period	Tourism	Transportation	Ticketing	Hospitality sector	Other sectors	Property rentals	Airline tickets / Travel and Tourism Reservations	Shipping	Transportation and other	Eliminations
2013	-	-	-	-	-	-	6,065.75	129.19	65.33	-
2014	-	-	-	-	-	-	7,457.86	161.41	92.10	-
2015	-	-	-	-	-	-	8,145.88	159.85	325.31	-
2016	522.68	107.46	1,473.89	-	18.42	50.02	-	-	-	(28.00)
2017	622.98	170.44	1,745.55	-	23.48	106.26	-	-	-	(561.69)
2018	536.66	602.62	1,076.10	79.03	23.28	76.34	-	-	-	(92.69)
2019	592.94	544.21	958.27	78.45	29.33	71.66	-	-	-	(84.61)
2020	265.45	482.34	117.99	49.75	25.13	4.53	-	-	-	(40.59)
2021	385.76	562.53	334.57	35.82	40.07	5.45	-	-	-	(35.76)
2022	809.09	824.79	360.37	96.13	48.64	5.16	-	-	-	(29.80)

Analysts Estimates (Million)

Item	Q2 2023 (e)	Q2 2023 (a)	Change‬
Average	75.40	68.50	(9.2 %)

Estimates vs Actual (Million)

Item	Q2 2023 (e)	Q2 2023 (a)	Change
SNB Capital	69.80	68.50	(1.9) %
HSBC	60.00	68.50	14.2 %
AlJazira Capital	80.00	68.50	(14.4) %
OSOOL AND BAKHEET	91.80	68.50	(25.4) %

Financial Ratios

	Current
Market Cap (M Riyal)	6,750.00
Enterprise Value (EV) (M)	8,134.30
Shares Outstanding ((M))	300.00
EPS ( Riyal) (TTM)	0.80
Book Value (BV) ( Riyal)	22.32
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	More than 100
P/E (TTM)	28.12
Price/book	1.01
Return on Average Assets (%) (TTM)	2.2
Return on Average Equity (%) (TTM)	3.7

Seera Group Holding (SEERA)

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Seera turns to SAR 126 mln profit in H1 2023; Q2 at SAR 70.5 mln

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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

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Per Share Data (Riyal)

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Ratios And Multiples

Business Segments (Million)

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Estimates vs Actual (Million)

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Seera turns to SAR 126 mln profit in H1 2023; Q2 at SAR 70.5 mln

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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 2023

Revenue by Business Segment (Latest) 2023 Q2

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Seera Group Holding (SEERA)

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Business Segments (Million)