Zamil turns to profits of SAR 26.8M in 2024, SAR 8.2M in Q4

26/03/2025 Argaam Exclusive

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Zamil Industrial Investment Co. turned to a net profit of SAR 26.8 million in 2024, against losses of SAR 297.8 million in 2023.

Financials (M)

Item	2023	2024	Change‬
Revenues	4,684.43	6,090.50	30.0 %
Gross Income	572.24	1,058.65	85.0 %
Operating Income	(158.50)	173.81	209.7 %
Net Income	(297.84)	26.81	109.0 %
Average Shares	60.00	60.00	-
Earnings Per Share before unusual items	(5.98)	(0.11)	98.1 %
EPS (Riyals)	(4.96)	0.45	109.0 %

Consolidated sales increased by 30% year-on-year (YoY) in 2024, due to sales growth in the AC and steel segments by 66% and 14%, respectively, by year-end.

Further, the 2024 operating income of the steel and insulation segments grew by SAR 154 million and SAR 34 million, respectively.

The operating losses of the AC segment declined from SAR 367 million in 2023 to SAR 45 million in 2024.

Other revenues also surged by SAR 31.3 million on annual basis in 2024. This was driven by gains from the sale of damaged items during the fire incident that took place in Q1 2023.

However, this was partly offset by the increased provision for the expected credit losses (ECL) to align with International Financial Reporting Standards (IFRS).

A non-cash provision of SAR 250.8 million was accounted for ECL on contract assets and trade receivables for 2024, compared to SAR 157.1 million in the previous year, resulting in an incremental provision of SAR 93.7 million.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2023	Q4 2024	Change‬
Revenues	1,293.87	1,809.35	39.8 %
Gross Income	107.19	373.84	248.8 %
Operating Income	(187.96)	58.14	130.9 %
Net Income	(66.77)	8.23	112.3 %
Average Shares	60.00	60.00	-
Earnings Per Share before unusual items	(4.17)	0.14	103.3 %
EPS (Riyals)	(1.11)	0.14	112.3 %

Item	Q3 2024	Q4 2024	Change‬
Revenues	1,641.45	1,809.35	10.2 %
Gross Income	272.12	373.84	37.4 %
Operating Income	37.14	58.14	56.6 %
Net Income	7.05	8.23	16.6 %
Average Shares	60.00	60.00	-
Earnings Per Share before unusual items	0.12	0.14	16.6 %
EPS (Riyals)	0.12	0.14	16.6 %

The company also swung to net earnings of SAR 8.2 million in Q4 2024, against net losses of SAR 66.8 million a year earlier.

Sequentially, the three-month bottom line grew 16.6% from SAR 7.05 million in Q3 2024.

Accumulated losses reached SAR 62.90 million by the end of the current period, representing 10.5% of capital.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2015	1,258.95	(2.6 %)	305.42	0.0 %	97.49	2.7 %
Q2 2015	1,438.81	3.8 %	317.26	0.4 %	97.25	(4.1 %)
Q3 2015	1,338.31	3.7 %	308.04	(1.2 %)	86.22	(3.9 %)
Q4 2015	1,452.53	(2.2 %)	374.57	(6.5 %)	126.56	5.6 %
2015	5,488.60	0.6 %	1,305.28	(3.1 %)	407.52	0.4 %
Q1 2016	1,223.17	(2.8 %)	281.32	(7.9 %)	78.66	(19.3 %)
Q2 2016	1,408.33	(2.1 %)	308.91	(2.6 %)	99.53	2.3 %
Q3 2016	1,099.22	(17.9 %)	241.85	(21.5 %)	73.91	(14.3 %)
Q4 2016	1,198.51	(17.5 %)	299.84	(19.9 %)	81.45	(35.6 %)
2016	4,929.23	(10.2 %)	1,071.07	(17.9 %)	333.56	(18.1 %)
Q1 2017	997.94	(18.4 %)	209.59	(25.5 %)	64.31	(18.2 %)
Q2 2017	1,125.43	(20.1 %)	237.43	(23.1 %)	65.17	(34.5 %)
Q3 2017	1,023.00	(6.9 %)	195.24	(19.3 %)	41.08	(44.4 %)
Q4 2017	1,257.49	4.9 %	269.35	(10.2 %)	55.99	(31.3 %)
2017	4,403.85	(10.7 %)	908.20	(15.2 %)	226.54	(32.1 %)
Q1 2018	970.00	(2.8 %)	177.03	(15.5 %)	43.32	(32.6 %)
Q2 2018	1,060.89	(5.7 %)	143.21	(39.7 %)	(7.02)	(110.8 %)
Q3 2018	1,074.18	5.0 %	163.36	(16.3 %)	6.98	(83.0 %)
Q4 2018	1,208.58	(3.9 %)	235.35	(12.6 %)	54.65	(2.4 %)
2018	4,313.65	(2.0 %)	715.37	(21.2 %)	97.93	(56.8 %)
Q1 2019	1,020.98	5.3 %	127.76	(27.8 %)	(6.00)	(113.9 %)
Q2 2019	1,046.57	(1.4 %)	102.10	(28.7 %)	(49.89)	(611.1 %)
Q3 2019	1,096.44	2.1 %	144.07	(11.8 %)	6.22	(10.9 %)
Q4 2019	874.60	(27.6 %)	212.92	(9.5 %)	22.41	(59.0 %)
2019	4,038.58	(6.4 %)	586.85	(18.0 %)	(27.27)	(127.8 %)
Q1 2020	880.28	(13.8 %)	118.55	(7.2 %)	(9.13)	(52.1 %)
Q2 2020	719.80	(31.2 %)	79.58	(22.1 %)	(36.46)	26.9 %
Q3 2020	824.39	(24.8 %)	107.04	(25.7 %)	(13.78)	(321.7 %)
Q4 2020	958.49	9.6 %	141.19	(33.7 %)	(2.01)	(109.0 %)
2020	3,382.96	(16.2 %)	446.36	(23.9 %)	(61.38)	(125.1 %)
Q1 2021	949.18	7.8 %	138.03	16.4 %	18.38	301.3 %
Q2 2021	847.42	17.7 %	132.05	65.9 %	15.12	141.5 %
Q3 2021	827.02	0.3 %	135.83	26.9 %	13.97	201.4 %
Q4 2021	900.20	(6.1 %)	81.53	(42.3 %)	(157.88)	(7,743.1 %)
2021	3,523.82	4.2 %	487.43	9.2 %	(110.42)	(79.9 %)
Q1 2022	896.80	(5.5 %)	104.21	(24.5 %)	(27.45)	(249.3 %)
Q2 2022	957.21	13.0 %	117.84	(10.8 %)	(2.43)	(116.1 %)
Q3 2022	1,011.36	22.3 %	155.70	14.6 %	33.55	140.2 %
Q4 2022	1,060.83	17.8 %	173.68	113.0 %	(45.12)	71.4 %
2022	3,926.19	11.4 %	551.43	13.1 %	(41.45)	62.5 %
Q1 2023	1,039.20	15.9 %	146.78	40.9 %	24.50	189.3 %
Q2 2023	1,125.48	17.6 %	150.92	28.1 %	4.29	276.3 %
Q3 2023	1,225.88	21.2 %	163.43	5.0 %	0.66	(98.0 %)
Q4 2023	1,293.87	22.0 %	107.19	(38.3 %)	(187.96)	(316.6 %)
2023	4,684.43	19.3 %	572.24	3.8 %	(158.50)	(282.4 %)
Q1 2024	1,304.42	25.5 %	199.45	35.9 %	21.44	(12.5 %)
Q2 2024	1,335.28	18.6 %	213.24	41.3 %	57.09	1231.8 %
Q3 2024	1,641.45	33.9 %	272.12	66.5 %	37.14	5501.2 %
Q4 2024	1,809.35	39.8 %	373.84	248.8 %	58.14	130.9 %
2024	6,090.50	30.0 %	1,058.65	85.0 %	173.81	209.7 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2015	5,488.60	0.6 %	1,305.28	(3.1 %)	407.52	0.4 %
2016	4,929.23	(10.2 %)	1,071.07	(17.9 %)	333.56	(18.1 %)
2017	4,403.85	(10.7 %)	908.20	(15.2 %)	226.54	(32.1 %)
2018	4,313.65	(2.0 %)	715.37	(21.2 %)	97.93	(56.8 %)
2019	4,038.58	(6.4 %)	586.85	(18.0 %)	(27.27)	(127.8 %)
2020	3,382.96	(16.2 %)	446.36	(23.9 %)	(61.38)	(125.1 %)
2021	3,523.82	4.2 %	487.43	9.2 %	(110.42)	(79.9 %)
2022	3,926.19	11.4 %	551.43	13.1 %	(41.45)	62.5 %
2023	4,684.43	19.3 %	572.24	3.8 %	(158.50)	(282.4 %)
2024	6,090.50	30.0 %	1,058.65	85.0 %	173.81	209.7 %

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	73.73	11.7 %	1.23	-	73.73	1.23
Q2 2015	74.36	1.8 %	1.24	-	74.36	1.24
Q3 2015	57.46	1.9 %	0.96	-	57.46	0.96
Q4 2015	57.45	(11.5 %)	0.96	(65.85)	123.30	2.06
2015	263.01	1.0 %	4.38	(65.85)	328.86	5.48
Q1 2016	52.90	(28.3 %)	0.88	-	52.90	0.88
Q2 2016	51.22	(31.1 %)	0.85	-	51.22	0.85
Q3 2016	41.15	(28.4 %)	0.69	-	41.15	0.69
Q4 2016	1.11	(98.1 %)	0.02	(90.32)	91.43	1.52
2016	146.38	(44.3 %)	2.44	(90.32)	236.70	3.95
Q1 2017	41.78	(21.0 %)	0.70	-	41.78	0.70
Q2 2017	36.45	(28.8 %)	0.61	-	36.45	0.61
Q3 2017	21.94	(46.7 %)	0.37	-	21.94	0.37
Q4 2017	4.85	337.1 %	0.08	(10.88)	15.73	0.26
2017	105.02	(28.3 %)	1.75	(10.88)	115.90	1.93
Q1 2018	15.57	(62.7 %)	0.26	-	15.57	0.26
Q2 2018	(39.77)	(209.1 %)	(0.66)	-	(39.77)	(0.66)
Q3 2018	(22.58)	(202.9 %)	(0.38)	-	(22.58)	(0.38)
Q4 2018	(93.06)	(2017.9 %)	(1.55)	(96.29)	3.23	0.05
2018	(139.83)	(233.2 %)	(2.33)	(96.29)	(43.55)	(0.73)
Q1 2019	(47.15)	(402.9 %)	(0.79)	-	(47.15)	(0.79)
Q2 2019	(49.55)	(24.6 %)	(0.83)	34.58	(84.14)	(1.40)
Q3 2019	(28.13)	(24.6 %)	(0.47)	-	(28.13)	(0.47)
Q4 2019	(13.97)	85.0 %	(0.23)	-	(13.97)	(0.23)
2019	(138.81)	0.7 %	(2.31)	34.58	(173.39)	(2.89)
Q1 2020	(28.83)	38.9 %	(0.48)	-	(28.83)	(0.48)
Q2 2020	(58.31)	(17.7 %)	(0.97)	-	(58.31)	(0.97)
Q3 2020	(38.50)	(36.8 %)	(0.64)	-	(38.50)	(0.64)
Q4 2020	(34.25)	(145.1 %)	(0.57)	(10.68)	(23.57)	(0.39)
2020	(159.87)	(15.2 %)	(2.66)	(10.68)	(149.19)	(2.49)
Q1 2021	5.20	118.0 %	0.09	-	5.20	0.09
Q2 2021	7.07	112.1 %	0.12	-	7.07	0.12
Q3 2021	0.85	102.2 %	0.01	-	0.85	0.01
Q4 2021	(172.54)	(403.8 %)	(2.88)	-	(172.54)	(2.88)
2021	(159.42)	0.3 %	(2.66)	-	(159.42)	(2.66)
Q1 2022	(51.92)	(1098.5 %)	(0.87)	-	(51.92)	(0.87)
Q2 2022	(28.99)	(510.3 %)	(0.48)	-	(28.99)	(0.48)
Q3 2022	2.44	185.8 %	0.04	-	2.44	0.04
Q4 2022	(99.59)	42.3 %	(1.66)	-	(99.59)	(1.66)
2022	(178.07)	(11.7 %)	(2.97)	-	(178.07)	(2.97)
Q1 2023	(13.81)	73.4 %	(0.23)	13.80	(27.62)	(0.46)
Q2 2023	(184.09)	(535.0 %)	(3.07)	(147.12)	(36.98)	(0.62)
Q3 2023	(33.17)	(1462.2 %)	(0.55)	11.30	(44.47)	(0.74)
Q4 2023	(66.77)	33.0 %	(1.11)	183.24	(250.01)	(4.17)
2023	(297.84)	(67.3 %)	(4.96)	61.23	(359.07)	(5.98)
Q1 2024	5.43	139.3 %	0.09	33.57	(28.14)	(0.47)
Q2 2024	6.10	103.3 %	0.10	-	6.10	0.10
Q3 2024	7.05	121.3 %	0.12	-	7.05	0.12
Q4 2024	8.23	112.3 %	0.14	-	8.23	0.14
2024	26.81	109.0 %	0.45	33.57	(6.77)	(0.11)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	Earnings Per Share before unusual items
2015	263.01	1.0 %	4.38	(65.85)	328.86	5.48
2016	146.38	(44.3 %)	2.44	(90.32)	236.70	3.95
2017	105.02	(28.3 %)	1.75	(10.88)	115.90	1.93
2018	(139.83)	(233.2 %)	(2.33)	(96.29)	(43.55)	(0.73)
2019	(138.81)	0.7 %	(2.31)	34.58	(173.39)	(2.89)
2020	(159.87)	(15.2 %)	(2.66)	(10.68)	(149.19)	(2.49)
2021	(159.42)	0.3 %	(2.66)	-	(159.42)	(2.66)
2022	(178.07)	(11.7 %)	(2.97)	-	(178.07)	(2.97)
2023	(297.84)	(67.3 %)	(4.96)	61.23	(359.07)	(5.98)
2024	26.81	109.0 %	0.45	33.57	(6.77)	(0.11)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	24.61 %	10.47 %	5.13 %
Q2 2015	24.39 %	10.36 %	5.10 %
Q3 2015	24.11 %	10.22 %	5.08 %
Q4 2015	23.78 %	10.38 %	5.99 %
2015	23.78 %	10.38 %	5.99 %
Q1 2016	23.50 %	10.08 %	5.65 %
Q2 2016	23.47 %	10.07 %	5.25 %
Q3 2016	23.28 %	10.27 %	5.18 %
Q4 2016	22.96 %	9.76 %	4.80 %
2016	21.73 %	9.76 %	4.80 %
Q1 2017	22.54 %	9.89 %	4.80 %
Q2 2017	22.36 %	9.67 %	4.77 %
Q3 2017	21.68 %	8.92 %	4.41 %
Q4 2017	20.70 %	8.18 %	2.63 %
2017	20.62 %	8.18 %	2.63 %
Q1 2018	20.09 %	7.67 %	2.05 %
Q2 2018	18.20 %	6.04 %	0.31 %
Q3 2018	17.26 %	5.13 %	(0.71 %)
Q4 2018	16.67 %	5.05 %	(1.01 %)
2018	16.58 %	5.05 %	(1.01 %)
Q1 2019	15.34 %	3.98 %	(2.43 %)
Q2 2019	14.45 %	3.11 %	(3.46 %)
Q3 2019	13.93 %	3.21 %	(3.57 %)
Q4 2019	14.53 %	2.72 %	(4.29 %)
2019	14.53 %	2.72 %	(4.29 %)
Q1 2020	14.82 %	2.67 %	(3.98 %)
Q2 2020	15.54 %	3.23 %	(3.62 %)
Q3 2020	15.70 %	2.81 %	(4.23 %)
Q4 2020	13.19 %	2.00 %	(4.41 %)
2020	13.19 %	2.00 %	(4.41 %)
Q1 2021	13.50 %	2.65 %	(3.34 %)
Q2 2021	14.48 %	3.90 %	(1.39 %)
Q3 2021	15.27 %	4.53 %	(0.29 %)
Q4 2021	13.83 %	0.15 %	(4.52 %)
2021	13.83 %	0.15 %	(4.52 %)
Q1 2022	13.07 %	(1.30 %)	(6.24 %)
Q2 2022	12.27 %	(1.88 %)	(7.05 %)
Q3 2022	12.20 %	(1.37 %)	(6.67 %)
Q4 2022	14.04 %	1.46 %	(4.54 %)
2022	14.04 %	1.46 %	(4.54 %)
Q1 2023	14.60 %	2.87 %	(3.78 %)
Q2 2023	14.80 %	2.82 %	(3.82 %)
Q3 2023	14.26 %	1.88 %	(4.69 %)
Q4 2023	12.13 %	(1.46 %)	(7.67 %)
2023	12.22 %	(1.46 %)	(7.67 %)
Q1 2024	12.55 %	(1.71 %)	(7.27 %)
Q2 2024	13.24 %	(0.48 %)	(6.13 %)
Q3 2024	14.21 %	0.11 %	(4.75 %)
Q4 2024	17.38 %	4.33 %	(0.11 %)
2024	17.38 %	4.33 %	(0.11 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2015	23.78 %	10.38 %	5.99 %
2016	21.73 %	9.76 %	4.80 %
2017	20.62 %	8.18 %	2.63 %
2018	16.58 %	5.05 %	(1.01 %)
2019	14.53 %	2.72 %	(4.29 %)
2020	13.19 %	2.00 %	(4.41 %)
2021	13.83 %	0.15 %	(4.52 %)
2022	14.04 %	1.46 %	(4.54 %)
2023	12.22 %	(1.46 %)	(7.67 %)
2024	17.38 %	4.33 %	(0.11 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	24.26 %	10.75 %	5.86 %
Q2 2015	22.05 %	9.75 %	5.17 %
Q3 2015	23.02 %	9.49 %	4.29 %
Q4 2015	25.79 %	11.49 %	8.49 %
Q1 2016	23.00 %	9.42 %	4.32 %
Q2 2016	21.93 %	9.73 %	3.64 %
Q3 2016	22.00 %	10.29 %	3.74 %
Q4 2016	25.02 %	9.65 %	7.63 %
Q1 2017	21.00 %	9.98 %	4.19 %
Q2 2017	21.10 %	8.81 %	3.24 %
Q3 2017	19.09 %	7.16 %	2.14 %
Q4 2017	21.42 %	7.02 %	1.25 %
Q1 2018	18.25 %	7.71 %	1.60 %
Q2 2018	13.50 %	2.27 %	(3.75 %)
Q3 2018	15.21 %	3.39 %	(2.10 %)
Q4 2018	19.47 %	6.82 %	0.27 %
Q1 2019	12.51 %	3.01 %	(4.62 %)
Q2 2019	9.76 %	(1.39 %)	(8.04 %)
Q3 2019	13.14 %	3.80 %	(2.57 %)
Q4 2019	24.34 %	5.93 %	(1.60 %)
Q1 2020	13.47 %	2.84 %	(3.27 %)
Q2 2020	11.06 %	(0.46 %)	(8.10 %)
Q3 2020	12.98 %	2.33 %	(4.67 %)
Q4 2020	14.73 %	2.81 %	(2.46 %)
Q1 2021	14.54 %	5.14 %	0.55 %
Q2 2021	15.58 %	5.29 %	0.83 %
Q3 2021	16.42 %	5.04 %	0.10 %
Q4 2021	9.06 %	(14.46 %)	(19.17 %)
Q1 2022	11.62 %	(0.18 %)	(5.79 %)
Q2 2022	12.31 %	2.39 %	(3.03 %)
Q3 2022	15.40 %	5.67 %	0.24 %
Q4 2022	16.37 %	(2.00 %)	(9.39 %)
Q1 2023	14.12 %	5.57 %	(2.66 %)
Q2 2023	13.41 %	2.27 %	(3.29 %)
Q3 2023	13.33 %	1.76 %	(3.63 %)
Q4 2023	8.28 %	(13.39 %)	(19.32 %)
Q1 2024	15.29 %	3.20 %	(2.16 %)
Q2 2024	15.97 %	6.38 %	0.46 %
Q3 2024	16.58 %	3.20 %	0.43 %
Q4 2024	20.66 %	4.65 %	0.45 %

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	60.00	4.47	4.63	30.27
Q2 2015	60.00	4.49	4.65	30.44
Q3 2015	60.00	4.51	4.67	30.36
Q4 2015	60.00	4.38	5.48	31.42
Q1 2016	60.00	4.04	5.13	28.75
Q2 2016	60.00	3.65	4.75	32.00
Q3 2016	60.00	3.38	4.48	31.67
Q4 2016	60.00	2.44	3.95	27.97
Q1 2017	60.00	2.25	3.76	28.79
Q2 2017	60.00	2.01	3.51	28.41
Q3 2017	60.00	1.69	3.19	27.77
Q4 2017	60.00	1.75	1.93	27.75
Q1 2018	60.00	1.31	1.49	27.81
Q2 2018	60.00	0.04	0.22	26.02
Q3 2018	60.00	(0.70)	(0.52)	25.66
Q4 2018	60.00	(2.33)	(0.73)	23.60
Q1 2019	60.00	(3.38)	(1.77)	22.82
Q2 2019	60.00	(3.54)	(2.51)	22.02
Q3 2019	60.00	(3.63)	(2.60)	21.53
Q4 2019	60.00	(2.31)	(2.89)	21.31
Q1 2020	60.00	(2.01)	(2.58)	20.76
Q2 2020	60.00	(2.15)	(2.15)	19.77
Q3 2020	60.00	(2.33)	(2.33)	19.18
Q4 2020	60.00	(2.66)	(2.49)	18.89
Q1 2021	60.00	(2.10)	(1.92)	18.98
Q2 2021	60.00	(1.01)	(0.83)	19.07
Q3 2021	60.00	(0.35)	(0.17)	19.09
Q4 2021	60.00	(2.66)	(2.66)	16.11
Q1 2022	60.00	(3.61)	(3.61)	15.10
Q2 2022	60.00	(4.21)	(4.21)	14.54
Q3 2022	60.00	(4.18)	(4.18)	14.51
Q4 2022	60.00	(2.97)	(2.97)	12.85
Q1 2023	60.00	(2.33)	(2.56)	12.48
Q2 2023	60.00	(4.92)	(2.70)	9.41
Q3 2023	60.00	(5.51)	(3.48)	8.84
Q4 2023	60.00	(4.96)	(5.98)	7.53
Q1 2024	60.00	(4.64)	(5.99)	7.27
Q2 2024	60.00	(1.47)	(5.28)	7.36
Q3 2024	60.00	(0.80)	(4.42)	7.47
Q4 2024	60.00	0.45	(0.11)	7.98

Period	Shares Outstanding (M)	EPS (Riyal)	Earnings Per Share before unusual items (Riyal)	Book Value (BV)
2015	60.00	4.38	5.48	31.42
2016	60.00	2.44	3.95	27.97
2017	60.00	1.75	1.93	27.75
2018	60.00	(2.33)	(0.73)	23.60
2019	60.00	(2.31)	(2.89)	21.31
2020	60.00	(2.66)	(2.49)	18.89
2021	60.00	(2.66)	(2.66)	16.11
2022	60.00	(2.97)	(2.97)	12.85
2023	60.00	(4.96)	(5.98)	7.53
2024	60.00	0.45	(0.11)	7.98

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2015	13.01	12.55	1.92
Q2 2015	12.58	12.14	1.86
Q3 2015	8.87	8.56	1.32
Q4 2015	7.43	5.94	1.04
Q1 2016	7.24	5.69	1.02
Q2 2016	7.70	5.92	0.88
Q3 2016	6.62	5.00	0.71
Q4 2016	12.71	7.86	1.11
Q1 2017	13.20	7.92	1.03
Q2 2017	13.97	7.99	0.99
Q3 2017	15.67	8.28	0.95
Q4 2017	15.35	13.91	0.97
Q1 2018	19.41	17.06	0.92
Q2 2018	More than 100	More than 100	0.93
Q3 2018	NEG	NEG	0.78
Q4 2018	NEG	NEG	0.74
Q1 2019	NEG	NEG	0.78
Q2 2019	NEG	NEG	0.77
Q3 2019	NEG	NEG	0.83
Q4 2019	NEG	NEG	0.85
Q1 2020	NEG	NEG	0.66
Q2 2020	NEG	NEG	0.78
Q3 2020	NEG	NEG	1.03
Q4 2020	NEG	NEG	1.10
Q1 2021	NEG	NEG	1.24
Q2 2021	NEG	NEG	2.04
Q3 2021	NEG	NEG	2.07
Q4 2021	NEG	NEG	1.72
Q1 2022	NEG	NEG	1.71
Q2 2022	NEG	NEG	1.25
Q3 2022	NEG	NEG	1.25
Q4 2022	NEG	NEG	1.24
Q1 2023	NEG	NEG	1.33
Q2 2023	NEG	NEG	2.21
Q3 2023	NEG	NEG	2.60
Q4 2023	NEG	NEG	3.49
Q1 2024	NEG	NEG	3.59
Q2 2024	NEG	NEG	3.26
Q3 2024	NEG	NEG	3.58
Q4 2024	72.41	NEG	4.06

Period	P/E	Adjusted P/E	Price/book
2015	7.43	5.94	1.04
2016	12.71	7.86	1.11
2017	15.35	13.91	0.97
2018	NEG	NEG	0.74
2019	NEG	NEG	0.85
2020	NEG	NEG	1.10
2021	NEG	NEG	1.72
2022	NEG	NEG	1.24
2023	NEG	NEG	3.49
2024	72.41	NEG	4.06

Business Segments (Million)

Compared With The

Period	Air conditioners Manufacture	Iron Industry	Insulation materials industry	Corporate and others	Eliminations	concrete	Headquarters & Others
Q1 2015	547.19	628.68	81.12	-	-	-	1.96
Q2 2015	698.85	650.62	87.67	-	-	-	1.67
Q3 2015	569.05	694.71	73.52	-	-	-	1.03
Q4 2015	661.12	709.80	79.08	-	-	-	2.53
Q1 2016	496.61	640.12	85.22	6.27	(5.04)	-	-
Q2 2016	692.41	629.07	85.58	6.85	(5.58)	-	-
Q3 2016	475.69	544.81	77.21	6.39	(4.88)	-	-
Q4 2016	576.34	548.25	98.78	8.44	(33.29)	-	-
Q1 2017	407.19	508.55	84.88	7.27	(9.96)	-	-
Q2 2017	566.05	485.96	74.75	2.22	(3.56)	-	-
Q3 2017	506.96	445.42	71.33	3.78	(4.49)	-	-
Q4 2017	664.59	529.71	68.63	5.73	(11.17)	-	-
Q1 2018	412.20	482.42	77.11	3.50	(5.24)	-	-
Q2 2018	456.20	530.63	75.93	4.80	(6.67)	-	-
Q3 2018	487.31	516.27	69.71	3.32	(2.43)	-	-
Q4 2018	528.46	611.40	79.40	4.35	(15.02)	-	-
Q1 2019	374.14	560.36	87.65	2.79	(3.96)	-	-
Q2 2019	391.14	585.70	71.88	2.43	(4.58)	-	-
Q3 2019	495.14	544.56	61.24	1.27	(5.78)	-	-
Q4 2019	493.44	334.80	67.93	1.21	(22.77)	-	-
Q1 2020	349.68	472.09	64.34	1.07	(6.90)	-	-
Q2 2020	363.40	322.16	36.41	1.15	(3.32)	-	-
Q3 2020	371.16	407.42	54.61	0.08	(8.88)	-	-
Q4 2020	467.57	442.43	55.57	0.20	(7.27)	-	-
Q1 2021	395.51	499.76	56.95	0.24	(3.27)	-	-
Q2 2021	333.56	473.04	44.14	0.24	(3.56)	-	-
Q3 2021	318.34	467.62	46.32	0.24	(5.50)	-	-
Q4 2021	296.22	556.54	59.32	0.24	(12.12)	-	-
Q1 2022	327.89	520.53	50.62	0.24	(2.48)	-	-
Q2 2022	359.49	545.78	54.32	0.26	(2.65)	-	-
Q3 2022	408.93	554.81	59.02	0.26	(11.66)	-	-
Q4 2022	367.74	644.64	58.06	0.26	(9.88)	-	-
Q1 2023	398.57	603.96	68.83	0.26	(32.43)	-	-
Q2 2023	366.66	681.91	72.03	0.26	4.64	-	-
Q3 2023	395.13	731.68	102.57	0.26	(3.75)	-	-
Q4 2023	348.07	874.33	84.31	0.26	(13.09)	-	-
Q1 2024	474.87	753.28	81.75	0.26	(5.74)	-	-
Q2 2024	476.09	791.06	76.56	0.26	(8.69)	-	-
Q3 2024	773.55	795.94	81.54	0.26	(9.83)	-	-
Q4 2024	779.23	950.47	85.13	0.26	(5.74)	-	-

Period	Air conditioners Manufacture	Iron Industry	Insulation materials industry	Corporate and others	Eliminations	concrete	Headquarters & Others
2015	2,476.21	2,683.81	321.39	-	-	-	7.19
2016	2,241.05	2,362.24	346.79	27.95	(48.79)	-	-
2017	2,144.79	1,969.64	299.60	19.00	(29.18)	-	-
2018	1,884.17	2,140.72	302.15	15.98	(29.37)	-	-
2019	1,753.86	2,025.42	288.70	7.69	(37.09)	-	-
2020	1,551.81	1,644.10	210.94	2.49	(26.37)	-	-
2021	1,343.63	1,996.97	206.73	0.94	(24.45)	-	-
2022	1,464.05	2,265.76	222.02	1.03	(26.67)	-	-
2023	1,508.43	2,891.88	327.73	1.03	(44.63)	-	-
2024	2,503.73	3,290.75	324.99	1.03	(29.99)	-	-

Financial Ratios

	Current
Market Cap (M Riyal)	2,280.00
Enterprise Value (EV) (M)	4,025.14
Shares Outstanding ((M))	60.00
EPS ( Riyal) (TTM)	0.45
Book Value (BV) ( Riyal)	7.98
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	More than 100
Price/book	4.76
Return on Average Assets (%) (TTM)	0.4
Return on Average Equity (%) (TTM)	0.8

Zamil Industrial Investment Co. (ZAMIL INDUST)

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Zamil turns to profits of SAR 26.8M in 2024, SAR 8.2M in Q4

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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)

Revenue by Business Segment (Latest) 2024 Q4

Financial Ratios

Share Price

Zamil Industrial Investment Co. (ZAMIL INDUST)

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Zamil turns to profits of SAR 26.8M in 2024, SAR 8.2M in Q4

View other reports

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) Q4 2024

Revenue by Business Segment (Latest) 2024 Q4

Financial Ratios

Share Price

Zamil Industrial Investment Co. (ZAMIL INDUST)

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Business Segments (Million)