Shaker’s profits decreased to 27.2 million riyals in the first quarter of 2025

The profits of Al -Hassan Ghazi Ibrahim Shaker decreased in the first quarter of 2025 by 15.6% to 27.20 million riyals, compared to 32.24 million riyals in the same quarter of last year.
According to the company’s statement on Saudi Arabia’s circulation, revenues fell by 3.1% on an annual basis to reach 400.42 million riyals in the first quarter of the fiscal year 2025 AD.
The total profit recorded an increase of 2.93% on an annual basis to reach 100.63 million riyals in the first quarter of the fiscal year 2025 m, compared to a total profit of 97.77 million riyals in the first quarter of the fiscal year 2024 m, as a result of improving cost efficiency and the diversity of the company’s product portfolio.
Operating profits decreased by 20.0% on an annual basis to reach 25.08 million riyals in the first quarter of the fiscal year 2025 m, compared to operating profits of 31.35 million riyals in the first quarter of the fiscal year 2024 m, as a result of the high operating expenditures.
The net profit decreased by 15.64% on an annual basis, from 32.25 million riyals in the first quarter of the fiscal year 2024 m, reaching 27.21 million riyals in the first quarter of the fiscal year 2025 m.
This decrease is mainly due to the decline in the company’s share of the company’s colleague’s profits, in addition to incurring a loss in foreign exchange rates during the aforementioned period, and the reduction in the financing costs has contributed to compensating that decline in part.
According to the foregoing, the level of profitability of the stock decreased from 0.58 riyals per share in the first quarter of 2024 AD to 0.49 riyals per share.
Al -Hassan Ghazi Ibrahim Shaker Safi, a profit of 27.21 million riyals in the first quarter of the fiscal year 2025 AD, recorded a noticeable increase of 79.31% on a quarterly basis, compared to a net profit of 15.17 million riyals in the fourth quarter of the fiscal year 2024 AD.
This increase is due to the high operating income and the increase in the company’s share of the company’s colleague’s profits, as well as the positive impact of foreign exchange rates.
The revenues witnessed an increase of 33.96% on a quarterly basis to reach 400.42 million riyals in the first quarter of the fiscal year 2025 AD.
The total profit recorded an increase of 31.17% on a quarterly basis to reach 100.63 million riyals in the first quarter of the fiscal year 2025 m, compared to a total profit of 76.72 million riyals in the fourth quarter of the fiscal year 2024 m, while the margins of the total profit maintained their stability.
The operating profits increased by 50.20% on a quarterly basis to reach 25.08 million riyals in the first quarter of the fiscal year 2025 m, compared to operating profits of 16.70 million riyals in the fourth quarter of the fiscal year 2024 m, while the margins of operating profits maintained their stability.
The net profit witnessed an increase of 79.31% on a quarterly basis, from 15.17 million riyals in the fourth quarter of the fiscal year 2024 AD, to 27.21 million riyals in the first quarter of the fiscal year 2025 m.