The high profits of “Toby” to 32.28 million riyals in the first quarter of 2025

The profits of the Master of Commercial Services Company (Toby) increased in the first quarter of 2025 by 8.8% to 32.28 million riyals, compared to 29.68 million riyals in the same quarter of last year.
According to the company’s statement on the Saudi Tadawul website, the change in the net profit is due to the following:
The increase in revenues by 32% from 219 million riyals in the first quarter of the year 2024 to 289 million in the first quarter of the year 2025, and the total profit increased: by 15% from 54 million riyals in the first quarter of 2024 to 62.9 million riyals in the first quarter of 2025.
The reasons included: a decrease in financing costs to reach 7.7 million riyals in the first quarter in 2025 compared to 10.8 million riyals for the first quarter of the year 2024.
The company recorded a decrease in the net profit to 32 million riyals in the first quarter of 2025, compared to 37.9 million riyals in the fourth quarter of 2024, due to seasonal factors in line with the nature of the company’s business.
The reasons included: other revenues decreased to 0.4 million riyals in the first quarter of the year 2025 compared to 9.7 million riyals, the fourth quarter of the year 2024.