Riyadh - Mubasher: Savola Group 's annual financial results revealed a 1,009.24% jump in net profits in 2025.

The company stated in a statement on Tadawul today, Wednesday, that net profit after zakat and tax amounted to approximately SAR 9.97 billion, compared to SAR 899.2 million in 2023.

The company said the increase in net profit is mainly due to a number of factors, including the distribution of the Savola Group's full stake in Almarai, amounting to 34.52%, to eligible Savola shareholders, which resulted in a net profit of SAR 11.3 billion, in addition to the improved performance of the retail sector, as net profit increased from SAR 47 million in 2023 to SAR 154 million in 2024.

This was primarily due to the positive impact of the Customer Experience Reduction (CXR) program and store network expansion, a non-recurring item in the food manufacturing sector recorded in Q3 2024 related to a customs duty refund by the Saudi Zakat, Tax and Customs Authority, with a net impact of SAR 19.4 million, in addition to an increase in the Group's share of profits from associates.

The company's revenues increased to 23.98 billion riyals, compared to 24.15 billion riyals in 2023, by about 0.67%.