Al Othaim Markets Reports SAR 134.98M Profit in Q3 2025
A.OTHAIM MARKET 4001.SA | 0.00 |
On 2025-11-04 15:37:35 (Saudi Time), Abdullah Al Othaim Markets Co. announced its Interim financial results for the nine months ended on September 30, 2025. For the period, the company recorded revenue of SAR 8,384.50 million (up 3.952% YoY) and a net profit of SAR 134.98 million.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 2,711.29 | 2,563.1 | 5.781 | 2,535.24 | 6.944 |
| Gross Profit (Loss) | 565.15 | 563.91 | 0.219 | 578.84 | -2.365 |
| Operational Profit (Loss) | 47 | 82.11 | -42.759 | 76.7 | -38.722 |
| Net profit (Loss) | 17.48 | 69.16 | -74.725 | 41.14 | -57.51 |
| Total Comprehensive Income | 17.35 | 64.95 | -73.287 | 40.87 | -57.548 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
Year-on-Year Performance Drivers
Sales increased by 3.95% YoY to SAR 8,384.5 million, driven by store openings and diversification of sales channels. However, net profit decreased by 40.14% to SAR 134.98 million primarily due to promotional discounts aimed at enhancing market share, higher operating costs across various sales channels, increased expenses from new branches (particularly lease financing costs under IFRS 16), and the absence of a SAR 17.7 million zakat provision reversal that benefited the previous year's results.
Quarter-on-Quarter Performance Drivers
QoQ revenue increased by 6.944% due to diversification of sales channels. Net profit decreased by 57.51% primarily because of promotional discounts and campaigns aimed at enhancing market share, despite improved performance from associates and increased financing income from the Dammam mall lease contract renewal, which had a positive cumulative effect in the previous quarter.
Other Items
Abdullah Al Othaim Markets Co.'s Q3 2025 financial results include an unmodified audit opinion. The company reported Q3 revenue of SAR 2,711.29 million (up 5.781% YoY) and net profit of SAR 17.48 million (down 74.725% YoY). During the quarter, the company opened 2 stores and closed 1, compared to opening 15 and closing 1 in the same period last year. Some comparative figures have been restated to maintain consistency with current period presentation.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=91221&anCat=1&cs=4001&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.