Baazeem Trading Reports SAR 9.61M Net Profit in Three Months 2026
BAAZEEM 4051.SA | 0.00 |
On 2026-05-11 15:45:19 (Saudi Time), Baazeem Trading Co. announced its Interim financial results for the three months ended on March 31, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 75,130,651 | 70,671,163 | 6.31 | 68,486,489 | 9.701 |
| Gross Profit (Loss) | 28,969,006 | 27,965,299 | 3.589 | 26,667,842 | 8.628 |
| Operational Profit (Loss) | 10,570,066 | 9,480,043 | 11.498 | 7,614,738 | 38.81 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 9,610,564 | 8,634,810 | 11.3 | 5,822,213 | 65.067 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 9,610,564 | 8,634,810 | 11.3 | 5,822,213 | 65.067 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 215,587,864 | 207,792,048 | 3.751 |
| Profit (Loss) per Share | 0.0949 | 0.0853 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales increased 6.31% YoY to SAR 75.13 million driven by increased demand in some company categories. Net profit rose 11.3% YoY to SAR 9.61 million, primarily attributable to the sales growth and the company's efforts to reduce sales and marketing expenses.
Quarter-on-Quarter Performance Drivers
QoQ revenue increased 9.701% to SAR 75.13 million driven by growth in first quarter sales due to Ramadan Season. Net profit surged 65.067% to SAR 9.61 million, primarily due to the absence of Q4 2025's expected credit loss provision for accounts receivable and VAT differences provision for 2020 that negatively impacted the previous quarter.
Other Items
The auditors issued an unmodified conclusion with an emphasis of matter regarding the Group's investment in Baazeem Trading Establishment - Qatar, noting that this subsidiary investment has been registered under the Chairman of the Board of Directors' name since 2008, though proper board approval and ownership transfer acknowledgment documentation exists. No accumulated losses were reported, and total shareholders' equity increased 3.751% to SAR 215,587,864. Earnings per share improved to SAR 0.0949 compared to SAR 0.0853 in the prior year period, based on 101,250,000 total shares outstanding.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95244&anCat=1&cs=4051&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.