Saudi: Marafiq's net profits leap 72.5% in Q1-25
Revenues increased by 6.54% year-on-year (YoY) to SAR 1.703 billion in Q1-25 from SAR 1.599 billion, according to the financial results.
The earnings per share (EPS) jumped to SAR 0.47 as of 31 March 2025 from SAR 0.27 in the year-ago period.
Quarterly, the Q1-25 revenues edged down by 0.18% from SAR 1.707 billion in October-December 2024.
The company turned profitable in the three-month period that ended on 31 March 2025, against losses of SAR 370.73 in Q4-24.
At the end of December 2024, Marafiq posted 97.08% YoY lower net profits at SAR 17.15 million, compared to SAR 587 million.
Source: Mubasher
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