CATRION Catering Holding Co. announces its Interim Financial results for the Period Ending on 2025-06-30 ( Six Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 571,453 | 564,805 | 1.177 | 589,387 | -3.042 |
| Gross Profit (Loss) | 159,160 | 149,435 | 6.507 | 169,890 | -6.315 |
| Operational Profit (Loss) | 77,409 | 73,575 | 5.211 | 86,943 | -10.965 |
| Net profit (Loss) | 65,388 | 73,182 | -10.65 | 74,778 | -12.557 |
| Total Comprehensive Income | 62,662 | 73,017 | -14.181 | 74,778 | -16.202 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 1,160,840 | 1,117,619 | 3.867 |
| Gross Profit (Loss) | 329,049 | 301,892 | 8.995 |
| Operational Profit (Loss) | 164,351 | 145,489 | 12.964 |
| Net profit (Loss) | 140,166 | 144,410 | -2.938 |
| Total Comprehensive Income | 137,440 | 144,245 | -4.717 |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,494,956 | 1,340,114 | 11.554 |
| Profit (Loss) per Share | 1.71 | 1.76 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | In the second quarter of 2025, the Company’s revenue increased by 1.2%, reaching SAR 571.5 million compared to SAR 564.8 million in the same quarter of 2024. This increase is mainly attributable to higher inflight catering revenue from foreign and private airlines, which offset the decrease in Integrated Hospitality revenue. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | In the second quarter of 2025, the Company achieved a net profit of SAR 65.4 million after Zakat, compared to SAR 73.2 million in the same quarter of 2024, representing a decrease of 10.7%. The decrease is mainly attributable to higher finance costs associated with lease liabilities, lower finance income, and a share of loss from the associate compared to a share of profit in the prior-year quarter, partially offset by stronger operating performance.
Furthermore, the earnings per share (EPS) for the second quarter of 2025 stood at SAR 0.80, compared to SAR 0.89 in the same quarter of the previous year, mainly due to the decline in net profit resulting from higher finance costs and the share of loss from the associate. The gross profit for the second quarter of 2025 amounted to SAR 159.2 million, reflecting a 6.5% increase from SAR 149.4 million reported in the same quarter of the previous year, primarily due to improved cost of revenue and better efficiency in core operations. Moreover, the operational profit for the second quarter of 2025 totalled SAR 77.4 million, representing a 5.2% increase from SAR 73.6 million reported in the same quarter of the previous year, mainly driven by the higher gross profit and controlled administrative expenses. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The Company experienced a 3.0% revenue decrease during the second quarter of 2025, amounting to SAR 571.5 million, compared to SAR 589.4 million in the first quarter of 2025. The decrease was primarily due to a lower contribution from business lounge services following the conclusion of a service arrangement, softer activity in certain non‑airline services, and a temporary reduction in retail trading during Airport refurbishment, partially offset by a slight increase in in‑flight catering revenue. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The company has reported a net profit of SAR 65.4 million after Zakat for the second quarter of 2025, representing a 12.6% decrease from the preceding quarter’s profit of SAR 74.8 million. This change is primarily due to lower revenue in the current quarter, driven by reduced operational activity during the Hajj break. In addition, the previous quarter’s profit had benefited from a one-off gain related to lease termination/modification.
The earnings per share amounted to SAR 0.80 in the second quarter of 2025, as opposed to SAR 0.91 in the prior quarter, reflecting a 12.6% decrease, consistent with the lower net profit. The gross profit totaled SAR 159.2 million in the second quarter of 2025, compared with SAR 169.9 million in the prior quarter, indicating a 6.3% decrease, primarily due to reduced revenue contribution. The operational profit reached SAR 77.4 million in the second quarter of 2025, compared to SAR 86.9 million in the prior quarter, resulting in an 11.0% decrease, largely reflecting the lower gross profit and the absence of the prior quarter’s non‑recurring income. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | The Company’s revenue for the first half of 2025 amounted to SAR 1,160.8 million, representing a 3.9% increase compared to SAR 1,117.6 million in the same period of 2024. This growth was primarily driven by higher inflight catering revenue with improved business lounge services. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The Company has reported a net profit of SAR 140.2 million after Zakat for the first half of 2025, representing a 2.9% decrease from the same period of 2024, which recorded SAR 144.4 million. This change is primarily due to higher finance costs associated with the new lease arrangement, lower finance income, and the recognition of a share of loss from the associate, despite an increase in operating profit supported by revenue growth.
The earnings per share amounted to SAR 1.71 in the first half of 2025, as opposed to SAR 1.76 in the same period of 2024, reflecting a 2.8% decrease, consistent with the lower net profit. The gross profit totalled SAR 329.0 million in the first half of 2025, compared with SAR 301.9 million in the same period of 2024, indicating a 9.0% increase, primarily due to growth in revenue, improved operational efficiency and cost management. The operational profit reached SAR 164.4 million in the first half of 2025, compared to SAR 145.5 million in the same period of 2024, resulting in a 13.0% increase, reflecting the impact of higher gross profit, and one-off gain relating to leases. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | None |
| Reclassification of Comparison Items | NA |
| Additional Information | NA |
Comments