CATRION Catering Holding Co. announces its Interim Financial results for the Period Ending on 2025-09-30 ( Nine Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 617,256 | 587,209 | 5.116 | 571,453 | 8.015 |
| Gross Profit (Loss) | 179,546 | 165,175 | 8.7 | 159,160 | 12.808 |
| Operational Profit (Loss) | 108,282 | 114,716 | -5.608 | 77,409 | 39.882 |
| Net profit (Loss) | 97,021 | 109,622 | -11.494 | 65,388 | 48.377 |
| Total Comprehensive Income | 98,373 | 109,622 | -10.261 | 62,662 | 56.989 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 1,778,096 | 1,704,828 | 4.297 |
| Gross Profit (Loss) | 508,595 | 467,067 | 8.891 |
| Operational Profit (Loss) | 272,633 | 260,205 | 4.776 |
| Net profit (Loss) | 237,187 | 254,032 | -6.631 |
| Total Comprehensive Income | 235,813 | 253,867 | -7.111 |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,499,029 | 1,355,435 | 10.593 |
| Profit (Loss) per Share | 2.89 | 3.1 | |
| 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 | - | - | |
| Accumulated Losses | - | - | |
| 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 third quarter of 2025, the Company’s revenue increased by 5.1%, reaching SAR 617.3 million compared to SAR 587.2 million in the same quarter of 2024. This increase is mainly attributable to higher in-flight catering and business lounge 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 third quarter of 2025, the Company achieved a net profit of SAR 97.0 million after Zakat, compared to SAR 109.6 million in the same quarter of 2024, representing a 11.5% decrease. The decrease is mainly attributable to higher finance costs associated with lease liabilities, lower finance income, and a share of loss from the associate, partially offset by a more substantial gross profit. Additionally, the third quarter prior year benefited from a one-off gain from reversal of expected credit loss (ECL) allowance of approximately SAR 8.6 million.
Furthermore, the earnings per share (EPS) for the third quarter of 2025 stood at SAR 1.18 per share, compared to SAR 1.34 per share in the third quarter of 2024, mainly due to the decrease in net profit resulting from higher finance costs as per IFRS16, lower finance income from investments and the share of loss from an associate. The gross profit for the third quarter of 2025 amounted to SAR 179.5 million, reflecting 8.7% increase from SAR 165.2 million reported in the same quarter of the previous year, primarily due to improved operating efficiency. Moreover, the operating profit for the third quarter of 2025 totaled SAR 108.3 million, representing 5.6% decrease from SAR 114.7 million in the same quarter of 2024, mainly due to higher general and administrative expenses in 2025. The third quarter prior year benefited from a one-off gain from reversal of expected credit loss (ECL) allowance of approximately SAR 8.6 million |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | In the third quarter of 2025, the Company’s revenue increased by 8.0%, reaching SAR 617.3 million compared to SAR 571.5 million in the second quarter of 2025. This quarter-on-quarter growth was mainly driven by higher revenue in in-flight catering, business lounge and non-airline 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 97.0 million after Zakat for the third quarter of 2025, compared to profit of second quarter of 2025 amounting to SAR 65.4 million which represents increase of 48.4% . This change is primarily due to increase in revenue resulted from higher activity in in-flight catering and business lounges, which translated into higher gross profit and operating profit versus second quarter of 2025.
Earnings per share (EPS) amounted to SAR 1.18 per share in the third quarter of 2025, compared to SAR 0.80 per share in the second quarter of 2025, reflecting a 48.4% increase and consistent with the higher net profit. The gross profit totaled SAR 179.5 million in the third quarter of 2025, compared to SAR 159.2 million in the second quarter of 2025, indicating a 12.8% increase, primarily due to the higher revenue. The operating profit reached SAR 108.3 million in the third quarter of 2025, compared to SAR 77.4 million in the second quarter of 2025, resulting in a 39.9% increase, reflecting higher gross profit. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | In the nine months ended 30 September 2025, the Company’s revenue increased by 4.3%, reaching to SAR 1,778.1 million compared to SAR 1,704.8 million in the same nine months period of 2024. This growth was mainly driven by higher revenue in in-flight catering and business lounge during the period. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | In the nine months ended 30 September 2025, the Company recorded net profit after Zakat of SAR 237.2 million, compared to SAR 254.0 million in the nine months ended 30 September 2024, representing a decrease of 6.6%. This decrease was mainly driven by higher finance costs associated with lease liabilities, lower finance income, and a share of loss from the associate, instead of share of profit from associate in the same period of 2024.
Earnings per share (EPS) for the nine months ended 30 September 2025 is SAR 2.89 per share, compared to SAR 3.10 per share for the same period in the nine months ended 30 September 2024, mainly due to the decrease in net profit resulting from higher finance costs, lower finance income and the share of loss from the associate. The Company reported gross profit of SAR 508.6 million for the nine months ended 30 September 2025, compared to SAR 467.1 million for the nine months ended 30 September 2024 representing increase of 8.9%, due to higher revenue and improved cost efficiency. The Company reported operating profit of SAR 272.6 million in the nine months ended 30 September 2025 compared to SAR 260.2 million in the nine months ended 30 September 2024, representing an increase of 4.8%, due to net impact between the difference of the higher gross profit and the increase in general and administrative expenses. |
| 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