Arabian Food Dairy (9536.SR) Q4 2024 Earnings Report

QQ4 2024 delivered a pronounced rebound in top-line activity for Arabian Food Dairy Factories Company, with revenue totaling SAR 31.74 million, up 97.32% year over year and 115.82% quarter over quarter. The company achieved a gross profit of SAR 15.35 million and a gross margin of 48.38%, underscoring favorable product mix and pricing discipline amid a improving cost environment. EBITDA stood at SAR 5.78 million, and net income reached SAR 2.20 million, yielding a net margin of 6.94% and basic earnings per share of SAR 1.56. Operating income of SAR 2.73 million produced an operating margin of 8.61%. Cash flow dynamics remained constructive, with operating cash flow of SAR 3.81 million and free cash flow of SAR 0.54 million; the company closed the period with SAR 10.17 million in cash and cash equivalents and a solid liquidity profile (current ratio 3.01, quick ratio 2.03). The balance sheet reflects a conservative leverage posture: total debt SAR 11.74 million, net debt SAR 1.57 million, and total stockholders’ equity SAR 34.31 million, contributing to a debt-to-capitalization ratio of 0.255 and an interest coverage ratio of 4.59x. The dividend payout remains elevated relative to near-term cash flow, with SAR 2.12 million in dividends paid (dividend payout ratio reported at 96.1%).