Seera’s profits fall 13% in Q1-25; revenues hit SAR 1.1bn - Mubasher Info

SEERA
1810 0.25% 24.26 0.06 2P
7204.B 0.00% 0.00 0.00

Riyadh – Mubasher: Seera Group Holding logged net profits worth SAR 53 million in the first quarter (Q1) of 2025, marking a 13.11% year-on-year (YoY) drop from SAR 61 million.

Revenues grew by 2.41% YoY to SAR 1.10 billion in Q1-25 from SAR 1.07 billion, according to the financial results.

Earnings per share (EPS) stood at SAR 0.13 as of 31 March 2025, down YoY from SAR 0.15.

Quarterly, the group turned profitable in Q1-25 when compared to net losses of SAR 312 million in October-December 2024, while the revenues climbed by 9.85% from SAR 1 billion.

Al Waleed Abdulaziz Al Nasser, Acting CEO of Seera, commented: “Seera Group delivered a steady performance in Q1-25, reflecting continued strength across our core segments and solid progress on our strategy.”

“We remain committed to the listing of Almosafer and the divestment of Portman as announced previously in Seera’s strategy. We are also moving forward with our broader capital allocation strategy,” Al Nasser stated.

He added: “This includes targeted asset divestments and our active share buyback program, which both support capital reduction and represent the key levers in our plan to unlock value and enhance shareholder returns.”

As of 31 December 2024, Seera incurred net losses valued at SAR 138 million, against a net profit of SAR 234 million in 2023.

Source: Mubasher Source: {{details.article.source}}