Elm 2024 Profit Jumps 34.6% to SAR 1.8 Billion

Saudi Arabia’s Elm Co. reported a 34.6% rise in net profit to SAR 1.8 billion for 2024, up from SAR 1.3 billion a year earlier, following the release of its annual consolidated financial results for the period ending Dec. 31, 2024.

Operating profit increased 25.8% to SAR 1.7 billion from SAR 1.3 billion in 2023. Shareholders’ equity, excluding non-controlling interests, grew 32.4% to SAR 5.2 billion from SAR 3.9 billion.

Earnings per share climbed to SAR 23.5 from SAR 17.4 in the previous year.