Farm Superstores Reports 17% Profit Growth to SAR 25 Million in 2024

Saudi Marketing Co. (Farm Superstores) posted a 17% increase in net profit, reaching SAR 25 million for the year 2024, compared to SAR 22 million in 2023, according to the company’s annual financial results for the period ending December 31, 2024.

Key Financial Highlights:

• Operational profit rose 28% to SAR 112 million from SAR 87 million in 2023.

• Shareholders’ equity (after deducting minority interest) grew 4% to SAR 685 million, up from SAR 661 million in 2023.

• Earnings per share (EPS) stood at SAR 0.57, compared to SAR 0.48 in 2023.