Aldrees Petroleum and Transport Services Company (4200) Q4 2024 earnings summary

Executive summary

• Achieved FY2024 revenue of SAR 19.3 billion, with a 15.5% increase in total employees and a 23.5% increase in petrol stations year-over-year.

• Maintains leadership as the largest petroleum retailer in Saudi Arabia, operating 1,050 stations (10.5% market share) and a fleet of 4,547 trucks and trailers.

• Joint venture with Bertschi continues to contribute to chemical logistics growth.

Financial highlights

• FY2024 consolidated net sales reached SAR 19.29 billion, up from SAR 18.48 billion in FY2023.

• Gross profit increased to SAR 811.2 million, a 30.6% rise year-over-year.

• Net profit after zakat was SAR 338.0 million, up 20.4% from SAR 280.8 million in FY2023.

• Q4 2024 net profit was SAR 93.6 million, a 29.1% increase compared to Q4 2023.

• Other income and share of profit from investments rose significantly, supporting bottom-line growth.

Outlook and guidance

• Aims to expand logistics and transport services, leveraging technology and partnerships.

• Focus on sustainable growth and delivering consistent returns to shareholders.