Nice One Beauty Digital Marketing Company (4193) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached SR 324.97 million, up 30% year-over-year from SR 250.05 million.

• Net profit for the period was SR 24.12 million, a 10% increase compared to SR 21.90 million in Q1 2024.

• The company completed its IPO, issuing 5.5 million new shares and listing on the Saudi Stock Exchange in January 2025.

• All short-term and long-term bank borrowings were fully repaid during the quarter.

• Cash and cash equivalents rose to SR 180.08 million from SR 49.98 million at year-end 2024.

Financial highlights

• Gross profit increased to SR 81.27 million from SR 71.10 million year-over-year.

• Operating profit was SR 26.91 million, up from SR 23.88 million in Q1 2024.

• Earnings per share (EPS) for Q1 2025 was SR 0.21, compared to SR 20,600.58 in Q1 2024 due to share split and capital increase.

• Total assets grew to SR 743.55 million from SR 530.18 million at year-end 2024.

• Equity increased to SR 400.60 million from SR 185.86 million at year-end 2024.

Outlook and guidance

• Management notes that Q1 2025 results may not be indicative of full-year 2025 performance.

• The company is expanding regionally, with new subsidiaries in Egypt and UAE, though commercial operations have not yet commenced.