Sport Clubs Company (6018) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached SAR 82.4 million, up from SAR 69.6 million year-over-year, driven by growth in sports solutions and steady club subscriptions.

• Net profit for the period was SAR 3.4 million, down from SAR 4.0 million in Q1 2024, reflecting higher finance and operating costs.

• The company is preparing for an IPO, with 30% of shares to be offered, including a 10% capital increase.

Financial highlights

• Gross profit for Q1 2025 was SAR 17.2 million, nearly flat year-over-year.

• Operating profit declined to SAR 3.5 million from SAR 4.1 million due to increased selling, marketing, and administrative expenses.

• Basic and diluted EPS was SAR 0.033, compared to SAR 0.038 in Q1 2024.

• Cash and cash equivalents decreased to SAR 3.5 million from SAR 5.0 million at year-end 2024.

Outlook and guidance

• The company is advancing its IPO process, with legal and financial advisors engaged and regulatory filings underway.

• No significant subsequent events after Q1 2025 are expected to materially impact financials.