{"id":93543,"date":"2025-01-20T00:00:00","date_gmt":"2025-01-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/01\/20\/almarai-posts-16-2-increase-to-net-income-in-4q-2024\/"},"modified":"2025-01-20T00:00:00","modified_gmt":"2025-01-20T00:00:00","slug":"almarai-posts-16-2-increase-to-net-income-in-4q-2024","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/01\/20\/almarai-posts-16-2-increase-to-net-income-in-4q-2024\/","title":{"rendered":"Almarai posts 16.2% increase to net income in 4Q 2024"},"content":{"rendered":"

Food giant<\/strong> Almarai\u2019s net income <\/strong>increased<\/a><\/strong> 16.2% y-o-y to SAR 430.7 mn in 4Q 2024, <\/strong>while revenues rose 4.8% y-o-y to SAR 5.2 bn. The increase was driven by cost management and a rise in GCC sales across most products, particularly in food and fresh dairy, the company says.<\/p>\n

A good year: <\/strong>Almarai wrapped up 2024 with a 12.9% y-o-y increase in net income to a record SAR 2.3 bn, and a 7.2% increase in revenues to SAR 21 bn, on the back of \u201cthe expansion of the products portfolio, sustained investment in consumer communication and continual focus on operational efficiency.\u201d<\/p>\n

ICYMI- <\/strong>S&P Global included Almarai<\/a> among companies whose earnings and ratings are not expected to be significantly impacted by Saudi Aramco\u2019s recent decision<\/a> to hike feedstock and fuel price. Despite incurring an additional SAR 200 mn in costs throughout last year due to higher fuel prices and indirect impacts to its supply chain, the dairy producer\u2019s rating is expected to stay level at BBB- in 2025, mitigating negative effects via efficiency gains and cost optimization.<\/p>\n","protected":false},"excerpt":{"rendered":"

Its total net income for 2024 came in at SAR 2.3 bn<\/p>\n","protected":false},"author":1,"featured_media":93544,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2607],"tags":[284,285,10],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-93543","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-almarai","tag-earnings-watch","tag-enterpriseam-ksa","wpautop","entry"],"acf":{"mongo_id":"54755ab2-29c0-47d7-b0e1-2fa5aa5cfb06","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/1600.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Almarai posts 16.2% increase to net income in 4Q 2024","related_issue":[93529],"teaser":"Its total net income for 2024 came in at SAR 2.3 bn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.63653a00-eb51-4223-8b65-5353b850163c.mp3"},"yoast_head":"\nAlmarai posts 16.2% increase to net income in 4Q 2024 - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/20\/almarai-posts-16-2-increase-to-net-income-in-4q-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Almarai posts 16.2% increase to net income in 4Q 2024\" \/>\n<meta property=\"og:description\" content=\"Its total net income for 2024 came in at SAR 2.3 bn\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/20\/almarai-posts-16-2-increase-to-net-income-in-4q-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-20T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1600.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/20\/almarai-posts-16-2-increase-to-net-income-in-4q-2024\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/20\/almarai-posts-16-2-increase-to-net-income-in-4q-2024\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Almarai posts 16.2% increase to net income in 4Q 2024\",\"datePublished\":\"2025-01-20T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/20\/almarai-posts-16-2-increase-to-net-income-in-4q-2024\/\"},\"wordCount\":176,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/20\/almarai-posts-16-2-increase-to-net-income-in-4q-2024\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1600.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Almarai\",\"EARNINGS WATCH\",\"EnterpriseAM KSA\"],\"articleSection\":[\"EARNINGS WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/20\/almarai-posts-16-2-increase-to-net-income-in-4q-2024\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/20\/almarai-posts-16-2-increase-to-net-income-in-4q-2024\/\",\"name\":\"Almarai posts 16.2% increase to net income in 4Q 2024 - 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