Riyadh – Mubasher: Abdullah Saad Mohammed Abo Moati for Bookstores announced its annual financial results for the fiscal year ending 31 March 2026, revealing a significant increase in profitability despite a slight decline in total revenues.
The company reported a net profit attributable to shareholders of SAR 24.61 million, marking an 11.21% increase from the SAR 22.13 million recorded in the previous fiscal year.
The latest financial disclosure highlights a period of strategic transition for the company, where improved operational efficiency and a shift in sales dynamics outweighed a moderate dip in top-line performance.
Total sales and revenues for the year reached SAR 259.53 million, representing a 3.92 percent decrease compared to the SAR 270.13 million achieved in the prior year.
According to the company, the reduction in revenue was primarily attributed to lower sales volumes within the ink sector and the wholesale and retail divisions. These declines were partially offset by a positive performance in the company’s rental sector, which saw an increase in revenue over the same period.
Despite the contraction in overall sales, Abo Moati demonstrated strengthened profit margins. Gross profit for the year rose to SAR 84.88 million, a 1.13% increase over the previous year's SAR 83.93 million.
The company’s operating profit showed even more robust growth, climbing 12.96% to reach SAR 31.55 million, up from SAR 27.93 million in the preceding year.
Management attributed the rise in net profit to several key factors, most notably an improvement in profit margins driven by a change in the sales mix.
The company also benefited from a disciplined approach to cost management, reporting a decrease in selling and marketing expenses during the current year. These gains were sufficient to overcome a decline in other income streams during the period.
The company’s total comprehensive income attributable to shareholders rose by 18.65%, reaching SAR 25.32 million compared to SAR 21.34 million in the previous year.
On the balance sheet, total shareholders’ equity (excluding non-controlling interests) grew by 2.21%, totaling SAR 245.69 million. This growth in equity and net income resulted in an increase in earnings per share (EPS), which rose to SAR 1.23 from SAR 1.11 in the prior year.
