Abo Moati Posts SAR 24.61M Net Profit in FY2026
Abdullah Saad Mohammed Abo Moati for Bookstores Co. (4191) announced its annual financial results for the twelve months ended March 31, 2026, with net profit rising 11.21% YoY to SAR 24.61 million, despite a 3.92% drop in revenue to SAR 259.53 million.
Key Numbers
Abdullah Saad Mohammed Abo Moati for Bookstores Co. (4191) reported its annual financial results for the fiscal year ended March 31, 2026, posting a net profit of SAR 24.61 million, up 11.21% year-on-year. The growth came despite a 3.92% decline in revenue to SAR 259.53 million, driven by improved profit margins and lower selling and marketing expenses.
Key Financial Results
| Item | Current Year (SAR million) | Previous Year (SAR million) | Change (%) |
|---|---|---|---|
| Revenue | 259.53 | 270.13 | -3.92% |
| Gross Profit | 84.88 | 83.93 | +1.13% |
| Operating Profit | 31.55 | 27.93 | +12.96% |
| Net Profit | 24.61 | 22.13 | +11.21% |
| EPS (SAR) | 1.23 | 1.11 | +10.81% |
| Total Comprehensive Income | 25.32 | 21.34 | +18.65% |
| Shareholders' Equity | 245.69 | 240.39 | +2.21% |
Key Highlights from the Statement
- Profit margin improvement: Primarily due to changes in the sales mix.
- Lower selling and marketing expenses: Compared to the previous year.
- Decrease in other income: During the current year.
- Sales decline: 3.92% due to lower sales in the Ink Division and Wholesale and Retail Division, partially offset by higher revenue from the Leasing Division.
- Auditor's opinion: Unmodified opinion with no additional comments or disclaimers.
- Comparative figures restated: To conform with current period classification and presentation.
Guidance
The company did not provide any forward guidance in its announcement.
Impact on the Stock
No immediate stock price reaction was reported. The market is expected to react to the positive net profit growth and margin improvement, despite the revenue decline.
What This Means for Investors
The results demonstrate the company's ability to improve profitability through cost management and sales mix optimization, even amid falling revenue. This may be viewed positively by investors focused on operational efficiency, but the revenue decline warrants monitoring of divisional performance.
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