Below are the financial statements of Savola Group, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of SAR | 2024 | 2023 |
|---|---|---|
| Revenues | 23,986.66a | 24,149.52a |
| Cost of revenues | -19,029.64a | -19,103.68a |
| Gross profit | 4,957.02a | 5,045.84a |
| Share of results in investment in equity-accounted investees, net of zakat and tax | 808.64a | 718.81a |
| Selling and distribution expenses | -2,991.91a | -2,931.09a |
| Administrative expenses | -938.7a | -869.8a |
| Impairment (charge) / reversal, net | -390.41a | -130.19a |
| Net impairment reversal / (loss) on financial assets | -0.46a | -24.1a |
| Other operating income / (expense) | 9.58a | -7.94a |
| Results from operating activities | 1,454.68a | 2,061.93a |
| Finance income | 132.55a | 98.45a |
| Finance cost | -1,139.07a | -966.04a |
| Net finance cost | -1,006.52a | -867.59a |
| Gain on distribution of investment in equity accounted investee | 11,554.66a | 0a |
| Loss on derecognition of investment in equity accounted investee | -139a | 0a |
| Gain on sale of assets and liabilities classified as held for sale | 0a | 18.68a |
| Profit before zakat and income tax | 11,863.82a | 1,213.01a |
| Income tax expense | -216.47a | -123.24a |
| Zakat expense | -350.01a | -38.47a |
| Profit for the year from continuing operations | 11,297.34a | 1,051.31a |
| (Loss) / profit from discontinued operations | -1,381.99a | 19.17a |
| Profit for the year | 9,915.35a | 1,070.48a |
| Profit (loss) attributable to | — | — |
| Owners of the company | 9,974.27a | 899.19a |
| Non-controlling interests | -58.91a | 171.29a |
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