Nice One Beauty Digital Marketing Company (4193) Q4 2024 earnings summary

Executive summary

• Achieved strong and profitable growth in FY2024, with revenue up 28% year-over-year and net income surging 120% year-over-year.

• EBITDA margin improved to 8.5% from 5.4% in FY2023, and net margin rose to 7.1% from 4.2% in FY2023.

• Average daily visitors increased by 32% year-over-year, while order frequency rose 7% year-over-year.

Financial highlights

• FY2024 revenue reached SAR 1,003 million, up from SAR 782 million in FY2023.

• Gross margin slightly decreased to 26.8% from 27.7% in FY2023.

• EBITDA grew 102% year-over-year to SAR 85.6 million, and net income rose 120% to SAR 71.7 million.

• Quarterly net profit in Q4 2024 was SAR 5.9 million.

Outlook and guidance

• Plans to expand product assortment, especially in high-growth categories like vitamins.

• Scheduled opening of a new warehouse in Jeddah in 2025 to enhance distribution and sales in the western region.

• Focus on optimizing pricing and discount strategies to drive revenue while maintaining profitability.