For the fiscal year ended December 31, 2024, CATRION achieved revenue growth of 7.8% year-over-year, driven by increased demand for our innovative product lines and enhanced guest experience in Inflight catering and business lounges. Our operating profit improved by 18.5%, reflecting our commitment to operational efficiency.
Reflecting the solid financial foundation we have built through strategic investments and disciplined cost management. Our earnings per share (EPS) for the year were SAR 4.30, an increase of 24.6% over the previous year.
Our balance sheet remains robust, with a strong cash position and minimal debt, which positions us well to continue investing in growth opportunities. We distributed 184.5 million to shareholders in dividends during 2024.
Ensuring our financial stability and stakeholder confidence. Our efforts were underscored by a comprehensive review of external audits, a clear VAT and Zakat status, and robust control over outstanding receivables. On the investment front, we channeled resources into new large-scale projects, cutting-edge technologies and cyber security, pivotal moves that solidify our revenue streams and strengthen our long-term market positioning.
accelerating digital transformation with new SAP ERP systems, and embedding sustainable practices across our financial operations.
but to do so in a manner consistent with Vision 2030: driving local talent development, championing environmentally responsible projects, and elevating operational efficiency. We are, in essence, growing a “Company centered on innovation, sustainability and financial resilience ”, one that stands for excellence and high returns for our shareholders.
Corporate Strategy