Raydan operates through three segments: Traditional Meals, Catering Services, and Other operations, with approximately 16 branches. However, the company faces significant operational challenges with declining revenues and substantial losses, indicating a difficult competitive environment in the Saudi restaurant sector.
Cyborg Score Rationale
Raydan exhibits severe financial distress with negative ROE of -89.6%, revenue declines of 18.3% year-over-year, and operating losses. The stock has fallen 44.3% in 52 weeks and shows concerning liquidity metrics with a current ratio of 0.21, suggesting acute financial stress.
Top Insights
Revenue declining sharply: down 18.3% YoY to SAR 134.21M as of Q2 2025, signaling market share loss
Severe profitability crisis: negative ROE of -89.6% and net losses of SAR 83.89M in last 12 months
Liquidity stress: current ratio of 0.21 and net debt position of SAR 48.89M indicates solvency concerns
Stock collapse: 62% decline from 52-week high, recent reverse split, and trading signals show strong sell
Named Competitors
Traditional Saudi Restaurants — Established Saudi traditional cuisine competitors
Quick Service Restaurants — International fast-food competitors in Saudi market
Catering Services — Regional event and corporate catering competitors
Recent Developments
(November 2025) Reverse stock split executed with ratio of 0.46264
(June 2025) Q2 revenue collapsed to SAR 24.66M, down 48% from prior year quarter
(November 2025) Annual results showed net loss of SAR 83.89M
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