Modern Mills for Food Products Co. announces its Interim Financial results for the Period Ending on 2026-06-30 (Six Months)

Modern Mills reported a net profit of SAR 53.4 million for the quarter ended June 30, 2026, marking a 7.6% increase year-on-year, though profit fell 18.9% compared to the previous quarter due to a less favorable seasonal sales mix during Ramadan and higher operating expenses.
Quarterly revenue grew 19.6% year-on-year to SAR 296.9 million, supported by increased sales volumes across flour, bran, and feed categories alongside improved average selling prices for bran and feed products.
For the first half of 2026, the company achieved a net profit of SAR 119.3 million (up 3.5% YoY) on total revenues of SAR 578.2 million, as strong top-line performance was partially offset by higher commodity prices, finance costs, and increased operating expenditures.
Total shareholders' equity rose 21.7% to SAR 361.3 million compared to the prior year, while earnings per share improved to SAR 1.47 from SAR 1.42, reflecting steady growth in the company's capital base.

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	296,948,113	248,184,682	19.648	281,231,933	5.588
Gross Profit (Loss)	102,911,675	90,567,965	13.629	108,670,172	-5.299
Operational Profit (Loss)	63,618,691	57,450,122	10.737	75,942,214	-16.227
Net Profit (Loss) Attributable to Shareholders of the Issuer	53,426,809	49,667,968	7.567	65,899,299	-18.926
Total Comprehensive Income Attributable to Shareholders of the Issuer	53,426,809	49,667,968	7.567	65,899,299	-18.926
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	578,180,046	512,402,401	12.837
Gross Profit (Loss)	211,581,847	191,859,328	10.279
Operational Profit (Loss)	139,560,905	130,367,476	7.051
Net Profit (Loss) Attributable to Shareholders of the Issuer	119,326,108	115,312,890	3.48
Total Comprehensive Income Attributable to Shareholders of the Issuer	119,326,108	115,312,890	3.48
Total Shareholders Equity (after Deducting Minority Equity)	361,273,617	296,855,562	21.7
Profit (Loss) per Share	1.47	1.42
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
Accumulated Losses	-	-
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is	Revenue increased by 19.6% reaching SAR 296.9 million, an increase of SAR 48.8 million. The growth is mainly driven by volume increase across the three main categories, improved product mix in flour and improved average selling prices across bran and feed.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	Net profit increased by 7.6% reaching SAR 53.4 million, an increase of SAR 3.8 million. The increase was mainly driven by higher sales, partially offset by higher operating expenses and finance costs.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	Revenue increased by 5.6% reaching SAR 296.9 million, an increase of SAR 15.7 million. The growth is mainly driven by feed category performance.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	Net profit decreased by 18.9% reaching SAR 53.4 million. The decline was mainly attributable to an less favorable sales mix, driven by the seasonal impact of Ramadan, in addition to higher operating expenses.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is	Revenues increased by 12.8% reaching SAR 578.2 million, an increase of SAR 65.8 million. This growth was mainly driven by higher volumes across the three main categories, an improved product mix in flour, and favorable pricing in bran and feed.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	Net profit increased by 3.5% reaching SAR 119.3 million, an increase of SAR 4.0 million. The increase was mainly driven by top-line growth, partially offset by higher commodity prices, operating expenses, and finance costs.
Statement of the type of external auditor's report	Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)	None.
Reclassification of Comparison Items	During the prior year, the Group reassessed the presentation of certain freight and shipment expenses for the year ended 31 December 2025 and reclassified these amounts from revenue from contracts with customers to selling and distribution expenses. The comparative figures have been adjusted accordingly to reflect this reclassification.
Additional Information	None.