Almarai Company (“The Company”) announces its interim condensed consolidated financial results for the period ending on 30-06-2026 (Six Months).

Almarai reported a net profit of SAR 635.7 million for the second quarter of 2026, marking a 2% decline compared to the same period last year and a 13% decrease from the previous quarter. For the first half of 2026, net profit reached SAR 1.37 billion, a 1% year-on-year decrease despite strong top-line performance.
Quarterly revenue grew by 11% year-on-year to SAR 5.87 billion, while half-year revenue reached SAR 12.03 billion (up 9% YoY). Growth was driven by increased sales volumes across all markets and categories, specifically supported by poultry expansion projects and an improved revenue mix in the dairy segment.
Profitability was primarily pressured by cost inflation, including significantly higher shipping costs for dairy feed and elevated distribution expenses due to rising energy prices. These factors led to a contraction in the quarterly net profit margin, which fell to 10.8% from 12.2% in the prior year.
Segment performance was mixed, with the Bakery and Protein categories reporting profit growth due to improved sales mix and poultry volume expansion; however, these gains were offset by lower profits in the Dairy and Juice category and a 5% sequential revenue de

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	5,868,205	5,288,402	10.963	6,160,053	-4.737
Gross Profit (Loss)	1,823,893	1,713,179	6.462	1,865,909	-2.251
Operational Profit (Loss)	813,555	813,243	0.038	875,129	-7.035
Net Profit (Loss) Attributable to Shareholders of the Issuer	635,657	646,866	-1.732	732,222	-13.187
Total Comprehensive Income Attributable to Shareholders of the Issuer	669,944	657,548	1.885	601,890	11.306
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	12,028,258	11,055,492	8.798
Gross Profit (Loss)	3,689,802	3,481,834	5.972
Operational Profit (Loss)	1,688,684	1,687,379	0.077
Net Profit (Loss) Attributable to Shareholders of the Issuer	1,367,879	1,378,060	-0.738
Total Comprehensive Income Attributable to Shareholders of the Issuer	1,271,385	1,560,987	-18.552
Total Shareholders Equity (after Deducting Minority Equity)	20,629,085	19,363,277	6.537
Profit (Loss) per Share	1.38	1.39
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
All figures are in (Thousands) 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 11% during the current quarter compared to the same quarter of last year due to sales volume growth in all markets, for all product categories and sales channels, supported by poultry sales volume growth driven by expansion projects, as well as an improved revenue mix for dairy.
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 decreased by (2%) during the current quarter compared to the same quarter of last year due primarily to the increase in dairy feed shipping costs, in addition to higher distribution costs driven by elevated energy expenses. The contribution of various business categories toward the decreased net profit is as follows: • Dairy & Juice Category: net profit decreased during the current quarter compared to the same quarter of last year due primarily to the increase in dairy feed shipping costs, in addition to higher distribution costs driven by elevated energy expenses. • Bakery Category: net profit increased during the current quarter compared to the same quarter of last year due to improved sales mix. • Protein Category: net profit increased during the current quarter compared to the same quarter of last year due to poultry sales volume growth driven by expansion projects.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	Revenue decreased by (5%) during the current quarter compared to the previous quarter due to seasonal consumption patterns.
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 (13%) during the current quarter compared to the previous quarter due to seasonal consumption patterns, in addition to cost inflation pressures primarily from higher feed shipping costs for the dairy segment, along with higher distribution costs driven by elevated energy 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	Revenue increased by %9 during the current period compared to the same period of last year due to sales volume growth in most markets, for most product categories and in all sales channels, supported by poultry sales volume growth driven by expansion projects, as well as an improved revenue mix for dairy.
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 decreased by (1%) during the current period compared to the same period of last year due to poultry market supply conditions in the first quarter, in addition to cost inflation pressures primarily from higher feed shipping costs for the dairy segment, along with higher distribution costs driven by elevated energy expenses. The contribution of various business categories toward the decreased net profit is as follows: • Dairy & Juice Category: net profit increased during the current period compared to the same period of last year due to improved revenue mix for dairy and improved performance in Egypt. • Bakery Category: net profit increased during the current period compared to the same period of last year due to improved sales mix. • Protein Category: net profit decreased during the current period compared to the same period of last year due to poultry market supply conditions in the first quarter.
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	For more information, please see note 2.1 in the condensed consolidated interim financial statements for the six months period ended 30th June 2026.
Additional Information	Almarai is pleased to announce its results for the second quarter of 2026, with revenue growth driven by increased sales volumes across all markets, spanning all product categories and sales channels. This performance was supported by volume growth in the poultry segment linked to expansion projects, as well as an improved revenue mix in dairy. This was partially offset by cost inflation pressures, which resulted in a decline in net profit, primarily impacted by higher feed shipping costs for the dairy segment, in addition to higher distribution costs driven by elevated energy expenses. Almarai is closely monitoring the situation in the region and will continue to effectively manage its supply chain and operational risks and will leverage inventory cover, where appropriate.
Attached Documents	Attached Documents