| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 806,544 | 789,616 | 2.143 | 785,355 | 2.698 |
| Gross Profit (Loss) | 225,186 | 275,911 | -18.384 | 271,410 | -17.031 |
| Operational Profit (Loss) | 183,509 | 129,330 | 41.892 | 117,806 | 55.772 |
| Net profit (Loss) | 184,530 | 137,070 | 34.624 | 117,664 | 56.827 |
| Total Comprehensive Income | 183,531 | 137,864 | 33.124 | 122,780 | 49.479 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 2,370,481 | 2,229,673 | 6.315 |
| Gross Profit (Loss) | 776,460 | 800,616 | -3.017 |
| Operational Profit (Loss) | 424,590 | 381,814 | 11.203 |
| Net profit (Loss) | 428,306 | 391,068 | 9.522 |
| Total Comprehensive Income | 436,832 | 392,380 | 11.328 |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,698,405 | 1,718,215 | -1.152 |
| Profit (Loss) per Share | 13.38 | 12.24 | |
| 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 | Sales of SAR 807 Mln versus SAR 790 Mln for the same quarter last year, represents an increase of 2.14%. SADAFCO maintained its market shares: UHT milk 57.7%, Tomato Paste 53.9% and Ice cream 30.2%, in spite of a declining market. We registered growth in the established retail channels, especially modern trade and also in emerging channels: Export 28%, Out of home 41% and E-commerce 153%. Mlekoma registered a 16% sales growth compared to last year. |
| 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 of SAR 184.5 Mln is higher than the same quarter last year of SAR 137 Mln, a 34.6% increase explained as follows: • Gross margin (excluding Mlekoma’s results) is 32.9%, reflecting a decline vs last year triggered by following factors a) higher key raw material costs. b) general inflationary trend and c) product mix especially ice cream sales reduction • Selling & distribution expenses are 14.5% of net sales vs 14.9% last year driven by efficiency across. • General & administrative expenses are 3.9% of sales reflecting a marginal increase over last year. Net finance income decreased by SAR 4.5 Mln owing to higher dividend payout. • Other operating income has increased mainly due to a one-off gain on sale of a property in Riyadh amounting to SAR 107.4 Mln. • Zakat expense is based on Zakat base. • Net profit margin is higher at 22.9% vs 17.4% primarily due to income arising from sale of a property. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | SADAFCO’S performance comparing to last quarter is analyzed as follows: • Sales are higher by 2.7% over last quarter. Market shares have remained steady. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net profit of SAR 184.5 Mln is higher by 56.83% compared to last quarter is primarily due to a one-off sale of a property. • Gross margin (excluding Mlekoma) reached 32.9% compared to 40.8% last quarter, reflecting the combined effect of higher input cost, channel & portfolio mix. S&D and G&A costs as a percentage of net sales have remained at the same level as last quarter despite inflationary trends. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Sales of SAR 2.4 Bln during the current period represent an increase of 6.3% versus last year, attributable to: a) Expansion in OOH, e-commerce and export; b) growth and entry into new export markets; c) Mlekoma operations delivered exponential growth. |
| 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 of SAR 428.3 Mln is higher versus same period last year of SAR 391.1 Mln, a 9.5% increase because of: • Gross margin 32.8% vs 35.9% last year, a marginal decline despite higher key raw material costs and inflationary trends. The gross margin (excluding Mlekoma’s results) is 38.5% vs 40.1% last year. • Selling & distribution expenses are 15.7% of net sales vs 15.1% last year. In absolute terms the increase of SAR 35.8 Mln in S&D expenses has been driven mainly by the strategic, yet discretionary A&P expansion initiatives in aforementioned channels. • General & administrative expenses at 3.9% reflecting a marginal increase over last year. • Net finance income decreased by SAR 9.7 Mln due to higher dividends. • Zakat expense is based on Zakat base. • The Net profit margin is 18.1% vs 17.5% last year as explained above. Net margin excluding Mlekoma’s results is 21.6%. |
| 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 | Certain comparative figures have been reclassified to conform to the current period’s presentation. |
| Additional Information | • SADAFCO is focused on maintaining its market share in a challenging environment. • The balance sheet remains strong through sustained focus on each working capital element, reflected in a high cash balance of SAR 754 Mln. • Our innovations continue to deliver new offerings. 3 new products were launched in various portfolios. • SADAFCO will continue to invest in capex and A&P to ensure future growth and cost optimization. • Shareholders’ equity is at a healthy position of SAR 1.70 Bln vs SAR 1.77 Bln last quarter, following a dividend approval of SAR 8 per share. Total approved and paid in 2025 is SAR 17 per share. • SADAFCO initiated treasury shares buy back. During the quarter, 6,740 shares were bought. • The earnings per share is computed as follows: Profit attributable to owners of SADAFCO SAR 428,306,000 Total shares 32,500,000 Treasury shares held by the Company 506,990 Total shares outstanding 31,993,010 Weighted average number of ordinary shares outstanding at end of the period 31,999,150. EPS 13.38 |
