| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 1,351.2 | 1,279.7 | 5.59 | ||
| Gross Profit (Loss) | 126.8 | 187.5 | -32.37 | ||
| Operational Profit (Loss) | -68.8 | 38.9 | - | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -123.1 | 27.1 | - | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -125.7 | 24 | - | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 319.9 | 460.6 | -30.55 | ||
| Profit (Loss) per Share | -4.1 | 0.9 | |||
| All figures are in (Millions) 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 (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | FY2025 revenue increased by 5.6% year-on-year (YoY), while total sales volume grew by 17.6% YoY. The variance between value and volume growth reflects the continued pricing pressure on average prices in the poultry sector. The increase in sales volume was driven by the Company’s strategic decision to strengthen its market presence and increase market share during the period of pricing pressure, while focusing on growing sales volumes and optimizing utilization of production capacity through expansion of the customer base across the B2B and B2C segments. The Company believes that the challenges facing the sector are temporary and will be overcome quickly, and that market share will be an important factor in maximizing return on investment. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | FY2025 net loss amounted to SAR (123.1) million, compared to a net profit of SAR 27.1 million in FY2024. Gross profit declined to SAR 126.8 million from SAR 187.5 million in FY2024 due to a combination of operational and financial factors. The Company’s results were primarily affected by market pricing pressures resulting from oversupply conditions, which had an estimated negative impact of SAR (132.7) million. In this context, management implemented a number of operational initiatives that helped reduce the negative impact, including increased sales, improved sales mix, optimization of feed and production input costs, improved feed conversion efficiency, and enhanced operational efficiency. The combined positive impact of these initiatives amounted to SAR 82.4 million, reducing the net negative impact of pricing pressures to SAR (50.3) million. Results were also affected by higher biological losses, with a negative impact of SAR (35.0) million, as part of the challenges experienced by the poultry sector during 2025. The Company has taken operational measures to enhance production efficiency and improve performance in order to limit the impact of these challenges in the future. In addition, higher inventory provisions had a negative impact of SAR (32.2) million, while higher finance costs, arising mainly from charging borrowing costs to the income statement following completion of the Company’s capital investment program, had a negative impact of SAR (38.9) million compared to FY2024. |
| Statement of the type of external auditor's report | Unmodified opinion |
| 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) | Emphasis of Matter We draw attention to Note 32 to the financial statements which indicates that the comparative information presented as at and for the year ended 31 December 2024 has been restated. Our opinion is not modified in respect of this matter. Other matter The financial statements of the Company as at and for the years ended 31 December 2024 and 31 December 2023 (from, which the statement of financial position as at 1 January 2024 has been derived), excluding the adjustments described in note 32 to the financial statements were audited by another auditor who expressed an unmodified opinion on those financial statements on 11 Shawwal 1446H (corresponding to 9 April 2025) and 12 Thul-Qi'dah 1445 H (corresponding to 20 May 2024) respectively. |
| Reclassification of Comparison Items | For more information, please see Note 32 in the Annual Financial Statements for the year ended 31 December 2025. |
| Additional Information | The Company recorded operating cash flow of SAR 81.9 million, while free cash flow improved by SAR 42.8 million in FY2025, reflecting a significant improvement following completion of the Company’s expansion program and the normalization of investment activity. Post-expansion capacity utilization reached approximately 85% by the end of FY2025, following completion of the Company’s multi-year capital investment program. |
