| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 917.86 | 1,011.45 | -9.253 | 841.45 | 9.08 |
| Gross Profit (Loss) | 282.37 | 325.75 | -13.316 | 250.9 | 12.542 |
| Operational Profit (Loss) | 97.62 | 99.28 | -1.672 | 62.26 | 56.794 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 93.71 | 103.42 | -9.388 | 63.99 | 46.444 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 101.57 | 103.19 | -1.569 | 45.25 | 124.464 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 4,709.74 | 4,400.12 | 7.036 |
| Profit (Loss) per Share | 0.31 | 0.34 | |
| 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 | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Millions) 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 | The Company’s revenue for the current quarter decreased by 9.25% compared to the similar quarter last year, this was mainly on account of decrease in sales of Agri segment by SAR 101.72 million and decrease in net revenue of dairy and beverages segment by 2.52% and this decrease was partially offset by increase in sales of Protein segment by 29.85%. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The Company’s net profit in the current quarter reached SAR 93.71 million compared to net profit of SAR 103.42 million for the similar quarter last year was due to: - Revenue: The Company’s revenue for the current quarter decreased by 9.25% compared to the similar quarter last year, this was mainly on account of decrease in sales of Agri segment by SAR 101.72 million and decrease in net revenue of dairy and beverages segment by 2.52% and this decrease was partially offset by increase in sales of Protein segment by 29.85%. - Cost of sales: Cost of sales percentage on revenue increased during the current quarter by 1.44% compared to the similar quarter last year, was mainly on account of change in product mix (Change in the products and items offered by the company) and raw material cost. - Share of results of joint venture: During the current quarter the Company recognized its share of losses from joint venture amounting to SAR 5.90 million (AlRai National Livestock Company) for its results for the year 2025. Despite the changes in preceding elements that negatively impacted the net profit of the Company in the current quarter, other elements that positively impacted the net profit of the current quarter as follows: - Reversal of Impairment losses for trade receivables, and other receivables: During the current quarter, a non-recurring gain was recorded from the reversal of impairment losses related to old receivables balances that were collected during the current quarter net amount of SAR 40.20 million. All the above elements collectively impacted the gross profit and operating profit as follows: -Gross profit: Gross profit for the current quarter decreased by 13.32% compared to the similar quarter last year, due to the decrease in net revenue by 9.25% and increase in the percentage of cost of sales over the net revenue by 1.44%. -Operating profit: Operating profit for the current quarter decreased by 1.67% compared to the similar quarter last year primarily due to decrease in sales, increase in cost of sales percentage over revenue and this was partially offset by reversal of impairment losses for trade and other receivables. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The Company’s revenue for the current quarter increased by 9.08% compared to the previous quarter, this was mainly on account of an increase in sales of protein segment by 48.53%, dairy and beverages segment by 12.71% and this increase was partially offset by decrease in sales of Agri segment by SAR 53.28 million. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The Company’s net profit in the current quarter reached SAR 93.71 million compared to net profit of SAR 63.99 million for the previous quarter was due to: - Revenue: The Company’s revenue for the current quarter increased by 9.08% compared to the previous quarter, this was mainly on account of an increase in sales of protein segment by 48.53%, dairy and beverages segment by 12.71%and this increase partially offset by decrease in sales of Agri segment by SAR 53.28 million. - Cost of sales: Cost of sales percentage on revenue decreased during the current quarter by 0.95% compared to the previous quarter was mainly on account of product mix (Change in the products and items offered by the company). - General and Administrative expenses: General and administrative expenses decreased in the current quarter by 7.62% compared to the previous quarter was mainly on account of decrease in professional and consultancy charges. - Reversal of Impairment losses for trade receivables, and other receivables: During the current quarter, a non-recurring gain was recorded from the reversal of impairment losses related to old receivables balances that were collected during the current quarter net amount of SAR 40.20 million. Despite the changes in preceding elements that positively impacted the net profit of the Company in the current quarter, there are other elements that adversely impacted the net profit of the current quarter as follows: -Selling and marketing expenses: Selling and marketing expenses increased in the current quarter by 8.55% compared to the previous quarter was mainly on account of more spending on Trade marketing. All the above elements collectively impacted the gross profit and operating profit as follows: -Gross profit: Gross profit of the current quarter increased by 12.54% compared to the previous quarter, due to the increase in the revenue by 9.08%. -Operating profit: Operating profit for the current quarter increased compared to the previous quarter by 56.79% due to increase in revenue, decrease in general and administrative expenses and reversal of impairment losses on trade and other receivables. |
| 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) | Other matter: The condensed consolidated interim financial statements of the Group for the three-month period ended 31 March 2025 were reviewed by another auditor who expressed an unmodified conclusion on those condensed consolidated interim financial statements on 9 Thul-Qid’ah 1446H corresponding to 7 May 2025. |
| Reclassification of Comparison Items | Please refer to Note 29 in the interim condensed cons financial statements for the period ended 31 March 2026. |
| Additional Information | 1-The comprehensive income for the current quarter reached SAR 101.57 million compared to comprehensive income of SAR 103.19 million for the similar quarter last year with a decrease of 1.57%. 2- The comprehensive income for the current quarter reached SAR 101.57 million compared to comprehensive income of SAR 45.25 million for the previous quarter with an increase of 124.46%. 3-The net profit for the current quarter reached SAR 93.71 million compared to net profit of SAR 103.42 million for the similar quarter last year with a decrease of 9.39%. 4-The net profit for the current quarter reached SAR 93.71 million compared to net profit of SAR 63.99 million for the previous quarter with an increase of 46.44%. 5-Total revenue for the current quarter reached SAR 917.86 million compared to SAR 1,011.45 million for the similar quarter last year with a decrease of 9.25%. 6-Total revenue for the current quarter reached SAR 917.86 million compared to SAR 841.45 million for the previous quarter with an increase of 9.08%. 7-The gross profit for the current quarter reached SAR 282.37 million compared to SAR 325.75 million for the similar quarter last year with a decrease of 13.32%. 8-The gross profit of the current quarter reached SAR 282.37 million compared to SAR 250.90 million for the previous quarter with an increase of 12.54% 9-The operating profit for the current quarter reached SAR 97.62 million compared to SAR 99.28 million for the similar quarter last year with a decrease of 1.67%. 10-The operating profit of the current quarter reached SAR 97.62 million compared to operating profit of SAR 62.26 million for the previous quarter with an increase of 56.79%. 11-The shareholders’ equity as of 31 March 2026 (no minority equity) was SAR 4,709.74 million compared to SAR 4,608.16 million as of 31 December 2025 with an increase of 2.20%. 12-The shareholders’ equity as of 31 March 2026 (no minority equity) was SAR 4,709.74 million compared to SAR 4,400.12 million as of 31 March 2025 with an increase of 7.04%. 13-The earnings per share for the current quarter is SAR 0.31 compared to earnings per share of SAR 0.34 for the similar quarter last year. |
