Foods Gate Trading Co. announces its Interim Financial results for the period ending on 2026-06-30 ( Six Months )

Foods Gate Trading Co. reported a net profit of SAR 3.50 million for the six-month period ending June 30, 2026, representing an 11.27% decrease from the SAR 3.95 million earned in the same period the previous year.
Revenue increased by 4.18% to SAR 30.60 million, up from SAR 29.37 million, primarily driven by the expansion of the company's footprint with the opening of Maman Restaurant and the Kimono Al Narjis branch.
Profit margins were pressured as the cost of revenue rose by 7.34%, outpacing sales growth due to higher operating costs at existing branches and the initial expenses associated with launching and operating new locations.
Earnings per share (EPS) declined to SAR 1.11 from SAR 1.25, while total shareholders' equity grew by 6.07% year-over-year to reach SAR 57.86 million.

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	30,597,515	29,369,040	4.182
Net Profit (Loss) Attributable to Shareholders of the Issuer	3,501,301	3,945,833	-11.265
Total Shareholders Equity (after Deducting Minority Equity)	57,863,977	54,554,065	6.067
Profit (Loss) per Share	1.11	1.25
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	-	-
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Explanation
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 4.18% to SAR 30.60 million during the current period, compared to SAR 29.37 million during the corresponding period of the previous year. This increase was mainly attributable to the opening of Maman Restaurant and the Kimono Al Narjis branch during the period.
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 11.27% during the current period to SAR 3.50 million, compared to SAR 3.95 million during the corresponding period of the previous year. This decrease was mainly attributable to a 7.34% increase in cost of revenue, compared to revenue growth of 4.18%, due to higher operating costs at existing branches, in addition to the operating costs associated with the opening and operation of new branches. The increase in selling and marketing expenses and general and administrative expenses also had a limited additional impact on net profit.
Statement of the type of external auditor's report	Unmodified conclusion
Reclassification of Comparison Items	Some comparative figures for the previous period have been reclassified to conform to the presentation used for the current period