| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 422.1 | 339.5 | 24.329 | 352.6 | 19.71 |
| Gross Profit (Loss) | 73.7 | 32.7 | 125.382 | -5.1 | - |
| Operational Profit (Loss) | 12.5 | -2.3 | - | -57 | - |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -1.4 | -14.4 | -90.277 | -74.2 | -98.113 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -1.4 | -14.4 | -90.277 | -74.2 | -98.113 |
| 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) | 318.5 | 446.2 | -28.619 |
| Profit (Loss) per Share | -0.05 | -0.48 | |
| 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 quarter compared to the same quarter of the last year is | First-quarter 2026 revenues increased by 24% year-on-year to SAR 422.1 million, driven by higher sales volumes, improved pricing, and a more diversified product mix across the company’s core segments. This performance reflects the continued expansion of the customer base across both the business-to-business (B2B) and business-to-consumer (B2C) segments. The company continues to monitor industry developments while focusing on enhancing revenue quality, improving operational efficiency, and increasing sales volumes. |
| 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 recorded a significant improvement in its financial results during the first quarter of 2026, reporting a net loss of SAR 1.4 million, compared with a reclassified net loss of SAR 14.4 million during the same quarter of the previous year. This represents an improvement of SAR 13.0 million. This was primarily driven by stronger operational performance, supported by an enhanced product mix and higher sales volumes, which contributed approximately SAR 9.0 million on a net basis. This reflects the company’s continued implementation of growth initiatives and the expansion of its sales channels. Improved operational efficiency and effective cost control contributed an additional SAR 5.8 million, driven by lower mortality rates and higher operational and production efficiency. Lower provisions and reduced one-off expenses also supported the financial results, despite the partial impact of the revaluation of biological assets and higher financing costs. These results reflect the company’s continued improvement in operational performance, alongside its ongoing focus on enhancing efficiency, sustainably improving margins, and increasing sales in both volume and value. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | First-quarter 2026 revenues increased by 20% compared with the previous quarter, reaching SAR 422.1 million. This growth was driven by improved pricing and product mix, alongside higher sales volumes across the fresh and frozen product segments. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The company recorded a significant improvement in its financial results during the first quarter of 2026, reporting a net loss of SAR 1.4 million, compared with a reclassified net loss of SAR 74.2 million in the fourth quarter of 2025. This represents an improvement of SAR 72.8 million. This was supported by strong operational performance, driven by higher sales volumes, improved pricing, and a more favourable product mix, which contributed approximately SAR 32.6 million. Gains in operational efficiency contributed a further SAR 36.0 million, primarily driven by lower mortality rates, enhanced operational and production efficiency, and improved performance across other livestock sectors. The company continues to focus on operational discipline and enhancing operational efficiency to support the sustainability of improved performance in the coming periods, while capitalising on growth in both sales volume and value. |
| 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) | - |
| Reclassification of Comparison Items | Certain comparative figures have been modified and reclassified to conform with the presentation of the current period. Further details are provided in Note 18 to the financial statements. |
| Additional Information | The company recorded positive operating cash flows of SAR 5.3 million during the first quarter of 2026, compared with operating cash outflows of SAR 7.5 million during the same quarter of the previous year, following reclassification. This reflects an improvement in the company’s underlying operating performance. The company continues to focus on enhancing operational efficiency, improving mortality rates, and controlling production costs, while monitoring sector developments throughout the rest of 2026, in a manner that supports both the company and its shareholders. |