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Wafrah for Industry and Development Co. announces its Interim Financial results for the Period Ending on 2026-03-31 ( Three Months ) | premargin

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	22,881,483	57,493,427	-60.201	24,670,488	-7.251
Gross Profit (Loss)	2,471,338	16,477,662	-85.001	-8,135,063	-
Operational Profit (Loss)	-8,418,798	4,742,496	-	-27,338,136	-69.204
Net Profit (Loss) Attributable to Shareholders of the Issuer	-10,669,692	4,473,830	-	-26,686,648	-60.018
Total Comprehensive Income Attributable to Shareholders of the Issuer	-10,642,669	4,478,215	-	-27,515,405	-61.321
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Shareholders Equity (after Deducting Minority Equity)	180,451,142.08	243,459,946	-25.88
Profit (Loss) per Share	-0.46	-0.19
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	-	-
Accumulated Losses	-50,299,596	21.7
All figures are in (Actual) 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 decrease in net sales/revenue during the current quarter compared to the same quarter last year was primarily driven by lower sales volumes across the Company’s key operating segments, particularly Vegetables, Pasta, and Meat. This also reflects softer volumes in certain channels or product categories during the period, which impacted the Company’s overall quarterly revenue"
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 decrease in net profit during the current quarter compared to the same quarter last year was mainly driven by lower net sales/revenue, resulting in lower gross profit and weaker operating performance. Results were also affected by fixed operating cost structure and unutilized energy costs associated with lower production/run rates, leading to lower absorption of fixed costs and increased margin pressure. In addition, the quarter was impacted by a change in fair value results on investments through profit or loss versus the comparable period, contributing to the decline in net results after zakat."
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	"The decrease in net sales/revenue for the current quarter compared to the previous quarter was mainly due to lower sales volumes across key operating segments, particularly the Vegetables, Noodles and Meat segments. This reflects lower demand/volumes in some channels or product categories during the period, impacting total revenue generated during the quarter"
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	"The decrease in net sales/revenue for the current quarter compared to the previous quarter was mainly due to lower sales volumes across key operating segments, particularly the Vegetables, Noodles and Meat segments. This reflects lower demand/volumes in some channels or product categories during the period, impacting total revenue generated during the quarter"
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)	"The auditor's report does not contain a reservation, an omission or an opposing opinion, which was referred to in the draw of attention paragraph without modifying the conclusion. The auditor provided a drawing attention paragraph regarding the existence of material uncertainty related to continuity. The text as contained in the Auditor's Report is as follows: We would like to draw attention to Note No. (2/5/1) in the Interim Condensed Financial Statements, which shows that the Company incurred a net loss of SAR 10.7 million during the three-month period ended 31 March 2026, and accumulated losses as of SAR 50.3 million, and achieved negative cash flows from operating activities of SAR 7.1 million, in addition to a significant decrease in revenues during the current period compared to the same period of the previous year. The circumstances of a material uncertainty may raise significant doubts about the Company's ability to continue as a continuing entity. As indicated in the note, management has disclosed this, including its plans to address these situations and support the company's continuity in the near future, and our conclusion in this regard has not been modified."
Reclassification of Comparison Items	N/A
Additional Information	Basic (loss)/earnings per share was calculated by dividing the net (loss)/profit attributable to the company's shareholders by the weighted average number of ordinary shares issued and outstanding during the year. Diluted (loss)/earnings per share was equal to basic (loss)/earnings per share, as there were no financial instruments or arrangements that could have a dilutive effect on earnings per share during the period. Accordingly, (loss)/earnings per share were as follows: • Q1 2026: (0.46) Riyals • Q1 2025: 0.19 Riyals Coinciding with the announcement of the interim financial statements for the period ended 31 March 2026, the accumulated losses as of that date amounted to SAR 50,299,596, representing 21.7% of the Company's paid-up capital. This is mainly due to lower sales and the consequent poor absorption of fixed costs, as well as higher indirect and fixed costs during the period. The Board of Directors was informed on 12/05/2026. The procedures and instructions specific to companies listed on the Saudi Stock Market whose accumulated losses have reached 20% or more of their capital will be applied.