| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 749,976 | 770,172 | -2.622 | 737,603 | 1.677 |
| Gross Profit (Loss) | 238,629 | 269,520 | -11.461 | 224,692 | 6.202 |
| Operational Profit (Loss) | 90,900 | 120,224 | -24.391 | 83,973 | 8.249 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 88,236 | 117,664 | -25.01 | 82,027 | 7.569 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 87,079 | 122,780 | -29.077 | 79,530 | 9.492 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 1,487,579 | 1,527,805 | -2.632 |
| Gross Profit (Loss) | 463,321 | 546,172 | -15.169 |
| Operational Profit (Loss) | 174,873 | 244,451 | -28.462 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 170,263 | 243,776 | -30.155 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 166,609 | 253,301 | -34.224 |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,653,641 | 1,772,553 | -6.708 |
| Profit (Loss) per Share | 5.33 | 7.62 | |
| All figures are in (Thousands) 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 (Thousands) 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 | Consolidated sales reached SAR 750 million compared to SAR 770 million in the same period last year, reflecting a decline of 2.6%, largely on account of Polish subsidiary (“Mlekoma”) performance as noted below. SADAFCO’s quarterly sales, excluding Mlekoma, increased by 6.9%, rising from SAR 643 million to SAR 688 million, mainly driven by volume growth in key product categories. Additionally, SADAFCO maintained strong momentum in emerging channels, particularly out of home (OOH) and E-commerce, which delivered robust value growth. Mlekoma’s sales decreased from SAR 127 million to SAR 62 million, mainly due to lower selling prices and sales volume, partially offset by favorable product mix. SADAFCO retained its market-leading position in key product categories with market share of Long-Life Plain Milk 59.1%, Tomato Paste 51.1% and Ice Cream 30.9%. SADAFCO also strengthened its position in the Long-Life Flavored Milk category, increasing market share to 22.7% and closer to the market leadership position. For a comparison of total results, including international markets that have transitioned to a distributor model, please refer to the attached table. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Net profit decreased by 25.0% vs. last year, mainly reflecting the following factors: a) higher key raw material costs, b) surcharges related to regional maritime disruptions c) general inflationary trend, and d) fuel price increase. Gross profit margin, excluding Mlekoma, remains at healthy level of 33.9%. Including Mlekoma gross profit margin amounts to 31.8%. • Selling & distribution expenses are 15.1% of net sales versus 15.8% last year, driven by continued focus on efficiencies. • General & administrative expenses stood at 4.5% of net sales, a slight increase versus last year. • Reduction in reversal of impairment loss on trade receivables by SAR 2 million. • Financial income decreased by SAR 4 million due to lower investment in short term Murabaha and lower interest rates. • Zakat & tax expense is based on zakat base. Profitability remained healthy at 11.8%. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Consolidated sales increased by 1.7% during the current quarter compared to the previous quarter. SADAFCO’s quarterly sales, excluding Mlekoma increased by 5.3%, rising by SAR 34 million, driven by favorable seasonality impact. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The increase of 7.6% in net profit for the current quarter compared to the previous one reflects higher sales with favorable mix and improved operating profitability. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Consolidated sales reached SAR 1,488 million compared to SAR 1,528 million in the same period last year, reflecting a decline of 2.6%, largely on account of Mlekoma’s performance as noted below. SADAFCO’s sales, excluding Mlekoma increased by 4.9%, rising from SAR 1,278 million to SAR 1,341 million, mainly driven by volume growth in major product portfolio. Mlekoma, recorded a decline in sales from SAR 250 million to SAR 147 million, mainly due to lower selling prices and sales volume partially offset by favorable product mix. |
| 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 30.2% vs. last year as a result of the following: • Increase in cost of goods sold driven by following factors, which directly impacted gross margin from 35.7% to 31.1%: a) higher key raw material costs, b) surcharges related to regional maritime disruptions c) general inflationary trend, and d) fuel price increase. • Decrease in finance income by SAR 7 million due to lower investment in short term Murabaha and lower interest rates. Net profit margin remained healthy at 11.4%. |
| 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) | None |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified to conform to the current period’s presentation. |
| Additional Information | SADAFCO is pleased to announce a second-quarter 2026 performance, with growth across both KSA and export markets, underpinned by disciplined execution and a continued focus on sustainable, long-term value creation. • SADAFCO remains focused on protecting its market share, while the continued shift in consumer preference from fresh milk to UHT milk has provided a favorable tailwind, supporting sales volume growth across existing and emerging channels and reinforcing its market leadership. • SADAFCO continues to monitor and assess the potential impact of the current regional geopolitical developments on its operations while proactively managing its supply chain and operational risks and leveraging inventory coverage, where appropriate, to mitigate potential disruptions. • SADAFCO continues to maintain a strong balance sheet through disciplined working capital management, reflected in a robust cash position of SAR 554 million (including short-term investments). • SADAFCO will continue to invest in its brands and drive operational efficiencies. • Shareholders’ equity stands at a solid SAR 1.65 billion versus SAR 1.74 billion as of 31 December 2025. • The earning per share is computed as follows: Profit attributable to owners of SADAFCO SAR 170,263,000 Total shares 32,500,000 Treasury shares held by the Company 540,373 Total shares outstanding 31,959,627 Weighted average number of ordinary shares outstanding at end of the period 31,959,627 EPS 5.33 |
| Attached Documents | Attached Documents |
