| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 3,526.98 | 3,220.4 | 9.52 | ||
| Gross Profit (Loss) | 1,181.48 | 1,192.32 | -0.91 | ||
| Operational Profit (Loss) | 376.94 | 389.4 | -3.2 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 393.35 | 774.63 | -49.22 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 336.22 | 705.89 | -52.37 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 4,608.16 | 4,296.93 | 7.24 | ||
| Profit (Loss) per Share | 1.31 | 2.57 | |||
| 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 year compared to the last year | The Company’s revenue for the current year increased by 9.52% compared to the previous year, this was mainly on account of increase in Protein and Agri segments revenue also dairy revenue increased by 0.30%. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The Company’s net profit decreased by SAR 381.28 million in the current year compared to the previous year mainly due to: - Non-recurring gain (SAR 356.51 million) in previous year from investment in Arabian Mills for Food Products Co. (Arabian Mills): As part of Arabian Mills Initial public offering (IPO), all the shareholders of Arabian Mills including NADEC offered to sell 30% of their existing shares during IPO process. As a result, NADEC gained SAR 103.19 million on sales of 30% shares and also recognized fair value gain of SAR 253.32 million on remaining shares during the previous year. - Cost of sales: Cost of sales percentage on revenue increased during the current year by 3.53% compared to previous year was mainly on account of product mix (Change in the products and items offered by the company) and increased in cost of production. - Selling and Marketing expenses: Selling and marketing expenses increased in the current year compared to the previous year by 8.40% was mainly on account of increase in distribution cost. - Share of results from joint ventures: During the current year NADEC recognized SAR 4.76 million share of losses from joint ventures compared to SAR 24.04 million gain recognized in the previous year. Despite the changes in preceding elements that negatively impacted the profitability of the Company in the current year, there are other elements which have positively impacted the Company, as follows: - Revenue: The Company’s revenue for the current year increased by 9.52% compared to the previous year, this was mainly on account of increase in Protein and Agri segments revenue also dairy revenue increased by 0.30 % - Other income/ (expenses) - net: During the current year the company recorded gain of SAR 14.56 million on vehicle sales and SAR 6 million import incentives received from Saudi Export Development Authority. - Treasury income: Treasury income for the current year increased by 10.57% compared to previous year mainly on account of increase in amount of Murabaha deposits. - Zakat expenses: Zakat expense for the current year decreased by SAR 9 million compared to previous year mainly on account of changes in zakat base items in addition to Zakat reversal of SAR 3.7 million based on the assessment received for previous years. - Gross profit: Gross profit for the current year decreased by 0.91% compared to the previous year, due to product mix (Change in the products and items offered by the company) and change in products prices. - Operating profit: Operating profit for the current year decreased by 3.20% compared to the previous year primarily due to increase in cost of sales, selling and marketing expenses and this increase is partially offset by increase in revenue, other revenue and decrease in other expenses . |
| Statement of the type of external auditor's report | Unmodified opinion |
| 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 consolidated financial statements of the Group as at and for the year ended 31 December 2024 were audited by another auditor who expressed an unmodified opinion on those consolidated financial statements on 2 Ramadhan 1446H corresponding to (2 March 2025). |
| Reclassification of Comparison Items | Please refer to Note 43 in the consolidated financial statements for the year ended 31 December 2025. |
| Additional Information | 1- Net profit for the current year reached SAR 393.35 million compared to SAR 774.63 million previous year, a decrease of 49.22%. 2- Comprehensive income for the current year reached SAR 336.22 million compared to SAR 705.89 million previous year, a decrease of 52.37%. 3- Total revenue for the current year reached SAR 3,526.98 million compared to SAR 3,220.40 million previous year, an increase of 9.52%. 4- Gross profit for the current year reached SAR 1,181.48 million compared to SAR 1,192.32 million previous year, a decrease of 0.91%. 5- Operating profit for the current year reached SAR 376.94 million compared to SAR 389.40 million previous year, a decrease of 3.20%. 6- Shareholders’ equity as of 31 December 2025 was SAR 4,608.16 million compared to SAR 4,296.93 million as of 31 December 2024, an increase of 7.24%, mainly due to current year profit. 7- Profit per share for the current year reached SAR 1.31 compared to SAR 2.57 previous year. 8- During the current year, the Company established a new joint venture (NADEC Hilton Company) and increased investment in AlRai National Livestock Company (Refer Note 19 of consolidated financial statements for the year ended 31 December 2025). |
