| 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 Mills reported revenues of SAR 332.8 million in Q1 2026, representing a 17.3% year-on-year increase compared to SAR 283.6 million in Q1 2025, driven primarily by strong expansion in the feed segment and continued resilience in flour sales. |
| 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 attributable to shareholders of the issuer increased by 0.5% year-on-year in Q1 2026 to SAR 80.1 million, compared to SAR 79.7 million in Q1 2025, with net profit margin of 24.1%. The modest year-on-year growth reflects the impact of changes in product mix and higher operating costs during the quarter, partially offset by continued operational efficiency and resilient demand across core segments. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Revenues declined marginally by 1.8% from SAR 338.7 million in Q4 2025. The decline was driven by the normalization of bran revenues following a stronger fourth quarter performance, in line with the Company's strategy to optimize production and redirect bran into feed. Additionally, elevated flour sales in Q4 2025, ahead of the Ramadan season, resulted in a higher comparative base, which in turn impacted the growth rate for the current period. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | On a quarter-on-quarter basis, net profit attributable to shareholders increased by 7.2% to reach SAR 80.1 million from SAR 74.7 million in Q4 2025, reflecting stronger operating performance, improved cost absorption, and lower zakat expense compared to the previous 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) | None |
| Reclassification of Comparison Items | Not applicable |
| Additional Information | For more information, please contact the First Mills Investor Relations Department at the email: IR@firstmills.com |
| Attached Documents | Attached Documents |
