| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 123,168,376 | 156,952,907 | -21.52 | ||
| Gross Profit (Loss) | 9,539,727 | 46,182,214 | -79.34 | ||
| Operational Profit (Loss) | -49,895,824 | 3,774,908 | - | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -46,762,474 | 4,707,765 | - | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -47,555,712 | 6,180,619 | - | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 191,093,811 | 238,649,523 | -19.93 | ||
| Profit (Loss) per Share | -2.02 | 0.2 | |||
| 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 | -39,629,904 | 17 | |
| All figures are in (Actual) 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 | During 2025, the Company’s sales/revenue amounted to SAR 123.2 million compared to SAR 156.9 million in 2024, representing a decline of approximately 27%. The decrease was primarily driven by lower sales volumes, mainly in the Vegetables segment, which remains the largest contributor to the Company’s revenue base. This was partially offset by relatively stable performance in the Pasta and Meat segments. Overall, the year-on-year movement reflects changes in sales volumes and mix across segments, alongside prevailing market conditions affecting certain product categories |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The Company reported a net loss attributable to shareholders of SAR (46.8) million in FY2025, compared to a net profit of SAR 4.7 million in FY2024. This movement was primarily driven by lower revenue during the year particularly in the Vegetables segment which resulted in a significant decline in gross profit to SAR 9.5 million versus SAR 46.2 million in the prior year, negatively impacting margins. In addition, operating performance was affected by higher/recognized operating charges. The Company recorded an operating loss of SAR (49.9) million compared to an operating profit of SAR 3.8 million in FY2024, mainly due to: Higher operating expenses (selling & marketing and general & administrative), Increased expected credit losses (ECL), Inventory write-down, fair value losses on biological assets, and impairment of other receivables. Partially offsetting the above, the Company recognized other income and fair value gains on investments through profit or loss, which mitigated part of the overall impact on net results. |
| 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) | The auditor highlighted Key Audit Matters relating to revenue recognition, expected credit loss on receivables, fair valuation of financial investments, and impairment assessment of property, plant and equipment.” |
| Reclassification of Comparison Items | Certain comparative figures for the year ended 31 December 2024 have been restated and reclassified to comply with International Financial Reporting Standards (IFRS) as adopted in the Kingdom of Saudi Arabia. The restatement mainly relates to: lease accounting adjustments in accordance with IFRS 16, and correction of prior period errors in line with IAS 8. These adjustments had no impact on the Company’s cash flows; however, they affe |
| Additional Information | During the year, the Company restated comparative figures of the year ended on 31 December 2024 to reflect adjustments relating to lease accounting under IFRS 16 and the correction of prior period errors in accordance with IAS 8. The restatement impact mainly resulted in: Adjustment to retained earnings, Recognition/reclassification of lease liabilities, Adjustment to zakat provision. 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 was as follows: • 2025: (2.02) SAR • 2024: 0.20 SAR |
