| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 320.1 | 339.6 | -5.742 | 316.4 | 1.169 |
| Gross Profit (Loss) | 60.8 | 75.2 | -19.148 | 28.4 | 114.084 |
| Operational Profit (Loss) | 13 | 29.4 | -55.782 | -1.8 | - |
| Net profit (Loss) | 21.2 | 22 | -3.636 | -6.3 | - |
| Total Comprehensive Income | 21.2 | 22.1 | -4.072 | -7.5 | - |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 481.8 | 458.7 | 5.035 |
| Profit (Loss) per Share | 0.71 | 0.73 | |
| 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 | - | - | |
| All figures are in (Millions) 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 | For Q1 2025, Entaj reported revenue of SAR 320.1 million, down 5.8% year-on-year (YoY), reflecting sector-wide pricing pressures driven by ongoing supply-demand dynamics that have persisted since Q4 2024. Poultry sales, the key contributor to Entaj’s revenue (94.2% of Q1 2025), decreased by 10.5% YoY in Q1 2025 to SAR 301.5 million. Table eggs revenue (5.7% of Q1 2025 revenue) grew significantly by 700.3% YoY to SAR 18.4 million. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | In Q1 2025, Entaj continued to focus on operational efficiencies, optimizing distribution strategies and product mix, as well as driving capacity expansions. Profit margins were similarly squeezed by market supply-demand imbalances and further weighed down by higher costs from ongoing operational expansion. Cost of Sales decreased by 1.9% YoY to SAR 259.3 million in Q1 2025. Higher overhead costs and ongoing capacity investments to future-proof the business were mitigated by direct-material COGS improvements. Gross profit for Q1 2025 amounted to SAR 60.8 million, representing a 19.0% margin, versus 22.1% in Q1 2024, as direct-material COGS optimizations partially offset the pressure from lower average selling prices. Profit from Operations for Q1 2025 stood at SAR 13.9 million, with a margin of 4.1% (compared to a margin of 8.7% in the prior year). The margin compression was primarily due to increased depreciation (SAR 3.3 million impact) and increased overhead expenses due to capacity expansion, further exacerbated by supply-demand imbalances which persisted since Q4 2024. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | For Q1 2025, Entaj reported revenue of SAR 320.1 million, up 1.2% quarter-on-quarter (QoQ), reflecting an increase in sales volume across Entaj’s products, as a result of increasing consumer demand during peak Ramadan season. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Gross profit for Q1 2025 amounted to SAR 60.8 million, an increase of more than 100% QoQ, representing a 19.0% margin, versus 9.0% in Q4 2024, on the back of direct-material COGS optimizations and favourable movements in NRV and Manufacturing OH Variances. Profit for the period turned around from a loss of SAR 6.3 million in Q4 2024 to a net profit of SAR 21.2 million, driven by continued focus on operational efficiency and aided by an increase in other income (due to gain on fixed asset sales) |
| 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 | None |
| Additional Information | Poultry sales, the key contributor to Entaj’s revenue (94.2% of Q1 2025), decreased by 10.5% YoY in Q1 2025 to SAR 301.5 million. Table eggs revenue (5.7% of Q1 2025 revenue) grew significantly by 700.3% YoY to SAR 18.4 million. Entaj anticipates a gradual recovery in margins as the benefits of its investments materialize. Additionally, efficiencies are starting to be realized from reduced hatching egg and bird-related costs, driven by upgrades and expansion in Entaj managed farms and improvements in the supply chain. |
| Attached Documents | Attached Documents |
