| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 731.2 | 677.1 | 7.989 | 712.7 | 2.595 |
| Gross Profit (Loss) | 166.8 | 168.4 | -0.95 | 144.8 | 15.193 |
| Operational Profit (Loss) | 28.5 | 43.6 | -34.633 | 5.7 | 400 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -1.1 | 18.9 | - | -22.4 | -95.089 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -1.1 | 18.9 | - | -25.4 | -95.669 |
| 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) | 614.3 | 700.9 | -12.355 |
| Profit (Loss) per Share | -0.06 | 0.95 | |
| 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 | The Company reported an 8.0% YoY increase in revenues to SAR 731.2 million in Q1 2026, driven by Fresh Poultry volumes of 43.2 million birds, up 8.6% YoY. Restaurant Operations revenues increased 42.2% YoY, supported by successful marketing campaigns carried out during the quarter, improving average revenue per store and increase in number of transactions (like-for-like). |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The Company recorded a net loss attributable to shareholders of SAR 1.1 million in Q1 2026, compared to a net profit of SAR 18.9 million in Q1 2025. SAR 10.8 million net profit was earned in Agribusiness, which was negated by a net loss of SAR 11.9 million in Restaurant Operations. Performance drivers include higher diesel and utility costs, increased distribution expenses, elevated financing costs, and ramp-up costs for new assets and stores, partially offset by cost optimization initiatives and higher production volumes. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Revenues rose 2.6% QoQ in Q1 2026 to SAR 731.2 million, up from SAR 712.7 million in Q4 2025, driven primarily by the Agribusiness (9.4% increase in Animal Feed and Health Products revenue and 0.4% increase in Fresh Poultry, resulting from higher production volume and increase in average selling price), alongside 11.2% rise in Restaurant Operations supported by the impact of ongoing successful marketing campaigns throughout the quarter. Despite the normal slowdown during Ramadan, our pre-Ramadan marketing initiatives accelerated customer acquisition, driving strong YoY uplift in Ramadan performance. Sales growth was further supported by expanded store footprint. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net loss attributable to shareholders narrowed to SAR 1.1 million in Q1 2026, compared to a net loss of SAR 22.4 million in Q4 2025, reflecting higher revenues across all segments, lower selling and distribution expenses, and lower financing costs. Improvements in Agribusiness (+222.3%) driven by asset optimization and product/channel mix enhancing margins, and in Restaurant Operations (+46.9%) supported by higher in‑store revenues in Popeyes KSA offsetting aggregator cost pressures in other regions. |
| 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 | Fresh Poultry revenue increased 10.4% YoY to SAR 551.9 million, driven by higher volumes of 43.2 million birds (+8.6% YoY) with average daily production reaching 604K birds (+7.8% YoY), alongside strong sales execution and channel mix optimization. Revenue in the Animal Feed and Health Products segment declined by 12.3% YoY to SAR 117.4 million in Q1 2026 reflecting softer market conditions that weighed on feed, medication and vaccine sales, partially offset by feed additives and DOC business. Restaurant Operations revenue increased 42.2% YoY to SAR 61.9 million in Q1 2026, driven by successful marketing campaigns boosting in-store transactions and like-for-like performance. Pre‑Ramadan marketing initiatives enhanced customer acquisition and elevated in‑store engagement, contributing to Ramadan 2026 performance that was materially stronger than the comparable period in 2025. The total network of operational outlets stands at 94, as of 31 March 2026; 85 in Saudi Arabia, 4 in Bahrain and 5 in Kuwait. |
| Attached Documents | Attached Documents |
