Al-Jouf Agricultural Reports SAR 2.06M Net Profit in Three Months 2026
ALJOUF 6070.SA | 0.00 |
On 2026-05-06 08:43:10 (Saudi Time), Al-Jouf Agricultural Development Co. announced its Interim financial results for the three months ended on March 31, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 167,675 | 170,593 | -1.71 | 208,673 | -19.647 |
| Gross Profit (Loss) | 27,345 | 68,361 | -59.999 | 40,464 | -32.421 |
| Operational Profit (Loss) | 4,118 | 41,616 | -90.104 | 2,403 | 71.369 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 2,055 | 34,657 | -94.07 | 8,255 | -75.105 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 2,055 | 34,657 | -94.07 | 8,255 | -75.105 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 790,533 | 774,599 | 2.057 |
| Profit (Loss) per Share | 0.07 | 1.16 | |
| All figures are in (Thousands) 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 (Thousands) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales declined 1.71% YoY to 167.68 million due to differences in Ramadan seasonal timing. Net profit dropped dramatically by 94.07% YoY to 2.06 million, primarily driven by lower sales and significantly reduced profit margins from higher operational costs, despite reductions in general and administrative expenses and decreased unrealized losses from investment revaluations.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 19.65% from 208.67 million to 167.68 million SAR due to the difference in timing of the Ramadan seasonal period. Net profit dropped 75.11% from 8.26 million to 2.06 million SAR, attributed to lower sales and decreased profit margins resulting from higher costs, despite reductions in selling, distribution, and general administrative expenses.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. Total shareholders equity increased 2.057% to 790.53 million SAR. Earnings per share declined from 1.16 to 0.07 SAR. Certain comparative figures were reclassified to conform with current period presentation.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95009&anCat=1&cs=6070&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.