Al Othaim Markets Reports SAR 53.66M Net Profit in Three Months 2026
A.OTHAIM MARKET 4001.SA | 0.00 |
On 2026-05-10 15:39:56 (Saudi Time), Abdullah Al Othaim Markets 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 | 2,965.19 | 3,147.2 | -5.783 | 2,672.39 | 10.956 |
| Gross Profit (Loss) | 645.31 | 631.66 | 2.16 | 689 | -6.341 |
| Operational Profit (Loss) | 74.17 | 105.91 | -29.968 | 131.71 | -43.686 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 53.66 | 76.36 | -29.727 | 115.12 | -53.387 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 55.5 | 78.36 | -29.173 | 131.39 | -57.759 |
| 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) | 1,228.16 | 1,352.04 | -9.162 |
| Profit (Loss) per Share | 0.06 | 0.08 | |
| 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 | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales declined 5.783% YoY from SAR 3,147.2 million to SAR 2,965.19 million primarily due to shifts in consumer behavior reducing direct sales through branches and supply chain disruptions from implementing a new ERP system in Q4 2025. Net profit decreased 29.727% YoY from SAR 76.36 million to SAR 53.66 million despite improved gross profit margins, driven by the sales decline and increased operating costs across various sales channels. The previous year's quarter also included promotional campaigns with deferred discounts that negatively affected gross profit margins.
Quarter-on-Quarter Performance Drivers
QoQ revenue increased 10.956% to 2,965.19 million driven by diversification of sales channels and the seasonal impact of Ramadan. However, net profit plummeted 53.387% from 115.12 million to 53.66 million despite the 11% sales growth. The profit decline was primarily caused by lower profit margins due to target rebates from suppliers and decreased rental income compared to the previous quarter.
Other Items
The auditors issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. No accumulated losses were reported. The company completed the first phase of ERP system stabilization by the end of Q1 2026 and expanded its retail footprint by opening 2 stores while closing 1 store during the quarter. Total shareholders equity decreased 9.162% YoY to SAR 1,228.16 million, and earnings per share declined from SAR 0.08 to SAR 0.06.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95180&anCat=1&cs=4001&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.