On 2026-07-05 08:21:59 (Saudi Time), Almarai Company announced its Interim financial results for the six months ended on June 30, 2026.

Year-on-Year Performance Drivers

For the six-month period ending 30 June 2026, Sales/Revenue increased by 8.798% YoY to SAR 12,028.26 million (from SAR 11,055.49 million), driven by sales volume growth in most markets across most product categories and all sales channels, supported by poultry sales volume growth from expansion projects and an improved revenue mix for dairy. Net profit attributable to shareholders declined by 0.738% YoY to SAR 1,367.88 million (from SAR 1,378.06 million), primarily due to poultry market supply conditions in the first quarter, cost inflation pressures from higher dairy feed shipping costs, and elevated energy expenses driving higher distribution costs, partially offset by improved performance in the Dairy & Juice and Bakery categories.

Quarter-on-Quarter Performance Drivers

QoQ revenue declined 4.737% to SAR 5,868.21 million (from SAR 6,160.05 million in the previous quarter), driven by seasonal consumption patterns. Net profit attributable to shareholders fell 13.187% QoQ to SAR 635.66 million (from SAR 732.22 million), also impacted by seasonal consumption patterns compounded by cost inflation pressures, primarily from higher feed shipping costs for the dairy segment and elevated energy expenses driving up distribution costs.

Other Items

The external auditor issued an unmodified conclusion with no additional comments in any other matter, conservation, notice, disclaimer of opinion, or adverse opinion paragraphs. For the current quarter (Q2 2026), Sales/Revenue rose 10.963% YoY to SAR 5,868,205 thousand, while Net Profit Attributable to Shareholders declined 1.732% YoY to SAR 635,657 thousand, with the company attributing the profit decline primarily to higher dairy feed shipping costs and elevated energy expenses driving distribution costs. Total Comprehensive Income Attributable to Shareholders for the current quarter was SAR 669,944 thousand, up 1.885% YoY. For the six-month period, Total Shareholders' Equity (after deducting minority equity) stood at SAR 20,629,085 thousand, up 6.537% from SAR 19,363,277 thousand in the same period of the prior year, and Earnings Per Share was SAR 1.38 compared to SAR 1.39 in the prior year period. Total Comprehensive Income Attributable to Shareholders for the six-month period declined 18.552% YoY to SAR 1,271,385 thousand. No material risks, going concern uncertainties, accumulated losses, or debt covenant issues were disclosed. Reclassification of comparison items was noted, with the company directing readers to note 2.1 in the condensed consolidated interim financial statements for the six months ended 30 June 2026 for further details.

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