Almunajem Foods Reports SAR 97M Net Profit in Three Months 2026
ALMUNAJEM 4162.SA | 0.00 |
On 2026-05-06 15:39:12 (Saudi Time), Almunajem Foods Co. announced its Estimated 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 | 861.4 | 901.5 | -4.448 | 826.3 | 4.247 |
| Gross Profit (Loss) | 185.4 | 133.3 | 39.084 | 149.8 | 23.765 |
| Operational Profit (Loss) | 100 | 46.3 | 115.982 | 62.2 | 60.771 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 97 | 40 | 142.5 | 57.3 | 69.284 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 114.7 | 40 | 186.75 | 52.5 | 118.476 |
| 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) | 1,159.7 | 1,050 | 10.447 |
| Profit (Loss) per Share | 1.62 | 0.67 | |
| 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 4.448% YoY to SAR 861.4 million primarily due to lower sales volumes across most product categories. Net profit surged 142.5% YoY to SAR 97 million, driven by significantly improved gross profit margins across most product categories, particularly in red and white meat, fruits and vegetables, and dairy products, supported by enhanced market conditions and operational efficiency gains.
Quarter-on-Quarter Performance Drivers
QoQ revenue increased 4.247% to 861.4 million SAR, driven by improved market conditions and higher sales volumes in Dairy and Olives & Oil categories due to seasonal consumption patterns. Net profit surged 69.284% to 97 million SAR, primarily attributable to improved profit margins across most major product categories, enhanced sales mix, and lower operating expenses and finance costs.
Other Items
The external auditor issued an unmodified conclusion for the interim financial results. However, these estimated financial results for the period ended March 31, 2026 were prepared by company management and were not reviewed by external auditors. No accumulated losses were reported, with the company showing no accumulated losses as a percentage of capital. Total shareholders equity increased 10.447% to SAR 1,159.7 million compared to the previous year, while earnings per share improved from SAR 0.67 to SAR 1.62.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95024&anCat=1&cs=4162&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.