Almunajem Foods Reports SAR 97M Net Profit in Three Months 2026
ALMUNAJEM 4162.SA | 0.00 |
On 2026-05-11 16:07:36 (Saudi Time), Almunajem Foods 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 | 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) | 1,159.6 | 1,050 | 10.438 |
| 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 driven by lower sales volumes across some product categories. Net profit surged 142.5% YoY to SAR 97 million, mainly attributed to improved profit margins across most product categories, particularly in red and white meat, fruits and vegetables, and dairy products, supported by better market conditions. The profitability increase was further enhanced by higher share of profit from associate Balady Poultry Company, which contributed SAR 4.8 million compared to SAR 2.4 million in the same quarter last year.
Quarter-on-Quarter Performance Drivers
QoQ revenue increased 4.247% to SAR 861.4 million 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 SAR 97 million, primarily attributed to improved profit margins across most major product categories, lower operating expenses and finance costs, and an enhanced sales mix from seasonal changes in consumption patterns.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. The company reported no accumulated losses, with total shareholders equity increasing 10.438% to SAR 1,159.6 million compared to the previous year. Earnings per share improved significantly to SAR 1.62 from SAR 0.67 in the comparable prior year period. Some comparative figures for previous periods were reclassified to align with current period classification.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95257&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.