Arabian Agricultural Reports SAR 1.4M Net Loss in Three Months 2026
ENTAJ 2287.SA | 0.00 |
On 2026-05-12 08:06:44 (Saudi Time), Arabian Company for Agricultural and Industrial Investment 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 | 422.1 | 339.5 | 24.329 | 352.6 | 19.71 |
| Gross Profit (Loss) | 73.7 | 32.7 | 125.382 | -5.1 | - |
| Operational Profit (Loss) | 12.5 | -2.3 | - | -57 | - |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -1.4 | -14.4 | -90.277 | -74.2 | -98.113 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -1.4 | -14.4 | -90.277 | -74.2 | -98.113 |
| 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) | 318.5 | 446.2 | -28.619 |
| Profit (Loss) per Share | -0.05 | -0.48 | |
| 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 | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales increased 24.329% YoY to SAR 422.1 million, driven by higher sales volumes, improved pricing, and a more diversified product mix across core segments with expansion in both B2B and B2C customer bases. Net loss significantly improved by SAR 13.0 million to SAR 1.4 million compared to SAR 14.4 million in the prior year, primarily due to stronger operational performance contributing SAR 9.0 million and improved operational efficiency with effective cost control adding SAR 5.8 million through lower mortality rates and higher production efficiency. The improvement was further supported by lower provisions and reduced one-off expenses, despite partial impacts from biological asset revaluation and higher financing costs.
Quarter-on-Quarter Performance Drivers
QoQ revenue increased 19.71% to SAR 422.1 million, driven by improved pricing and product mix alongside higher sales volumes across fresh and frozen product segments. Net loss significantly improved from SAR 74.2 million to SAR 1.4 million, representing a SAR 72.8 million improvement. This was primarily driven by strong operational performance contributing SAR 32.6 million from higher sales volumes, improved pricing, and favorable product mix, plus SAR 36.0 million from operational efficiency gains including lower mortality rates and enhanced production efficiency.
Other Items
The auditors issued an unmodified conclusion with no additional comments or qualifications noted. The company reported positive operating cash flows of SAR 5.3 million during Q1 2026, compared to operating cash outflows of SAR 7.5 million in the same quarter of the previous year. Total shareholders equity decreased 28.619% year-over-year to SAR 318.5 million from SAR 446.2 million. Loss per share improved to SAR 0.05 from SAR 0.48 in the prior year quarter. Certain comparative figures were reclassified to conform with current period presentation as detailed in Note 18 to the financial statements.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95272&anCat=1&cs=2287&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.