On 2026-07-30 08:04:24 (Saudi Time), Arabian Mills for Food Products Co. 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 5.26% YoY to SAR 503.39 million (SAR 0.50 million) from SAR 478.22 million (SAR 0.48 million), driven by steady Flour segment growth of 6.25% (up SAR 17.10 million) supported by strong B2B growth of 4.82% and B2C growth of 21.54% through Modern Trade promotions and new product launches, alongside significant Feed segment growth of SAR 13.51 million from the Livestock segment, partially offset by a decline in Bran sales due to increased Bran usage in Feed production. Net profit attributable to shareholders rose 22.44% YoY to SAR 143.94 million (SAR 0.14 million) from SAR 117.56 million (SAR 0.12 million), driven by revenue growth in Flour and Feed segments, improved management of administrative, selling, and operating expenses, and a SAR 8.14 million reduction in finance costs resulting from early voluntary debt repayments and an 80.67% increase in Finance Revenues from Sharia-compliant deposits.

Quarter-on-Quarter Performance Drivers

QoQ revenue declined 15.42% to SAR 230.66 million (from SAR 272.73 million), driven primarily by seasonal factors — the Ramadan period, which boosts flour consumption, fell in Q1 2026, and Eid holidays dampened B2B customer purchases in Q2 2026. Net profit fell 30.43% to SAR 59.06 million (from SAR 84.89 million), largely reflecting the revenue drop due to the same seasonal dynamics, only partially offset by lower marketing and transportation costs.

Other Items

Arabian Mills for Food Products Co. received an unmodified conclusion from its external auditor for the six-month period ended 30 June 2026, with no additional comments noted in any other matter, conservation, notice, disclaimer of opinion, or adverse opinion paragraphs. Total shareholders' equity (after deducting minority equity) stood at SAR 1,335,613,478 as of the current period, compared to SAR 1,123,410,125 for the same period of the prior year, representing an increase of 18.889%. Earnings per share for the current period were SAR 2.81, up from SAR 2.29 in the same period last year. No material risks related to going concern or debt default were disclosed. The company also noted that certain prior-period comparative figures for the three-month period ended 30 June 2025 were reclassified to ensure appropriate presentation and consistency, affecting cost of revenue, selling and distribution expenses, general and administrative expenses, other income, and finance costs.

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