Balady Reports SAR 12.48M Net Profit in Three Months 2026
BALADY 9559.SA | 0.00 |
On 2026-05-07 08:01:24 (Saudi Time), Balady poultry company announced its quarterly 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 | 189,085,014 | 204,134,036 | -7.372 | 216,553,203 | -12.684 |
| Gross Profit (Loss) | 19,691,895 | 14,425,768 | 36.505 | 18,335,961 | 7.394 |
| Operational Profit (Loss) | 13,839,178 | 7,890,270 | 75.395 | 8,387,379 | 65 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 12,481,139 | 6,657,796 | 87.466 | 8,665,786 | 44.027 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 12,355,539 | 6,657,796 | 85.58 | 8,324,886 | 48.416 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 355,105,584 | 315,598,557 | 12.518 |
| Profit (Loss) per Share | 1.9 | 1.01 | |
| All figures are in (Actual) 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 (Actual) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales declined 7.372% YoY to SAR 189.09 million due to decreased sales volumes in some major item groups. Despite lower revenue, net profit surged 87.466% YoY to SAR 12.48 million, primarily driven by improved profit margins, enhanced efficiency in revenue-related cost management supported by better market conditions, and increased revaluation of biological assets.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 12.68% to 189.09 million due to decreased sales volumes in some major item groups. Net profit surged 44.03% to 12.48 million, primarily driven by improved profit margins, enhanced efficiency of revenue-related cost management supported by better market conditions, and increased revaluation of biological assets.
Other Items
The auditor issued an unmodified conclusion for the financial results. These estimated financial results for the period ended March 31, 2026 have been prepared by the company's management and have not been checked by an external auditor. Total shareholders equity increased 12.518% to SAR 355.11 million compared to the same period last year. Earnings per share improved to SAR 1.9 from SAR 1.01 in the comparable prior year quarter, calculated based on 6,570,000 ordinary shares outstanding during the period.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95047&anCat=1&cs=9559&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.