Foods Gate Trading Reports SAR 3.50M Net Profit in the Six Months 2026
FOODS GATE 9562.SA | 0.00 |
On 2026-07-26 08:00:06 (Saudi Time), Foods Gate Trading Co. announced its Interim financial results for the six months ended on June 30, 2026.
| Element List | Current Period | Similar period for previous year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 30,597,515 | 29,369,040 | 4.182 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 3,501,301 | 3,945,833 | -11.265 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 57,863,977 | 54,554,065 | 6.067 | ||
| Profit (Loss) per Share | 1.11 | 1.25 | |||
| 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 | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Revenue increased by 4.18% to SAR 30.60 million during the current period, compared to SAR 29.37 million during the corresponding period of the previous year. This increase was mainly attributable to the opening of Maman Restaurant and the Kimono Al Narjis branch during the period. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is |
Net profit decreased by 11.27% during the current period to SAR 3.50 million, compared to SAR 3.95 million during the corresponding period of the previous year.
This decrease was mainly attributable to a 7.34% increase in cost of revenue, compared to revenue growth of 4.18%, due to higher operating costs at existing branches, in addition to the operating costs associated with the opening and operation of new branches.
The increase in selling and marketing expenses and general and administrative expenses also had a limited additional impact on net profit. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | Some comparative figures for the previous period have been reclassified to conform to the presentation used for the current period |
Year-on-Year Performance Drivers
Sales increased 4.18% YoY to SAR 30.60 million (from SAR 29.37 million), primarily driven by the opening of Maman Restaurant and the Kimono Al Narjis branch during the period. Net profit attributable to shareholders declined 11.27% YoY to SAR 3.50 million (from SAR 3.95 million), as cost of revenue grew 7.34%, outpacing revenue growth of 4.18%, due to higher operating costs at existing branches and additional costs associated with launching new branches. The increase in selling, marketing, and general and administrative expenses further weighed on net profit, albeit to a lesser extent.
Other Items
The external auditor issued an unmodified conclusion for the interim period ending June 30, 2026. Total shareholders' equity (after deducting minority equity) stood at SAR 57,863,977, compared to SAR 54,554,065 in the same period of the previous year, representing an increase of 6.067%. Earnings per share were SAR 1.11, down from SAR 1.25 in the prior year period. Some comparative figures for the previous period have been reclassified to conform to the presentation used for the current period. No accumulated losses, material uncertainties, or going concern risks were disclosed in this announcement.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96967&anCat=1&cs=9562&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.