Fourth Milling Reports SAR 103.87M Net Profit in the Six Months 2026
FOURTH MILLING 2286.SA | 0.00 |
On 2026-07-30 08:48:04 (Saudi Time), Fourth Milling Co. announced its Interim financial results for the six months ended on June 30, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 167,839,571 | 138,021,853 | 21.603 | 175,240,646 | -4.223 |
| Gross Profit (Loss) | 84,252,775 | 59,782,082 | 40.933 | 85,237,196 | -1.154 |
| Operational Profit (Loss) | 54,742,087 | 37,697,920 | 45.212 | 57,024,807 | -4.003 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 50,553,977 | 34,052,411 | 48.459 | 53,314,414 | -5.177 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 50,534,506 | 33,959,704 | 48.807 | 53,288,697 | -5.168 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 343,080,217 | 304,150,129 | 12.799 |
| Gross Profit (Loss) | 169,489,971 | 137,743,404 | 23.047 |
| Operational Profit (Loss) | 111,766,894 | 91,920,155 | 21.591 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 103,868,391 | 86,748,232 | 19.735 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 103,823,203 | 86,738,784 | 19.696 |
| Total Shareholders Equity (after Deducting Minority Equity) | 828,352,791 | 740,711,816 | 11.831 |
| Profit (Loss) per Share | 0.19 | 0.16 | |
| 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
For the six-month period ending 30 June 2026, sales/revenue increased 12.799% YoY to SAR 343.08 million (from SAR 304.15 million), driven by an 8% growth in flour segment sales volumes supported by improved sales strategies, a 15% increase in bran segment sales volumes alongside improved bran prices, partially offset by a decline in animal feed segment volumes. Net profit attributable to shareholders rose 19.735% YoY to SAR 103.87 million (from SAR 86.75 million), primarily due to higher revenue and the company's strategic focus on high-value products and margin improvement, though partially tempered by increased selling and distribution expenses and higher general and administrative expenses; notably, the prior-year period also included a one-time reversal of deferred tax liabilities of SAR 2.9 million that did not recur in the current period.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 4.223% to SAR 167.84 million (vs. SAR 175.24 million in the prior quarter), primarily driven by seasonality of demand in the flour segment, where sales volumes fell 10%, particularly in consumer pack categories, partially offset by 6% volume growth in bulk flour; animal feed sales also declined 12%. Net profit dropped 5.177% to SAR 50.55 million, further pressured by a 16% increase in selling and distribution expenses largely due to the reclassification of transportation costs (SAR 4 million previously deducted from revenue in the prior quarter), as well as a 6% rise in general and administrative expenses.
Other Items
Fourth Milling Co.'s interim financial results for the six months ended June 30, 2026 received an unmodified conclusion from the external auditor, with no additional comments, reservations, disclaimers, or adverse opinions noted. No material risks such as going concern uncertainties or debt covenant breaches were flagged. Some comparative figures have been reclassified, with details available in the notes to the financial statements.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97094&anCat=1&cs=2286&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.