Halwani Bros Reports SAR 15.41M Net Profit in Three Months 2026
HB 6001.SA | 0.00 |
On 2026-04-27 15:38:23 (Saudi Time), Halwani Bros. Co. 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 | 245.47 | 237.76 | 3.242 | 221.08 | 11.032 |
| Gross Profit (Loss) | 73.57 | 69.54 | 5.795 | 64.98 | 13.219 |
| Operational Profit (Loss) | 25.82 | 24.54 | 5.215 | 23.03 | 12.114 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 15.41 | 11.51 | 33.883 | 15.65 | -1.533 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 12.24 | 11.88 | 3.03 | 16.88 | -27.488 |
| 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) | 348.08 | 301.48 | 15.457 |
| Profit (Loss) per Share | 0.44 | 0.33 | |
| 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 3.242% YoY to SAR 245.47 million, driven by 4% growth in Egypt (rising to SAR 111.7 million) due to price adjustments for inflation and higher meat sector volumes, plus 2% growth in Saudi Arabia (reaching SAR 133.9 million). Net profit surged 33.883% YoY to SAR 15.41 million, primarily due to improved gross profit margins from enhanced production cost management and procurement efficiency, along with a 45% reduction in finance costs from better working capital management. However, results were partially offset by foreign exchange losses of SAR 3.9 million and asset impairment losses of SAR 1.5 million.
Quarter-on-Quarter Performance Drivers
QoQ revenue increased 11.032% driven by 20% growth in Saudi Arabia sales (from SAR 111.3 million to SAR 133.9 million) and 2% growth in Egypt sales (from SAR 109.8 million to SAR 111.7 million). Net profit remained nearly flat with a slight decrease of 1.533% despite revenue growth, as positive factors including SAR 8.6 million gross profit improvement and SAR 5.9 million reduction in G&A expenses were offset by negative factors: SAR 6.2 million decrease in other income, SAR 5.8 million increase in selling expenses due to sales channel restructuring, and SAR 4.2 million net foreign exchange losses from Egyptian Pound fluctuations.
Other Items
The external auditor issued an unmodified conclusion with no comments mentioned in other matter, conservation, notice, disclaimer of opinion, or adverse opinion paragraphs. Total shareholders equity increased 15.457% to SAR 348.08 million compared to the previous year. Earnings per share improved from SAR 0.33 to SAR 0.44. The company reported reclassification of comparison items with details available in Note 2.1 of the consolidated financial statements.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94697&anCat=1&cs=6001&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.