Herfy Food Services Posts SAR 0.94M Net Loss in the Six Months 2026
HERFY FOODS 6002.SA | 0.00 |
On 2026-08-03 09:15:11 (Saudi Time), Herfy Food Services 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 | 265,455,388 | 284,559,331 | -6.713 | 250,140,144 | 6.122 |
| Gross Profit (Loss) | 76,835,578 | 76,433,749 | 0.525 | 70,801,520 | 8.522 |
| Operational Profit (Loss) | 11,162,736 | 9,221,956 | 21.045 | 4,031,229 | 176.906 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 2,963,394 | 899,934 | 229.29 | -3,907,863 | - |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 2,963,394 | 899,934 | 229.29 | -3,907,863 | - |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 515,595,532 | 553,109,861 | -6.782 |
| Gross Profit (Loss) | 147,637,098 | 137,831,525 | 7.114 |
| Operational Profit (Loss) | 15,193,965 | -335,306 | - |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -944,469 | -17,696,909 | -94.663 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -944,469 | -17,696,909 | -94.663 |
| Total Shareholders Equity (after Deducting Minority Equity) | 848,279,027 | 907,293,840 | -6.504 |
| Profit (Loss) per Share | -0.01 | -0.27 | |
| 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 | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
For the six-month period ending 30 June 2026, sales/revenue declined 6.782% YoY to SAR 515.60 million (converted from SAR 515,595,532) compared to SAR 553.11 million (converted from SAR 553,109,861) in the same period of 2025, primarily due to a decrease in sales. Despite the revenue decline, the net loss narrowed significantly by 94.663% YoY to SAR 0.94 million (converted from SAR 944,469) from SAR 17.70 million (converted from SAR 17,696,909), driven by reductions in selling and distribution expenses, finance costs, zakat expenses, and provisions for impairment loss on financial and non-financial assets, partially offset by higher general and administrative expenses and lower sales and other income.
Quarter-on-Quarter Performance Drivers
QoQ revenue rose 6.122% to SAR 265.46 million (vs. SAR 250.14 million in the prior quarter), driven by higher sales. Net profit swung to SAR 2.96 million from a net loss of SAR -3.91 million in the previous quarter, primarily due to an increase in sales and other income, a decrease in finance costs, and a reduction in provisions for impairment loss on financial assets, partially offset by higher general and administration expenses, higher selling and distribution expenses, and increased zakat expenses.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, reservations, or other matters noted. No accumulated losses or fair value changes on investment properties were reported for the period. No material risks, going concern uncertainties, or debt covenant breaches were disclosed in this announcement.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97189&anCat=1&cs=6002&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.