Herfy Food Services Reports SAR 77.48M Net Loss in 2025
HERFY FOODS 6002.SA | 0.00 |
On 2026-03-04 15:44:00 (Saudi Time), Herfy Food Services Co. announced its Annual financial results for the twelve months ended on December 31, 2025.
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 1,082,561,626 | 1,124,768,690 | -3.75 | ||
| Gross Profit (Loss) | 258,597,345 | 217,244,318 | 19.04 | ||
| Operational Profit (Loss) | -42,549,868 | -66,447,207 | -35.96 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -77,478,271 | -116,524,061 | -33.51 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -75,767,253 | -108,486,363 | -30.16 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 849,223,496 | 924,990,749 | -8.19 | ||
| Profit (Loss) per Share | -1.2 | -1.68 | |||
| 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 year compared to the last year | The decrease in revenue for the year 2025 compared to the year 2024 is due to a decrease in sales. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The reason for the decrease in net losses for the year 2025 compared to the net losses for the year 2024 due to the decrease in selling and distribution expenses, general and administrative expenses, finance costs and zakat expenses, also the decrease in provisions for impairment losses on financial assets, despite the decrease in sales and other income, and the increase in provisions for impairment losses on non-financial assets. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | None |
| Reclassification of Comparison Items | None |
| Additional Information | - |
Year-on-Year Performance Drivers
Sales declined 3.75% YoY to SAR 1,082.56 million due to decreased sales volumes. Net loss narrowed significantly by 33.51% to SAR 77.48 million, primarily driven by reductions in selling and distribution expenses, general and administrative expenses, finance costs, and zakat expenses, along with lower provisions for impairment losses on financial assets, despite the revenue decline and increased provisions for impairment losses on non-financial assets.
Other Items
The auditors issued an unmodified opinion with no additional comments or qualifications. The company reported an operational loss of SAR 42,549,868 and net loss of SAR 77,478,271, with total shareholders' equity declining 8.19% to SAR 849,223,496. Loss per share improved to SAR 1.2 from SAR 1.68 in the previous year.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=93449&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.