Herfy Reports SAR 3.91M Net Loss in Three Months 2026
HERFY FOODS 6002.SA | 0.00 |
On 2026-05-03 09:09:57 (Saudi Time), Herfy Food Services 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 | 250,140,144 | 268,550,530 | -6.855 | 264,783,403 | -5.53 |
| Gross Profit (Loss) | 70,801,520 | 61,397,776 | 15.316 | 58,533,424 | 20.959 |
| Operational Profit (Loss) | 4,031,229 | -9,557,262 | - | -2,482,067 | - |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -3,907,863 | -18,596,843 | -78.986 | -11,656,155 | -66.473 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -3,907,863 | -18,596,843 | -78.986 | -9,945,137 | -60.705 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 845,315,633 | 906,393,906 | -6.738 |
| Profit (Loss) per Share | -0.06 | -0.29 | |
| 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
Sales declined 6.855% YoY to 250.14 million SAR primarily due to decreased sales volumes. Net loss significantly improved by 78.986% to 3.91 million SAR from 18.60 million SAR in the prior year, driven by reduced cost of sales percentage, lower selling and marketing expenses, decreased finance costs, reduced impairment provisions, lower zakat expenses, and increased other income, despite the revenue decline and higher general administrative expenses.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 5.53% from 264.78 million to 250.14 million due to decreased sales. Net loss improved 66.47% from -11.66 million to -3.91 million, primarily driven by lower cost of sales percentage, reduced finance costs, decreased zakat expenses, and increased other income, despite higher selling/administrative expenses and new impairment provisions on financial assets. The previous quarter benefited from reversal of impairment provisions on non-financial assets.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. Revenue decreased 6.855% year-over-year to SAR 250,140,144, while net loss improved significantly by 78.986% to SAR 3,907,863 compared to SAR 18,596,843 in the same quarter last year. Total shareholders' equity declined 6.738% to SAR 845,315,633. Loss per share improved from SAR -0.29 to SAR -0.06. No accumulated losses percentage or material uncertainties were reported in this interim financial statement.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94888&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.