Horizon Food Reports SAR 3.74M Net Profit in Three Months 2026
HORIZON FOOD 9564.SA | 0.00 |
On 2026-05-12 16:28:57 (Saudi Time), Horizon Food 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 | 21,280,332 | 18,828,975 | 13.019 | 19,217,215 | 10.735 |
| Gross Profit (Loss) | 6,798,220 | 6,136,376 | 10.785 | 2,872,811 | 136.64 |
| Operational Profit (Loss) | 3,835,119 | 3,262,010 | 17.569 | -2,696,630 | - |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 3,737,316 | 3,420,933 | 9.248 | -2,860,887 | - |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 3,737,316 | 3,420,933 | 9.248 | -3,178,393 | - |
| 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) | 121,088,534 | 115,581,594 | 4.764 |
| Profit (Loss) per Share | 0.47 | 0.43 | |
| 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 increased 13.02% YoY to SAR 21.28 million, driven by growth in sales volumes due to higher demand for Horizonfood products, improved sales mix, multiple new agreements, and enhanced operational efficiency. Net profit rose 9.25% YoY to SAR 3.74 million, primarily attributed to the same factors that boosted revenue growth, with the company maintaining stable operational efficiency levels.
Quarter-on-Quarter Performance Drivers
QoQ revenue increased 10.74% to SAR 21.28 million, primarily driven by normal seasonal factors that positively impacted sales volumes. Net profit surged from a loss of SAR 2.86 million to a profit of SAR 3.74 million, attributed to growth in sales volume from increased demand for new products, improvements in the sales system, multiple new agreements, and enhanced operational efficiency.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. No accumulated losses were reported, and total shareholders equity increased 4.764% to SAR 121,088,534. Earnings per share improved to SAR 0.47 compared to SAR 0.43 in the prior year period. The company disclosed that figures for the previous quarter and corresponding quarter of the previous year were not audited by the external auditor and were based on internal financial statements, while the external auditor has audited the first half of 2025, third quarter of 2025, and annual financial statements for 2025.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95329&anCat=1&cs=9564&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.