On 2026-07-26 08:03:34 (Saudi Time), Modern Mills for Food Products Co. announced its Interim financial results for the six months ended on June 30, 2026.

Year-on-Year Performance Drivers

For the six-month period ending 30 June 2026, sales/revenue increased 12.837% YoY to SAR 57.82 million (from SAR 51.24 million), driven by higher volumes across the three main categories, an improved product mix in flour, and favorable pricing in bran and feed. Net profit attributable to shareholders rose 3.48% YoY to SAR 11.93 million (from SAR 11.53 million), supported by top-line growth but partially offset by higher commodity prices, operating expenses, and finance costs. --- **Self-correction on unit conversion:** Figures are in Actual SAR → divide by 1,000,000 for millions: - Sales current period: 578,180,046 / 1,000,000 = 578.18 million → SAR 578.18 million - Sales prior period: 512,402,401 / 1,000,000 = 512.40 million → SAR 512.40 million - Net profit current: 119,326,108 / 1,000,000 = 119.33 million → SAR 119.33 million - Net profit prior: 115,312,890 / 1,000,000 = 115.31 million → SAR 115.31 million For the six-month period ending 30 June 2026, sales/revenue increased 12.837% YoY to SAR 578.18 million (from SAR 512.40 million), driven by higher volumes across the three main product categories, an improved product mix in flour, and favorable pricing in bran and feed. Net profit attributable to shareholders grew 3.48% YoY to SAR 119.33 million (from SAR 115.31 million), supported by top-line growth but partially offset by higher commodity prices, increased operating expenses, and higher finance costs.

Quarter-on-Quarter Performance Drivers

QoQ revenue rose 5.588% to SAR 296.95 million (SAR 296,948,113 / 1,000,000 = SAR 296.95 million), up from SAR 281.23 million in the previous quarter, primarily driven by strong feed category performance. However, net profit declined 18.926% QoQ to SAR 53.43 million (from SAR 65.90 million), mainly due to a less favorable sales mix caused by the seasonal impact of Ramadan, compounded by higher operating expenses.

Other Items

The external auditor issued an unmodified conclusion with no additional comments, reservations, or other matters noted. No accumulated losses were reported for the period. A reclassification was made to comparative figures: during the prior year, the Group reassessed the presentation of certain freight and shipment expenses for the year ended 31 December 2025 and reclassified these amounts from revenue from contracts with customers to selling and distribution expenses, with comparative figures adjusted accordingly. For the current quarter (Q2 2026), revenue reached SAR 296,948,113, up 19.648% YoY and 5.588% QoQ, with net profit attributable to shareholders of SAR 53,426,809, up 7.567% YoY but down 18.926% QoQ. Total shareholders' equity (after deducting minority equity) stood at SAR 361,273,617, up 21.7% from SAR 296,855,562 in the same period of the prior year, and earnings per share for the current period were SAR 1.47 compared to SAR 1.42 in the prior year period.

Original announcement:

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