Redan Food Corrects SAR 36.30M Net Loss in Three Months 2026
RAYDAN 6012.SA | 0.00 |
| Element List | Explanation |
|---|---|
| Date of Publishing the Previous Announcement Sought to be Corrected on Saudi Exchange’s Website | 2026-05-12 Corresponding to 1447-11-25 |
| Hyperlink to the Previous Announcement | Click Here |
| Incorrect statements in the previous announcement |
Compared to the previous quarter sales/revenue: 23,648.776 % change: -17.448
Compared to the previous quarter gross profit (loss): -2,589.865 % change: -46.324 Compared to the previous quarter operating profit (loss): -8,634,687 % change: -59,172 Compared to the previous quarter net profit (loss) attributable to the issuer's shareholders: -10,063.417 % change : -39.269 Compared to the previous quarter, total comprehensive income attributable to the issuer's shareholders : -10,063.417 % change: -39.269 All numbers are in (thousands) Saudi riyals |
| Correct Statement |
Compared to the previous quarter sales/revenue: 19,656.52 % change: -0.68
Compared to the previous quarter gross profit (loss): -2,540.74 % change: -45.29 Compared to the previous quarter operating profit (loss): -12,595.44 % change: -72.01 Compared to the previous quarter net profit (loss) attributable to the issuer's shareholders: -36,296.49 % change: -83.16 Compared to the previous quarter, total comprehensive income attributable to the issuer's shareholders: -35,378.98 % change: -82.73 All numbers are in (thousands) Saudi riyals |
| Additional Information | The correction is limited to the comparative figures for the previous quarter "fourth 2025 replaced the third 2025", and has no effect on the data of the current quarter announced or the corresponding quarter of the previous year |
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 0.68% to SAR 19.66 million. Net loss deepened significantly by 83.16% to SAR -36.30 million, while operating loss worsened 72.01% to SAR -12.60 million. Gross loss expanded 45.29% to SAR -2.54 million, indicating deteriorating operational performance across all key metrics.
Other Items
Redan Food Company issued a corrective announcement revising its preliminary Q1 2026 financial results, specifically updating comparative figures from Q3 2025 to Q4 2025 as the baseline. The corrected figures show quarterly revenue of SAR 19,656.52 thousand with a 0.68% decline, gross loss of SAR 2,540.74 thousand representing a 45.29% increase, operating loss of SAR 12,595.44 thousand marking a 72.01% deterioration, and net loss attributable to shareholders of SAR 36,296.49 thousand reflecting an 83.16% worsening compared to the previous quarter.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95643&anCat=1&cs=6012&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.