Saudi Marketing Reports SAR 6.42M Net Profit in Three Months 2026
FARM SUPERSTORES 4006.SA | 0.00 |
On 2026-05-11 15:48:37 (Saudi Time), Saudi Marketing Company (Farm Superstores) 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 | 442,503 | 469,654 | -5.781 | 440,030 | 0.562 |
| Gross Profit (Loss) | 149,174 | 154,656 | -3.544 | 152,365 | -2.094 |
| Operational Profit (Loss) | 32,092 | 37,781 | -15.057 | 31,769 | 1.016 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 6,415 | 5,720 | 12.15 | 4,641 | 38.224 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 6,066 | 5,683 | 6.739 | 5,457 | 11.159 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 716,857 | 690,642 | 3.795 |
| Profit (Loss) per Share | 0.14 | 0.13 | |
| All figures are in (Thousands) 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 (Thousands) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales declined 5.78% YoY to SAR 442.50 million primarily due to decreased revenue from Farm Superstores branches. Despite the revenue decline, net profit increased 12.15% YoY to SAR 6.42 million, driven by significantly lower finance costs on loans, which reduced net non-operating costs and expenses from SAR 32.1 million in the prior year to SAR 25.7 million in the current quarter.
Quarter-on-Quarter Performance Drivers
QoQ revenue increased 0.562% to SAR 442.50 million driven by higher Farm Superstores branch revenues. Net profit surged 38.224% to SAR 6.42 million primarily due to reduced finance costs on loans, with non-operating costs decreasing from SAR 27.1 million in the previous quarter to SAR 25.7 million in the current quarter.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. The company reported no accumulated losses, with shareholders' equity increasing 3.795% to SAR 716,857 thousand. Earnings per share improved to SAR 0.14 compared to SAR 0.13 in the same quarter of the previous year.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95247&anCat=1&cs=4006&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.