Tanmiah Food Reports SAR 1.1M Net Loss in Three Months 2026
TANMIAH 2281.SA | 0.00 |
On 2026-05-10 08:31:13 (Saudi Time), Tanmiah 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 | 731.2 | 677.1 | 7.989 | 712.7 | 2.595 |
| Gross Profit (Loss) | 166.8 | 168.4 | -0.95 | 144.8 | 15.193 |
| Operational Profit (Loss) | 28.5 | 43.6 | -34.633 | 5.7 | 400 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -1.1 | 18.9 | - | -22.4 | -95.089 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -1.1 | 18.9 | - | -25.4 | -95.669 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 614.3 | 700.9 | -12.355 |
| Profit (Loss) per Share | -0.06 | 0.95 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales increased 7.989% YoY to SAR 731.2 million in Q1 2026, driven by Fresh Poultry volumes rising 8.6% to 43.2 million birds and Restaurant Operations revenue surging 42.2% due to successful marketing campaigns. However, the company shifted from a net profit of SAR 18.9 million to a net loss of SAR 1.1 million, as higher diesel and utility costs, increased distribution expenses, elevated financing costs, and ramp-up costs for new assets offset the revenue gains. The Agribusiness segment generated SAR 10.8 million net profit, but this was negated by an SAR 11.9 million net loss in Restaurant Operations.
Quarter-on-Quarter Performance Drivers
QoQ revenue increased 2.595% to SAR 731.2 million, driven by 9.4% growth in Animal Feed and Health Products, 0.4% increase in Fresh Poultry from higher production volumes and pricing, and 11.2% rise in Restaurant Operations supported by successful marketing campaigns. Net loss narrowed significantly from SAR 22.4 million to SAR 1.1 million due to higher revenues across all segments, lower selling and distribution expenses, and reduced financing costs. Agribusiness performance improved 222.3% through asset optimization and enhanced product/channel mix margins, while Restaurant Operations gained 46.9% from higher in-store revenues offsetting aggregator cost pressures.
Other Items
The external auditor issued an unmodified conclusion with no additional comments in other matter, conservation, notice, disclaimer of opinion, or adverse opinion paragraphs. Total shareholders equity decreased 12.355% YoY to SAR 614.3 million. Earnings per share declined from SAR 0.95 to a loss of SAR 0.06 per share. Fresh Poultry revenue reached SAR 551.9 million with average daily production of 604K birds, while Animal Feed and Health Products revenue fell 12.3% to SAR 117.4 million due to softer market conditions. The restaurant network expanded to 94 operational outlets across three countries as of March 31, 2026.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95138&anCat=1&cs=2281&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/31433_2202_2026-05-09_16-35-16_en.pdfImportant 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.