Financial Results : Herfy widens net losses to SAR 65.8M in 9M 2025, SAR 48.1M in Q3

Herfy widens net losses to SAR 65.8M in 9M 2025, SAR 48.1M in Q3

03/11/2025 Argaam Exclusive

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Herfy Food Services Co. (Herfy) widened net losses to SAR 65.8 million in the first nine months of 2025, from SAR 56.6 million a year earlier.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 868.82 817.78 (5.9 %)
Gross Income 184.12 200.06 8.7 %
Operating Income (17.54) (40.07) (128.4 %)
Net Income (56.62) (65.82) (16.3 %)
Average Shares 64.68 64.68 -
Earnings Per Share before unusual items (Riyals) (0.75) (0.46) 39.0 %
EPS (Riyal) (0.88) (1.02) (16.3 %)

The company attributed the nine-month losses to lower sales and other income, coupled with higher general and administrative expenses (G&A) as a SAR 36.2 million impairment provision for assets related to the Sudair plant buildings, weighed on results. This came despite declines in finance costs, selling and marketing expenses, and Zakat charges.

 

In Q3 2025, Herfy reported net losses of SAR 48.1 million, compared to SAR 33.3 million in Q3 2024, hurt by weaker sales and other income, along with higher G&A.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 278.65 264.67 (5.0 %)
Gross Income 46.48 62.23 33.9 %
Operating Income (22.42) (39.73) (77.2 %)
Net Income (33.37) (48.13) (44.2 %)
Average Shares 64.68 64.68 -
Earnings Per Share before unusual items (Riyal) (0.52) (0.18) 64.3 %
EPS (Riyal) (0.52) (0.74) (44.2 %)

The restaurant operator swung to losses, after posting a net profit of SAR 900,000 in Q2 2025.

 

Total shareholders’ equity, with no minority interest, reached SAR 859.16 million as of Sept. 30, 2025, down from SAR 976.85 million a year earlier.

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