Nofoth profit down 21% to SAR 34.99M in 9M 2026; Q3 at SAR 10.39M

04/11/2026 Argaam Exclusive

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Nofoth Food Products Co. posted a net profit decline of 21% to SAR 34.99 million in the first nine months of 2026, compared to SAR 44.23 million in the year-earlier period.



Financials (Million Riyal)

Item 9m 2025 9m 2026 Change‬
Revenues 324.68 331.28 2.0 %
Gross Income 203.46 203.71 0.1 %
Operating Income 44.08 35.23 (20.1 %)
Net Income 44.23 34.99 (20.9 %)
Average Shares 96.00 96.00 -
Earnings Per Share before unusual items (Riyals) 0.46 0.36 (20.9 %)
EPS (Riyal) 0.46 0.36 (20.9 %)

The profit decline was attributed to an increase in selling and marketing expenses, driven by higher sales through delivery applications and the consequent rise in total commissions and a decline in the profit margin.

 

This was partially offset by a decrease in general and administrative expenses, an increase in other income, a decrease in Zakat expenses and a 2% increase in revenue to SAR 331.28 million during the current period.



Current Quarter Comparison (Million Riyal)

Compared With The
Item Q3 2025 Q3 2026 Change‬
Revenues 104.89 115.77 10.4 %
Gross Income 64.52 69.30 7.4 %
Operating Income 11.44 10.77 (5.9 %)
Net Income 11.53 10.39 (9.9 %)
Average Shares 96.00 96.00 -
Earnings Per Share before unusual items (Riyal) 0.12 0.11 (9.9 %)
EPS (Riyal) 0.12 0.11 (9.9 %)

In Q3 2026, net earnings fell 9.9% to SAR 10.39 million from SAR 11.53 million.

 

Sequentially, the bottom line grew 1.1% from SAR 10.28 million in Q2 2026, supported by lower general and administrative expenses, and higher other income.

 

Total shareholders’ equity, no minority interest, reached SAR 190.28 million by Sept. 30, 2026, compared to SAR 173.64 million a year ago.

View More Financial Results

 

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Share Price

Nofoth Food Products Co.
5.98
(0.02) (0.33 %)

Nofoth Food Products Co. (NOFOTH)

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Financial Ratios
Current
Market Cap (M Riyal) 574.08
Enterprise Value (EV) (M Riyal) 518.68
Shares Outstanding ((M)) 96.00
Recurring EPS ( Riyal) (TTM) 0.53
Book Value (BV) ( Riyal) 1.98
Par Value ( Riyal) 1.00
Recurring P/E (TTM) 11.33
P/E (TTM) 12.09
Price/book 3.02
Dividend Yield (%) (Last Year) 2.64
Return on Average Assets (%) (TTM) 17.0
Return on Average Equity (%) (TTM) 26.1
EV/Revenues 1.19
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