Almunajem 2025 profit down 43% to SAR 159.9M; Q4 at SAR 57.2M

Almunajem Foods Co. reported a net profit of SAR 159.9 million in 2025, a 43% fall from SAR 278.7 million in the year before.

The decline in net profits was mainly due to a 0.2% decrease in revenues in 2025, compared with 2024.

The 2025 goss profit also slumped by 6.3%, accompanied by lower profit margins, particularly in the red and white meat product segments, due to pricing pressures in the poultry market.

Operating expenses also weighed on Almunajem’s financials after increasing in 2025, compared with the previous year. This was mainly as a result of higher employee costs and elevated selling and distribution expenses.

The company also recorded foreign exchange losses of SAR 4.3 million in 2025, compared to foreign exchange gains of SAR 3.8 million in 2024, mainly due to the appreciation of the Euro against the Saudi riyal during 2025.

In addition, financing costs increased during 2025, driven by higher capital expenditures related to the expansion of the meat factory and logistics service projects.

The company also reported a weaker share of income from its associate, Balady Poultry Co., of SAR 12.3 million in 2025, compared to SAR 22.2 million in 2024.

In Q4 2025, net profit declined 5.1% to SAR 57.2 million, versus SAR 60.3 million in Q4 2024.

On a sequential basis, however, net earnings grew 80.4% from SAR 31.7 million in Q3 2025 as revenues edged up and operating expenses relatively eased quarter on quarter.

Total shareholders’ equity (no minority interest) stood at SAR 1.04 billion by Dec. 31, 2025, slightly down from SAR 1.01 billion a year earlier.

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