Financial Results : Almunajem 9M 2025 net profit drops 53% to SAR 102.7M; Q3 at SAR 31.7M

Almunajem 9M 2025 net profit drops 53% to SAR 102.7M; Q3 at SAR 31.7M

04/11/2025 Argaam Exclusive

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Almunajem Foods Co. reported a net profit of SAR 102.7 million for the first nine months of 2025, a 53% fall from SAR 218.3 million in the year-earlier period.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 2,527.93 2,514.80 (0.5 %)
Gross Income 445.52 381.10 (14.5 %)
Operating Income 220.00 118.30 (46.2 %)
Net Income 218.33 102.70 (53.0 %)
Average Shares 60.00 60.00 -
Earnings Per Share before unusual items (Riyals) 3.64 1.71 (53.0 %)
EPS (Riyal) 3.64 1.71 (53.0 %)

The annual profit decline was attributed to a 0.5% year-on-year (YoY) revenue slip. This was due to lower selling prices of red and white meat, which was hit by price pressures in the poultry market, although sales volumes picked up across all business divisions.

 

The company also cited a 14.5% YoY decrease in gross profit, paired with a 12.9% yearly increase in operating expenses for the nine-month period.

 

In addition, it incurred FOREX losses of SAR 4.5 million in 9M 2025, higher than the SAR 200,000 recorded last year, impacted by the appreciation of Euro versus SAR.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 798.70 816.10 2.2 %
Gross Income 116.64 124.10 6.4 %
Operating Income 38.40 36.40 (5.2 %)
Net Income 40.51 31.70 (21.7 %)
Average Shares 60.00 60.00 -
Earnings Per Share before unusual items (Riyal) 0.68 0.53 (21.7 %)
EPS (Riyal) 0.68 0.53 (21.7 %)

In Q3 2025, net profit stood at SAR 31.7 million, a 22% YoY decline from SAR 40.5 million.

 

On a sequential basis, however, net earnings grew 2.3% from SAR 30.99 million in Q2 2025.

 

Total shareholders’ equity (no minority interest) stood at SAR 1.05 billion by Sept. 30, 2025, compared to SAR 1.07 billion a year earlier.

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