Savola reports lowest net debt level on record: CEO

Savola Group's financial results in the last few years included several exceptional items that affected profits, noting that Savola’s core operating performance shows strong and stable growth, CEO Sameh Hassan told Al Arabiya.

 

Excluding exceptional items from the 2024 and 2025 results provides a clearer view of Savola's operating performance. On that basis, group net profit reached about SAR 539 million in 2025, compared with roughly SAR 296 million in 2024.

 

He added that the group’s financial position has strengthened following the distribution of its stake in Almarai and the rights issue, noting that Savola recorded the lowest net debt level in its history, which gives it greater opportunity to expand and invest going forward.

 

Hassan said that profitability was driven by the strategic transformation program launched by the group, which focused on three main pillars, most notably reassessing the geographic footprint of its food manufacturing business. He added that these steps helped fully restructure the food manufacturing segment in recent years to achieve more stable returns and reduce operational risks.

He also pointed to the improved performance of Panda Retail, which turned profitable after previously reporting losses and is now on a positive growth trajectory in both revenue and market share.

According to Argaam data, Savola Group posted a net profit of SAR 874.5 million in 2025, compared with SAR 9,974.3 million in the corresponding period of 2024. The fourth-quarter net profit reached SAR 194.1 million.