Fourth Milling Co. (MC4) generated a net profit of SAR 86.7 million for the first half of 2025, a rise of 6% from SAR 81.8 million in the year-earlier period.
Item | 6m 2024 | 6m 2025 | Change |
---|---|---|---|
Revenues | 302.36 | 310.75 | 2.8 % |
Gross Income | 136.57 | 144.34 | 5.7 % |
Operating Income | 91.94 | 91.92 | 0.0 % |
Net Income | 81.76 | 86.75 | 6.1 % |
Average Shares | 540.00 | 540.00 | - |
Earnings Per Share before unusual items (Riyals) | 0.15 | 0.16 | 6.1 % |
EPS (Riyal) | 0.15 | 0.16 | 6.1 % |
MC4 cited a 2.8% year-on-year (YoY) increase in revenues, primarily due to growth in the various categories of flour products, which grew by 5.2%, or SAR 10.2 million, driven mainly by higher demand for flour.
Deferred taxes also decreased by SAR 2.9 million. The Saudi mill reported a rise of SAR 2 million in income from Shariah-compliant investment deposits.
However, this was offset by an increase of SAR 5.3 million in selling and distribution expenses, as transport as well as general and administrative expenses appreciated by SAR 4.1 million.
The second-quarter net earnings rose 3% to SAR 34.1 million, from SAR 33.1 million in Q2 2024, thanks to a 2.8% YoY rise in revenues.
Meanwhile, net earnings fell by 35.4% from SAR 52.7 million in Q1 2025 as revenues fell by 17.4% quarter-on-quarter due to seasonal factors.
Item | Q2 2024 | Q2 2025 | Change |
---|---|---|---|
Revenues | 136.80 | 140.60 | 2.8 % |
Gross Income | 57.16 | 62.36 | 9.1 % |
Operating Income | 37.40 | 37.70 | 0.8 % |
Net Income | 33.15 | 34.05 | 2.7 % |
Average Shares | 540.00 | 540.00 | - |
Earnings Per Share before unusual items (Riyal) | 0.06 | 0.06 | 2.7 % |
EPS (Riyal) | 0.06 | 0.06 | 2.7 % |
Item | Q1 2025 | Q2 2025 | Change |
---|---|---|---|
Revenues | 170.14 | 140.60 | (17.4 %) |
Gross Income | 81.98 | 62.36 | (23.9 %) |
Operating Income | 54.22 | 37.70 | (30.5 %) |
Net Income | 52.70 | 34.05 | (35.4 %) |
Average Shares | 540.00 | 540.00 | - |
Earnings Per Share before unusual items (Riyal) | 0.10 | 0.06 | (35.4 %) |
EPS (Riyal) | 0.10 | 0.06 | (35.4 %) |
Shareholders’ equity, no minority interest, stood at SAR 740.71 million as of June 30, 2025, up from SAR 683.74 million a year earlier.
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