| Item | 2024 | 2025 | Change |
|---|---|---|---|
| Revenues | 2,563.48 | 2,653.50 | 3.5 % |
| Gross Income | 654.40 | 603.80 | (7.7 %) |
| Operating Income | 186.70 | 94.00 | (49.7 %) |
| Net Income | 95.82 | (18.80) | (119.6 %) |
| Average Shares | 20.00 | 20.00 | - |
| Earnings Per Share before unusual items (Riyals) | 4.79 | (0.94) | (119.6 %) |
| EPS (Riyal) | 4.79 | (0.94) | (119.6 %) |
The company cited continued market challenges, pricing pressures in fresh poultry, inflationary costs, higher financing expenses, and depreciation and ramp-up costs for new facilities, partially offset by increased production volumes and cost optimization.
Of the net loss, SAR 37 million came from the agribusiness segment, which includes fresh poultry, animal health, and feed products, while SAR 55.9 million loss stemmed from restaurant operations.
Meanwhile, revenues increased 3.5% year-on-year (YoY) in 2025 to SAR 2.65 billion, compared to SAR 2.56 billion a year before, supported by Tanmiah’s diversified business model and driven by strong performance in restaurant operations, which demonstrated a 41.8% YoY increase.
The agribusiness segment recorded 1.3% YoY revenue growth, primarily supported by the fresh poultry segment, which achieved a 12.4% increase in volume sold despite continued pressure on average selling price. This was partially offset by a decline in animal feed and health products to SAR 434.8 million.
| Item | Q4 2024 | Q4 2025 | Change |
|---|---|---|---|
| Revenues | 684.88 | 712.70 | 4.1 % |
| Gross Income | 178.43 | 144.80 | (18.8 %) |
| Operating Income | 56.30 | 5.70 | (89.9 %) |
| Net Income | 26.80 | (22.40) | (183.6 %) |
| Average Shares | 20.00 | 20.00 | - |
| Earnings Per Share before unusual items (Riyal) | 1.34 | (1.12) | (183.6 %) |
| EPS (Riyal) | 1.34 | (1.12) | (183.6 %) |
| Item | Q3 2025 | Q4 2025 | Change |
|---|---|---|---|
| Revenues | 614.17 | 712.70 | 16.0 % |
| Gross Income | 137.81 | 144.80 | 5.1 % |
| Operating Income | 16.60 | 5.70 | (65.7 %) |
| Net Income | (15.79) | (22.40) | (41.8 %) |
| Average Shares | 20.00 | 20.00 | - |
| Earnings Per Share before unusual items (Riyal) | (0.79) | (1.12) | (41.8 %) |
| EPS (Riyal) | (0.79) | (1.12) | (41.8 %) |
The company also swung to a loss of SAR 22.4 million in Q4 2025, from a net profit of SAR 26.8 million in the same period last year, mainly due to ongoing market challenges in fresh poultry, which were offset by a strong increase in production.
On a sequential basis, the company widened its loss from SAR 15.79 million in Q3 2025.
Total shareholders’ equity, after minority interest, stood at SAR 615.4 million by Dec. 31, 2025, compared to SAR 682 million a year earlier.
| Company | Estimated | Actual | Change |
|---|---|---|---|
| ACC | 47.93 | 55.44 | |
| TANMIAH | (27.50) | (22.40) | |
| TAMKEEN | 24.80 | 18.84 | |
| SULAIMAN ALHABIB | 614.93 | 651.16 | |
| ADVANCED | 32.10 | 0.87 | |
| SADAFCO | 96.30 | 49.08 | |
| SAL | 184.42 | 201.67 | |
| ZAIN KSA | 164.53 | 231.06 | |
| YANSAB | 39.37 | (53.31) | |
| AMERICANA | 187.10 | 314.00 |
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