Financial Results : Tanmiah Food Q1 2025 profit down 10% to SAR 18.9M

Tanmiah Food Q1 2025 profit down 10% to SAR 18.9M

15/05/2025 Argaam Exclusive

View other reports

Tanmiah Food Co. reported a net profit of SAR 18.9 million in Q1 2025, down 10% from SAR 21 million in the year-ago period



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 581.36 677.12 16.5 %
Gross Income 144.46 168.37 16.5 %
Operating Income 35.50 43.60 22.8 %
Net Income 20.96 18.89 (9.8 %)
Average Shares 20.00 20.00 -
Earnings Per Share before unusual items (Riyal) 1.05 0.94 (9.8 %)
EPS (Riyal) 1.05 0.94 (9.8 %)

The profit decline is attributable to higher diesel prices, which weighed on all business segments. This was in addition to market pressures on the fresh poultry segment, which took a toll on selling prices.

 

The company also cited a rise in the first-quarter finance costs as it utilized project facilities to support its capacity expansion.

 

However, revenues grew 16.5% year-on-year (YoY) in Q1 2025, driven by the continued growth in the fresh poultry segment’s sales. Gross profit also rose 16.5% YoY amid higher sales volumes across the company's business segments.

 

Sequentially, Tanmiah’s three-month earnings retreated 29.3% from SAR 26.73 million in Q4 2024, given the soaring diesel prices and operating expenses on capacity expansion.

 

Shareholders' equity, excluding minority interest, at the end of Q1 2025 amounted to SAR 700.9 million, compared to SAR 639.8 million a year earlier.

Attached documents

 

 

View More Financial Results

 

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.