Financial Results : Tanmiah 9M 2025 profit slumps 95% to SAR 3.6M; Q3 loss at SAR 15.8M

Tanmiah 9M 2025 profit slumps 95% to SAR 3.6M; Q3 loss at SAR 15.8M

09/11/2025 Argaam Exclusive

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Tanmiah Food Co.’s net profit declined 95% to SAR 3.6 million in the first nine months of 2025, from SAR 69.1 million in the prior-year period.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 1,878.60 1,940.80 3.3 %
Gross Income 475.97 459.10 (3.5 %)
Operating Income 130.40 88.40 (32.2 %)
Net Income 69.09 3.60 (94.8 %)
Average Shares 20.00 20.00 -
Earnings Per Share before unusual items (Riyals) 3.45 0.18 (94.8 %)
EPS (Riyal) 3.45 0.18 (94.8 %)

The profit decline was mainly due to ongoing market challenges resulting in continued pricing pressures in fresh poultry, inflationary cost pressures, higher financing expenses, and new facilities ramp up costs, partially offset by cost optimization initiatives.

 

This was in spite of 3.3% revenues increase in 9M 2025 to SAR 1.94 billion, compared to SAR 1.87 billion in 9M 2024, supported by Tanmiah’s diversified business model and driven by strong performance in restaurant operations and growth in animal feed and health products segment, despite ongoing market headwinds and pricing pressures in fresh poultry.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 657.44 614.20 (6.6 %)
Gross Income 167.44 137.80 (17.7 %)
Operating Income 48.10 16.60 (65.5 %)
Net Income 24.12 (15.80) (165.5 %)
Average Shares 20.00 20.00 -
Earnings Per Share before unusual items (Riyal) 1.21 (0.79) (165.5 %)
EPS (Riyal) 1.21 (0.79) (165.5 %)

During Q3 2025, the company turned to a loss of SAR 15.8 million, against a profit of SAR 24.12 million in Q3 2024.

 

On quarterly basis, Tanmiah flipped to losses versus a profit of SAR 0.5 million in Q2 2025.

 

Total shareholders’ equity, excluding minority interest, dropped to SAR 640.8 million as of Sept. 30, 2025, from SAR 649.9 million in the year-earlier period.

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