Financial Results : Mayar turns to SAR 12M loss in H1 2025

Mayar turns to SAR 12M loss in H1 2025

21/08/2025 Argaam Exclusive

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Mayar Holding Co. swung to a net loss of SAR 12 million (after minority interest) in the first half of 2025 against a net profit of SAR 5.8 million in H1 2024.



Current Half Annual Comparison (M)

Compared With The
Item H1 2024 H1 2025 Change‬
Revenues 205.05 187.62 (8.5 %)
Net Income 5.75 (12.33) (314.4 %)
Average Shares 120.00 120.00 -
Earnings Per Share before unusual items (Halala) 4.79 (10.28) (314.4 %)
EPS (Halala) 4.79 (10.28) (314.4 %)

The company ascribed these losses to an 8.5% year-on-year (YoY) decline in revenues, which is mainly attributable to lower sales of the feed sector during the period.

 

This came despite a 10% increase YoY in elevator segment sales, as well as a 35% increase YoY in poultry sales.

 

Furthermore, the company saw a decline in profit margins for most product groups within the feed and poultry segment, driven by market price pressures, higher production costs, and increased operating expenses.

 

Shareholders’ equity, after minority interest, amounted to SAR 28.79 million as of June 30, 2025, from SAR 26.74 million a year earlier.

 

Accumulated losses reached SAR 11.15 million by the end of the six-month period, representing 18.58% of the company’s capital.

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