Financial Results : Nofoth Q1 2025 profit up 20% to SAR 20.2M

Nofoth Q1 2025 profit up 20% to SAR 20.2M

07/05/2025 Argaam Exclusive

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Nofoth Food Products Co. reported a net profit of SAR 20.2 million in Q1 2025, an increase of 20%, compared to SAR 16.9 million in Q1 2024.



Financials (M)

Item 3m 2024 3m 2025 Change‬
Revenues 95.22 114.30 20.0 %
Gross Income 59.28 73.27 23.6 %
Operating Income 16.73 20.25 21.1 %
Net Income 16.89 20.23 19.8 %
Average Shares 96.00 96.00 -
Earnings Per Share before unusual items (Riyals) 0.18 0.21 19.8 %
EPS (Riyal) 0.18 0.21 19.8 %

Net profit rose supported by higher revenue on expanded sales channels, a broader franchise network, new brand launches, and innovative high-value products, supported by improved production efficiency and resource management.

 

On a sequential basis, profit growth was driven by increased demand during seasonal periods, including Ramadan, alongside new product introductions and shifts in consumption patterns.

 

Total shareholders’ equity, no minority interest, stood at SAR 161.54 million as of March 31, 2025, compared to SAR 123.27 million a year earlier.

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