Financial Results : Balady Q1 2025 profit declines 84% to SAR 6.7M

Balady Q1 2025 profit declines 84% to SAR 6.7M

08/05/2025 Argaam Exclusive

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Balady Poultry Co. reported an 84% decline in net profit to SAR 6.7 million for Q1 2025, from SAR 40.6 million a year earlier.



Financials (M)

Item 3m 2024 3m 2025 Change‬
Revenues 233.55 204.13 (12.6 %)
Gross Income 46.62 14.43 (69.1 %)
Operating Income 40.05 6.56 (83.6 %)
Net Income 40.61 6.66 (83.6 %)
Average Shares 6.57 6.57 -
Earnings Per Share before unusual items (Riyals) 6.18 1.01 (83.6 %)
EPS (Riyal) 6.18 1.01 (83.6 %)

Revenue dropped 12.59% YoY to SAR 204.13 million, driven by lower selling prices and a decline in production volume to 14.65 million birds, down from 15.21 million in the same quarter last year.

 

Production and raw material costs rose during the quarter, alongside higher general, administrative, selling, and marketing expenses.

 

Shareholders’ equity, no minority interest, stood at SAR 315.59 million by the end of the current period, compared to SAR 244.25 million in the year-earlier period.

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