Financial Results : First Mills profit up 10% at SAR 202.7M in 9M 2025; Q3 at SAR 71.7M

First Mills profit up 10% at SAR 202.7M in 9M 2025; Q3 at SAR 71.7M

28/10/2025 Argaam Exclusive

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First Milling Co. (First Mills) reported a net profit of SAR 202.7 million for the first nine months of 2025, an increase of 10% from SAR 184.5 million in the year-earlier period.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 780.01 807.63 3.5 %
Gross Income 337.48 350.02 3.7 %
Operating Income 236.08 248.98 5.5 %
Net Income 184.51 202.73 9.9 %
Average Shares 55.50 55.50 -
Earnings Per Share before unusual items (Riyals) 3.32 3.65 9.9 %
EPS (Riyal) 3.32 3.65 9.9 %

Revenues rose 3.5% year-on-year (YoY) to SAR 807.6 million in 9M 2025, due to a 4.2% YoY increase in the feed segment driven by higher demand and improved production efficiency and a 4.9% rise in flour sales supported by better utilization of operating capacity.

 

Performance was also supported by continued improvement in the product mix, focus on higher-margin categories, operational enhancements, and new initiatives.

 

As a result, gross profit increased by 3.7% to SAR 350 million, compared to SAR 337.5 million in the same period last year.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 261.21 286.27 9.6 %
Gross Income 111.54 124.06 11.2 %
Operating Income 77.84 88.09 13.2 %
Net Income 61.28 71.66 16.9 %
Average Shares 55.50 55.50 -
Earnings Per Share before unusual items (Riyal) 1.10 1.29 16.9 %
EPS (Riyal) 1.10 1.29 16.9 %

In Q3 2025, net earnings grew 17% to SAR 71.7 million, from SAR 61.3 million in Q3 2024.

 

On a sequential basis, net earnings rose 39.4% from SAR 51.4 million in Q2 2025.

 

Total shareholders’ equity, no minority interest, reached SAR 989.7 million by Sept. 30, 2025, compared to SAR 876.7 million in the year-earlier period.

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