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.
| 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.
| 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 % |
| Item | Q2 2025 | Q3 2025 | Change |
|---|---|---|---|
| Revenues | 237.77 | 286.27 | 20.4 % |
| Gross Income | 102.72 | 124.06 | 20.8 % |
| Operating Income | 66.22 | 88.09 | 33.0 % |
| Net Income | 51.41 | 71.66 | 39.4 % |
| Average Shares | 55.50 | 55.50 | - |
| Earnings Per Share before unusual items (Riyal) | 0.93 | 1.29 | 39.4 % |
| EPS (Riyal) | 0.93 | 1.29 | 39.4 % |
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.
| Company | Estimated | Actual | Change |
|---|---|---|---|
| CITY CEMENT | 29.43 | 8.75 | |
| SOLUTIONS | 452.24 | 417.00 | |
| AMAK | 83.00 | 81.37 | |
| ASTRA INDUSTRIAL | 158.25 | 167.44 | |
| MIAHONA | 6.00 | 4.56 | |
| LEEJAM SPORTS | 106.35 | 81.00 | |
| FIRST MILLS | 68.05 | 71.66 | |
| TAIBA | 58.00 | 60.40 | |
| SAUDI KAYAN | (409.28) | (336.25) | |
| ACC | 20.43 | 65.50 |
| Company | Estimated | Actual | Change |
|---|---|---|---|
| CITY CEMENT | 29.43 | 8.75 | |
| SOLUTIONS | 452.24 | 417.00 | |
| AMAK | 83.00 | 81.37 | |
| ASTRA INDUSTRIAL | 158.25 | 167.44 | |
| MIAHONA | 6.00 | 4.56 | |
| LEEJAM SPORTS | 106.35 | 81.00 | |
| FIRST MILLS | 68.05 | 71.66 | |
| TAIBA | 58.00 | 60.40 | |
| SAUDI KAYAN | (409.28) | (442.25) | |
| ACC | 20.43 | 65.50 |
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