Financial Results : Modern Mills Q1 profit edges up to SAR 65.6M

Modern Mills Q1 profit edges up to SAR 65.6M

30/04/2025 Argaam Exclusive

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Modern Mills for Food Products Co. (Modern Mills) posted a marginal rise in Q1 2025 net profit to SAR 65.6 million, from SAR 65 million in the year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 257.81 259.89 0.8 %
Gross Income 99.12 96.96 (2.2 %)
Operating Income 76.80 72.90 (5.1 %)
Net Income 64.98 65.64 1.0 %
Average Shares 81.83 81.83 -
Earnings Per Share before unusual items (Riyal) 0.79 0.80 1.0 %
EPS (Riyal) 0.79 0.80 1.0 %

Revenue surged due to increased bran supply for feed production and lower feed sales on lower raw material price. In addition, finance costs declined.

 

Sequentially, net profit grew 29.3% from SAR 50.78 million in Q4 2024, driven by higher gross margin, operational efficiencies and lower finance cost.

 

Shareholders’ equity, excluding minority interest, reached SAR 328.2 million as of March 31, 2025, compared to SAR 280.38 million a year earlier.

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