Financial Results : NADEC profit falls to SAR 393.4M in 2025; Q4 at SAR 64M

NADEC profit falls to SAR 393.4M in 2025; Q4 at SAR 64M

01/02/2026 Argaam Exclusive

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National Agricultural Development Co. (NADEC) reported a net profit of SAR 393.4 million for 2025, down from SAR 774.6 million a year earlier.



Financials (M)

Item 2024 2025 Change‬
Revenues 3,220.40 3,526.98 9.5 %
Gross Income 1,192.32 1,181.48 (0.9 %)
Operating Income 389.40 376.94 (3.2 %)
Net Income 774.63 393.35 (49.2 %)
Average Shares 301.64 301.64 -
Earnings Per Share before unusual items (Riyals) 1.39 1.22 (11.7 %)
EPS (Riyal) 2.57 1.30 (49.2 %)
The company recorded a non-recurring gain of SAR 356.51 million last year from its investment in Arabian Mills for Food Products Co.
 
The gain was recognized as part of the listing of 30% of Arabian Mills’ shares on the Main Market, under which NADEC and the other shareholders agreed to sell 30% of their respective stakes. As a result, NADEC recognized a realized gain of SAR 103.19 million from the sale, in addition to unrealized fair value gains of SAR 253.32 million during the year.
 
Moreover, NADEC attributed the decline to a 3.53% increase in cost of sales, driven by changes in product mix and higher production costs, as well as an 8.4% rise in selling and marketing expenses due to increased distribution costs.


Current Quarter Comparison (M)

Compared With The
Item Q4 2024 Q4 2025 Change‬
Revenues 781.67 841.46 7.6 %
Gross Income 280.72 250.91 (10.6 %)
Operating Income 94.04 62.26 (33.8 %)
Net Income 448.05 64.00 (85.7 %)
Average Shares 301.64 301.64 -
Earnings Per Share before unusual items (Riyal) 0.30 0.16 (47.4 %)
EPS (Riyal) 1.49 0.21 (85.7 %)
NADEC recognized a loss of SAR 4.76 million in 2025 from investment in a joint venture, against a profit of SAR 24.04 million a year earlier.
 
The fourth-quarter net profit fell 85.7% to SAR 64 million, from SAR 448.05 million in Q4 2024.

Shareholders’ equity, with no minority interest, rose to SAR 4.60 billion as of Dec. 31, 2025, from SAR 4.29 billion a year earlier.

 

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