Financial Results : Development Works Food swings to net loss of SAR 5.2M in 2025, SAR 6.9M in Q4

Development Works Food swings to net loss of SAR 5.2M in 2025, SAR 6.9M in Q4

16/03/2026 Argaam Exclusive

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Development Works Food Co. reported a net loss of SAR 5.2 million (after deducting minority interest) in 2025, compared to SAR 1.3 million in net profit a year earlier.



Financials (M)

Item 2024 2025 Change‬
Revenues 97.36 104.21 7.0 %
Gross Income 6.41 6.02 (6.1 %)
Operating Income 2.56 (2.61) (201.8 %)
Net Income 1.30 (5.16) (497.1 %)
Average Shares 3.00 3.00 -
Earnings Per Share before unusual items (Riyals) (0.12) (1.72) (1,392.6 %)
EPS (Riyal) 0.43 (1.72) (497.1 %)

Net losses (before minority interest) amounted to SAR 5.6 million by the end of 2025, compared to a net profit of SAR 1.3 million a year ago.

 

The losses were mainly due to setting aside provisions for certain receivables, pre-operating costs for new BeefShots branch openings, and higher general and administrative expenses, all of which weighed heavily on the company’s 2025 financials.

 

Meanwhile, the full-year revenues rose due to increased sales of the Juice Time and the BeefShots brands, as well as improved sales of the Quiznos brand.

 

The fourth-quarter net loss widened to SAR 6.93 million, from SAR 1.31 million and SAR 740,000 in Q4 2024 and Q3 2025, respectively.



Current Quarter Comparison (M)

Compared With The
Item Q4 2024 Q4 2025 Change‬
Revenues 20.70 21.88 5.7 %
Gross Income (2.07) (1.73) 16.7 %
Operating Income (1.19) (6.18) (418.5 %)
Net Income (1.31) (6.93) (429.6 %)
Average Shares 3.00 3.00 -
Earnings Per Share before unusual items (Riyal) (0.98) (2.31) (134.6 %)
EPS (Riyal) (0.44) (2.31) (429.6 %)

Total shareholders’ equity, after minority interest, shrank to SAR 17.05 million at the end of Dec. 31, 2025, from SAR 22.27 million in the year before.

 

By 2025-end, accumulated losses reached SAR 12.56 million, making up 41.9% of capital.

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