Financial Results : Development Works Food posts SAR 1.6M profit in 9M 2025, SAR 945,000 loss in Q3

Development Works Food posts SAR 1.6M profit in 9M 2025, SAR 945,000 loss in Q3

04/11/2025 Argaam Exclusive

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Development Works Food Co. reported a net profit of SAR 1.6 million (before minority interest) for the first nine months of 2025, compared to SAR 1.7 million in the year-earlier period.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 75.55 82.33 9.0 %
Gross Income 6.38 7.75 21.4 %
Operating Income 3.75 3.57 (4.9 %)
Net Income 1.73 1.56 (9.8 %)
Average Shares 3.00 3.00 -
Earnings Per Share before unusual items (Riyals) 0.58 0.52 (9.8 %)
EPS (Riyal) 0.58 0.52 (9.8 %)

The decline in profit was mainly attributed to pre-operating expenses for new “Beef Shots” branches, along with higher general and administrative (G&A) expenses, which impacted net earnings during the period.

 

This was partially offset by higher revenues, driven by strong sales growth from the “Juice Time” and “Beef Shots” brands, as well as improved performance of the “Quiznos” brand.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 25.49 26.41 3.6 %
Gross Income 1.88 1.07 (43.3 %)
Operating Income 0.36 (0.32) (187.2 %)
Net Income (0.47) (0.95) (102.3 %)
Average Shares 3.00 3.00 -
Earnings Per Share before unusual items (Riyal) (0.16) (0.32) (102.3 %)
EPS (Riyal) (0.16) (0.32) (102.3 %)

The third quarter net loss reached SAR 950,000, compared to a net loss of SAR 470,000 in Q3 2024.

 

Sequentially, the company swung to a loss from net earnings of SAR 1.09 million in Q2 2025.

 

Total shareholders’ equity, no minority interest, rose to SAR 20.04 million at the end of Sept. 30, 2025, from SAR 22.59 million in the year-earlier period.

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