Financial Results : Almunajem Q1 2025 profit drops 65% to SAR 40M

Almunajem Q1 2025 profit drops 65% to SAR 40M

11/05/2025 Argaam Exclusive

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Almunajem Foods Co. reported a net profit of SAR 40 million for Q1 2025, falling 65% from SAR 114 million in the prior-year period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 902.95 901.49 (0.2 %)
Gross Income 195.76 133.33 (31.9 %)
Operating Income 116.83 48.95 (58.1 %)
Net Income 114.00 40.03 (64.9 %)
Average Shares 60.00 60.00 -
Earnings Per Share before unusual items (Riyal) 1.90 0.67 (64.9 %)
EPS (Riyal) 1.90 0.67 (64.9 %)

Revenues fell 0.2% year-on-year (YoY) to SAR 901.5 million, mainly attributable to lower selling prices of the red & white meat category despite the increase in sales volumes across most categories.

 

Gross profit dropped 31.9% YoY to SAR 133.3 million, as a result of a decrease in gross profit margins for most of the categories, mainly red & white meat.

 

The company also cited a slight increase in operating expenses during Q1 2025 due to a rise in selling & distribution expenses and higher marketing expenses related to the Ramadan season.

 

Compared to the previous quarter, Q1 net earnings fell by 33.7% from SAR 60.30 million, mainly due to higher operating expenses.

 

Shareholders’ equity, no minority interest, rose to SAR 1.05 billion as of March 31, 2025, from SAR 1.04 billion a year earlier.

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