Horizon Food Co. made a net profit of SAR 8.4 million in the first nine months of 2025, a rise of 20% from SAR 7 million in 2022.
| Item | 9m 2024 | 9m 2025 | Change |
|---|---|---|---|
| Revenues | 45.86 | 53.71 | 17.1 % |
| Gross Income | 14.91 | 17.88 | 19.9 % |
| Operating Income | 7.12 | 8.43 | 18.4 % |
| Net Income | 6.97 | 8.37 | 20.1 % |
| Average Shares | 8.00 | 8.00 | - |
| Earnings Per Share before unusual items (Riyals) | 0.87 | 1.05 | 20.1 % |
| EPS (Riyal) | 0.87 | 1.05 | 20.1 % |
The nine-month net earnings were driven by an increase in sales on higher sales volumes resulting from stronger demand for the company’s products, along with the expansion of marketing activities and improvements in operational efficiency.
These factors enhanced production capacity and boosted revenues, positively impacting profit margins. Strategic initiatives also contributed to improving the cost structure and strengthening resource management efficiency, which helped achieve solid financial results that reflect the company’s robust financial position and sustainable growth.
Shareholders’ equity, no minority interest, increased to SAR 120.53 million as of Sept. 31, 2025, from SAR 109.32 million a year earlier.
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