Saudia Dairy and Foodstuff Co. (SADAFCO) reported a net profit increase of 9.4% to SAR 428.3 million for the first nine months of 2025, compared to SAR 391.5 million in the year-ago period.
| Item | 9m 2024 | 9m 2025 | Change | 
|---|---|---|---|
| Revenues | 2,229.67 | 2,370.48 | 6.3 % | 
| Gross Income | 800.62 | 776.46 | (3.0 %) | 
| Operating Income | 381.81 | 424.59 | 11.2 % | 
| Net Income | 391.54 | 428.31 | 9.4 % | 
| Average Shares | 32.50 | 32.50 | - | 
| Earnings Per Share before unusual items (Riyals) | 12.05 | 9.87 | (18.0 %) | 
| EPS (Riyal) | 12.05 | 13.18 | 9.4 % | 
The nine-month gross margin fell to 32.8% from 35.9% last year, a marginal decline despite higher key raw material costs and inflationary trends. Selling and distribution expenses accounted for 15.7% of net sales, up from 15.1% last year, driven mainly by strategic, yet discretionary, advertising and promotion (A&P) expansion initiatives.
| Item | Q3 2024 | Q3 2025 | Change | 
|---|---|---|---|
| Revenues | 789.62 | 806.54 | 2.1 % | 
| Gross Income | 275.91 | 225.19 | (18.4 %) | 
| Operating Income | 129.33 | 183.51 | 41.9 % | 
| Net Income | 137.50 | 184.53 | 34.2 % | 
| Average Shares | 32.50 | 32.50 | - | 
| Earnings Per Share before unusual items (Riyal) | 4.23 | 2.37 | (43.9 %) | 
| EPS (Riyal) | 4.23 | 5.68 | 34.2 % | 
| Item | Q2 2025 | Q3 2025 | Change | 
|---|---|---|---|
| Revenues | 785.36 | 806.54 | 2.7 % | 
| Gross Income | 271.41 | 225.19 | (17.0 %) | 
| Operating Income | 117.81 | 183.51 | 55.8 % | 
| Net Income | 117.66 | 184.53 | 56.8 % | 
| Average Shares | 32.50 | 32.50 | - | 
| Earnings Per Share before unusual items (Riyal) | 3.62 | 2.37 | (34.4 %) | 
| EPS (Riyal) | 3.62 | 5.68 | 56.8 % | 
The third-quarter net profit grew 34.2% to SAR 184.5 million, from SAR 137.5 million in Q3 2024.
Gross margin in Q3 2025 reached 32.8%, down from 35.9% a year ago, driven by higher key raw material costs, general inflationary trend, and a product mix shift, particularly a reduction in ice cream sales.
Selling and distribution expenses accounted for 14.5% of net sales, down from 14.9% last year. Additionally, general and administrative expenses (G&A) accounted for 3.9% of sales, a marginal increase from last year. Net finance income decreased by SAR 4.5 million owing to higher dividend payout. Other operating income increased mainly due to a one-off gain of SAR 107.4 million on the sale of property in Riyadh.
Sequentially, the three-month bottom line jumped 56.8% from SAR 117.66 million in Q2 2025.
Shareholders’ equity, excluding minority interest, fell to SAR 1.69 billion by the end of Sept. 30, 2025, compared to SAR 1.71 billion in the year-earlier period.
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