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

16/03/2026 Argaam Exclusive

View other reports

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	104.22	7.0 %
Gross Income	6.41	6.02	(6.1 %)
Operating Income	(1.38)	(4.25)	(207.0 %)
Net Income	1.30	(5.17)	(497.9 %)
Average Shares	3.00	3.00	-
Earnings Per Share before unusual items (Riyals)	(0.12)	(0.80)	(597.2 %)
EPS (Riyal)	0.43	(1.72)	(497.9 %)

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	21.81	21.88	0.3 %
Gross Income	0.03	(1.73)	(5330.3 %)
Operating Income	(2.00)	(4.48)	(124.4 %)
Net Income	(0.37)	(6.94)	(1,774.6 %)
Average Shares	3.00	3.00	-
Earnings Per Share before unusual items (Riyal)	(0.67)	(1.39)	(107.4 %)
EPS (Riyal)	(0.12)	(2.31)	(1,774.6 %)

Item	Q3 2025	Q4 2025	Change‬
Revenues	26.41	21.88	(17.1 %)
Gross Income	1.07	(1.73)	(261.6 %)
Operating Income	(1.43)	(4.48)	(214.2 %)
Net Income	(0.74)	(6.94)	(840.1 %)
Average Shares	3.00	3.00	-
Earnings Per Share before unusual items (Riyal)	(0.25)	(1.39)	(466.3 %)
EPS (Riyal)	(0.25)	(2.31)	(840.1 %)

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.

View More Financial Results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2016	8.00	-	3.55	-	0.83	-
Q2 2016	10.18	-	5.22	-	1.65	-
Q3 2016	11.55	-	6.00	-	1.71	-
Q4 2016	5.19	-	(6.82)	-	(6.82)	-
2016	34.93	0.8 %	7.96	(46.3 %)	5.33	(5.6 %)
Q1 2017	13.47	68.3 %	6.37	79.3 %	1.09	31.2 %
Q2 2017	20.46	101.1 %	4.54	(13.0 %)	2.79	68.7 %
Q3 2017	20.04	73.5 %	3.76	(37.4 %)	2.24	31.5 %
Q4 2017	28.43	447.7 %	4.20	161.6 %	1.68	124.6 %
2017	82.41	135.9 %	14.74	85.2 %	7.88	47.9 %
Q1 2018	22.70	68.5 %	3.27	(48.7 %)	1.36	25.1 %
Q2 2018	31.16	52.3 %	4.56	0.4 %	2.86	2.5 %
Q3 2018	28.69	43.1 %	4.87	29.6 %	2.47	10.2 %
Q4 2018	26.11	(8.1 %)	2.20	(47.7 %)	(1.00)	(159.7 %)
2018	108.66	31.9 %	14.94	1.3 %	5.69	(27.8 %)
Q1 2019	30.76	35.5 %	4.73	44.7 %	1.11	(18.5 %)
Q2 2019	39.94	28.2 %	6.70	46.8 %	2.26	(21.0 %)
Q3 2019	37.07	29.2 %	5.39	10.7 %	2.40	(3.2 %)
Q4 2019	-	-	-	-	3.89	487.7 %
2019	96.27	(11.4 %)	19.45	30.2 %	9.65	69.5 %
Q1 2020	26.26	(14.6 %)	(2.11)	(144.7 %)	(3.97)	(458.4 %)
Q2 2020	22.42	(43.9 %)	(0.49)	(107.2 %)	(2.17)	(196.0 %)
Q3 2020	29.68	(19.9 %)	3.60	(33.2 %)	1.53	(36.3 %)
Q4 2020	16.15	-	1.62	-	(0.74)	(119.1 %)
2020	94.50	(1.8 %)	2.62	(86.5 %)	(5.35)	(155.5 %)
Q1 2021	19.81	(24.6 %)	2.30	208.8 %	(0.86)	78.2 %
Q2 2021	24.61	9.7 %	6.03	1344.1 %	2.56	218.3 %
Q3 2021	33.16	11.8 %	3.77	4.8 %	0.28	(81.4 %)
Q4 2021	23.28	44.2 %	(2.62)	(261.9 %)	(2.21)	(198.8 %)
2021	100.86	6.7 %	9.49	261.9 %	(0.23)	95.7 %
Q1 2022	20.22	2.1 %	(0.76)	(133.2 %)	(3.60)	(317.0 %)
Q2 2022	33.81	37.4 %	5.99	(0.8 %)	3.18	24.0 %
Q3 2022	24.74	(25.4 %)	2.56	(32.1 %)	(0.25)	(188.7 %)
Q4 2022	19.88	(14.6 %)	(3.40)	(29.7 %)	(5.93)	(167.8 %)
2022	98.65	(2.2 %)	4.39	(53.7 %)	(6.61)	(2,759.7 %)
Q1 2023	19.70	(2.6 %)	(0.72)	5.4 %	(3.42)	5.1 %
Q2 2023	27.18	(19.6 %)	3.02	(49.5 %)	0.45	(85.9 %)
Q3 2023	23.86	(3.6 %)	1.46	(43.1 %)	(1.02)	(304.2 %)
Q4 2023	18.38	(7.6 %)	(1.09)	67.9 %	(2.65)	55.3 %
2023	89.11	(9.7 %)	2.67	(39.2 %)	(6.64)	(0.5 %)
Q1 2024	23.88	21.2 %	1.79	347.3 %	0.10	102.9 %
Q2 2024	26.18	(3.7 %)	2.71	(10.4 %)	0.92	106.1 %
Q3 2024	25.49	6.8 %	1.88	29.0 %	(0.41)	60.0 %
Q4 2024	21.81	18.7 %	0.03	103.0 %	(2.00)	24.6 %
2024	97.36	9.3 %	6.41	140.2 %	(1.38)	79.2 %
Q1 2025	27.25	14.1 %	3.39	89.8 %	0.73	637.8 %
Q2 2025	28.66	9.5 %	3.28	21.2 %	0.94	1.5 %
Q3 2025	26.41	3.6 %	1.07	(43.3 %)	(1.43)	(250.0 %)
Q4 2025	21.88	0.3 %	(1.73)	(5330.3 %)	(4.48)	(124.4 %)
2025	104.22	7.0 %	6.02	(6.1 %)	(4.25)	(207.0 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2016	34.93	0.8 %	7.96	(46.3 %)	5.33	(5.6 %)
2017	82.41	135.9 %	14.74	85.2 %	7.88	47.9 %
2018	108.66	31.9 %	14.94	1.3 %	5.69	(27.8 %)
2019	96.27	(11.4 %)	19.45	30.2 %	9.65	69.5 %
2020	94.50	(1.8 %)	2.62	(86.5 %)	(5.35)	(155.5 %)
2021	100.86	6.7 %	9.49	261.9 %	(0.23)	95.7 %
2022	98.65	(2.2 %)	4.39	(53.7 %)	(6.61)	(2,759.7 %)
2023	89.11	(9.7 %)	2.67	(39.2 %)	(6.64)	(0.5 %)
2024	97.36	9.3 %	6.41	140.2 %	(1.38)	79.2 %
2025	104.22	7.0 %	6.02	(6.1 %)	(4.25)	(207.0 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS(Riyal)
Q1 2016	0.84	-	0.28	-	0.84	0.28
Q2 2016	1.60	-	0.53	-	1.60	0.53
Q3 2016	1.76	-	0.59	-	1.76	0.59
Q4 2016	(6.86)	-	(2.29)	-	(6.86)	(2.29)
2016	5.30	(8.3 %)	1.77	-	5.30	1.77
Q1 2017	1.04	23.7 %	0.35	-	1.04	0.35
Q2 2017	2.63	64.4 %	0.88	-	2.63	0.88
Q3 2017	2.25	27.6 %	0.75	-	2.25	0.75
Q4 2017	1.97	128.7 %	0.66	-	1.97	0.66
2017	7.89	48.7 %	2.63	-	7.89	2.63
Q1 2018	1.34	28.4 %	0.45	-	1.34	0.45
Q2 2018	2.69	2.4 %	0.90	-	2.69	0.90
Q3 2018	2.31	2.9 %	0.77	-	2.31	0.77
Q4 2018	1.40	(28.8 %)	0.47	-	1.40	0.47
2018	7.74	(1.9 %)	2.58	-	7.74	2.58
Q1 2019	1.46	8.8 %	0.49	-	1.46	0.49
Q2 2019	2.24	(16.6 %)	0.75	-	2.24	0.75
Q3 2019	2.47	6.7 %	0.82	-	2.47	0.82
Q4 2019	2.47	75.6 %	0.82	-	2.47	0.82
2019	8.63	11.5 %	2.88	-	8.63	2.88
Q1 2020	(3.92)	(369.3 %)	(1.31)	-	(3.92)	(1.31)
Q2 2020	(2.09)	(193.2 %)	(0.70)	-	(2.09)	(0.70)
Q3 2020	0.66	(73.2 %)	0.22	-	0.66	0.22
Q4 2020	(3.05)	(223.6 %)	(1.02)	(5.18)	2.13	0.71
2020	(8.40)	(197.3 %)	(2.80)	(5.18)	(3.22)	(1.07)
Q1 2021	0.12	103.0 %	0.04	-	0.12	0.04
Q2 2021	2.55	221.8 %	0.85	-	2.55	0.85
Q3 2021	0.77	16.5 %	0.26	-	0.77	0.26
Q4 2021	(1.09)	64.3 %	(0.36)	-	(1.09)	(0.36)
2021	2.35	128.0 %	0.78	-	2.35	0.78
Q1 2022	(2.29)	(2042.4 %)	(0.76)	-	(2.29)	(0.76)
Q2 2022	3.04	19.4 %	1.01	-	3.04	1.01
Q3 2022	0.44	(42.5 %)	0.15	-	0.44	0.15
Q4 2022	(4.41)	(306.4 %)	(1.47)	-	(4.41)	(1.47)
2022	(3.22)	(237.2 %)	(1.07)	-	(3.22)	(1.07)
Q1 2023	(2.73)	(19.2 %)	(0.91)	-	(2.73)	(0.91)
Q2 2023	0.32	(89.6 %)	0.11	-	0.32	0.11
Q3 2023	0.53	20.7 %	0.18	-	0.53	0.18
Q4 2023	(3.29)	25.5 %	(1.10)	-	(3.29)	(1.10)
2023	(5.17)	(60.4 %)	(1.72)	-	(5.17)	(1.72)
Q1 2024	0.69	125.3 %	0.23	-	0.69	0.23
Q2 2024	1.42	350.8 %	0.47	-	1.42	0.47
Q3 2024	(0.44)	(182.8 %)	(0.15)	-	(0.44)	(0.15)
Q4 2024	(0.37)	88.7 %	(0.12)	1.65	(2.02)	(0.67)
2024	1.30	125.1 %	0.43	1.65	(0.35)	(0.12)
Q1 2025	1.42	105.3 %	0.47	-	1.42	0.47
Q2 2025	1.09	(23.4 %)	0.36	-	1.09	0.36
Q3 2025	(0.74)	(66.6 %)	(0.25)	-	(0.74)	(0.25)
Q4 2025	(6.94)	(1,774.6 %)	(2.31)	(2.76)	(4.18)	(1.39)
2025	(5.17)	(497.9 %)	(1.72)	(2.76)	(2.41)	(0.80)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS(Riyal)
2016	5.30	(8.3 %)	1.77	-	5.30	1.77
2017	7.89	48.7 %	2.63	-	7.89	2.63
2018	7.74	(1.9 %)	2.58	-	7.74	2.58
2019	8.63	11.5 %	2.88	-	8.63	2.88
2020	(8.40)	(197.3 %)	(2.80)	(5.18)	(3.22)	(1.07)
2021	2.35	128.0 %	0.78	-	2.35	0.78
2022	(3.22)	(237.2 %)	(1.07)	-	(3.22)	(1.07)
2023	(5.17)	(60.4 %)	(1.72)	-	(5.17)	(1.72)
2024	1.30	125.1 %	0.43	1.65	(0.35)	(0.12)
2025	(5.17)	(497.9 %)	(1.72)	(2.76)	(2.41)	(0.80)

Profitability

Period	Gross Margin	Adjusted EBITDA margin	Net Margin Before Unusual Items
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	22.79 %	(2.71 %)	(7.62 %)
2016	22.79 %	20.09 %	15.18 %
Q1 2017	26.68 %	(1.46 %)	(6.09 %)
Q2 2017	19.92 %	1.37 %	(2.82 %)
Q3 2017	13.26 %	2.51 %	(1.60 %)
Q4 2017	22.90 %	13.73 %	9.57 %
2017	17.89 %	13.84 %	9.57 %
Q1 2018	17.21 %	13.38 %	8.93 %
Q2 2018	15.43 %	12.63 %	8.06 %
Q3 2018	15.23 %	12.41 %	7.49 %
Q4 2018	13.71 %	10.99 %	7.12 %
2018	13.75 %	10.99 %	7.12 %
Q1 2019	14.01 %	10.44 %	6.73 %
Q2 2019	14.74 %	9.82 %	5.91 %
Q3 2019	14.20 %	9.66 %	5.65 %
Q4 2019	-	-	-
2019	20.20 %	32.49 %	8.96 %
Q1 2020	-	-	-
Q2 2020	-	-	-
Q3 2020	-	-	-
Q4 2020	2.77 %	19.73 %	(3.41 %)
2020	2.77 %	19.73 %	(3.41 %)
Q1 2021	7.99 %	24.51 %	0.93 %
Q2 2021	15.02 %	35.22 %	6.05 %
Q3 2021	14.64 %	27.47 %	5.94 %
Q4 2021	9.40 %	21.89 %	2.33 %
2021	9.40 %	21.89 %	2.33 %
Q1 2022	6.34 %	22.19 %	(0.06 %)
Q2 2022	5.77 %	18.27 %	0.39 %
Q3 2022	5.06 %	19.65 %	0.10 %
Q4 2022	4.45 %	16.91 %	(3.27 %)
2022	4.45 %	16.91 %	(3.27 %)
Q1 2023	4.52 %	17.25 %	(3.73 %)
Q2 2023	1.60 %	15.47 %	(6.98 %)
Q3 2023	0.40 %	12.77 %	(6.95 %)
Q4 2023	3.00 %	13.55 %	(5.80 %)
2023	3.00 %	13.55 %	(5.80 %)
Q1 2024	5.55 %	15.63 %	(1.87 %)
Q2 2024	5.27 %	15.28 %	(0.69 %)
Q3 2024	5.63 %	16.25 %	(1.72 %)
Q4 2024	6.59 %	18.00 %	(0.36 %)
2024	6.59 %	18.00 %	(0.36 %)
Q1 2025	7.96 %	17.83 %	0.38 %
Q2 2025	8.33 %	17.36 %	0.05 %
Q3 2025	7.47 %	16.39 %	(0.24 %)
Q4 2025	5.78 %	14.21 %	(2.31 %)
2025	5.78 %	14.21 %	(2.31 %)

Period	Gross Margin	Adjusted EBITDA margin	Net Margin Before Unusual Items
2016	22.79 %	20.09 %	15.18 %
2017	17.89 %	13.84 %	9.57 %
2018	13.75 %	10.99 %	7.12 %
2019	20.20 %	32.49 %	8.96 %
2020	2.77 %	19.73 %	(3.41 %)
2021	9.40 %	21.89 %	2.33 %
2022	4.45 %	16.91 %	(3.27 %)
2023	3.00 %	13.55 %	(5.80 %)
2024	6.59 %	18.00 %	(0.36 %)
2025	5.78 %	14.21 %	(2.31 %)

Period	Gross Margin	Adjusted EBITDA margin	Net Margin Before Unusual Items
Q1 2016	44.39 %	16.45 %	10.53 %
Q2 2016	51.32 %	22.31 %	15.70 %
Q3 2016	51.95 %	19.78 %	15.22 %
Q4 2016	(131.41 %)	(131.41 %)	(132.18 %)
Q1 2017	47.29 %	12.45 %	7.74 %
Q2 2017	22.20 %	17.35 %	12.84 %
Q3 2017	18.73 %	15.34 %	11.20 %
Q4 2017	14.79 %	10.60 %	6.94 %
Q1 2018	14.40 %	11.56 %	5.90 %
Q2 2018	14.64 %	13.54 %	8.63 %
Q3 2018	16.97 %	13.65 %	8.05 %
Q4 2018	8.41 %	4.54 %	5.38 %
Q1 2019	15.38 %	9.31 %	4.74 %
Q2 2019	16.77 %	10.91 %	5.62 %
Q3 2019	14.54 %	12.20 %	6.65 %
Q4 2019	-	-	-
Q1 2020	(8.04 %)	(4.67 %)	(14.94 %)
Q2 2020	(2.16 %)	4.43 %	(9.33 %)
Q3 2020	12.13 %	40.09 %	2.23 %
Q4 2020	10.02 %	43.26 %	13.20 %
Q1 2021	11.60 %	8.60 %	0.60 %
Q2 2021	24.52 %	45.50 %	10.35 %
Q3 2021	11.37 %	17.69 %	2.32 %
Q4 2021	(11.25 %)	14.21 %	(4.66 %)
Q1 2022	(3.78 %)	10.41 %	(11.33 %)
Q2 2022	17.71 %	26.35 %	8.99 %
Q3 2022	10.36 %	23.16 %	1.79 %
Q4 2022	(17.09 %)	(0.33 %)	(22.21 %)
Q1 2023	(3.67 %)	11.97 %	(13.86 %)
Q2 2023	11.13 %	22.57 %	1.16 %
Q3 2023	6.12 %	13.20 %	2.24 %
Q4 2023	(5.93 %)	2.34 %	(17.89 %)
Q1 2024	7.49 %	20.39 %	2.89 %
Q2 2024	10.35 %	21.58 %	5.43 %
Q3 2024	7.38 %	16.92 %	(1.74 %)
Q4 2024	0.15 %	12.37 %	(9.24 %)
Q1 2025	12.45 %	19.43 %	5.21 %
Q2 2025	11.46 %	19.57 %	3.80 %
Q3 2025	4.04 %	13.13 %	(2.79 %)
Q4 2025	(7.89 %)	1.98 %	(19.10 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Earnings Per Share before unusual items (Riyal)	Book Value (BV)
Q1 2016	3.00	-	-	4.68
Q2 2016	3.00	-	-	5.11
Q3 2016	3.00	-	-	4.48
Q4 2016	3.00	(0.89)	(0.89)	4.84
Q1 2017	3.00	(0.82)	(0.82)	5.02
Q2 2017	3.00	(0.48)	(0.48)	5.90
Q3 2017	3.00	(0.32)	(0.32)	6.65
Q4 2017	3.00	2.63	2.63	7.16
Q1 2018	3.00	2.73	2.73	7.61
Q2 2018	3.00	2.75	2.75	8.51
Q3 2018	3.00	2.77	2.77	9.28
Q4 2018	3.00	2.58	2.58	10.10
Q1 2019	3.00	2.62	2.62	10.58
Q2 2019	3.00	2.47	2.47	11.33
Q3 2019	3.00	2.52	2.52	12.15
Q4 2019	3.00	2.88	2.88	12.97
Q1 2020	3.00	1.08	1.08	11.56
Q2 2020	3.00	(0.36)	(0.36)	10.86
Q3 2020	3.00	(0.96)	(0.96)	11.08
Q4 2020	3.00	(2.80)	(1.07)	10.17
Q1 2021	3.00	(1.45)	0.27	10.21
Q2 2021	3.00	0.09	1.82	11.06
Q3 2021	3.00	0.13	1.86	11.32
Q4 2021	3.00	0.78	0.78	10.85
Q1 2022	3.00	(0.02)	(0.02)	10.09
Q2 2022	3.00	0.14	0.14	11.10
Q3 2022	3.00	0.04	0.04	11.25
Q4 2022	3.00	(1.07)	(1.07)	9.76
Q1 2023	3.00	(1.22)	(1.22)	8.85
Q2 2023	3.00	(2.13)	(2.13)	8.95
Q3 2023	3.00	(2.10)	(2.10)	9.13
Q4 2023	3.00	(1.72)	(1.72)	6.97
Q1 2024	3.00	(0.58)	(0.58)	7.20
Q2 2024	3.00	(0.21)	(0.21)	7.68
Q3 2024	3.00	(0.54)	(0.54)	7.53
Q4 2024	3.00	0.43	(0.12)	7.42
Q1 2025	3.00	0.68	0.13	7.90
Q2 2025	3.00	0.57	0.02	8.26
Q3 2025	3.00	0.47	(0.08)	8.01
Q4 2025	3.00	(1.72)	(0.80)	5.68

Period	Shares Outstanding (M)	EPS (Riyal)	Earnings Per Share before unusual items (Riyal)	Book Value (BV)
2016	3.00	1.77	1.77	4.84
2017	3.00	2.63	2.63	7.16
2018	3.00	2.58	2.58	10.10
2019	3.00	2.88	2.88	12.97
2020	3.00	(2.80)	(1.07)	10.17
2021	3.00	0.78	0.78	10.85
2022	3.00	(1.07)	(1.07)	9.76
2023	3.00	(1.72)	(1.72)	6.97
2024	3.00	0.43	(0.12)	7.42
2025	3.00	(1.72)	(0.80)	5.68

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Recurring P/E	Price/book
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
Q1 2017	NEG	NEG	7.75
Q2 2017	NEG	NEG	5.47
Q3 2017	NEG	NEG	4.29
Q4 2017	11.05	11.05	4.06
Q1 2018	9.69	9.69	3.47
Q2 2018	10.92	10.92	3.53
Q3 2018	9.69	9.69	2.89
Q4 2018	10.66	10.66	2.72
Q1 2019	12.72	12.72	3.15
Q2 2019	15.17	15.17	3.31
Q3 2019	12.24	12.24	2.54
Q4 2019	22.86	22.86	5.07
Q1 2020	39.32	39.32	3.68
Q2 2020	NEG	NEG	4.44
Q3 2020	NEG	NEG	10.75
Q4 2020	NEG	NEG	15.45
Q1 2021	NEG	More than 100	12.65
Q2 2021	More than 100	82.28	13.53
Q3 2021	More than 100	91.63	15.02
Q4 2021	More than 100	More than 100	26.02
Q1 2022	NEG	NEG	26.36
Q2 2022	More than 100	More than 100	16.41
Q3 2022	More than 100	More than 100	17.14
Q4 2022	NEG	NEG	15.76
Q1 2023	NEG	NEG	18.06
Q2 2023	NEG	NEG	18.12
Q3 2023	NEG	NEG	11.63
Q4 2023	NEG	NEG	19.50
Q1 2024	NEG	NEG	18.35
Q2 2024	NEG	NEG	16.41
Q3 2024	NEG	NEG	17.00
Q4 2024	More than 100	NEG	17.78
Q1 2025	More than 100	More than 100	15.35
Q2 2025	More than 100	More than 100	13.20
Q3 2025	More than 100	NEG	15.97
Q4 2025	NEG	NEG	19.30

Period	P/E	Recurring P/E	Price/book
2016	-	-	-
2017	11.05	11.05	4.06
2018	10.66	10.66	2.72
2019	22.86	22.86	5.07
2020	NEG	NEG	15.45
2021	More than 100	More than 100	26.02
2022	NEG	NEG	15.76
2023	NEG	NEG	19.50
2024	More than 100	NEG	17.78
2025	NEG	NEG	19.30

Business Segments (Million)

Compared With The

Period	Juice Time trade mark sales	Quiznos trade mark sales	Beef Shots sales	Juice time plus	Jamarti Brand sales	Sales of vegetables and fruits
Q1 2023	16.73	1.70	-	-	-	1.27
Q2 2023	25.77	1.78	-	-	-	(0.37)
Q3 2023	21.56	1.83	-	-	-	0.46
Q4 2023	17.56	1.88	0.29	-	-	(1.36)
Q1 2024	20.79	1.61	1.48	-	-	-
Q2 2024	22.65	1.58	1.93	0.02	-	-
Q3 2024	21.14	1.70	2.59	0.06	-	-
Q4 2024	16.42	1.69	2.57	0.02	-	-
Q1 2025	23.22	1.47	2.55	0.01	-	-
Q2 2025	24.66	1.78	2.22	-	-	-
Q3 2025	22.69	1.79	1.93	-	-	-
Q4 2025	17.05	1.77	3.06	-	-	-

Period	Juice Time trade mark sales	Quiznos trade mark sales	Beef Shots sales	Juice time plus	Jamarti Brand sales	Sales of vegetables and fruits
2022	88.23	6.31	-	-	0.99	3.12
2023	81.63	7.19	0.29	-	-	-
2024	82.12	6.57	8.58	0.09	-	-
2025	87.62	6.81	9.77	0.01	-	-

Financial Ratios

	Current
Market Cap (M Riyal)	294.30
Enterprise Value (EV) (M Riyal)	298.12
Shares Outstanding ((M))	3.00
EPS ( Riyal) (TTM)	(1.72)
Book Value (BV) ( Riyal)	5.68
Par Value ( Riyal)	10.00
Recurring P/E	Neg
P/E (TTM)	NEG
Price/book	17.26
Return on Average Assets (%) (TTM)	(7.38 )
Return on Average Equity (%) (TTM)	(26.29 )
EV/adj EBITDA	20.13
EV/Revenues	2.86

Development Works Food Co. (DWF)

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

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

View other reports

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2025 Q4

Financial Ratios

Share Price

Development Works Food Co. (DWF)

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

×

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

View other reports

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q4 2025

Revenue by Business Segment (Latest) 2025 Q4

Financial Ratios

Share Price

Development Works Food Co. (DWF)

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Business Segments (Million)