• Gross margin increase (36% vs. 30%) because of lower raw material costs, cost efficiencies in the factories favorable product and mix. The gross margin (excluding Mlekoma’s results) is 40%.

• Selling & distribution expenses maintained at 15.0% of net sales vs 14.6% versus last year. In absolute terms the increase of SAR 9.5 in S&D expenses has been driven by our continuous A&P spend (SAR 25 Mln) for brand building and investment in distribution expansion via new routes, sales vans and ice cream freezer deployment.

• General & administrative expenses at 3.7% of sales are at the same level as last year. In absolute terms the increase is SAR 1.6 Mln is mainly employee related.

• Finance income increased by SAR 6.0 Mln because of increase in deposit rates.

• Finance costs represents interest on leased assets.

• Zakat and Tax expense is based on Zakat base.

• Net profit margin is 17.6% vs 13.4% last year. Before Mlekoma’s results the net profit margin is 20.3%.

• Mlekoma’s gross margin has improved to SAR 1.7 Mln compared to a loss last year.

• Sales are higher by SAR 29.9 Mln representing a 4.4% increase driven mainly by volume and market share gain across all categories.

• Gross margin as percentage of sales increased by SAR 23.5 Mln (35.7% vs. 33.9%) because of lower raw material costs, favorable product and category mix and cost efficiencies in the factories.

• Our investments in selling and distribution have fueled growth and market shares dominance continues with positive trending lines vs (last year) at: Milk 63.0% (62.6%), Tomato Paste 53.2% (51.1%) and Ice cream 32.0% (30.1%).

• We continue to delight our consumers through new offerings. During the quarter 5 new flavors of Ice Cream were launched.

• SADAFCO’s aim is to invest in sales and distribution channels to drive growth and expand market presence.

• Poland’s operations profitability continues to improve compared to last year and return to its normal B2B margins. At the beginning of 2024 businesses have been impacted by two headwinds:

• Red Sea blockade continues to be a disruption to our business and to mitigate its effect we have purchased higher inventory.

• Civil work on new Yanbu Depot project is in progress for completion this year.

• We continue to generate positive cashflows. Our cash position (including investments) is SAR 0.8bln.

• SADAFCO has distributed a dividend of SAR 6 per share and has proposed for AGM’s approval an additional SAR 6 per share.

• Shareholders’ equity at a healthy 1.834 Bln vs 1.675 Bln on 31 Mar 2024 vs. last year.

• The earnings per share is computed as follows:

Profit attributable to owners of SADAFCO SAR 126,211,000

Total shares 32,500,000

Treasury shares held by the Company 500,250

Total shares outstanding 31,999,750

EPS 3.95